The primary role of the Internal Auditor is to provide an independent appraisal of the adequacy and effectiveness of the internal control framework and systems in operation within the Group, and through continuous monitoring thereof.
The Internal Auditor will assist in evaluating the effectiveness of risk management, control, and governance processes, and making recommendations for improvement. This includes assessing potential risks to the organisation's operations during the execution of audit mandates and escalating findings or concerns identified to senior management.
Main Responsibilities
* In line with EFG-ASD Internal Audit Charter, ensure that EFG Bank's operations are conducted according to the highest standards by providing an independent, objective assurance function and 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 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 senior management.
* Develop 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 senior management and assist in the writing of related audit report issues and recommendations.
* Develop 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.
* 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 senior management prior to finalization of audit reports and their distribution to management.
* Provide a draft Part II audit report and Audit Protocol to management and senior management at least 24 hours prior to the formal audit closing meeting.
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 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 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.