Audit Associate, Capital Markets and Operations

Summary

The Audit Associate performs, under the supervision of a Lead Auditor, assessments of the audited activity within the businesses and supporting operations for capital markets, structured finance, and corporate and investment banking. 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.

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.

Direct reporting line to the Lead Auditor or Supervisor responsible for Markets and Operations coverage. During an assignment, the Audit Associate may also report to a global supervisor in charge of the assignment.

Auditees (Trading Desks, Operations, Structured Finance, Corporate and Investment Banking, Compliance Monitoring), other control functions.

The Audit Associate may be asked to coordinate co‑source resources on engagements.

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.

$100K - $130K

The Audit Associate is responsible for carrying out audit work as assigned by the Lead Auditor within the defined time frames 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.
• Provide comprehensive documentation in test sheets the controls performed and conclusions reached.
• Identify and report on strengths and weaknesses of the audited areas, analyse 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.