Chief Internal Auditor

Chief Internal Auditor – International Private Bank, Luxembourg

A prestigious international private bank in Luxembourg is seeking a highly experienced Chief Internal Auditor to lead its internal audit function. This role provides independent, risk-based assurance to strengthen governance, risk management, and internal control processes. Reporting directly to senior management and the Audit & Risk Committee (ARCC), the Chief Internal Auditor plays a key role in ensuring the bank’s operations align with regulatory standards and best practices.

Why should you choose this employer, and position:

• Stability
• Strong international market presence
• Headquarters for EU in Luxembourg
• Salary, bonus, benefits

Key Responsibilities

• Develop and execute a comprehensive, risk-based internal audit plan, ensuring alignment with business objectives and regulatory requirements.
• Assess and improve the effectiveness of governance, risk management, and internal controls across the bank.
• Evaluate operational efficiency and financial integrity by reviewing business processes, policies, and systems.
• Identify areas of risk and provide strategic recommendations to enhance internal controls and regulatory compliance.
• Ensure timely and accurate reporting of audit findings to senior management and the ARCC, with clear recommendations for corrective actions.
• Monitor the implementation of audit recommendations and report on progress.
• Maintain close collaboration with Group Internal Audit, external auditors, and control functions (Risk, Compliance) to ensure alignment in audit and risk management activities.
• Stay up to date with evolving banking regulations and industry best practices, adapting audit methodologies accordingly.

Profile & Qualifications

• 15 years of experience in the financial sector, with 10 years in internal audit roles.
• University degree in Finance, Management, or a related field.
• Professional audit certifications (CIA, CISA, or equivalent) are essential.
• In-depth knowledge of banking activities, risk management, and European banking regulations.
• Strong experience in leading and executing audits in a regulated banking environment.

Key Competencies

• Analytical mindset with strong problem-solving skills.
• High integrity, objectivity, and discretion in handling confidential matters.
• Excellent communication and stakeholder management skills, with the ability to present findings and recommendations effectively.
• Strategic thinking, with strong organizational and planning abilities.