Audit & Risk Management Job Description

Audit & Risk Management Job Description

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Audit & risk management provides technical and consultative expertise for Business, IT, and Information Security staff in Risk Management concepts and supporting controls.

Audit & Risk Management Duties & Responsibilities

To write an effective audit & risk management job description, begin by listing detailed duties, responsibilities and expectations. We have included audit & risk management job description templates that you can modify and use.

Sample responsibilities for this position include:

Continuous monitoring of the company and its subsidiary banks as it relates to Asset Liability Management, Enterprise Risk Management, Liquidity Risk Management, Funding and Investments, ICAAP/CCAR, Economic Capital consumption, Retail Underwriting (consumer and small businesses)
Active industry research of regulatory and industry developments/practices as it relates to balance sheet and capital management
Assist with validation of remediation activities and projects in place to address regulatory gaps
Identify and calibrate the primary sources of risk, and assist the Audit Director in performing effective audit tests to assess the control environment
Further develop and manage the current business monitoring capabilities and program for IAG-Risk portfolio
Enable effective assessment of controls, and delivery of high-quality audit findings
Effectively manage, teach, mentor, and develop team members in all aspects of professional development
Identification of meaningful recommendations and serving as a change agent that will make an immediate impact in the subject areas
Follow latest trends in own field and adapt them for application within own job and the business
Coordinating efforts with internal stakeholders as appropriate (Governance Risk & Control, Operational Risk, Compliance)

Audit & Risk Management Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Audit & Risk Management

List any licenses or certifications required by the position: CISA, CIA, CPA, CISSP, PMP, CISM, CCIM, APC, RICS, CMA

Education for Audit & Risk Management

Typically a job would require a certain level of education.

Employers hiring for the audit & risk management job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, Business/Administration, Economics, Computer Science, Information Technology, Management, Education, MBA

Skills for Audit & Risk Management

Desired skills for audit & risk management include:

Enterprise network and systems architecture concepts and technologies
Hosted infrastructure and outsourcing services
Various operating system platforms
Information security/protection concepts
Information technology best practices and control frameworks
Managed service risk and control concepts for cloud-based application services
Relational database platforms and security concepts
SDLC and common IT project management methodologies and approaches
Security controls for internet facing e-commerce and social media applications
Financial institution

Desired experience for audit & risk management includes:

Lead the development of a comprehensive program of audit coverage assessing Capital International's risk management capabilities including enterprise risk, operational risk, model risk management, market risk, liquidity risk, Basel, economic capital the Capital International's capital adequacy framework and recovery and resolution planning
Partner with the Corporate Treasury and Market, Liquidity Risk Audit Leader on matters related to market and liquidity risk management the Head of Credit Review on matters related to credit risk management
Effectively liaise with Capital International's chief risk officers and risk staff function managing continuous risk monitoring
Oversee a process of continuous risk assessment to ensure audit resources are effectively and efficiently deployed against key and emerging risks
Act as the Business Risk Office lead for targeted and horizontal internal audits
The Risk Manager will be the liaison between internal Audit and the leadership teams within the lines of business

Audit & Risk Management Examples

1

Audit & Risk Management Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of audit & risk management. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for audit & risk management
  • Lead a team of senior manager, managers and professional auditors
  • Ensure the team provides leadership, coaching, performance management and personal development support
  • Ensure competent and sufficient engagement resources are retained, with relevant skill sets to meet each audit and our annual plan
  • Raise the technical knowledge of the group through managing attendance at various courses, seminars and in-house training, researching and sharing information
  • Ensure the team provides effective direction, coaching, and instruction to staff assigned to an engagement
  • Documenting the results of work performed in the Department's automated workpaper system according to Departmental methodologies and documentation standards
  • Developing and documenting audit findings in a clear and concise manner
  • Being responsible for the overall strategic technology vision and delivery of the GRC and Audit programs
  • Directing the Program / Project Manager, Development teams and Architects for all projects in the Book of Work
  • Analysing, identifying and appraising possible risks and issues that could impact the realisation of the intended strategy and resolving them
Qualifications for audit & risk management
  • Must possess an ability to concentrate and remain focused in a time-pressured environment with, at times, tight deadlines due to quarter end deliverables
  • The responsibilities are performed in a standard office environment with the work involving reading, significant computer and telephone usage
  • Bachelor's Degree in Information Systems or related field, or equivalent experience
  • CISA, CISM, CISSP, CGEIT or CRISC certification, a plus
  • Big 4 Consulting & Financial services industry experience preferred
  • 7+ years in the banking industry within a risk management function and/or internal audit function
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Audit & Risk Management Job Description

Job Description Example
Our company is searching for experienced candidates for the position of audit & risk management. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for audit & risk management
  • Understanding the dependencies that could impact the realisation of strategic objectives and engaging with the relevant counterparts to ensure the delivery of those dependencies
  • Engaging on a regular basis with the Business Sponsor and stakeholders and ensuring broad awareness, engagement and communications that support the strategy realisation
  • Actively participating in the process of defining how strategic requirements may be realised
  • Ensuring that the programmes and business cases are aligned to strategic objectives and have appropriate returns on investment
  • Ensuring that appropriate levels of governance are being applied to the portfolio and that key risk and decision points are being raised and resolved
  • Leading strategic Information Technology (IT) articulation and decision making around IT architecture and data models to address implementation requirements
  • Ensuring organisation around administration for weekly reports and tracking the overall progress of the portfolio
  • Co-ordinating across global platforms to ensure that required changes are planned and implemented
  • Ensuring delivery requirements are met through day to day program management
  • Planning of the implementation roadmap, including articulating development estimates
Qualifications for audit & risk management
  • Communicating with Production Support personnel around issues, risks, production problems, product direction and complexity, building their understanding of requirements to help the Production Scale Support team
  • Providing continuous improvements to the production platform in order to enhance performance, maintain stability and capacity plan for future needs
  • Providing inspiring and authentic leadership to the team
  • Establishing and leading an environment where people management and development is the number one priority
  • Actively communicating and cascading the GTO strategy, plans and values in order to enable effective decision making and create a high performing collaborative culture across GTO
  • Driving the achievement of high performance
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Audit & Risk Management Job Description

Job Description Example
Our company is looking to fill the role of audit & risk management. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for audit & risk management
  • Developing and sharing the audit findings with business verbally and in writing
  • Develop and drive execute of an operational controls assessment program
  • Develop and drive delivery and facilitation of an operational Quality monitoring program
  • Oversee and direct all operational monitoring and controls activities to ensure deadlines are met in accordance with operational compliance monitoring work plans
  • Analyze and understand regulatory and contractual requirements to business operations in developing and managing internal risk and control plans
  • Track and report on operational controls and monitoring corrective action plan commitments and progress
  • Travel as necessary to manage and coordinate the internal assessments and quality monitoring activities
  • Maintaining solid understanding of rapidly evolving regulatory capital requirements inclusive of, but not limited to, Basel II Pillar II ICAAP Supervisory Requirements and MAS's regulations regarding capital planning for banks
  • Plan and develop the annual audit plan for Enterprise Risk Management
  • Identifying meaningful issues from audit fieldwork
Qualifications for audit & risk management
  • 7+ years of experience in banking or financial services industry
  • Thorough knowledge of applicable regulations
  • 8+ years of experience related to operational risk management, operational controls and monitoring, data controls, compliance, and / or financial, operational or external audits
  • 5+ years of experience with defining and implementing operational controls monitoring programs in a heavy transaction based environment
  • CMS Risk Adjustment experience
  • Mature, problem solving attitude, exhibits judgment and realistic understanding of the issues
4

Audit & Risk Management Job Description

Job Description Example
Our growing company is hiring for an audit & risk management. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for audit & risk management
  • Identify emerging risks and issues
  • Provide leadership to audit teams and to other groups within IA on matters relating to areas of expertise
  • Support the business level planning efforts of the Portfolio Director and Vice-President
  • Build professional relationships with multiple client contacts (as delegated by the Portfolio Director and VP), based on mutual understanding of needs and expectations, professional integrity, competence and trust
  • Manage internal audit staff responsible for auditing first and second line functions for Market, Liquidity, and Balance Sheet Management other diverse lines of business and specialty areas
  • Provide subject matter expertise in the areas of Market, Liquidity and Balance Sheet Management functions, have an understanding of Basel II, 2.5, and III requirements related to market risk, liquidity coverage ratio, 2052A
  • Guide teams to accurately scope and execute integrated audits focused on the most meaningful and relevant risks
  • Continuously monitor for changes in the business that may affect the risk environment and, therefore, require possible changes to the risk assessment, audit plan or to the scope of planned audits
  • Ensure the execution of the audit plan reflects the annual Audit Response Programs and provides sufficient basis for providing an annual opinion for each critical risk process/function
  • Manage a co-sourced team of internal audit professionals ensuring work is performed in accordance with IIA standards and is consistent with the department’s Charter and Policies and Procedures
Qualifications for audit & risk management
  • Audit and Internal Controls experience
  • Periodic travel to Waterloo will be required
  • At least 7 years of experience in auditing, at least 7 years of experience in treasury, at least 7 years of experience in market risk, at least 7 years of experience in capital markets, at least 7 years of experience in compliance, or a combination
  • At least 3 years of experience in Liquidity Risk Management, at least 3 years of experience in Market Risk Management, at least 3 years of experience in Funds Transfer Pricing, or a combination
  • Certified Internal Auditor (CIA), Certified Investments and Derivatives Auditor (CIDA), Certified Public Accountant (CPA), Certified Risk Compliance Manager (CRCM) or Certified Information Systems Auditor (CISA)
  • 9+ years of experience in auditing, 9+ years of experience in treasury, 9+ years of experience in market risk, 9+ years of experience in capital markets, 9+ years of experience in compliance, or a combination
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Audit & Risk Management Job Description

Job Description Example
Our company is growing rapidly and is looking for an audit & risk management. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for audit & risk management
  • Oversee testing of financial, IT, fraud, BSA/AML and other operational controls
  • Work with management to review findings and actions plans/remediation steps
  • Report the results to management and the Audit Committee, and track management’s actions to resolve audit findings
  • Responsible for managing and performing audits, overseeing several audits at a time
  • Assigns staff , supervises planning and oversees specific audits
  • Conduct complex internal audits of ERM activities, including planning, fieldwork execution and reporting
  • Evaluate activities in accordance with applicable regulatory and accounting standards (e.g., GAAP, GAAS, COSO)
  • Identify documents and presents all control weaknesses to Audit Management facilitating the development of comments for inclusion in the Audit Report
  • Conduct continuous monitoring of business initiatives and processes to identify areas of increasing and emerging risks
  • Provide subject matter expertise and support to the Audit Division on ERM related matters
Qualifications for audit & risk management
  • Chartered accountant is a plus
  • Experience in Auditing in Manufacturing or FMCG industry (either external or Internal Audit)
  • Incisive analytical ability especially Root Cause Analysis
  • CPA, CFA, and /or FRM qualifications a plus
  • Candidates should be at the end of their Bachelor or Master Studies in Business Administrations (Accounting knowledge required including IFRS)
  • Willingness to dive deeper to find out why things happen in a certain way

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