Senior Auditor, Associate - Regulatory Compliance (Non-AML)

Summary of the position

The IGE Senior Auditor of Regulatory Compliance (non-AML), under the guidance of a Lead Auditor, performs assessments of the 1st (adherence) and 2nd line (advisory and testing) Compliance internal control framework. He/she performs independent testing and analysis on specific controls in order to meet the audit's objectives, and documents design and effectiveness testing results in line with methodology requirements and Internal Audit Standards. He/she also contributes to drafting the debriefing presentation and the final report sent to Management.

Key Responsibilities

The IGE Senior Auditor 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 – Audit assignments and Continuous Monitoring

The Senior Auditor 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, 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 (debriefing presentation, final audit report, etc.)
• ? Keep the Lead Auditor 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 – IGE Continuous Improvement Program / Transversal topics

The Senior Auditor 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 IGE Senior Auditor should be current on banking and regulatory matters and 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 IGE Director

? During an assignment, the Senior Auditor may functionally report to a local or global Lead

Auditor 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 IGE Senior Auditor may be asked to coordinate 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.

Education - Essential

? Bachelor or post graduate degree in accounting, business, finance, engineering or relevant field

(or relevant experience

Education - Desirable

? Industry recognized certification (CPA, CIA, CISA, ACAMS)

Experience - Required

? 3 to 5 years of experience in internal audit covering regulatory compliance, or related internal

control function with awareness of financial services regulatory compliance

Experience - Desirable

? Working knowledge of SR 08-8

Competencies Required

? Curiosity and willingness to learn the financial services landscape and IGE methodology

? Analytical skills

? Organization

? Verbal & written communication skills

? Ability to work autonomously under deliverable timelines

? Team spirit

? Proficiency in Word, Excel and PowerPoint

? Fluent in English

Competencies Desirable

? Relationship management

? Ability to work in multi-disciplinary and multicultural teams

? Basic French

Skills & Knowledge Requirements

? Auditing techniques

? Understanding of the risks generated by banking / securities activities

Skills & Knowledge Desirables

? Understanding of financial services regulatory compliance