## The Job Role of a Head of Risk & Assurance

In today's ever-changing business environment, companies face a wide range of risks that can impact their operations, reputation and bottom line. That's why many organizations now employ a Head of Risk & Assurance to manage these risks and ensure the company's long-term success.

### Roles and Responsibilities

A Head of Risk & Assurance is responsible for managing the company's overall risk profile. This includes identifying, assessing and prioritizing potential risks and developing strategies to mitigate them. They also work closely with other departments to ensure that risk management practices are integrated into all business activities.

In addition to risk management, a Head of Risk & Assurance is also responsible for ensuring that the company's internal controls are effective and efficient. This includes overseeing the development and implementation of policies and procedures to ensure compliance with regulations and industry standards.

### Qualifications and Skills

To become a Head of Risk & Assurance, it is typically necessary to have a degree in a relevant field such as business, finance or risk management. Many employers also require professional certifications such as the Certified Risk Management Professional (CRMP) or the Certified Internal Auditor (CIA).

In addition to formal qualifications, a Head of Risk & Assurance should have strong analytical and problem-solving skills, as well as excellent communication and interpersonal skills. They should also be able to work well under pressure and be comfortable making difficult decisions.

### Head of Risk & Assurance Salary in the UK

According to [salary data](https://www.glassdoor.co.uk/Salaries/head-of-risk-assurance-salary-SRCH_KO0,23.htm) from Glassdoor, the average salary for a Head of Risk & Assurance in the UK is £71,000 per year. However, this can vary depending on factors such as experience, qualifications and the company's size and industry.

### Head of Risk & Assurance Contract

A Head of Risk & Assurance can be employed on a permanent or contract basis. Contract roles can be a good option for those who prefer more flexibility or who are looking to gain experience across multiple industries or organizations.

### What Does a Head of Risk & Assurance Do?

As previously mentioned, a Head of Risk & Assurance is responsible for managing the overall risk profile of the company. This includes:

- Identifying and assessing potential risks

- Developing risk management strategies

- Ensuring compliance with regulations and industry standards

- Overseeing the development and implementation of internal controls

- Communicating risk management strategies to senior management and other stakeholders

### Common Abbreviations for a Head of Risk & Assurance

Some common abbreviations for a Head of Risk & Assurance include:

- HoRA

- Head of R&A

- Risk & Assurance Lead

- Risk & Compliance Manager

### What is Head of Risk & Assurance Job Description Sample?

A typical job description for a Head of Risk & Assurance might include:

- Developing and implementing risk management strategies

- Identifying and assessing potential risks

- Overseeing the development and implementation of internal controls

- Ensuring compliance with regulations and industry standards

- Communicating risk management strategies to senior management and other stakeholders

- Managing a team of risk and compliance professionals

## Conclusion

A Head of Risk & Assurance plays a critical role in managing risks and ensuring the long-term success of an organization. This requires a combination of formal qualifications, analytical skills, and excellent communication and interpersonal skills. With the right education, experience and certifications, a career as a Head of Risk & Assurance can be both challenging and rewarding.

Head of Risk & Assurance

Highest paying Head of Risk & Assurance jobs in the UK

Discover the roles, responsibilities, qualifications, and skills required for a Head of Risk & Assurance. Learn about the salary, contracts and common abbreviations for this key position in the UK.

Highest Paying Jobs.co.uk

Head of Risk & Assurance average salary in the UK in 2026

Discover the average salary for the role of Head of Risk & Assurance

What is the role of a Head of Risk & Assurance in the UK?

Timeframe

Timeframe