Risk & Internal Audit Manager Position Description Template

If you follow this format, you won't go too far wrong. This should offer you a good base template. Please add additional information as needed. 

Risk & Internal Audit Manager

About (Company Name):
We are a leading company in the [industry/sector], with a growing team of over [number of employees] dedicated to providing innovative solutions to our clients. Our success is built on continuous innovation, an agile business model, and a commitment to maintaining the highest standards of corporate governance. As we continue to grow, we are seeking a highly skilled Risk & Internal Audit Manager to ensure robust risk management practices and internal control systems across the organisation.

Position Overview:
The Risk & Internal Audit Manager will play a pivotal role in identifying, assessing, and managing risks across the organisation. You will be responsible for leading internal audits, evaluating the effectiveness of internal controls, and ensuring compliance with industry regulations. This role is ideal for someone with strong analytical skills, an eye for detail, and a commitment to safeguarding the company’s assets and reputation.

Key Responsibilities:

• Risk Management:
  Identify, assess, and manage the company’s key risks, including financial, operational, compliance, and strategic risks. Develop and implement risk mitigation strategies and monitor risk levels across the organisation.
• Internal Audit:
  Lead the internal audit function by planning, executing, and reporting on audits of financial, operational, and compliance processes. Ensure audits are completed on time and in line with regulatory requirements and internal standards.
• Internal Controls:
  Evaluate the effectiveness of internal controls and recommend improvements to ensure the company’s assets are protected and operations are efficient. Regularly review and update control frameworks to reflect changes in the business environment.
• Compliance Monitoring:
  Ensure compliance with relevant laws, regulations, and industry standards. Conduct compliance audits and advise management on areas requiring improvement or adjustment.
• Audit Reporting:
  Prepare detailed audit reports and present findings to senior management. Provide clear recommendations for addressing control weaknesses, managing risks, and improving operational efficiency.
• Fraud Prevention & Detection:
  Monitor the organisation for signs of fraud or misconduct. Conduct investigations as necessary, working with management to implement fraud prevention programs.
• Stakeholder Collaboration:
  Work closely with department heads and senior management to communicate risks, audit findings, and recommendations. Provide guidance on implementing corrective actions and monitor progress on follow-up audits.
• Process Improvement:
  Continuously seek opportunities to improve audit processes, risk management practices, and control systems. Stay up to date with industry trends and regulatory changes, implementing best practices within the organisation.

Qualifications:

• CPA, CA, ACCA, CIMA or CISA qualification preferred.
• Minimum of 5 years of experience in risk management, internal audit, or a related role.
• Strong knowledge of risk management frameworks, audit methodologies, and internal control standards.
• Excellent analytical and problem-solving skills, with a high level of attention to detail.
• Strong communication skills, with the ability to present findings and recommendations to senior management and stakeholders.
• Experience in [specific sector] preferred but not essential.

Why Us?
We offer a collaborative and dynamic work environment that values innovation, rewards performance, and encourages professional development. As our Risk & Internal Audit Manager, you will play a critical role in safeguarding the company’s financial health and operational integrity, working on high-impact projects and advancing your career within a fast-paced, growing company.