Lead Auditor, Markets & Operations

The Lead Auditor conducts audit assignments primarily in the corporate and investment banking (e.g. lending, structure finance, trading, operations) 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 on trading activity and/or operations (Financial Markets/Loan Operations/Cash & Payments Operations), corporate lending, structured product, derivatives. He/she provides support to other IGE Managers for assignments where first line expert knowledge and competencies are needed. He/she monitors and validates the implementation of recommended corrective actions identified in audit or regulatory coverage.

• 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