Summary of the position
Summary
The Lead Auditor conducts audit assignments primarily in 2nd line corporate regulatory compliance from planning to issuance of the final report. This includes an assessment of the audited activity, the performance of tests, analysis and controls and the issuance of recommendations. He/she is responsible for the timeliness and comprehensiveness of the audit deliverables under the supervision of the Local Head of Audit or an Audit Supervisor. He/She is accountable for maintaining open communication with stakeholders, and drafting the management debriefing presentation and final report. He/she usually leads a team of several auditors. In most audits he/she also executes control sections of the audit.
He/she generally, but not exclusively, leads audit assignments that have a focus corporate compliance and regulatory requirements. He/she provides support to other IGE Managers for assignments where regulatory compliance expertise is needed. He/she monitors and validates the implementation of recommended corrective actions identified in audit or regulatory coverage.
Key Responsibilities
II – Conduct of assignment
The Lead Auditor conducts audit assignments from planning to issuance of the final report. This includes the following responsibilities:
- Assess the risks of the audited activities and to validate the related control environment for its design and operating effectiveness
- Review and challenge the processes and controls in view of their respective purpose and mandates as well as the related risks, relying on fact based and documented audit works
- Verify the audited unit’s compliance with internal policies and procedures and the applicable laws and regulations
- Monitor the fieldwork carried out by the team and to adjust the fields of audit to the risks identified,
- Maintain close communication with the IGE and stakeholder management on audit progress following the pre-set timeframe
- Notify immediately the Audit Manager / Regional Supervisor / Head of Local Audit of any major control weaknesses (reputational, regulatory, compliance, etc.) identified during the audit review and comply with any escalation policy in the bank
- Manage and organize interviews, debriefing meetings of conclusions with Management impacted by the audit
- Follow up, review and finalize with Management on response to the draft audit report and prepare for the final audit report publication
- Document, communicate, and memorialize audit deliverables are in adherence to the IGE/IGL Methodologies as per the Audit Charter
- Monitor and maintain assigned Auditable Objects (AO) pertaining to the assigned areas of coverage
III – Management of a team during an assignment
- Define objectives and perform end of assignment assessment for the team allocated during an assignment
- Prepare assignment planning and allocate work streams by team member and manage projects/tasks/staff and budget resources efficiently
- Ensure collaborative and productive relationship within the team and a good coordination throughout the International Network and with auditees
- Contribute to the continuous improvement of the team, providing guidance and feedback to team members on the coverage subject matter
IV – IGE Continuous Improvement Program / Transversal topics
The Lead Auditor contributes to the continuous improvement of IGE methodologies and processes. As part of his/her responsibilities, he/she can be requested to:
- Contribute to the on-going development of IGE’s knowledge and expertise regulatory guidelines, requirements, or expectations; attend industry or CA group events to keep abreast of relevant developments in second line compliance advisory and testing.
- Contribute to the creation or update of methodologies and audit processes/guides through iterative dialogue with Methods & Support
- Update Auditable Items scorecards in liaison with the relevant Audit Manager
- Share any relevant information with the IGE Knowledge communities’ leaders and relevant Audit Partners
- Manage resources and schedule of the assignment to achieve the objectives of the audit plan
- Contribute to the preparation of the audit plan, in coordination with the local IGE leadership
At a minimum, the Lead Auditor must also complete within the defined timelines all annual required training on banking and regulatory matters to maintain a sufficient knowledge of the audited area for which she/he is responsible.
Management and Reporting
Key Internal contacts
Key External contacts
Role specific requirements
Reporting lines - Head of IGE – Americas, IGE Global Head of Methods and Support
Main internal contacts - IGE US staff, IGE Methods and Support team
Main external contacts – Faces off with external regulators
Education: Bachelor or Masters’ degree in accounting, business, finance, engineering, economics or related field (or relevant experience); Certification (e.g. CFA, CPA, CIA) a plus
Experience:
Role specific requirements
This role may require business travels in any relevant locations to conduct the assigned audits, for periods up to several consecutive weeks.
Lead Auditors must comply with the CACIB Audit Charter, in particular the five fundamental ethical principles (integrity, objectivity, confidentiality, expertise, and transparency) and all other locally applicable regulations.
Before or after an assignment, Lead Auditors shall have no direct operational responsibility or authority over any of the activities under review. They shall not develop systems or procedures, prepare records or engage in any activity, which belongs to the auditable perimeter.
Competencies Required
Organization, efficiency, results-driven, analytical skills
Project management (e.g. work organization, time planning, feedback, communication)
Verbal and written communication
Autonomy and Leadership
Self-confidence, ability to defend own findings and conclusions, ability to cope with stress
Accuracy and reliability
Fluent in English
Competencies Desired
Relationship management
Capacity to cooperate
Ability to work across disciplines and cultures
Basic French
Skills & Knowledge Requirements
Knowledge of the principles, practices and techniques of auditing
Demonstrated ability to gather, analyze facts, and prepare and present concise reports
Knowledge of organization and activities of the Bank,
Ability to lead a group or work as part of a group to accomplish shared goals
Skills & Knowledge Desirables
Any specific skills knowledge in using core IT systems of the Bank (understanding of the data production, analysis of the results)
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