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 the systems operated within the Group.
• The Internal Audit Manager supports the Deputy CFO/Audit and the Regional Head of Internal Audit, who has overall regional responsibility for EFG International's internal audits and conducts systematic, independent reviews and assessments of 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 operational processes, and compliance with group and regulatory requirements (AML, KYC, etc.).
• The task also includes identifying control options within operational processes and determining factors related to control, as well as recommending solutions.

main responsibilities

Internal auditing 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 auditing standards as prescribed by the Institute of Internal Auditors.
• Compliance with EFG International regulations, including GID 90 1 001, "Internal Audit Reports and Management Follow-up," and the "Group Code of Conduct" in accordance with 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 making recommendations for improvements.
• Assessing potential risks to the bank's operations during the execution of audit engagements and updating the risk assessment for EFG International companies, where necessary.
• Ensuring that all significant risk activities receive adequate audit coverage.

Internal audit process

• Work on assigned audits in accordance with the annual audit plan submitted to the audit committee.
• Confirmation of compliance with the provisions and requirements of the EFG Internal Audit Manual.
• Introduction of a continuous monitoring approach, including regular communication with stakeholders.
• Assessment of the adequacy of controls established to ensure compliance with policies, plans, procedures, and business objectives.
• Evaluation of established procedures and systems and proposal of 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 the progress of planned audit tasks in a timely manner.
• Discuss 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 specified 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 audit working papers comply with ASD 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, including format,