Risk Assurance Associate

Roles and responsibilities

At PwC, our people in audit and assurance focus on providing independent and objective assessments of financial statements, internal controls, and other assurable information enhancing the credibility and reliability of this information with a variety of stakeholders. They evaluate compliance with regulations including assessing governance and risk management processes and related controls.

Those in internal audit at PwC help build, optimise and deliver end-to-end internal audit services to clients in all industries. This includes IA function setup and transformation, co-sourcing, outsourcing and managed services, using AI and other risk technology and delivery models. IA capabilities are combined with other industry and technical expertise, in areas like cyber, forensics and compliance, to address the full spectrum of risks. This helps organisations to harness the power of IA to help the organisation protect value and navigate disruption, and obtain confidence to take risks to power growth.

Growing as a strategic advisor, you leverage your influence, expertise, and network to deliver quality results. You motivate and coach others, coming together to solve complex problems. As you increase in autonomy, you apply sound judgment, recognising when to take action and when to escalate. You are expected to solve through complexity, ask thoughtful questions, and clearly communicate how things fit together. Your ability to develop and sustain high performing, diverse, and inclusive teams, and your commitment to excellence, contributes to the success of our Firm.

Skills

Examples of the skills, knowledge, and experiences you need to lead and deliver value at this level include but are not limited to:

• Craft and convey clear, impactful and engaging messages that tell a holistic story.
• Apply systems thinking to identify underlying problems and/or opportunities.
• Validate outcomes with clients, share alternative perspectives, and act on client feedback.
• Direct the team through complexity, demonstrating composure through ambiguous, challenging and uncertain situations.
• Deepen and evolve your expertise with a focus on staying relevant.
• Initiate open and honest coaching conversations at all levels.
• Make difficult decisions and take action to resolve issues hindering team effectiveness.
• Model and reinforce professional and technical standards (e.g. refer to specific PwC tax and audit guidance), the Firm's code of conduct, and independence requirements.

Desired candidate profile

Risk Identification and Assessment
Conduct Risk Assessments: Lead the identification, assessment, and analysis of business risks (e.g., financial, operational, regulatory) to determine potential impacts on the organization.
Risk Mapping: Create risk maps that outline and categorize risks based on their likelihood and potential impact on the organization’s objectives.
Evaluate Risk Exposure: Regularly evaluate the organization’s exposure to different types of risks, and recommend strategies for mitigating potential threats to the business.
Risk Mitigation and Control
Develop Risk Mitigation Plans: Develop and implement strategies to mitigate identified risks, ensuring that appropriate controls and processes are in place to reduce the potential for negative outcomes.
Monitor Control Effectiveness: Regularly review and monitor the effectiveness of risk mitigation controls, and make adjustments as necessary to address emerging risks or gaps in the current risk management framework.
Recommend Improvements: Provide actionable recommendations to management for strengthening internal controls and improving risk management processes.
Compliance and Regulatory Assurance
Ensure Regulatory Compliance: Ensure that the organization complies with all applicable laws, regulations, and standards (e.g., SOX, GDPR, industry-specific regulations) to mitigate legal and compliance risks.
Internal Audits: Oversee or coordinate internal audits to assess the organization’s adherence to regulatory requirements, internal policies, and industry best practices.
Manage Regulatory Reporting: Prepare and manage the submission of regulatory reports, ensuring accurate and timely reporting to relevant authorities.