Internal Audit Manager

Job description

Tasks

• The main task of Internal Audit is to support the Executive Board and the Audit Committee by independently assessing the adequacy and effectiveness of the internal control framework and systems within the Group.
• The Internal Audit Manager supports the Deputy CFO/Audit and the Regional Head of Internal Audit, who assumes overall regional responsibility for auditing and evaluating internal control systems.
• The Audit Manager is responsible for assisting with the conduct of audits of EFG International companies and business units/locations.
• This includes assessing the effectiveness of internal controls, the efficiency of operating procedures, and compliance with group and regulatory requirements.
• The job also involves identifying control opportunities within operational processes and determining factors associated with control, as well as recommending solutions.

Main responsibilities

Internal audit standards

• Ensuring that EFG International's operations are conducted in accordance with the highest standards by providing an independent, objective audit function and offering advice on best practices.
• Ensuring that professional standards and the ASD methodology are applied when performing audit engagements.
• Compliance with global internal audit standards as prescribed by the Institute of Internal Auditors.
• Compliance with EFG International regulations, including GID 901 001; "Internal Audit Reports and Management Follow-up of Open Issues" and the "Group Business Code" as set out in POL 5 02 003.

Risk management

• Supporting EFG International in achieving its objectives by assessing the effectiveness of risk management, control, and governance processes and recommending improvements.
• Assessing potential risks to the bank's operations during the execution of audit engagements and updating the risk assessment for EFG International companies, if necessary.
• Ensuring that all significant risk activities are covered by appropriate testing.

Internal audit process

• Work on assigned examinations in accordance with the annual examination schedule submitted to the Examination Board.
• Confirmation of compliance with the provisions and requirements of the EFG Internal Audit Manual.
• Establishment of a continuous monitoring approach, including regular communication with stakeholders.
• Reviewing the adequacy of controls established to ensure compliance with policies, plans, procedures, and business objectives.
• Review established procedures and systems and propose improvements.
• Supporting and advising management on the proper management of risks that affect the bank's internal control system (ICS).
• Evaluation of the use of resources in terms of efficiency and effectiveness.
• Documentation and reporting on progress made on planned audit tasks in a timely manner.
• Discussing findings, recommendations, and the overall audit assessment with the Chief Auditor/Deputy Chief Auditor or Regional Head of Internal Audit prior to finalizing audit reports and distributing them to management.
• Ensuring that all audit objectives mentioned in the audit planning document are covered and that sufficient working papers are available to support the audit work performed.

quality assurance process

• Ensuring that the examination documents meet ASD's quality standards.
• Conducting quality assurance self-assessments after completion of the audit.
• Critical evaluation and editing of the audit report to ensure compliance with reporting standards.
• Supporting ASD in achieving satisfactory KPI performance levels.

Audit Coordinator