Risk & Audit Manager Job Description
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:
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:
Desired experience for risk & audit manager includes:
Risk & Audit Manager Examples
Risk & Audit Manager Job Description
- 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
- 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
Risk & Audit Manager Job Description
- 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
- 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
Risk & Audit Manager Job Description
- 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
- 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
Risk & Audit Manager Job Description
- 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
- 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
Risk & Audit Manager Job Description
- 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
- 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