Lead Auditor - Regulatory Compliance

Summary of the position 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 - 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 Required: Bachelor or Masters' degree in accounting, business, finance, engineering, economics or related field (or relevant experience) 6 to 10 years of experience in audit or relevant control environment Preferred: Certification (e.g. CFA, CPA, CIA) Strong knowledge of bank and broker dealer operations Series 99