My client is a European Private Bank looking for a VP internal audit. You MUST have private banking / wealth mangement audit background. Duties as below
The primary responsibility of the position is to conduct risk-based audits of the Bank entities in the region;
Identify and assess potential risks to the business;
Review the adequacy of controls established to ensure compliance with the Bank Guidelines, Bank General Directives, and other policies, plans, local procedures, and business objectives;
Assess the reliability and security of financial and management information and the systems and operations that produce this information; means of safeguarding assets;
Review established procedures and systems and proposing improvements;
Assist and advise management on the prevention of fraud and defalcation, unethical practices, code of conduct, insider dealing;
Appraise the use of resources with regard to economy, efficiency and effectiveness;
Audit the following: KYC due diligence including money laundering controls;, services and operations, equities trading platforms, hedge funds, structured products, credit and lending, regulatory compliance, sophisticated financial products.
Aid in the preparation of reports to various levels of management including the Audit Committee;
Coordinate activities with the external auditors to facilitate effective communication, avoid duplication or timing conflicts, and achieve optimal cost effectiveness.
Provide on-going support to the audits of other Asia Region entities
Provide occasional support to the Audit Services Department in participating in audits in locations outside of the Asia Region.