Risk Assurance Job Description

Risk Assurance Job Description

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Risk assurance provides compliance program support (PCI, HIPAA, State Regulations, SOX, SEC) that helps analyze and evaluate the design and operating effectiveness of information technology of compliance consultative requests.

Risk Assurance Duties & Responsibilities

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

Sample responsibilities for this position include:

Educate internal and external audiences on enterprise risk management and financial and accounting regulatory compliance best practices
Serve as a subject matter expert and engage with clients and colleagues on financial accounting and control-related issues to provide research guidance and give recommendations for potential solutions
Write, lead and coordinate team members to develop safety policy, procedures and instructions to maintain compliance of safety management systems to the requirements of ICAO Annex 19, National Airworthiness Authority standards and regulations
Partnering with the Internal Audit Risk team, particularly with the Risk Chief Auditor and their direct reports
Reporting to the Chief Auditor Strategy & Quality Assurance to carry out independent QA reviews of assurance work performed by internal auditors including Hot Reviews, Site Reviews, moderating cold review scorecards and Thematic Reviews
Sharing industry knowledge, best practice, and near misses experience from previous auditing background and transfering knowledge to Risk auditors via report review, QA Forum, hot reviews, lunch & learn sessions and bite-size training
Performing risk-based Hot Reviews during live audits
Conducting Site Reviews using the QA testing strategy
Working with the QA team to develop a valued interactive program of support and assurance covering the assessment and reporting of key risks across businesses and products, legal entities and jurisdictions, providing stakeholders with insight and practical solutions to improve the control culture and environment across the firm
Assists in the development of risk related standards, training/education curriculum and assurance procedures with little supervision

Risk Assurance Qualifications

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

Licensing or Certifications for Risk Assurance

List any licenses or certifications required by the position: CISA, CIA, CPA, CA, CISSP, CGEIT, CIPP, CBCP, CISM, CMA

Education for Risk Assurance

Typically a job would require a certain level of education.

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

Skills for Risk Assurance

Desired skills for risk assurance include:

COSO
Order to effectively and efficiently design and execute testing plans
Review scopes
COBIT
Consumer compliance laws & regulations
Accounting
ITIL
Information technology
Regulations
Related matters of interest to the department

Desired experience for risk assurance includes:

Knowledge of key legislation
A strong knowledge of the internal audit function drive to help the company develop and improve in-house processes
2+ years AML/BSA or related Audit/Compliance experience
Bachelor’s degree or equivalent work experience in AML, Technology or related field
Working knowledge of financial services operating environment and applicable AML systems
An Undergraduate degree is required, advanced degree/s desired and would be a plus

Risk Assurance Examples

1

Risk Assurance Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of risk assurance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for risk assurance
  • Ability to work in a matrix environment and support multiple tasks such as ERM Reporting and Governance
  • Proactively researches best practices and presents creative/innovative deliverables that convey the desired message with easy to understand content, engaging the intended audience
  • Executes assigned work on time and on-budget
  • Lead the team in review execution
  • Support team members or management in the review of workflows and business processes evaluate the adequacy of internal controls
  • Act as a positive role model in a group
  • Own Business Continuity Management for the brewery Crisis and Continuity management, FACTS training and simulation exercises
  • Serve as the primary contact with first line management to deliver monthly Quality Assurance findings and consider any feedback they provide regarding those findings
  • Assist with the management of the process to formally track identified issues and the status of their resolution
  • Establish goals for analysts and monitor their performance
Qualifications for risk assurance
  • Have a relevant professional qualification
  • Experience in reviewing IT General Controls including Change Controls and Access Rights
  • Sarbanes Oxley experience, knowledge of and ERP SAP or Oracle
  • Experience of writing SQL code
  • Effective written and verbal communication skills and an ability to communicate clearly with colleagues and clients at all levels
  • Ability to be agile in changing circumstances both internally and externally when dealing with client issues and business needs
2

Risk Assurance Job Description

Job Description Example
Our company is growing rapidly and is looking for a risk assurance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for risk assurance
  • Assist with continual refinement of infrastructure for the Quality Assurance team including
  • Proactively manage the credit analysts on your team to ensure accurate/consistent/timely feedback is provided to first line business partners and Risk executive management
  • Assist with the establishment of a robust collections Q/A process for the card, auto and student lending portfolios
  • Coordinate, conduct and record safety investigation caseload as directed
  • Submit and oversight mandatory or required reports, as directed, to the appropriate authorities (airworthiness, quality or HESS) within the required timeframes
  • Proactively protect the availability, integrity, confidentiality, and privacy of all customer and business data
  • Lead efforts in industry standards and regulatory compliance with ISO 27001/27002, Cloud Security Alliance, GLBA, Sox, PCI DSS, HIPAA/HITECH, Medicare Part D
  • Oversee incident response planning/protocol
  • Lead the Enterprise Cloud Vulnerability Management team
  • Participate in business continuity and disaster recovery planning
Qualifications for risk assurance
  • A team player with demonstrated strong analytical skills and organisational abilities including project management skills
  • A proven track record of establishing and building strong relationships
  • IT Risk and Controls
  • Experience of auditing ERP packages
  • Excellent communication skills with senior stakeholders report writing skills
  • ACCA (desirable)
3

Risk Assurance Job Description

Job Description Example
Our innovative and growing company is looking for a risk assurance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for risk assurance
  • Supervise staff including review of work performed, assignment of roles and responsibilities, communication of timely feedback
  • Establish, maintain and update risk database
  • Stay abreast of the regulatory environment and industry developments through discussions with peers, by attending relevant seminars, webinars, roundtables
  • Delivering a broad range of Data Science, Machine Learning and Artificial Intelligence engagements in a variety of areas such supervised and unsupervised machine learning, natural language processing and optimization
  • Data Modeling and Mining
  • Recognize potential issues encountered when supporting diverse solutions and the strategies to overcome them
  • Manage the day-to-day execution of CSL HSE assurance activities and assist with the maintenance of a multi-year programme that assures key HSE controls across CSL
  • Develop and maintain the CSL audit procedure
  • Lead and participate in the delivery of second and third line of defence audits and other assurance activities as required
  • Track and report HSE assurance activities as required
Qualifications for risk assurance
  • 1LoD/2LoD/3LoD
  • Takes ownership of assignments and guides others in order to support the Risk group
  • At least 1year of experience developing and executing control monitoring
  • Currently possess or will sit for CPA, CIA, ARM, CERA , CISA , and/or other Risk Management certification
  • Minimum 10 years’ experience in business, security, or technology
  • Experience operating in a highly regulated environment
4

Risk Assurance Job Description

Job Description Example
Our growing company is looking for a risk assurance. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk assurance
  • Management Reporting for all SOX Testing, ICA, ACA & RCSA Programs
  • Embedding and supporting the Control Assurance framework, including providing assistance on a timely and effective Group-wide build & implementation (all functional areas)
  • Oral presentation of proposals and SOWs to senior management and C-level clients
  • Good to exceptional excel skills
  • Good planning, analysing and reporting skills
  • Ability to link and analyse data that is obtained from different sources
  • Experience in internal audit, business process development or change/project management would be advantageous but not essential
  • Experience gained within a commercial organisation
  • Ability to be trusted when dealing with sensitive and confidential information
  • Play a key role in assessing the company’s compliance with the requirements of Title IV including development of test plans and the performance of testing of internal controls
Qualifications for risk assurance
  • BS/BA degree, Advanced degree preferred, or an equivalent combination of education and experience required
  • Technology certifications a plus (CISA, CISM, CISSP, CompTIA, Microsoft, Cisco)
  • At least 2 years of experience in process management experience
  • Knowledge of enterprise wide security, network, and computing environment with experience across multiple Information Technologies and experience within business operating companies
  • Relevant experience within the financial services industry investment risk, investment restrictions control, trading desk support
  • Deep product knowledge of Bank and Cash Solutions product sets
5

Risk Assurance Job Description

Job Description Example
Our growing company is looking for a risk assurance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for risk assurance
  • Plan, organize, monitor and control the overall engagement of assigned projects including definition of approach, scope and ensuring efficient utilization of resources and accountability to timelines and commitments
  • Execute risk assessment and project planning process
  • Work with Director to coordinate reporting to external auditors, senior management and the Audit Committee
  • Coordinate activities with external auditors to support their audit and review procedures (as applicable)
  • Attend contract and quality monitoring meetings with commissioning bodies to provide robust information and intelligence on how the contract is performing
  • Lead on projects, audits and action plans by identifying areas of process and practice that provide scope for further service improvement
  • Work closely with all stakeholders to ensure that all quality issues are identified, investigated and improvement plans are developed
  • Manage the Key Performance Indicator returns and ensuring the accurate and timely reporting of information
  • Manage the compliance audit cycle for Branch & Subcontractors through the delegation of duties
  • To effectively line manage team members, taking responsibility for performance management and personal development
Qualifications for risk assurance
  • Experience as an SLQ2CQ Process Manager Knowledge of Process Engineering and or Industrial Engineering Experience
  • Strong understanding of vendor risk management in a financial services company preferred
  • Good understanding of the finance industry's regulatory requirements for the managing of third parties (FFIEC, Fed)
  • Must have experience in a national, performance-driven organization
  • Knowledge of the finance industry's regulatory requirements for the managing of third parties (FFIEC, Fed)
  • The role sits within the CRIS Governance & Capital Advisory team

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