Risk & Audit Manager Job Description
Risk & audit manager
provides support for large and complex audits, examinations, reviews, and projects related to keeping the business line in compliance with regulatory issues and requirements, specific to: CAS, CQA, E&Y, SSAE16, Basel II, SOX, OCC, CFPB audit and exam testing.
Risk & Audit Manager Duties & Responsibilities
To write an effective risk & audit manager job description, begin by listing detailed duties, responsibilities and expectations. We have included risk & audit manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Resiliency coordinator in support of activities for the Global Resiliency & Crisis Management Group
Assist with the planning of global audits of fiunctions within the CSG Credit Risk Officer (CRO) dept with particular focus on market risk related matters
Raise and draft impactful audit observations to help the Bank manage its risk
Assist with the planning, scoping and managing of global audits of the CSG Credit Risk Management (CRO) functions
Develops and executes a robust Audit Plan, by reviewable entity, for assigned businesses in accordance with Internal Audit standards, relevant government statutes and regulations and the company's policies
Delivers on time high quality audit reports, Internal Audit and Regulatory issue validation and (where appropriate, branch examinations, business monitoring and governance committee reporting
Applies comprehensive expertise in of the corporation's businesses and leverages this knowledge into a leadership role in teams
Complete active industry research of regulatory and industry developments/practices as it relates to balance sheet and capital management
Further develop and manage the current business monitoring capabilities and program
Raise the technical knowledge of the group through attending various courses, seminars and in-house training, researching and sharing information
Risk & Audit Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk & Audit Manager
List any licenses or certifications required by the position: CIA, CPA, CISA, CA, CMA, CISSP, CISM, CGEIT, CIPP, CBCP
Education for Risk & Audit Manager
Typically a job would require a certain level of education.
Employers hiring for the risk & audit 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, Finance, Management Information Systems, Business/Administration, Education, Economics, Management, Graduate, Statistics
Skills for Risk & Audit Manager
Desired skills for risk & audit manager include:
Auditing
You'll be able to advance your career in this critical leadership role
CFPB
Credit/debit valuation adjustment is preferable
FCA
FINRA
Financial and consumer regulatory environments and requirements as established by the OCC
Foreign regulatory jurisdictions
Limit framework
Price testing and fair value adjustment process
Desired experience for risk & audit manager includes:
Strong understanding and knowledge of credit risk regulation for key jurisdictions, USA, UK and Europe
Strong product knowledge (specifically derivatives and other traded products) and substantial experience of credit ratings and analysis across a range of industries and geographic locations
In depth knowledge of computers including all current PC applications, remote access usage the HBCA and its Subsidiaries’ primary systems
Expert knowledge of Canadian Banking rules and regulations the Bank Act, Bank of Canada Act and supporting guidelines, rules and regulations of the Canadian regulators, including Canada Deposit Insurance Corporation (CDIC), Financial Transactions & Reports Analysis Centre of Canada (FINTRAC), Investment Industry Regulatory Organisation of Canada (IIROC), Mutual Fund Dealers Association of Canada (MFDA), Office of the Superintendent of Financial Institutions (OSFI) and Securities Act
The business domain knowledge is required
Master’s or PhD with a quantitative focus, math, science, engineering
Risk & Audit Manager Examples
1
Risk & Audit Manager Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of risk & audit manager. 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 risk & audit manager
- Manage the planning, budgeting, scope, execution and delivery of change assurance and global audits of the CSG Credit Risk Management or Counterparty Credit risk Management (CRO) functions
- Participate in assessment of risk and preparation of quarterly business reviews (QBR) presentations deliver to the Group Chief Auditor
- Conduct stakeholder meetings with Regional and Global Credit Risk Officers and regulators
- Lead the planning and scoping of special reviews and projects covering credit risk management
- Manage the planning, budgeting, scope, execution and delivery of global audits of the CSG Credit Risk Management or Counterparty Credit risk Management (CRO) functions
- Advise senior audit management of ongoing issues
- Lead the planning and scoping of special reviews and project Credit space
- Provide leadership to audit teams and to other groups within the IA Division on matters relating to areas of expertise
- Build Professional relationships with multiple client contacts (as delegated by Portfolio Director and VP), based on mutual understanding of needs and expectations, professional integrity, competence and trust
- Participate in IA Divisional and Bank initiatives or projects at the request of IA senior management
Qualifications for risk & audit manager
- Knowledge of computers including all current PC applications, remote access usage the HBCA and its Subsidiaries’ primary systems
- Minimum 2 years experience in lending in a commercial banking environment
- Demonstrates attributes of a strong team player with an ability to manage a team of audit professionals directly/indirectly including developing, training and coaching other team members
- Is goal oriented, highly motivated and willing to positively accept new challenges
- MUST have a minimum 2 years experience lending in a Commercial banking environment
- Strong credit and relationship management skills
2
Risk & Audit Manager Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of risk & audit manager. 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 risk & audit manager
- Draft audit findings and reports in a concise and coherent fashion
- Present audit deficiencies to the business management in accordance with divisional standards
- Work with business management to develop action plans for implementing processes and control changes where deficiencies are identified
- Prepare audit reports in accordance with IA Division standards for review and discussion with business management
- Participate in the development of skills and competencies of other audit staff
- Conducting internal audit assignments from beginning to completion
- Conducting interviews for audit aspects and perform inquires
- Identifying and documenting audit issues
- Development and construction of data analytics that support audits that critically assess management and internal control processes
- Supporting & enhancing data processes related to 3 Loan Review Applications used for documenting workpapers and reporting
Qualifications for risk & audit manager
- Experience with audit frameworks including ISO27001, SSAE16/SOC1, and their successful implementation
- Previously held a client facing role, preferably within Assurance - Risk Assurance, Core Assurance, CMAS or AIMS
- Professional qualifications (CIA, ACCA, CPA)
- Consultancy background (Big 4 preferred)
- Providing data for quarterly credit reporting for executive management
- Ensuring the nature, extent and timing of the analytics supporting audits are appropriately executed and contributing to the formulation of insightful audit findings and reports
3
Risk & Audit Manager Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of risk & audit manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk & audit manager
- You will have strong strategic, evaluative and consultative skills, and be able to educate key stakeholders and communicate the strategy internally and externally
- The ability to readily adapt to change and deliver on results
- Excellent communication skills and the ability to engage stakeholders at all levels
- Contribute to the development of a multi-year approach to the audit of Risk Management
- Contribute to the development of an annual Audit Plan, working with other audit groups as required, ensuring that audits conform to local and global regulatory and internal audit requirements
- Direct/supervise/implement the effective execution of the audit plan and perform effective audit practices for traditional and continuous audits
- Through in-depth understanding of the business including changes to the regulatory and business environments, develop audit programs to ensure effective control solutions are implemented
- Continually develop working relationship with business stakeholders to become a trusted advisor
- Proactively identify trends in risk and control issues to senior management on the results of ongoing reviews of the businesses
- Performing an independent risk focused review of the statutory accounts, group reporting and the underlying audit work
Qualifications for risk & audit manager
- Minimum of 5 years of financial services experience in the areas of internal audit, internal controls assessment, and/or Sarbanes-Oxley 404 evaluation and testing
- 5+ years of experience in a related role with a background in Business, Functional and People Management
- Broad and deep knowledge and experience of Market and/or Model Risk, Banking and Capital Markets is required
- Post-graduate / professional qualifications within a relevant field
- Data flow analysis (ERDs, Mapping, Tracing)
- Proficiency in a data analytics application, such as SAS, ACL, AQT, SQL, Python, MySQL, SYSSTAT, IDEA
4
Risk & Audit Manager Job Description
Job Description Example
Our company is searching for experienced candidates for the position of risk & audit manager. 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 risk & audit manager
- Challenging the engagement team on the appropriateness of and approach to identified audit risks
- Liaising with engagement teams on resolution of any issues
- Completion of GAAP compliance reviews of statutory accounts to ensure compliance with applicable accounting standards
- Holding constructive discussions, challenging senior members of the engagement team on the appropriateness of and approach to identified audit risks
- Liaising with engagement teams on resolution of any issues, including coordinating appropriate escalation of issues within the department
- Providing added value for engagement teams and the wider audit practice, supporting them in delivering the ‘distinctive client experience’ by collating insights and considering their wider communication throughout the firm
- Audit of holdings companies and small trading companies
- Undertaking other audit tasks to assist audit teams
- Review of tasks undertaken by other team members
- Perform assigned tasks within internal audit engagements
Qualifications for risk & audit manager
- Must hold a professional certification
- Lead and execute audits with a focus on the capital markets businesses
- Knowledge and experience of Risk, Modeling, and Capital Management requirements and processes
- Highly effective communication with all levels of the organization including senior management
- Comprehensive knowledge and understanding of both UK GAAP and IFRS
- Fully qualified ACA or ACCA
5
Risk & Audit Manager Job Description
Job Description Example
Our company is growing rapidly and is hiring for a risk & audit manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for risk & audit manager
- Assist in identification of internal control gaps and deficiencies, efficiency and effectiveness opportunities
- Assist in development of recommendations for improved and enhanced controls and business efficiencies to clients
- Apply internal audit standards in planning and execution of internal audit engagements
- Continuously identify and communicate improvement opportunities through audit efforts
- Manage the overall execution and completion of concurrently (typically two or more at a time) assigned audit projects on a timely basis
- Manage the audit focus onto key risks and ensure efficient & effective delivery with the highest quality, in compliance with professional standards and audit policies
- Review and interpret workpapers and analysis presented by team members and consistently draw the right conclusions
- Mentor & develop audit staff and act as a knowledge resource
- Effectively identify and communicate unusual and difficult problems to audit leadership
- Assess audit staff against established performance and leadership criteria
Qualifications for risk & audit manager
- Professional scepticism
- Masters’ degree in a quantitative field (Statistics, Mathematics, Engineering, Economics, Mathematical Finance) highly preferred
- Comprehensive/thorough knowledge and understanding of both UK GAAP and IFRS
- Post qualification experience in a similar accounting role
- Contribute to business development processes including research and analysis, writing and developing proposals working with the engagement lead to develop tailored project plans and work programs
- CPA, CIA and/or CISA designation(s) preferred