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.