Risk Assurance Manager Job Description [Updated for 2025]

In today’s world, where risks are ever-present and continuously evolving, the role of a Risk Assurance Manager is more crucial than ever.

As we navigate through an increasingly complex landscape of financial and non-financial risks, the demand for professionals who can manage, control, and ensure the integrity of risk management processes heightens.

But what exactly is expected of a Risk Assurance Manager?

Whether you are:

• A job seeker wanting to understand the intricacies of this role,
• A hiring manager in the process of defining the perfect candidate,
• Or simply curious about the field of risk assurance,

You’ve come to the right place.

Today, we are presenting a customizable Risk Assurance Manager job description template, designed for seamless integration onto job boards or career websites.

Let’s dive right in.

Risk Assurance Manager Duties and Responsibilities

Risk Assurance Managers play a crucial role in identifying, evaluating, and mitigating risks that might affect the performance and productivity of a company.

They are also responsible for ensuring compliance with relevant industry regulations and standards.

Their duties and responsibilities include:

• Developing and implementing risk management strategies and processes
• Evaluating potential risks and liabilities to mitigate any impact on the company
• Performing regular risk assessments to understand the level and trends of risk exposure
• Ensuring compliance with industry-specific regulations and standards
• Providing support and guidance to the team on risk-related matters
• Creating reports that detail risk assessment findings and proposals for improvement
• Interacting with auditors to carry out risk-related audits
• Training staff on risk management and compliance procedures
• Developing and maintaining risk management software and databases

 

Risk Assurance Manager Job Description Template

Job Brief

We are seeking a skilled and experienced Risk Assurance Manager to lead our risk assurance team.

The successful candidate will be responsible for identifying potential risks, implementing strategies to mitigate them, and ensuring compliance with regulatory requirements.

Risk Assurance Manager duties include developing risk management strategies, conducting risk assessment, leading risk assurance audits, and preparing risk assurance reports.

Our ideal candidate is knowledgeable about risk management principles, industry regulations, and has a strong background in audit and assurance.

 

Responsibilities

• Designing and implementing comprehensive risk management strategies
• Conducting detailed risk assessments and audits
• Preparing and presenting risk assurance reports to senior management
• Managing the risk assurance team and providing guidance and training
• Ensuring compliance with regulatory requirements and industry standards
• Collaborating with different departments to address potential risks
• Monitoring and evaluating the effectiveness of risk mitigation strategies
• Keeping up to date with industry trends and regulations

 

Qualifications

• Proven experience as a Risk Assurance Manager or a similar role in risk management
• Thorough knowledge of risk management principles and regulations
• Experience in conducting audits and preparing reports
• Strong analytical and problem-solving skills
• Excellent leadership and team management abilities
• Proficiency in risk management software
• Excellent communication and presentation skills
• BSc/BA in Business, Finance, Risk Management, or relevant field. MSc/MA would be a plus

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Risk Assurance Manager
• Work Environment: Office setting with options for remote work. Travel may be required for site assessments or meetings with regulatory bodies.
• Reporting Structure: Reports to the Director of Risk Management.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $85,000 minimum to $150,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Risk Assurance Manager Do?

Risk Assurance Managers typically work in various industries including finance, technology, and consulting services.

They can also work as independent consultants or as part of assurance firms.

Their primary role is to identify and manage potential risks that could hinder the reputation, safety, security, or financial success of their organization.

They work closely with other executives and department heads to formulate strategic plans that minimize risks and optimize operational efficiency.

Risk Assurance Managers are responsible for conducting and coordinating audits of company operations to assess the effectiveness of management controls, accuracy of financial records, and compliance with state and federal laws and regulations.

They often perform complex analysis of business processes, financials and operations to provide assurance that controls in place are adequate to mitigate risk.

They also review and provide feedback on company policies and procedures, suggesting improvements where necessary.

Risk Assurance Managers play a crucial role in crisis management and contingency planning, ensuring that in the event of an emergency or business disruption, appropriate measures are in place to minimize impact and ensure the quick resumption of business activities.

Furthermore, they are responsible for the development and implementation of risk management systems, as well as coordinating training programs to enhance employees’ awareness and knowledge of compliance and risk management.

Their role also involves regular reporting to senior management on risk assessment results and proposing changes as needed.

 

Risk Assurance Manager Qualifications and Skills

A proficient Risk Assurance Manager should have the skills and qualifications that match your job requirements, including:

• Strong analytical skills to identify, assess and manage potential risks that could hinder the achievement of a firm’s goals.
• Excellent communication skills to effectively communicate risk reports to stakeholders, including both oral and written presentation skills.
• A deep understanding of risk management methodologies and models, as well as the ability to apply them in various business scenarios.
• Exceptional leadership skills to manage and guide the risk assurance team towards achieving company objectives.
• Detail-oriented approach and the ability to prioritize tasks, in order to ensure that all areas of risk are scrutinized and addressed in a timely manner.
• Ability to stay updated with latest risk management trends, regulatory guidelines, and industry practices.
• Strong decision-making skills and the ability to make tough decisions under pressure.
• Experience in using risk management software and tools to analyze and interpret data.
• A bachelor’s degree in Business, Finance or a related field, along with relevant work experience in risk management. Professional certifications such as Certified in Risk and Information Systems Control (CRISC) or other similar qualifications are highly desirable.

 

Risk Assurance Manager Experience Requirements

Risk Assurance Managers typically have a minimum of 5 to 7 years of experience in risk management, internal auditing, or a related field, often in roles such as Risk Analyst, Audit Associate, or Compliance Specialist.

They usually have a strong understanding of risk management principles and practices, often gained through work experiences.

In addition to their technical skills, these professionals are expected to have strong analytical and problem-solving skills, and a deep understanding of regulatory compliance.

Those with more than 5 years of experience have often had exposure to the managerial aspects of risk assurance, including leading teams, coordinating audits, and developing risk management strategies.

Candidates with more than 7 years of experience are typically highly knowledgeable in their industry and have a proven track record of identifying, assessing, and mitigating risks.

These professionals are often ready for leadership roles and should have experience managing cross-functional teams.

In addition to the mentioned experience, Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA) certifications are usually preferred and can add to the credibility of a potential Risk Assurance Manager.

 

Risk Assurance Manager Education and Training Requirements

Risk Assurance Managers typically hold a bachelor’s degree in a field such as finance, business, accounting, or a related field.

They are required to have a strong background in risk management and assurance, internal audit, and business control processes.

Knowledge of IT and cybersecurity risks is also crucial.

Many positions require a professional certification such as Certified Internal Auditor (CIA) or Certified Public Accountant (CPA).

Certification in Information Systems Auditor (CISA) or Certified in Risk and Information Systems Control (CRISC) may also be beneficial, especially for roles involving IT risk management.

Certain roles may require a master’s degree in business administration, finance, or a related field, particularly those with more strategic responsibilities or in larger organizations.

Experience in the field of risk management and assurance is often crucial, with many roles requiring several years of experience in a relevant position.

Continuous professional development is important in this field due to changes in regulations, standards, and best practices.

Therefore, Risk Assurance Managers are often expected to commit to ongoing learning and professional development.

 

Risk Assurance Manager Salary Expectations

A Risk Assurance Manager typically earns an average salary of $105,000 (USD) per year.

However, the actual salary can differ based on factors such as the level of experience, industry-specific knowledge, geographical location, and the size and type of the employing organization.

 

Risk Assurance Manager Job Description FAQs

What skills does a Risk Assurance Manager need?

Risk Assurance Managers should have strong analytical and problem-solving skills to identify and evaluate risks.

They should also have excellent communication skills to relay complex information to a non-specialist audience.

They must be proficient in risk management software and have a deep understanding of industry regulations and standards.

Leadership and team management skills are also critical.

 

Do Risk Assurance Managers need a degree?

Yes, Risk Assurance Managers typically need a bachelor’s degree in finance, business, or a related field.

Many employers prefer candidates with a master’s degree and/or professional certifications like Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA).

 

What should you look for in a Risk Assurance Manager resume?

The resume should reflect strong experience in risk management, internal audits, and compliance.

Professional certifications such as CIA, CISA, or Certified Risk and Compliance Management Professional (CRCMP) are also highly desirable.

Additionally, the candidate should have knowledge of various industry regulations and standards, along with experience in leadership roles.

 

What qualities make a good Risk Assurance Manager?

A good Risk Assurance Manager has a strategic mindset and can identify potential risks that might affect the company’s goals.

They should be detail-oriented and have strong analytical skills to evaluate complex data.

A good Risk Assurance Manager is also a strong communicator, capable of explaining intricate concepts in an understandable way.

They must be ethical and have strong decision-making abilities.

 

Is it challenging to hire a Risk Assurance Manager?

Finding qualified candidates for a Risk Assurance Manager role can be a challenging task due to the specialized nature of the position.

It requires a specific skill set, extensive experience, and often professional certification.

Therefore, it’s crucial to offer competitive salary packages and career development opportunities to attract qualified candidates.

 

Conclusion

And there you have it.

Today, we’ve delved into the intricate world of being a Risk Assurance Manager.

Surprise, surprise!

It’s not just about crunching numbers.

It’s about paving the way for a secure business future, one risk assessment at a time.

With our handy Risk Assurance Manager job description template and real-world examples, you’re fully prepared to make your mark.

But don’t just stop there.

Go beyond the surface with our job description generator. It’s your stepping stone to creating precise job listings or refining your resume to stand out.

Always remember:

Every risk assessed is a step towards a more secure business future.

Let’s secure that future. Together.

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