VP, Lead Auditor – Model Risk

Full Time

International Banking Client

Office Status: Hybrid

Responsibilities:

  • To assess the risks of the audited activities and to validate the related control environment for its design and operating effectiveness
  • To 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
  • To verify the audited unit’s compliance with internal policies and procedures and the applicable laws and regulations
  • To monitor the fieldwork carried out by the team and to adjust the fields of audit to the risks identified
  • To maintain close communication with the Audit Manager / Head of Local Audit/ Regional Supervisor on audit progress following the pre-set timeframe
  • To 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
  • To manage and organize interviews, debriefing meetings of conclusions with Management impacted by the audit
  • To follow up, review and finalize with Management on response to the draft audit report and prepare for the final audit report publication
  • To ensure that audit deliverables are in adherence to the IGE/IGL Methodologies as per the Audit Charter
  • 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, for instance by training team members on international sanctions regulation, or on new topics upon request from Audit Manager / Regional Supervisor / Head of Local Audit
  • Contribute to the on-going development of IGE’s knowledge and expertise on model risks, including regulations and guidelines (regulatory watch), auditing standards and best practices; attend industry or CA group events to keep abreast of relevant developments in capital markets and market risk management
  • Proactively monitor the evolution of relevant strategies, projects, policies and procedures, changes in organization, process and/or systems implemented in the CA group and in CACIB to manage and mitigate model risks
  • Nurture and disseminate model risks understanding and relevant knowledge among auditors within IGE; post contents into SynerGIA; contribute to the definition of their training programs and, if need be, deliver training sessions.
  • Contribute to the creation or update of methodologies and audit processes/guides
  • Build and share knowledge (e.g. through contributing to SynerGIA, delivering training or taking part in various Methods and Support workstreams or assignments)
  • Update Auditable Items scorecards in liaison with the relevant Audit Manager
  • Share any relevant information with the IGE Knowledge communities’ leaders and relevant Audit Partners
  • Manage resources and budget of the assignment to achieve the objectives of the audit plan
  • Contribute to the preparation of the audit plan, in coordination with the Audit Manager in charge
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