Our client, a prestigious international banking group, is seeking a highly experienced and motivated Internal Audit Team Lead to join their headquarters in Frankfurt. As the Team Lead for Credit and Trade Finance audits, you will be responsible for overseeing the internal audit activities related to these areas, ensuring the identification and mitigation of risks, and providing valuable insights and recommendations to senior management. You will lead a team of skilled auditors, coordinate audit engagements, and collaborate with stakeholders across the organization. This position requires a deep understanding of Credit and Trade Finance operations, strong leadership skills, and a proven track record in internal auditing.
The Internal Audit Team Lead will:
- Lead and manage a team of auditors focused on Credit and Trade Finance audit engagements, providing guidance, coaching, and performance feedback.
- Plan and execute risk-based audit engagements to assess the effectiveness of controls and the integrity of Credit and Trade Finance processes.
- Develop and maintain a comprehensive risk-based audit plan for Credit and Trade Finance operations, ensuring coverage of key risks and regulatory requirements.
- Conduct thorough assessments of Credit and Trade Finance policies, procedures, and systems, identifying control weaknesses, inefficiencies, and potential areas of improvement.
- Collaborate with stakeholders at various levels of the organization, including senior management, business units, and support functions, to understand business objectives, risks, and emerging trends.
- Stay abreast of industry best practices, regulations, and emerging risks related to Credit and Trade Finance, and apply this knowledge to enhance the audit approach.
- Evaluate the adequacy and effectiveness of internal controls, risk management practices, and governance frameworks within Credit and Trade Finance operations.
- Prepare clear and concise audit reports, highlighting findings, recommendations, and corrective action plans to address identified deficiencies.
- Monitor the implementation of audit recommendations and track progress to ensure timely resolution of issues.
- Foster effective working relationships with key stakeholders, promoting open communication, and providing proactive guidance on risk and control matters.
As Internal Audit Team Lead, you should have:
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field. Advanced degree or relevant professional certifications (e.g., CIA, CISA, CAMS) are preferred.
- Extensive experience (8-10 years) in internal auditing, preferably within the financial services industry, with a focus on Credit and Trade Finance.
- Strong understanding of Credit and Trade Finance products, processes, and regulatory requirements.
- Proven experience leading and managing audit teams, including coordinating and overseeing multiple audit engagements.
- In-depth knowledge of internal auditing standards, methodologies, and best practices.
- Familiarity with relevant regulations and standards, such as Basel III, IFRS, and regulatory requirements specific to Credit and Trade Finance.
- Excellent analytical skills, with the ability to identify risks, evaluate controls, and provide practical recommendations.
- Strong leadership and interpersonal skills, with the ability to effectively collaborate with stakeholders at all levels of the organization.
- Exceptional written and verbal communication skills, including the ability to present complex audit findings in a clear and concise manner.
- Fluency in English is required; additional language skills, particularly German, would be an advantage.
If you are a highly motivated and senior Internal Audit professional with a proven track record of success, we encourage you to apply for this exciting opportunity. Our client offers a competitive salary package, professional growth opportunities, and a stimulating work environment within a leading international bank. Join our dynamic team and contribute to the enhancement of our Credit and Trade Finance internal audit function.
To apply for the Internal Audit Team Lead role, please contact Tom Flint, Specialist Recruitment Consultant at Selby Jennings, with your CV directly.
We are looking forward to hearing from you soon!