Senior Auditor, Associate – Regulatory Compliance; Non-AML

Senior Auditor, Associate – Regulatory Compliance (Non-AML)
Business type

Types of Jobs - General Inspection / Audit

Job title

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

Contract type

Permanent Contract

Job summary

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 time frames 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, analyze 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 escape 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.

Salary Range: $110k-$140k

#LI-DNI

Supplementary Information

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…