Lead Auditor - Regulatory Compliance

Job description

Business type

Types of Jobs - General Inspection / Audit

Job title

Lead Auditor - Regulatory Compliance

Contract type

Permanent Contract

Job summary

Summary of the position

The Lead Auditor conducts audit assignments primarily in 2nd line corporate regulatory compliance from planning to issuance of the final report. This includes an assessment of the audited activity, the performance of tests, analysis and controls and the issuance of recommendations. He / she is responsible for the timeliness and comprehensiveness of the audit deliverables under the supervision of the Local Head of Audit or an Audit Supervisor. He / She is accountable for maintaining open communication with stakeholders, and drafting the management debriefing presentation and final report. He / she usually leads a team of several auditors. In most audits he / she also executes control sections of the audit.

He / she generally, but not exclusively, leads audit assignments that have a focus corporate compliance and regulatory requirements. He / she provides support to other IGE Managers for assignments where regulatory compliance expertise is needed. He / she monitors and validates the implementation of recommended corrective actions identified in audit or regulatory coverage.

Key Responsibilities

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 Manager / Regional Supervisor / Head of Local Audit of any major control weaknesses (reputational, regulatory, compliance, etc.) 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 (AO) pertaining to the assigned areas of coverage

Supplementary Information

III - Management of a team during an assignment

Salary Range : $150k-$185k

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Position location

Geographical area

America, United States Of America

City

NEW YORK

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

Required : Bachelor or Masters' degree in accounting, business, finance, engineering, economics or related field (or relevant experience)

6 to 10 years of experience in audit or relevant control environment

Preferred : Certification (e.g. CFA, CPA, CIA)

Strong knowledge of bank and broker dealer operations

Series 99

Experience

III - IGE Continuous Improvement Program / Transversal topics

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

Required skills

At a minimum, the Lead Auditor must also complete within the defined timelines all annual required training on banking and regulatory matters to maintain a sufficient knowledge of the audited area for which she / he is responsible.

Management and Reporting

Direct reporting line to Regulatory Compliance, BSA / AML / Sanctions Audit Director

During an assignment, the Lead Auditor may also report to a global supervisor in charge of the assignment

Key Internal contacts

Auditees (2nd line CACIB Compliance and CUSO Compliance), other control functions

Key External contacts

The Audit Lead may be asked to coordinate co-source resources on engagements or provide support for regulator interactions

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.

Lead 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.

Before or after an assignment, Lead Auditors shall have no direct operational responsibility or authority over any of the activities under review. They shall not develop systems or procedures, prepare records or engage in any activity, which belongs to the auditable perimeter.

Technical skills required