Vice President, Lead Auditor - Regulatory Compliance

Summary of the positionThe 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. Heshe is responsible for the timeliness and comprehensiveness of the audit deliverables under the supervision of the Local Head of Audit or an Audit Supervisor. HeShe is accountable for maintaining open communication with stakeholders, and drafting the management debriefing presentation and final report. Heshe usually leads a team of several auditors. In most audits heshe also executes control sections of the audit.Heshe generally, but not exclusively, leads audit assignments that have a focus corporate compliance and regulatory requirements. Heshe provides support to other IGE Managers for assignments where regulatory compliance expertise is needed. Heshe monitors and validates the implementation of recommended corrective actions identified in audit or regulatory coverage.Key Responsibilities II - Conduct of assignmentThe 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 effectivenessReview 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 worksVerify the audited unit's compliance with internal policies and procedures and the applicable laws and regulationsMonitor the fieldwork carried out by the team and to adjust the fields of audit to the risks identifiedMaintain close communication with the IGE and stakeholder management on audit progress following the pre-set timeframeNotify 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 bankManage and organize interviews, debriefing meetings of conclusions with Management impacted by the auditFollow up, review and finalize with Management on response to the draft audit report and prepare for the final audit report publicationDocument, communicate, and memorialize audit deliverables are in adherence to the IGEIGL Methodologies as per the Audit CharterMonitor and maintain assigned Auditable Objects (AO) pertaining to the assigned areas of coverageIII - Management of a team during an assignmentDefine objectives and perform end of assignment assessment for the team allocated during an assignmentPrepare assignment planning and allocate work streams by team member and manage projectstasksstaff and budget resources efficientlyEnsure collaborative and productive relationship within the team and a good coordination throughout the International Network and with auditeesContribute to the continuous improvement of the team, providing guidance and feedback to team members on the coverage subject matterIII - IGE Continuous Improvement Program Transversal topicsThe Lead Auditor contributes to the continuous improvement of IGE methodologies and processes. As part of hisher responsibilities, heshe 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 processesguides through iterative dialogue with Methods & SupportUpdate Auditable Items scorecards in liaison with the relevant Audit ManagerShare any relevant information with the IGE Knowledge communities' leaders and relevant Audit PartnersManage resources and schedule of the assignment to achieve the objectives of the audit planContribute to the preparation of the audit plan, in coordination with the local IGE leadershipAt 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 shehe is responsible.Management and Reporting Direct reporting line to Regulatory Compliance, BSAAMLSanctions Audit DirectorDuring an assignment, the Lead Auditor may also report to a global supervisor in charge of the assignment.Key Internal contacts Auditees (2nd line CACIB Compliance and CUSO Compliance), other control functionsKey External contacts The Audit Lead may be asked to coordinate co-source resources on engagements or provide support for regulator interactionsRole specific requirementsThis 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.QualificationsEducation RequiredBachelor or Masters' degree in accounting, business, finance, engineering, economics or related field (or relevant experience)Certification (e.g. CFA, CPA, CIA)Experience Required6 to 10 years of experience in audit or relevant control environmentRegulatory compliance experience and backgroundExperience with remediations preferredStrong knowledge of bank and broker dealer operationsApproved Person RegistrationSeries 99 preferredCompetencies RequiredOrganization, efficiency, results-driven, analytical skillsProject management (e.g. work organization, time planning, feedback, communication)Verbal and written communicationAutonomy and LeadershipSelf-confidence, ability to defend own findings and conclusions, ability to cope with stressAccuracy and reliabilityFluent in EnglishRelationship managementCapacity to cooperateAbility to work across disciplines and culturesBasic French preferredSkills & Knowledge RequirementsKnowledge of the principles, practices and techniques of auditingDemonstrated ability to gather, analyse facts, and prepare and present concise reportsKnowledge of organization and activities of the Bank,Ability to lead a group or work as part of a group to accomplish shared goalsAny specific skills knowledge in using core IT systems of the Bank (understanding of the data production, analysis of the results) - desirable

Created: 2024-11-02