Description

The head of internal audit reports directly to the Board of Directors of Union Bancaire Privée (Europe) S.A and, functionally to the Head of Group Internal Audit.

Mission

The mission of the Internal Audit function is to provide an independent, objective assurance and consulting activity designed to add value and improve the operations of Union Bancaire Privée (Europe) S.A.

Main responsibilities

The mission of Union Bancaire Privée (Europe) S.A. Internal Audit function is to provide an independent, objective assurance and consulting activity designed to add value and improve the operations of the Group and Bank. It helps the Group and the Bank to accomplish its objectives by bringing a systematic, disciplined approach, to evaluate and improve the effectiveness of risk management, control and governance processes.

To provide for the independence of the internal audit activity, the Head of the Bank’s Internal Audit reports directly to the Board of Directors of the Bank and functionally to the Head of the UBP Group Internal Audit function. As the Bank in Luxembourg does not have its own Audit Committee, the work of Internal Audit is supervised by the Board of Directors of the Bank. The Head of the Bank’s Internal Audit is appointed and dismissed by the Bank’s Board of Directors, following a consultation with the Head of UBP Group Internal Audit function.

The candidate is expected to:

• Perform, in cooperation with Group Internal Audit, a periodic risk assessment of the Bank’s activities, taking into consideration external developments and internal factors. Fraud risk should also be considered and assessed as part of this risk exercise
• Prepare, in cooperation with Group Internal Audit, the annual audit plan of the Bank’s activities ensuring that all key risks are periodically covered and significant legislative or regulatory issues impacting the organization are recognized, adequately addressed and complied with
• Plan and execute audits in in accordance with the annual audit plan and ad hoc special and consulting mandates in accordance with Audit Committee and Management requests
• Make recommendations for improving management controls, profitability, and protecting the Bank’s / Group's image and reputation
• Prepare written audit reports/memos
• Follow-up of audit recommendations until their implementation
• Participate if needed in audits of other UBP Group entities in and outside Luxembourg, thus a certain amount of travelling is to be anticipated
• Liaise with local regulators and external auditors
• Make recommendations for improving the efficiency and effectiveness of the internal audit process             
• Prepare an annual activity report to be submitted to the Board of Directors of UBP (Europe) S.A. and the CSSF.

Union Bancaire Privée (Europe), S.A. encourages all suitable qualified and eligible candidates to apply regardless of their gender identity or expression, age, racial, ethnic and cultural background, religion and beliefs, sexual orientation, disability or neurodiversity.

In accordance with the provisions of the Luxembourg law of 23 July 2016 amending the law of 29 March 2013, retained candidate will be required to provide an extract from their criminal record as a part of UBP screening process.

Personal skills

- Deep knowledge of Luxembourg's regulatory and financial industry and solid experience with internal audit standards. - Solid expertise in auditing techniques, including risk assessment, control and audit testings. - Strong analytical skills and excellent communication abilities (oral & writing) including internal reports and high level oral communication. - Deep problem-solving capacities developing and presenting made-to-measure approaches. - Integrity of character objectivity and independence. - International mobility (4 to 6 weeks per year).

Education

• Education: Master Degree
• Certification: Law, Finance, Banking
• Technical skills: Professional Audit Certifications (ex: CIA) are considered as an advantage.
• IT Tools: Advanced level in Microsoft Suite (Word, Excel, Power Point).

Experience

• Years of experience: 3-7 : intermediate
• Experience required: At least 5 years of experience in a similar position as of Head of Internal Audit.
• Experience in private banking: Mandatory

Language

• French: Fluent
• English: Fluent

OTHER

• Swiss resident: N/A