Risk Management Specialist

At Merrill Lynch, we prioritize the protection and security of our clients' assets. As a Risk Management Specialist, you will play a crucial role in identifying and mitigating potential risks within our organization. Your expertise and attention to detail will ensure that we maintain a strong risk management framework and provide our clients with the highest level of trust and reliability. We are looking for a highly skilled and driven individual who is passionate about risk management and has a strong understanding of financial markets. Join our team and make a meaningful impact on the safety and success of our clients' investments.

1. Develop and implement risk management strategies and protocols to protect client assets and minimize potential risks in the organization.
2. Conduct thorough risk assessments and identify potential hazards and vulnerabilities in processes, systems, and operations.
3. Analyze data and trends to identify potential risks and provide recommendations for risk mitigation.
4. Collaborate with cross-functional teams to ensure compliance with regulatory requirements and best practices for risk management.
5. Keep abreast of industry trends and developments in risk management and proactively integrate them into our risk management framework.
6. Monitor and evaluate existing risk management processes and identify opportunities for improvement or optimization.
7. Develop and maintain risk management policies, procedures, and documentation to ensure consistency and compliance throughout the organization.
8. Provide training and guidance to employees on risk management protocols and procedures.
9. Investigate and resolve any potential risk incidents or concerns raised by clients or internal stakeholders.
10. Communicate effectively with clients and stakeholders regarding risk management procedures and any potential risks to their investments.
11. Collaborate with internal audit teams to ensure risk management processes are regularly audited and any identified issues are addressed in a timely manner.
12. Stay updated on relevant laws and regulations related to risk management and ensure compliance within the organization.
13. Prepare and present reports on risk management activities, including identified risks, mitigation strategies, and recommendations for improvement to senior management.
14. Continuously monitor and analyze market trends and developments to identify potential risks and incorporate them into our risk management framework.
15. Serve as a subject matter expert on risk management and provide guidance and support to other departments as needed.

According to JobzMall, the average salary range for a Risk Management Specialist in Dallas, TX, USA is $71,000 – $110,000 per year. This can vary based on factors such as experience, education, and the specific industry or company the specialist is working in.

Merrill, previously Merrill Lynch, is an American investing and wealth management division under the auspices of Bank of America. Along with BofA Securities, the investment banking arm, both firms engage in prime brokerage and security dealings.