Risk Assurance Manager Job Description

Risk Assurance Manager Job Description

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Risk assurance manager provides key control testing, issue closure testing and targeted assurance reviews of material risks on a bank-wide basis.

Risk Assurance Manager Duties & Responsibilities

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

Sample responsibilities for this position include:

Provides oversight to team which manages all IT and other technical enhancements to the QA program, which may include writing business requirements and representing QA team in IT budget, slotting and execution activities
Excellent organisation skills with the ability to manage multiple tasks and projects, even when under pressure, and be open to working in a changing environment
Strong change management skills including behavioural and cultural change
Effective oral and written communication with the ability to provide well-reasoned and self-assured responses, even when challenged
Ability to work as part of a team, whether with your R&Q colleagues or the practice
An interest in risk management and a commitment to continuous improvement in quality
An understanding of the Risk Assurance, CMAS and AIMS businesses and an understanding of the role of R&Q in helping these businesses achieve their goals
Empathy with the pressures and motivations of client facing colleagues and an ability to win their support with pragmatic proposals/solutions without compromising on quality
Strong intellectual and technical skills with the desire to seek new learning opportunities to stay technical and relevant
A Bachelor’s degree (or equivalent qualification / technical experience)

Risk Assurance Manager Qualifications

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

Licensing or Certifications for Risk Assurance Manager

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

Education for Risk Assurance Manager

Typically a job would require a certain level of education.

Employers hiring for the risk assurance manager 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, Finance, Information Systems, Engineering, Graduate, Finance/Economics, MBA, Science, Technology, Engineering & Mathematics

Skills for Risk Assurance Manager

Desired skills for risk assurance manager include:

APO
GRC
MDM and MDG would also be beneficial
Business processes and controls
Control testing and reporting
Design and execution of assurance programmes within a financial services environment
FCA
HMRC
How regulatory
ICO and other applicable rules

Desired experience for risk assurance manager includes:

Experience with Operational Risk management/audit experience is strongly preferred
Relevant industry and other professional qualifications are highly preferred
The role will require travel from time to time within Asia
Action plan administration/management strongly preferred
Understanding of Internal Control Frameworks COSO and end to end processes
Awareness of common project governance methodologies and the risks of project based delivery, PRINCE 2, PMP, MSP

Risk Assurance Manager Examples

1

Risk Assurance Manager Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of risk assurance manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk assurance manager
  • Extremely organised, able to cope with competing demands and priorities
  • People management focused, with great leadership skills
  • Accomplishes quality assurance human resource objectives by recruiting, training, assigning, scheduling, coaching, and counseling employees
  • Achieves quality assurance operational objectives by contributing information and analysis on the performance of the organization to established quality standards
  • Develops quality assurance plans through risk analysis
  • Validates quality processes by establishing quality attributes
  • Prepares quality documentation and reports by collecting, analyzing and summarizing information and trends
  • Manage both the risk event reporting process and compliance incident reporting including, monitoring systemic issues and subsequent action take
  • Evaluate and manage the impact of initiatives (including Group Regulatory Compliance) and policy changes through adopting a collaborative approach
  • Regularly review processing efficiencies of risk controls & treatment plans
Qualifications for risk assurance manager
  • Peviously held a client facing role, preferably within Assurance - Risk Assurance, Core Assurance, CMAS or AIMS
  • Ability to communicate clearly and with self-confidence to all levels of staff, including at the most senior levels
  • An ability to take the initiative but keep others informed of progress and escalating issues where appropriate
  • Strong reporting skills including development of templates and reviewing draft reports
  • Clear understanding of commercial, delivery and regulatory risks faced by the business
  • Some contracting experience and other R&Q matters (not essential) or interest in contractual/R&Q matters
2

Risk Assurance Manager Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of risk assurance manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk assurance manager
  • Advise and promptly apprise the Head of TRCA of all key IT risk, control or regulatory issues arising during the assessments
  • Update and maintain documentation of assessments
  • Test and follow up on audit issues for proper implementation, at the same time, develop a mechanism to ensure the issue is also adequately addressed across function and locations
  • Review security operations within OSP’s environment in line with global IS security standards, guidelines, and procedures for ensuring high levels of integrity, confidentiality, and availability of all IT resources
  • Identify security operations gaps, vulnerabilities, associated risks and mitigation strategies in our internal and outsourced vendor environment
  • To manage and control all IT related audits, whether they are internal, external or regulatory
  • To work with the infrastructure teams to ensure that policies, procedures and control failings/weaknesses are being actively managed to a satisfactory level
  • Perform independent reviews of model validations and related model risk monitoring activities to ensure compliance with policy and procedures consistency in ratings, approval decisions and documentation of supporting rationale
  • Advise and promptly apprise key stakeholders or process owners of all key IT risk, control or regulatory issues arising during the assessments
  • Test and follow up on control issues for proper implementation, at the same time, develop a mechanism/solution to ensure the issue is also adequately addressed across function and locations
Qualifications for risk assurance manager
  • Ability to “make the case for quality” effectively to client–facing partners and staff, while remaining sympathetic to their pressures and deadlines
  • Intellectual capacity to analyse complex issues, use multiple sources of information to develop solutions and provide pragmatic recommendations
  • Ability to analyse documents, including regulatory and legislative materials, to be able to give accurate and practical advice
  • Ability to analyse information, identify themes and share knowledge with Assurance leadership and the business
  • Desire to develop technical skills and be prepared to seek out knowledge on risk and compliance issues
  • CRISC, CISM, CISSP (desirable)
3

Risk Assurance Manager Job Description

Job Description Example
Our company is hiring for a risk assurance manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk assurance manager
  • Work with the operations teams to perform root cause analysis and drive process and/or system enhancement to reduce failure rates
  • Develop and evolve the strategic QA agenda for WLO
  • Incorporate continuous quality improvement techniques when necessary, providing ‘knowledge sharing’ and training for colleagues and internal partners
  • Establish department quality goals and key performance indicators and evaluates risk event trends to ensure program has sufficient warning signs
  • Develop and oversee change management governance for QA – integrating with WLO Controls & RCSAs
  • Execute ongoing forensic analyses as appropriate for QA team depending upon forensic testing needs
  • Apply a consistent quality project/initiative management approach across the business to ensure an effective quality agenda
  • Create business specific quality measurement frameworks and track improvement against these metrics
  • Participate in change control processes and reviews
  • Consults on other types of security (e.g., security architecture, secure development lifecycle, physical security issues) as needed
Qualifications for risk assurance manager
  • Strong ability to collect and summarize of large amounts of data
  • University Graduate, preferably BSc (in Statistics or Mathematics)
  • Undergraduate in Actuarial Science
  • Need to have 4-6 years credit risk experience at a Bank or Consultancy
  • Min 6 - 9 yrs of working experience
  • Good interpersonal and communication skills - spoken and written, will be required to drive the resolution of (potential) audit findings with internal and external auditors
4

Risk Assurance Manager Job Description

Job Description Example
Our company is searching for experienced candidates for the position of risk assurance manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk assurance manager
  • Involve and complete the review of IT configurations, processes, controls and mitigation plans, both internally and at our outsourced service providers (OSP)
  • Ability to use analytical thinking and automation (scripting) to solve security, risk and control issues
  • Review and identify security operations gaps, vulnerabilities, associated risks and mitigation strategies in our internal and outsourced service providers (OSP) environment
  • Serves as an internal Performance Improvement consultant to the medical center departments and the medical staff by staying appraised of the most current PI practices and standards
  • Support the Medical Staff Quality Committee and peer review activities
  • Managing key audit relationships across our International corporate business stream in a remote manner
  • Having a broader perspective of potential issues encountered when managing workloads through the Audit Delivery Centres and the strategies to overcome them
  • Conduct research ahead of and during client engagements
  • Prepare and discuss controls and procedures with audit clients and report evidence found
  • Performing an independent risk focused review of the statutory accounts, group reporting and the underlying audit work on audit clients outside of your audit client portfolio
Qualifications for risk assurance manager
  • IT professional with good understanding of technology platform and solutions
  • Understanding of Information Security and audit/controls and techniques, COBIT, ITIL, ISO27001-5 or other control framework
  • Experience in outsourced vendor management
  • Good understanding of overall technology processes, security, risks and controls
  • Knowledge of the regulatory requirements specific to the Financial Services industry
  • Prior experience in either banking, IT risk management, security-related or IT audit (preferred)
5

Risk Assurance Manager Job Description

Job Description Example
Our growing company is looking to fill the role of risk assurance manager. 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 manager
  • Challenging the engagement team on your risk reviews, to ensure that results of testing and judgements are adequately documented
  • Test and discuss controls and procedures with clients and report evidence
  • Providing added value for engagement teams and the wider Audit practise, supporting them in delivering the ‘Distinctive’ client experience by collating insights and considering their communication throughout the wider firm
  • Fostering a collaborative and inclusive culture
  • Start to build client relationships with Financial Services clients and support business development initiatives
  • Documentation of remediation activities that will support evidence requirements for the privacy program
  • Demonstrate an ability to collaborate and work closely with business partners and IT teams
  • Define the project goals, project plan and schedule for privacy projects of low/medium scope
  • Coordinate and facilitate project team and project management meetings
  • Drive analysis work and continuous improvement of the Incidents process
Qualifications for risk assurance manager
  • Advanced credit assessment, financial analysis
  • Proficient in report writing for senior stakeholders at a portfolio level is critical
  • Extensive knowledge of business and economic issues, understanding of business operating cycles and industry knowledge and understanding
  • A tertiary qualification in law, commerce, accounting or finance is desirable
  • The role requires extensive travel (up to 20 weeks in some years)
  • At least 2 years of experience in Compliance or Risk management, including experience with banking laws / regulations and processes

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