What are the responsibilities and job description for the RISK CONSULTANT position at State of Arkansas?
Position Information
Job Series: Program Operations – Risk Management
Classification: Risk Consultant
Class Code: PRM01P
Pay Grade: SPC01
Salary Range: $58,700 – $86,876
Job Summary
The Risk Consultant is a specialist responsible for identifying, assessing, and mitigating various risks that can impact an agency’s or organization’s operational, financial, regulatory, and strategic objectives. This role requires a blend of analytical expertise and strategic insight to develop robust risk management frameworks and provide actionable recommendations. The consultant collaborates with multiple agencies and a variety of assorted personnel in an attempt to ensure that risks are proactively managed and that the agency or organization is both resilient and compliant in a dynamic operating environment.
Primary Responsibilities
Conduct comprehensive risk assessments to identify potential operational, financial, regulatory, and reputational risks. Analyze business processes and market conditions to highlight vulnerabilities and emerging threats. Develop and implement risk mitigation plans and control measures that align with the agency’s strategic objectives. Recommend best practices and improvements to current risk management strategies based on analytical findings. Ensure that the agency complies with relevant industry regulations and internal policies. Assist in designing and enforcing internal controls and audit procedures to safeguard assets and improve risk governance. Prepare detailed risk reports and dashboards that effectively communicate findings and recommendations to senior management. Facilitate meetings and workshops to educate teams and leadership on risk-related issues and strategic responses. Collaborate with cross-functional teams including finance, operations, information technology, and legal to integrate risk management practices across the agency. Act as a trusted advisor during strategic initiatives, mergers, acquisitions, or other transformational projects.
Knowledge And Skills
Proficiency in data analysis and risk modeling techniques, with a keen ability to interpret complex datasets. Familiarity with risk management and compliance software (e.g., Governance, Risk, and Compliance Management software) and strong skills in Microsoft Excel or similar analytical tools. Exceptional written and verbal communication skills to articulate risk findings and recommendations to both technical and non-technical personnel. A proactive approach to identifying solutions, anticipating risks, and creating effective mitigation strategies.
Minimum Qualifications
Bachelor’s degree in Finance, Accounting, Economics, Business Administration, Risk Management, or a related field.
Satisfaction of the minimum qualifications, including years of experience and service, does not entitle employees to automatic progression within the job series. Promotion to the next classification level is at the discretion of the department and the Office of Personnel Management, taking into consideration the employee’s demonstrated skills, competencies, performance, workload responsibilities, and organizational needs.
Licensure/Certifications
N/A OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.
Job Series: Program Operations – Risk Management
Classification: Risk Consultant
Class Code: PRM01P
Pay Grade: SPC01
Salary Range: $58,700 – $86,876
Job Summary
The Risk Consultant is a specialist responsible for identifying, assessing, and mitigating various risks that can impact an agency’s or organization’s operational, financial, regulatory, and strategic objectives. This role requires a blend of analytical expertise and strategic insight to develop robust risk management frameworks and provide actionable recommendations. The consultant collaborates with multiple agencies and a variety of assorted personnel in an attempt to ensure that risks are proactively managed and that the agency or organization is both resilient and compliant in a dynamic operating environment.
Primary Responsibilities
Conduct comprehensive risk assessments to identify potential operational, financial, regulatory, and reputational risks. Analyze business processes and market conditions to highlight vulnerabilities and emerging threats. Develop and implement risk mitigation plans and control measures that align with the agency’s strategic objectives. Recommend best practices and improvements to current risk management strategies based on analytical findings. Ensure that the agency complies with relevant industry regulations and internal policies. Assist in designing and enforcing internal controls and audit procedures to safeguard assets and improve risk governance. Prepare detailed risk reports and dashboards that effectively communicate findings and recommendations to senior management. Facilitate meetings and workshops to educate teams and leadership on risk-related issues and strategic responses. Collaborate with cross-functional teams including finance, operations, information technology, and legal to integrate risk management practices across the agency. Act as a trusted advisor during strategic initiatives, mergers, acquisitions, or other transformational projects.
Knowledge And Skills
Proficiency in data analysis and risk modeling techniques, with a keen ability to interpret complex datasets. Familiarity with risk management and compliance software (e.g., Governance, Risk, and Compliance Management software) and strong skills in Microsoft Excel or similar analytical tools. Exceptional written and verbal communication skills to articulate risk findings and recommendations to both technical and non-technical personnel. A proactive approach to identifying solutions, anticipating risks, and creating effective mitigation strategies.
Minimum Qualifications
Bachelor’s degree in Finance, Accounting, Economics, Business Administration, Risk Management, or a related field.
Satisfaction of the minimum qualifications, including years of experience and service, does not entitle employees to automatic progression within the job series. Promotion to the next classification level is at the discretion of the department and the Office of Personnel Management, taking into consideration the employee’s demonstrated skills, competencies, performance, workload responsibilities, and organizational needs.
Licensure/Certifications
N/A OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.
Salary : $58,700 - $86,876