Lead Auditor - VP, Financial Controls and Regulatory Reporting

Overview

The Lead Auditor (LA) conducts audit assignments from planning to report. This includes an assessment of the audited activity, the performance of tests, analysis and controls and the issuance of recommendations. The LA is responsible for the consistency and comprehensiveness of the audit deliverables and, under the supervision of the Risk and Finance Audit Supervisor and potentially the guidance of the global Finance Audit Partner, for drafting the debriefing presentation to management and the final report.

The LA usually may lead a team of several auditors in audit execution, including Fieldwork assigned to himself/herself.

The LA generally, but not exclusively, leads audit assignments that have a focus on Finance, accounting, regulatory reporting, or related controls. He/she provides support to other IGE Managers for assignments where financial control expert knowledge and competencies are needed. He/she monitors and validates the proper implementation of recommended corrective actions addressing these risks.

II – Conduct of assignment

The 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 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 Supervisor / Global Audit Lead or Supervisor / Head of Local Audit of any major control weaknesses 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 pertaining to the assigned areas of coverage

III – Management of a team during an assignment

• Define objectives and perform end of assignment assessment for the team allocated during an assignment
• Prepare assignment planning and allocate work streams by team member and manage projects/tasks/staff and budget resources efficiently
• Ensure collaborative and productive relationship within the team and a good coordination throughout the International Network and with auditees
• Contribute to the continuous improvement of the team, providing guidance and feedback to team members on the coverage subject matter

The Lead Auditor contributes to the continuous improvement of IGE methodologies and processes. As part of his/her responsibilities, he/she is expected to:

• Contribute to the on-going development of IGE’s knowledge and expertise of financial/accounting controls, auditing standards and best practices; attend industry or CA group events to keep abreast of relevant developments in financial control or regulatory reporting
• Contribute to the creation or update of methodologies and audit processes/guides in coordination with Methods & Support
• Conducts Continuous Monitoring of the responsible Auditable Objects and updates risk scores as necessary in liaison with the relevant Audit Supervisor
• Share any relevant information with the IGE Knowledge communities’ leaders and relevant Audit Partners
• Manage resources and schedule of the assignment to achieve the objectives of the audit plan
• Contribute to the preparation of the audit plan, in coordination with the local IGE leadership

At a minimum, the Lead Auditor must also complete within the defined timelines all annual required…