Risk Base Audit Specialist

Job Summary:

The Risk-Based Audit Specialist will play a key role in identifying, assessing, and mitigating risks across the organization. This position will require a strong understanding of risk management principles, auditing standards, and internal controls. The successful candidate will have excellent analytical, communication, and project management skills.

Key Responsibilities:

• Risk Assessment: Identify, assess, and prioritize risks across the organization, including operational, financial, compliance, and strategic risks.
• Audit Planning: Develop and execute comprehensive audit plans, including risk-based audit procedures, to ensure effective coverage of high-risk areas.
• Audit Execution: Conduct risk-based audits, including testing internal controls, evaluating risk mitigation strategies, and identifying areas for improvement.
• Reporting and Recommendations: Prepare clear, concise, and actionable audit reports, including recommendations for risk mitigation and control improvements.
• Follow-up and Verification: Verify implementation of audit recommendations and assess effectiveness of risk mitigation strategies.
• Risk Management Framework: Maintain and update the organization's risk management framework, including risk assessment methodologies and risk mitigation strategies.
• Collaboration and Communication: Collaborate with internal stakeholders, including management, internal audit teams, and external auditors, to ensure effective risk management and audit coverage.
• Professional Development: Stay up-to-date with industry trends, auditing standards, and risk management best practices, and apply this knowledge to improve audit processes and risk management strategies.
  
  
  

Requirements:

• Bachelor's degree in Accounting, Finance, Business Administration, or related field; professional certifications like CPA, CIA, CISA, or CRMA are preferred.
• Minimum 3-5 years of experience in internal auditing, risk management, or a related field.
• Strong knowledge of risk management principles, auditing standards, and internal controls; excellent analytical, communication, and project management skills.
• Professional certifications like CPA, CIA, CISA, or CRMA are preferred.