I
am searching today for an internal auditor.... not any internal
auditor, but a BIS compliant
auditor:
Leading European Universal Bank seeks high
caliber internal auditor with sufficient authority, stature, and
independence
The
Position
Matters
of regulatory interest don't petrify you? Independence and
objectivity are the anchors of your professional life? You are free
from conditions that threaten your ability to carry out your internal
audit responsibilities in an unbiased manner? You believe in your
work product and make no quality compromises? Then we have the right
position for you.
As
an internal auditor in our firm, your main task is to help reducing
the risk of loss and reputational damage to our bank. Your team will
guarantee the quality and effectiveness of our bank's internal
control, risk management and governance systems processes.
The
position is with our permanent internal audit function and is part of
our sound corporate governance scheme. You will report to the head of
our audit committee, in charge of overseeing our bank's internal
audit function.
Your
Responsibilities
Your
day-to-day activities will consist of
- ensuring compliance of our business lines with laws and regulations, our sound internal auditing standards, and our code of ethics;
- guaranteeing the effectiveness and efficiency of the internal control, risk management, and governance systems and processes, created by our business units and support functions;
- regularly communicating with supervisors of our internal audit function to identify risk areas, understand risk mitigation measures, and understand and respond to weaknesses;
- evaluating the reliability, effectiveness, and integrity of our management information systems and processes;
- safeguarding our assets;
- supporting our head of internal audit at parent company level in defining the group and holding company’s internal audit strategy, determining the organization of the internal audit function both at parent and subsidiary bank levels, and formulating internal audit principles.
For
this purpose, you will be granted access to all bank records and data
and will be asked to form an independent and informed view of the
risks faced by our bank.
By
all means, you will only advise on internal control measures.
Designing, selecting, implementing, or operating these measures will
be carried out by our senior management.
We
know that performing similar tasks and routine jobs may negatively
affect your capacity for critical judgment and, ultimately, lead to
you loosing objectivity. This is why you will periodically rotate
within your function. To preserve your independence, “cooling-off”
periods are to be respected if you change function in our group.
Your
Qualifications
To
join us, you must be a person of integrity, independent of our
audited activities, and develop sufficient standing and authority
within our bank. We take for granted, that you observe the law and
have not been party to any illegal activity. As integrity is key for
this position, we will ask you to be straightforward, honest, and
truthful.
Additional
qualifications include
- observant use of confidential information;
- evaluation of both current and potential future risks;
- willingness and capacity to defend and assume responsibility for your own judgments and assessments;
- ability to collect and understand information, to examine and evaluate audit evidence, and to communicate with stakeholders in our bank;
- practice of care and skills expected of a reasonably prudent and competent professional;
- ability to discuss, your views, findings, and conclusions directly with the audit committee and the board of directors;
- ,as our audit function covers every activity (including outsourced activities) and every entity of our bank, disposal of a high level of intellectual flexibility and ability adapt quickly;
- honesty, diligence, and responsibility.
After
a short learning curve, we expect you to be able to judge outcomes
and make an impact at the highest level of our organization.
Please
note that we will only consider applications from knowledgeable and
experienced auditors.
What
we offer
We
are searching to recruit a high potential candidate and offer him a
fast-track career in our company. From day one on, you will be
granted access to the board of directors, that is ultimately
responsible for the internal audit function.
We
guarantee job security, as our internal audit function should
normally be conducted by our bank’s own internal audit staff. Even
if we should, for specific purposes, outsource internal audit
activities in the future, your skills will still be needed in our
firm, as our board of directors will always remain ultimately
responsible for these activities and for maintaining an internal
audit function within our bank.
Your
compensation package will be excellent and, in addition, decoupled
from the financial performance of your audited business lines.
Your
career in our firm will be guided by annual performance reviews. In
addition, you will receive feedback from our board of directors that
should review the effectiveness and efficiency of the internal
control system and the performance of the internal audit function at
least once a year.
We
have flat hierarchies and ensure an organizational structure that
clearly assigns responsibility, authority, and reporting
relationships and ensures that delegated responsibilities are
effectively carried out.
Resource:
Please
don’t compliment me for this post. The language comes, in great part, from BIS’
June 2012 report on the internal audit function in banks.