Bank Risk Manager Job Description

March 23, 2011 | By More

Bank risk manager job profile and description

The bank risk manager is supposed to be the eyes and ears of the institution. The role is a key determinant of the loans that are offered and the various client groups that are admitted. It is a critical role in modern banking because risk has been one of the determinants of success. The person doing this role has to balance the need for profits with a healthy assessment of risks.

Bank risk manager duties and responsibilities

The duties of a bank risk manager include the following items:

  1. You will need to assess lending criteria on a regular basis.
  2. You will need to supervise loan officers to ensure that they are following procedures.
  3. You will regularly liaise with industry experts to discuss risk assessments.
  4. The role requires that you present regular reports to senior managers.

Bank risk manager skills and specifications

The specifications for the role of a bank risk manager include the following issues:

  1. You need to understand the complex calculations that underpin risk assessment.
  2. You must have the ability to pay attention to detail.
  3. You should be able with other strategic teams within the organization.
  4. You will need to have good analytical and investigative skills.

Bank risk manager education and qualification

A good degree will start off your quest for a career as a bank risk manager. Nevertheless you need a banking qualification to give you good grounding within the industry. It might be a good idea to secure some IT training to help you with the modern banking systems.

Bank risk manager salary

The salary for a bank risk manager starts at about $80,000. You can get increments depending on the size of the portfolio. Venture capitalists might be able to give you top salaries of $250,000.

Category: Banking Job Descriptions

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