Job description

Summary of the position:

The Lead Auditor conducts audit assignments from planning to reporting. This includes an assessment of the audited activity, the performance of tests, analysis and controls and the issuance of recommendations. The person is responsible for the consistency and comprehensiveness of the audit deliverables and, under the supervision of the Risk Management Audit Supervisor and the Local Team Leader, for drafting the debriefing presentation to management and the final report. The person usually may lead a team of several auditors. The person will also perform some controls.

The person generally, but not exclusively, supervises audit assignments that have a focus on model risks. The person provides support to other IGE Managers for assignments where model risks expert knowledge and competencies are needed. The person monitors the proper implementation of recommended corrective actions addressing these risks.

Key Responsibilities:

 
Conduct of assignment

- To assess the risks of the audited activities and to validate the related control environment for its design and operating effectiveness

- To 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

- To verify the audited unit’s compliance with internal policies and procedures and the applicable laws and regulations

- To monitor the fieldwork carried out by the team and to adjust the fields of audit to the risks identified,

- To maintain close communication with the Audit Manager / Head of Local Audit/ Regional Supervisor on audit progress following the pre-set timeframe

- To 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

- To manage and organize interviews, debriefing meetings of conclusions with Management impacted by the audit

- To follow up, review and finalize with Management on response to the draft audit report and prepare for the final audit report publication

- To ensure that audit deliverables are in adherence to the IGE/IGL Methodologies as per the Audit Charter

IGE Continuous Improvement Program / Transversal topics

- Contribute to the on-going development of IGE’s knowledge and expertise on model risks, including regulations and guidelines (regulatory watch), auditing standards and best practices; attend industry or CA group events to keep abreast of relevant developments in capital markets and market risk management
- Proactively monitor the evolution of relevant strategies, projects, policies and procedures, changes in organisation, process and/or systems implemented in the CA group and in CACIB to manage and mitigate model risks
- Nurture and disseminate model risks understanding and relevant knowledge among auditors

Complément

IGE Continuous Improvement Program / Transversal topics

- Contribute to the on-going development of IGE’s knowledge and expertise on model risks, including regulations and guidelines (regulatory watch), auditing standards and best practices; attend industry or CA group events to keep abreast of relevant developments in capital markets and market risk management
- Proactively monitor the evolution of relevant strategies, projects, policies and procedures, changes in organisation, process and/or systems implemented in the CA group and in CACIB to manage and mitigate model risks
- Nurture and disseminate model risks understanding and relevant knowledge among auditors within IGE; post contents into SynerGIA; contribute to the definition of their training programs and, if need be, deliver training sessions.
- Contribute to the creation or update of methodologies and audit processes/guides
- Build and share knowledge (e.g. through contributing to SynerGIA, delivering training or taking part in various Methods and Support workstreams or assignments)
- 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 budget of the assignment to achieve the objectives of the audit plan
- Contribute to the preparation of the audit plan, in coordination with the Audit Manager in charge