Senior Auditor

Summary of the position

The Senior Auditor performs, under the supervision of a Lead Auditor, preliminary assessments of the audited activity and its internal control framework. He/she performs independent testing and analysis on specific controls in order to meet the audit’s objectives. He/she also contributes to drafting the debriefing presentation and the final report sent to Management.

Depending on the assignment, Senior Auditors may directly supervise one or more junior auditors and may act as deputy to the Lead Auditor.

The Audit Associate, under the supervision of a Lead Auditor, performs assessments of the 1st (adherence) and 2nd line (advisory and testing) BSA/AML internal control framework. He/she performs independent testing and analysis on specific controls in order to meet the audit’s objectives. He/she also contributes to drafting the debriefing presentation and the final report sent to Management.

Key Responsibilities:

The Audit Associate is expected to work independently under minimum supervision, provide appropriate effective challenge of the control environment, and manage his/her time to meet all deliverable dates to keep the audit plan on schedule.

I – Conduct of assignment

The Audit Associate is responsible for carrying out audit work as assigned by the Lead Auditor within the defined timeframes in accordance with IGE methodology and procedures and Internal Audit standards. Audit work includes continuous monitoring, formal audit coverage, and at times may include regulatory issue validation testing:

• Independently carry out audit planning and fieldwork of audit coverage, including:
• A preliminary assessment of the audited activity highlighting the related risks and controls
• Interviews, testing and analysis of the results of the controls planned in the audit program
• Documented awareness of the regulatory requirements, impacts, and/or expectations pertaining to coverage area(s).
• Provide comprehensive documentation in test sheets the controls performed and conclusions reached
• Identify and report on strengths and weaknesses of the audited areas, analyze the root causes and risk impact of the identified weaknesses, develop remediation and recommendations to address the audit findings and conclude on the effectiveness of the control set-up and business practices
• Maintain open communication with auditees during coverage to prevent confusion or surprises, including documenting issues and identifying owners during the audit
• Present audit conclusions to IGE management and to the management of the audited unit (debriefing presentation, final audit report, etc.)
• Keep the Lead Auditor in charge of the assignment/ Local Head of Audit informed of the progress on the audit work assigned, and escalate any issues that may impact or delay the audit’s execution, or raise any other relevant information on the assigned audit and the risk and control environment
• Conduct recommendations follow-ups through the monitoring of remediation status and corrective actions taken by Management prior to closing any recommendations
• Properly archive of any supporting documentation, audit evidence and deliverables in the designated IGE tools.

II – Team management

On some engagements the Audit Associate may be asked to assist more junior team members or external resources by providing:

• Guidance on audit techniques and expected deliverables
• Feedback on documentation and conclusions of test results and findings
• Assistance in developing collaborative and productive relationships within the team with close coordination throughout the International Network and with auditees

III – IGE Continuous improvement Program / Transversal topics

The Audit Associate contributes to the continuous improvement of IGE methodologies and processes. In addition to the audit responsibilities, she/he can be requested to:

• Provide input to update audit guides, scorecards or training materials related to specific activities based on existing knowledge, documentation, interviews, etc.
• Participate in one or several knowledge communities within IGE

The Audit Associate should be current on banking and BSA/AML matters and must always seek training to maintain sufficient knowledge of the audited area. She/he must complete all the mandatory trainings within the defined timelines.

Management and Reporting

Direct reporting line to the Compliance Supervisor or Lead Auditor

During an assignment, the Audit Associate may also report to a global Audit Lead in charge of the assignment

Key Internal contacts

Auditees (2nd line CACIB Compliance and CUSO Compliance, Compliance Monitoring), other control functions

Key External contacts

The Audit Associate may be asked to work with co-source resources on engagements

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.

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.

KNOWLEDGE AND SKILLS

Qualifications/Education Required:

• Bachelor or Masters’ degree in accounting, business, finance, engineering or related field
• Industry recognized certification (CPA, CIA, CISA, ACAMS)

Experience Required:

• 2-5 year experience in audit (internal / external) or banking organization
• Basic control function or audit experience in one or more of the following fields
• BSA/AML Compliance
• International Sanctions
• Trade Finance / Correspondent Banking or any other area exposed to Financial Security risks

Desirable:

• Previous experience in a bank
• Professional Accountancy/Auditing/Banking qualifications and/or certification (CAMS AML or CGSS).

Competencies Required:

• Analytical skills
• Organization
• Verbal and written communication skills
• Ability to work autonomously under deliverable timelines
• Team spirit
• Proficiency in Word, Excel and PowerPoint
• Fluent in English
• Relationship management
• Ability to work in multi-disciplinary and multicultural teams
• Basic French (desirable)

Skills & Knowledge Requirements:

• Auditing techniques
• Understanding of the risks generated by banking / securities activities
• Understanding of Capital Markets and Financing activities, products, processes, controls and risks (desirable)