Head of Internal Audit

Brussels Permanent

Added 22/09/2021

  • Head of Audit with international scope
  • Fintech existing for more than a decade with strong track record

About Our Client

Fintech operating in Belgium for more than a decade, dedicated to saving, investments and credit

Job Description

The responsabilities of the candidate will be:

1. Steering, coordinating and operationally managing the Internal Audit (IA) Function ('IAF') of the group covering all the Bank's legal/operational components, business lines and activities, including the cross-group (inter)dependencies.

2. Managing the locally relevant segments/dimensions of the integrated Group Audit Universe, Risk Assessment and Group IAF process model to ensure the formalization of a risk-based coverage cycle and annual IA plan(s) for (relevant) Audit Committee(s) review and approval.

3. Operating/overseeing the execution of the (locally relevant segments/dimensions of the integrated Group) audit plan(s), ensuring proper resourcing and enacting or proposing adjustments of the cycle and/or the plan to the (relevant) Audit Committee(s) as needed in response to changes in the internal/external environment and/or Senior Management, Supervisory Authority, Regulator or Statutory Auditor attention points.

4. Supervising the execution of IA reviews and final reporting to the Audit Committee and relevant Group and local Senior/Line Management. Informing the Audit Committee(s) about the existence of (significant) divergences in views between Senior Management and the Risk Management function, in case the latter has not informed the Board.

5. Providing the Audit Committee(s) and Senior Management with periodic updates on the (IA, Statutory Auditor and Regulator) recommendations and related action plan (progress) status and coordinating the IA assurance process to confirm the initial recommendation and related action plans as effectively implemented (closed) or not (yet).

6. Fostering a cooperative working relationship with internal (Senior/Line Management, 1st and 2nd Line of Defense functions and teams) and external stakeholders (Supervisory Authorities, Regulators and Statutory Auditors) in order to ensure a groupwide integrated approach, avoid duplication of efforts, focus attention and resources and catalyze an open and constructive exchange on mutual observations, findings, projects, recommendations and action plans.

7. Locally transposing the Group IAF goals and objectives and monitoring/assessing collective and individual team member performance and overall adherence to the Internal Audit Charter, Group IAF methodology and international IA standards and best practices.

8. Ensuring that, in liaison with Group, the IAF stays abreast of successful practices and emerging trends in IA related to activities developed by the Group or in relation to IA activities, tools and techniques in general. Driving the continuous upgrade of IA methodology, techniques/tools and (individual/collective) team member (personal/professional) experience and expertise.

9. Providing operational support, specific guidance and/or technical assistance with internal audit reviews, investigations, special audits, and provide subject-matter expertise as needed.

10. Representation of the group IAF towards key external stakeholders (Statutory Auditors) and Regulators (NBB/ECB, FSMA).

11. External and internal representation, both at local and Group level, of the group has required.

12. Any other duties, tasks and responsibilities assigned by the Audit Committee (Chairman), accepted upon CEO suggestion or requested/delegated by the Group Head of Internal Audit.

The Successful Applicant

The candidate should demonstrate:

1. A Minimum of 15 years of (mixed) relevant experience in the financial services (banking & insurance) environment supplemented with other control function, compliance, back office, support function (e.g. regulatory reporting) and/or business experience.

2. A minimum of 8 years internal audit experience in a retail (savings, mass affluent investments, credit cards, mortgage loans, …), credit (retail/commercial/corporate) and/or insurance environment in Belgium.

3. Exposure internal audit 'universe' management / 'cycle plan' preparation and Audit Committee reporting.

4. Familiar with local and international internal audit, corporate governance, risk management, reporting (Pillar I, II and III) and compliance (AML, MiFID, Investor Protection, …) regulatory framework concepts.

5. Previously held senior Management positions and has interaction experience with C-suite and/or Board Audit Committee members.

6. Prepared to submit to an ECB/NBB "fit&proper" assessment (cf. regulatory framework for all heads of independent control functions).

7. Professionally proficient in English and fluent in French or Dutch

8. Passionate and ambitious self-starter and team player with a flexible can-do attitude

9. Pragmatic approach with didactic inclination (coaching & mentoring)The following would be strongly appreciated:

- Specific expertise in MiFID, AML, mortgage credits, regulatory capital requirements, CLOs / RMBS, accounting and IT risk management.

- Professional certifications such as Certified Internal Auditor (CIA), Registered Forensic Auditor (RFA), Certified Fraud Examiner (CFE), Certified Public Accountant (CPA) / "Bedrijfsrevisor", Certified Information Systems Auditor (CISA), …

What's on Offer

Our client offers a competitive package with a wide range of benefits

Lorraine le Pomellec
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Job summary

Contract Type
Consultant name
Lorraine le Pomellec
Job Reference

PageGroup is an equal opportunity employer committed to workforce diversity, both as an employer as well as a recruitment service provider. Each recruitment decision we make for people we hire and people we place into new roles is based solely on the candidates’ knowledge, experience and skills.