Head of Local Audit Singapore

**SUMMARY OF THE POSITION**

The Head of Local Audit is responsible for managing the local Internal Audit department and executing or leading Internal Audit assignments in accordance with CACIB’s global IGE methodology & procedures, professional standards and local regulatory requirements. He/she is responsible for fostering and maintaining independence and objectivity and ensuring strong professional relationships with internal & external stakeholders.

**KEY RESPONSIBILITIES**

**I - Direct management of the Singapore Audit teams (including the specialist auditors in ISAP)**
- Ensure, in collaboration with the Global IT Audit Supervisor, that the Singapore based and IT auditors have adequate skills and competencies to properly perform their missions and reach their objectives:

- Providing regular and constructive feedback on their performance, offering guidance and goals for further development;
- Setting objectives and performing annual appraisals; contributing to the Global Compensation Review;
- Identifying knowledge & skills gaps, developing training plans and other solutions to address identified needs
- Submitting proposals for promotion to IGE Career Committee;
- Promoting the acquisition by staff of relevant certifications (e.g. CIA, CISA, CISSP );
- Prepare and monitor the local budget for the Department, in coordination with HR, Finance and IGE management.

**II - Contribute to the definition of the Audit Strategy of CACIB Singapore Branch**
- Conduct interviews with the management of the entity, business lines and support functions to be aware of the relevant and evolving risks facing activities within the assigned audit perimeter;
- Ensure the audit risk assessment of the assigned audit universe is updated on a continuous basis: Review Management Information System (MIS) and Key Risk Indicator to update the risk assessment scorecards. Be aware of changes (regulatory, organizational, economic) and factor them into relevant risk assessments;
- Update regularly the audit risk mapping of Singapore activities;
- Ensure that all areas within the audit perimeter are reviewed at an adequate frequency commensurate with their risk level and the local regulatory requirements;
- Formalise the local Audit Plan and areas of focus in accordance with the global Audit Plan.

**III - Maintain effective communication with the Singapore branch management and control functions**
- Create and maintain an effective communication with the appropriate level of management within the entity;
- Attend the relevant committees in Singapore: Internal Control Committee (ICC), Compliance Management Committee (CMC), Support function Committee (SFC), contribute to these committees about audit activities and related issues;
- Provide to the Regional Head of the Asia and Middle East Hub or her designate and Singapore Management with information about the status of the local audit plan and matters of relevance concerning risk, control and corporate governance within the Singapore perimeter;
- Ensure Singapore Management is kept informed of the conclusions of all IGE assignments covering Singapore
- Alert IGE and Business lines/entities Management about significant audit issues.
- Develop and maintain cooperative and productive relationships between IGE and local management;
- Comply with any escalation policy in the bank (including International Sanctions);
- Maintain cooperative and productive relationships with the other control functions.

**IV - Monitor the implementation of the audit recommendations addressed to Singapore staff, report progress to Singapore Management and escalate as necessary**
- Conduct follow up of pending recommendations (including from regulators) and prepare relevant reports for higher authorities.
- Escalate to the Regional Head of the Asia and Middle East Hub or her designate and local Management any significant delay in the implementation of corrective actions and propose action plan to help management tackle outstanding audit issues.

**V **_- _**Maintain trustful and constructive dialogue with the relevant supervisory authorities and statutory auditors**
- Liaise with local supervisory authorities, especially during their on-site reviews;
- Liaise with the Head of Relationship with Regulators for any regulatory assignment on Singapore audit universe; Participate in the co-ordinated responses to supervisors’ requests;
- Keep local and IGE management informed about interactions with or correspondence from local regulators;
- Liaise with external auditors to co-ordinate the internal and external audit works. Develop and maintain cooperative and productive relationships between IGE and external statutory auditors;
- Interact as and when required with external auditors, supervisors and members of the Crédit Agricole Group internal audit business line (AIBL) on topics related to Singapore audit universe.

**VI - Develop, maintain and share knowledge of the local environment**
- Keep abreast with lo