Senior Internal Auditor, Zürich

The primary role of ASD is to assist the Board and Audit Committee by providing an independent appraisal of the adequacy and effectiveness of the internal control framework and systems in operation within the Group, and through the continuous monitoring thereof.

The Internal Auditor will assist, under the supervision of EFG Audit Managers or Regional Head of Audit who collectively assumes overall responsibility for and provides EFG Bank entities with a systematic independent review and evaluation on how the internal control systems are performing, and the adequacy and effectiveness of risk management and control within the organisation.

The Auditor will be responsible for assisting in the performance of audits of the EFG International entities and corporate departments/divisions (with a focus on the Investment and Wealth Solutions businesses of EFG). This includes assessing the effectiveness of internal controls, the efficiency of operations and compliance with the Group and regulatory requirements (AML, KYC). The job also entails identifying control opportunities within operations and determining factors associated with control and recommending solutions.

Other responsibilities include assisting the Audit Managers and the Regional Head of Audit in (a) ensuring the audit working papers meet ASD quality standards; (b) providing support in tracking the implementation of audit recommendations through the Invision Audit Report Management System; (c) co-ordinating with other members of the ASD team based in different locations; (d) developing enhanced risk assessment capabilities in private banking / wealth management.

The role requires a high level of independence, integrity, loyalty and objectivity. Ability to work alone as well as in teams and effectively deal with management at all levels.

Main responsibilities

INTERNAL AUDIT STANDARDS

• In line with EFG-ASD Internal Audit Charter to ensure that EFG Bank's operations are conducted according to the highest standards by providing an independent, objective assurance function and by advising on best practice.
• Ensure that professional standards and ASD methodology are applied in carrying out audit assignments.
• Comply with the ‘International Standards for the Professional Practice of Internal Auditing’ as prescribed by The Institute of Internal Auditors.
• Adhere to the Institute of Internal Auditors 'Code of Ethics' with regard to integrity, objectivity, confidentiality, and competency.
• Comply with the EFG International Regulations including GD 9 01 001 ‘Internal Audit Reports and Management’s Monitoring of Pending Issues’ and the ‘Group Business Code of Conduct’ as outlined in POL 6 02 003.

RISK MANAGEMENT

• Assist EFG International to accomplish its objectives by evaluating the effectiveness of risk management, control and governance processes and making recommendations for improvement.
• Assess potential risks to the EFG International’s operations during the execution of audit mandates and escalate findings or concerns identified to the Audit Senior Manager or Regional Head of Audit in charge.
• Assist in developing enhanced techniques for investment and wealth solutions matters and additional areas of focus where needed/relevant.

INTERNAL AUDIT PROCESS

• Work on assigned audits in accordance with the Annual Audit Plan submitted to the Audit Committee.
• Review the adequacy of controls established to ensure compliance with policies, plans, procedures, and business objectives.
• Assess the reliability and security of financial and management information and the systems and operations (in-house or outsourced) that produce this information.
• Review established procedures and systems and propose improvements.
• Assist and advise management on risks not being properly managed and having an adverse impact on the Internal Control System (ICS) of the Bank.
• Document and report progress on planned audit tasks on a timely basis.
• Review and discuss potential findings and weaknesses identified during fieldwork with the Audit Senior Manager or Regional Head of Audit and assist in the writing of related audit report issues and recommendations.
• Assist in developing the audit report content (including Parts I and III) and ensure such report is persuasive and contains only relevant facts and information presented in a balanced manner.
• Ensure that all Audit objectives mentioned in the Audit Planning Memorandum have been covered and sufficient work papers are in place to substantiate audit work performed as well as issues raised.
• Support the Continuous Monitoring approach, including regular engagement with stakeholders.
• Draft findings in the 'final audit report format' (Part II) in a clear and concise manner, focused on factual elements.
• Discuss findings, recommendation and overall audit rating with the Chief Auditor/Deputy Chief Auditor or Regional Head of Audit prior to finalization of audit reports and its distribution to the management.
• Provide a draft Part II audit report and Audit Protocol to management and the Chief Auditor or Audit Director at least 24 hours prior to the formal audit closing meeting.
• Assist in developing the audit report content (including Parts I and III) and ensure such report is persuasive and contains only relevant facts and information presented in a balanced manner.
• Ensure that all Audit objectives mentioned in the Audit Planning Document have been covered and sufficient work papers are in place to substantiate audit work performed as well as issues raised.

QUALITY ASSURANCE PROCESS

• Ensure the audit working papers meet ASD quality standards.
• Perform quality assurance self-assessments upon completion of the audit.
• Critically appraise and edit the audit report to ensure compliance with report standards, including format, presentation, sentence structure, spelling, page numbering, and content completeness.
• Support ASD in attaining satisfactory KPI performance levels.

AUDIT COORDINATION

• Coordinate with members of the ASD audit team when working on assignments.
• Interact with global colleagues and be respectful of cultural differences.

AUDIT ADMINISTRATION

• Assist in the follow up on the status of significant actions taken by the management in implementing the audit recommendations at least on a quarterly basis.

Skills and experience

• At least 5 to 6 years’ audit and related work experience within the banking and financial services environment, preferably with experience in private banking, asset management, and trust business.
• A university degree, preferably a Master’s degree in Business Administration.
• A professional auditing qualification, Certified Internal Auditor or Chartered Accountant or CFA or equivalent.
• Demonstrate an ability to grasp fundamental technical concepts and assimilate information.
• A good understanding of the private banking activities and products including asset management and trust services.
• A good understanding of internal auditing professional standards, guidelines, and procedures.
• Ability to conduct risk-based audits, and the assessment of the internal control framework.
• Good understanding of the local and group regulatory compliance requirements applicable to private banking and wealth management, asset management, and trust business.
• Strong analytical and problem solving abilities.
• Facilitate teamwork by contributing to team effort, sharing responsibility for team results, and exhibiting a positive attitude.
• Excellent English oral and written communication skills. Ability to speak a second European language will be an advantage.
• Familiarity with Information Technology systems and MS Office applications.
• Good interpersonal skills.

Our values

• Accountability: Taking ownership for tasks and challenges as well as seeking continuous improvement.
• Hands-on: Being proactive to rapidly deliver high-quality results.
• Passionate: Being committed and striving for excellence.
• Solution-driven: Focusing on client outcomes and treating clients fairly with a risk-aware mindset.
• Partnership-oriented: Promoting collaboration and teamwork. Working together with an entrepreneurial spirit.

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