Audit Manager

Our Company

EFG International is a global private banking group, offering private banking and asset management services. We serve clients in over 40 locations worldwide. EFG International offers a stimulating and dynamic work environment and strives to be an employer of choice. 

EFG is committed to providing an equitable and inclusive working environment that is founded on the principle of mutual respect. Joining our team means experiencing a supportive environment, where your contributions are valued and recognised. We strongly believe that the diversity of our teams gives us a competitive advantage by fostering better decision-making and greater innovation.

Our Purpose and Mission

Empowering entrepreneurial minds to create value – today and for the future.

We are a private bank, offering personalised solutions on a global scale to private and institutional clients. Our sustainable success is based on our talents and on how we partner with our clients and communities to create lasting value.

Role

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 Audit Manager will assist the Deputy Chief Auditor and Regional Head of Audit who assume overall regional responsibility for and provides EFG International 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 Audit Manager will be responsible for assisting in the performance of audits of the EFG International entities and corporate departments/divisions. This includes, assessing the effectiveness of internal controls, the efficiency of operations and compliance with the Group and regulatory requirements (AML, KYC etc.). The job also entails identifying control opportunities within operations and determining factors associated with control and recommend solutions. 

Other responsibilities include assisting the Regional Head of Audit in (a) ensuring the audit working papers meet ASD quality standards; (b) tracking the implementation of audit recommendations through the Bank findings tracking tool system (SAS-GRC); (c) co-ordinating with other members of the ASD team based in different locations; (d) developing enhanced risk assessment capabilities including 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 International’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 Global Internal Audit Standards as prescribed by The Institute of Internal Auditors.
• 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 Bank’s operations during the execution of audit mandates and update the EFG International entity risk assessment where appropriate.
• Ensure that there is adequate audit coverage given to all significant risk activities.

Internal Audit Process

• Work on assigned audits in accordance with the Annual Audit Plan submitted to the Audit Committee. 
• Confirm adherence with provisions and requirements of the ASD internal audit manual.
• Establish a Continuous Monitoring approach, including regular engagement with stakeholders. 
• Review the adequacy of controls established to ensure compliance with policies, plans, procedures, and business objectives.
• 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.
• Appraise the use of resources regarding efficiency and effectiveness.
• Document and report progress on planned audit tasks on a timely basis.
• 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.
• 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

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.
• Provide support and constructive feedback to team members to enhance their capabilities.
• AUDIT ADMINISTRATION
• Assist in the follow up on the status of significant actions taken by the management in implementing the audit recommendations.
• Assist the Chief Auditor/Deputy Chief Auditor or Regional Head of Audit in preparing quarterly audit activity reports to the Audit Committee.
• Participate in ad hoc investigations or reviews requested by the Audit Committee and Management.

Skills And Experience

• At least 8 to 10 years’ audit and related work experience within the private banking and financial services environment. (e.g. big 4 environment or internal audit function of major private bank in Switzerland)
• Strong track record of conducting independent internal audits regarding clients facing (AML/KYC, Suitability) and operational activities.
• Solid understanding of financial instruments, experience in auditing global markets, operations activities as well as knowledge of risk management frameworks related to market, credit, counterparty, operational resilience and liquidity risks
• Familiarity with treasury operations and management, including cash flow management, funding strategies, capital allocation and interested rate risk management. 
• A university degree, preferably a Master’s degree in Business Administration.
• A professional auditing qualification, Certified Internal Auditor or Chartered Accountant or equivalent. 

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