Cybersecurity Risk Consultant - Banking
Overview
We are seeking a highly motivated and experienced Cybersecurity Risk Consultant - Banking to join our team. This role is pivotal to ensuring the effective management of technology and cybersecurity risks, compliance with banking regulatory requirements, and promoting a robust risk management culture within our financial organization. The ideal candidate will possess a strong background in banking, IT operations, and cybersecurity, and demonstrate expertise in collaborating with cross-functional teams to address critical risk areas effectively.
Responsibilities
As a Cybersecurity Risk Consultant - Banking, your primary duties will include:
- Driving and managing technology and cybersecurity risk mitigation initiatives focused on the banking sector, including facilitating Risk Control Self-Assessments (RCSAs) and Key Risk Indicators (KRIs).
- Defining and tracking action plans to address internal and external cybersecurity audit recommendations, ensuring alignment with banking-specific compliance standards.
- Facilitating regulatory reviews with banking regulators and ensuring compliance with cybersecurity regulations pertinent to financial institutions.
- Building strong relationships with banking IT and cybersecurity teams to identify and address critical cybersecurity risk areas that may impact operations or customer data.
- Conducting reviews to enhance security controls and streamline technology operations processes within financial frameworks.
- Organizing and executing training programs to foster a culture of cybersecurity awareness, risk management, and regulatory compliance across banking teams.
- Supporting and coordinating Business Continuity Planning (BCP) exercises aligned with banking industry standards and generating detailed reports on cybersecurity readiness.
- Identifying, documenting, and updating all residual risks, managing approval workflows to ensure consistency with risk policies for financial institutions.
- Supporting third-party/vendor risk management activities, including conducting outsourcing risk reviews and evaluating compliance with banking-specific cybersecurity regulations.
- Providing hands-on project support for cybersecurity initiatives in the banking domain as required.
Qualifications
To succeed as a Cybersecurity Risk Consultant - Banking, candidates should meet the following requirements:
- 3 to 5 years of relevant experience in banking, IT operations, or cybersecurity risk management, with a focus on financial technologies such as digital banking platforms.
- Proven expertise in cybersecurity risk management and/or audit within banking and financial institutions.
- Strong interpersonal and collaboration skills, with the ability to build and maintain working relationships across IT, cybersecurity stakeholders, and banking regulators.
- In-depth knowledge of banking operations, cybersecurity frameworks, and financial compliance standards, such as NIST Cybersecurity Framework, ISO 27001, PCI-DSS, or MAS-TRM.
- Excellent analytical skills with the ability to adapt to dynamic and fast-paced cybersecurity environments in banking.
- Proficiency in cybersecurity tools, advanced reporting, and familiarity with banking compliance documentation.
- Strong ownership mindset, commitment to quality, and a results-driven attitude when addressing cybersecurity risks in the banking sector.
Day-to-Day
A typical day as a Cybersecurity Risk Consultant - Banking will include:
- Collaborating with IT, risk, and cybersecurity units within the bank to identify, assess, and mitigate risks to technology and cybersecurity infrastructure.
- Monitoring and managing the progression of action plans linked to cybersecurity governance and audit findings.
- Engaging directly with financial regulators to lead and support cybersecurity-related reviews and ensure compliance within the bank.
- Conducting in-depth risk evaluations, identifying vulnerabilities, and proposing actionable risk mitigation strategies to safeguard banking operations.
- Organizing and delivering cybersecurity training programs tailored to the banking workforce to foster organization-wide cyber resilience.
- Preparing detailed reports on cybersecurity risks, business continuity exercises, and compliance-driven testing, specifically tailored to financial institution operations.
- Working cross-functionally to enhance and align banking cybersecurity risk management practices.
