Associate/ Senior Associate-IHC Audit

Position Purpose

The CIB ICFR control senior analyst is primarily responsible for assessing the design and operating effectiveness of the controls implemented within CIB North America entities. The CIB ICFR control analyst will perform control testing on behalf of the management in accordance with the methodology developed based on the COSO 2013 internal control framework. The testing is conducted throughout the year to provide reasonable assurance and sufficient coverage for the period under audit. The result of the testing will be communicated to the respective governance bodies (i.e. management committees and board committees) on a quarterly basis as the basis for management in making assertion over the effectiveness of the internal control implemented by the Bank over the financial and regulatory reporting.

Responsibilities

Direct Responsibilities

End of accounting period

Become a point of contact in liaising the testing program between ISPL and US team.

For each closing period review and substantively test the effectiveness of the controls performed by various CIB NA functions according to the control working program for a high risk area

Specifically the incumbent will work on Control testing of financial areas

For each closing period review the substantive testing performed by the junior analyst to ensure the proper execution of the testing and provide guidance.

Identify and escalate control gaps to US team for timely remediation

Provide the guidance to the control owners in remediation of the findings

Contributing Responsibilities

Permanent (on a daily basis)

Develop and maintain the US regulatory control framework by assisting the US regulatory team to identify and document risks and controls in place or to be implemented by CIB North America functions (i.e. Middle Office, Back Office, Accounting, and functions)

Evaluate the compliance of CIB NA accounting control environment with US regulatory requirements

Identification of control weaknesses/control gaps and suggestion/implementation of solutions

Formalize and report the results of the control test to the control governance for local regulatory reporting

Develop an control oriented culture for regulatory reporting across the organization (Finance and non-Finance)

Technical Behavioral Competencies

Accounting degree (with concentrations in financial/regulatory audit)

o CPA or equivalent preferred

Minimum 3 years of experience in the audit of banking and capital markets or equivalent experience in financial and/or regulatory reporting process

Good understanding or knowledge of SOX requirements and familiarity with COSO framework

Working knowledge of Capital market products, CIB products and Banking.

Solid understanding of financial instruments and developed skills in analysis of business supporting processes from accounting control perspective

Strong organizational skills, rigorous, and self-disciplined

Attention to detail and commitment to maintaining a strong control environment

Good communication skills, (i.e. writing, listening, presentation)

Advanced technical skills (i.e. MS Word, Excel, PowerPoint, Access)

Knowledge of Investment banking products

Specific Qualifications (if required)

MS Excel (at least intermediate)

Skills Referential

Behavioural Skills:

Attention to detail / rigor

Ability to deliver / Results driven

Communication skills - oral written

Client focused

Transversal Skills:

Ability to understand, explain and support change

Analytical Ability

Ability to develop and adapt a process

Education Level:

Master Degree or equivalent