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Audit Generalist - Financial Markets

  • Location:

    Amsterdam

  • Sector:

    Accountancy & Finance

  • Job type:

    Permanent

  • Salary:

    €80000 - €105000 per jaar

  • Contact:

    Arie Beckman

  • Contact email:

    Arie.Beckman@oliverjames.com

  • Job ref:

    JOB-112022-185658_1667471030

  • Published:

    28 Tage her

  • Expiry date:

    2022-12-03

Department Overview:

The audit department is part of a big internal audit group of a major bank in Amsterdam. The main focus of the role is to provide an independent and objective audit service to the Wholesale Banking division which meet the requirements of the Boards of the bank and the affiliates and of the banks respective regulators globally. Audits ensuring that key risks in and across the region are identified, mitigating actions negotiated and agreed with senior management to improve the governance, risk and control framework.

In essence, the role is not just compliance-oriented but geared towards giving true advice to the bank's senior business leaders. Therefore, as a member of the Wholesale Banking Team, an important focus of the role is to provide an independent assessment of the design and effectiveness of the banks internal controls, with the ultimate aim of helping to mitigate the risks the bank's businesses are facing.

The role will report to the Wholesale Banking Financial Markets Head, who is based in London. The success of the future incumbent will be measured by the quality and time lines of all the audit plans; the proactive identification of potential problem areas and of proven opportunities; as well as, his/her leadership including style and general contribution to both the teams development as well as all areas of operational and financial risk management, controlling and governance.

Main Duties and Responsibilities of Role:

Audit department organization

  • Responsible for the execution of audits as defined by annual audit plans.
  • Responsible for the implementation of the global strategy and the bank policies within the audit division.
  • Communicates and promotes the bank strategy and bank methodology to all audit staff in the audit division.
  • Acts as a change agent with the aim to enhance the control culture of the bank worldwide and therefore supports the strategic objectives of the company around the globe.

Audit Strategy

  • Contributes to the strategic direction of the bank in the establishment of risk-based auditing, which include reporting methodologies, organisation design and effective positioning of the function to ensure provision of independent assurance.
  • Contributes to the establishment of the audit strategy, audit universe, 5 year audit and capacity plan and annual audit plan for the audit division.
  • Translates the audit strategy into audit objectives for the individual audits within the audit division and ensures the alignment between the audit strategy and the audit approach for individual audits.
  • Responsible for supporting the local audit heads in achieving the yearly audit plan.
  • Reports on the progress to the EMEA Head of Wholesale Banking, based in London.
  • Contributes to the development of standard work programs for Wholesale Banking domains and is responsible for supervising compliance with these programs.

Leadership

  • Uses good communication and management skills to influence a wide range of internal audiences incl. respective product, function, or regional executive management and external audiences incl. regulators and external auditors.
  • Collaborates across businesses and functions to improve the identification, quantification measurement, management, reporting and controls in governance, risk management and internal control environments.
  • Lead teams of auditors when required in delivering quality audit services to Wholesale Banking and contributes to the effectiveness of the Wholesale Banking business.

Audit Execution

  • Ensure adequate execution of audit engagement objectives and ensure audit programs and approaches align with the approved audit methodology. Contributes to effective internal coordination and consistency of audit quality within the audit department. Ensures compliance with the guidelines as described in the bank manual. Ensures systematic recording and processing of audit work performed in audit and permanent files.
  • Responsible for the delivery of high quality audits on time and to specification.

Reporting

  • Contributes towards the delivery and reporting of high impact reports of the bank's contributions to top management, regulators, and the bank's boards' sub committees (Audit and Risk), developing trend analyses and thematic reporting,
  • Provide objective audit reports ensuring that significant risks are promptly escalated (no surprises). Ensure open and transparent communication between local and functional reporting lines. Provide an independent mechanism by which to proactively challenge regional activities.

Candidate Profile

Qualification/Education

Essential:

  • Good degree with a minimum 5 to7 years of relevant experience.
  • Post degree relevant qualification (ACA, ACCA, CFA, MBA, CIA, CISA)
  • Fluent in English and willing to travel abroad (6 to 8 weeks per year).

Experience/Knowledge

Essential:

  • As an Audit Supervisor, the ideal candidate will have good knowledge of Wholesale Banking / Financial Markets and uses strong analytical skills to identify the areas of focus within our global Wholesale Banking Audit strategy and individual Wholesale Banking Audits.
  • The ideal candidate should ideally demonstrate success in prior roles in Internal Audit functions, ideally in organisations that have experienced change. The candidate should have a good understanding of current regulatory trends in the financial services industry, good risk assessment skills coupled with problem-solving and analytical skills. She/he would have prior experience in Auditing Front Office, Operations, Technology, Regulatory Compliance and Accounting activities and be familiar with building good practices. In addition, the successful candidate should be results-driven and have a track record of identifying strategic opportunities to improve business and technology performance, operations, risk management and internal controls. This should be completed with a solution orientation to facilitate positive change throughout the organisation.

Personal Competencies

Essential:

  • He/She is naturally proactive, critical and curious, and searches for missing information on his/her own initiative. The candidate has strong verbal and written communicative skills and interpersonal capabilities. Therefore, he/she knows how to ask the right questions and get the right information, even when he/she has to overcome resistance. The ideal candidate is accurate, creative in solutions and describes himself/ herself as a team player who is capable of working in international teams, as well as independently when the task at hand requires this. Also, the candidate is keen on self-development and, moreover, endorses the values of the bank, propagates these values in daily work as a matter of course.
  • The successful candidate must be effective in managing internal relationships and, therefore, must have excellent stakeholder management skills with strong interpersonal skills for interfacing with all levels of internal and external audit and senior management. In addition, the candidate has to have the capability to be a trusted business partner who is able to maintain independence and objectivity while balancing the commercial view. At the same time, effective negotiation skills, a proactive and no-surprises approach in communicating issues and strength in sustaining independent views are critical. In order to do so, it will be important that the candidate is an articulate and effective communicator, both orally and in writing with an energetic, charismatic, and approachable style.
  • Uncompromising ethics, the ability to listen with an open mind, and the strength and integrity to be firm under pressure to stand up to senior management, and sometimes tell what they do not want to hear will be important attributes for ideal candidates. The individual must also possess a proactive, energetic, service-oriented style, be easy to approach and enjoyable to deal with. The individual must be able to direct effectively the activities of the audit team, mentor, motivate and develop the team, leverage group competencies and encourage a culture of professional development.
  • The candidate will be expected to have a highly collaborative personality, be a strong team player and be able to give strong direction to the team while emphasising a strong risk and controls culture. The individual must also be energetic, mature and have a service-oriented style and at the same time be easy to approach and personable.

Rewards and benefits

We want to make sure that it's possible for you to strike the right balance between your career and your private life.

The benefits of working with us at ING include:

* A salary tailored to your qualities and experience (85k - 105k)

* 24-27 vacation days depending on contract

* Pension scheme

* 13th month salary

* Individual Savings Contribution (BIS), 3.5% of your gross annual salary

* 8% Holiday payment

* Personal growth and challenging work with endless possibilities

* An informal working environment with innovative colleagues

* Work Agile, so new ideas come to life faster

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