Risk management 'tops audit committee agendas'

There may be an increased demand for risk analyst jobs in the marketplace as a new survey reveals risk management is a vital issue for audit committees.

Research from professional services provider KPMG revealed risk management is at the top of the agenda for audit committees, with firms increasing their focus on company compensation structures.

Additionally, 54 per cent of committee members questioned said they are not very satisfied with their company's processes for identifying significant business risks.

Tim Copnell, head of KPMG's Audit Committee Institute in the UK, said: "Recession-related risks as well as the quality of the company's risk intelligence are two of the major oversight concerns for audit committee members"

He added that many said that companies also must improve their effectiveness in addressing risks resulting from their incentive compensation structure.

Earlier this week, KPMG published a report that revealed information security breaches in firms is often the result of difficulties with operational procedures, rather than limitations of technology.

Find Risk Analyst Jobs with Witan Jardine