Job description
Internal Auditor Company: China Merchants Bank (Europe) S.A. China Merchants Bank (CMB), established in 1987, is China’s first joint-stock commercial bank. It currently ranks as the 8th largest bank globally by Tier 1 capital (The Banker, UK), maintaining a top 20 position for five consecutive years. CMB operates 143 branches and over 1,700 sub-branches across 130 cities in mainland China, and maintains a growing international presence with six overseas branches and two representative offices.
The group employs over 110,000 professionals worldwide. China Merchants Bank Europe is the headquarter of CMB group in the EU and acts as a global banking and investment gateway between China and Europe. As a full license bank, CMB Europe intends to differentiate itself as a flagship in the sector of corporate banking, trade finance and wealth management.
It provides a range of diversified financial products and services to Corporation customers, Personal customers, Financial Institutions in EU and China. The Risk Management Function is responsible for ensuring that the Bank adequately controls and manages credit, market, operational, liquidity and other relevant risks.
It ensures the Bank is fully compliant with all banking laws, regulations, internal policies and procedures.
Position Overview
The Internal Auditor plays a vital supporting role in adding value and improving the Bank's operations by assisting the Chief Internal Auditor in bringing a systematic and disciplined approach to the effectiveness of risk management, control, and governance processes. Working under CIA direction, the Internal Auditor supports the conduct of integrated internal audits and special reviews to provide assurance regarding the existence and effectiveness of financial, operational, and technology internal controls.
Major Duties and Responsibilities: Core Audit Support Activities Assist in actively conducting internal audit missions as per the annual internal audit plan, ensuring independent execution in accordance with regulatory requirements, risk mapping, and requests from executive bodies, under CIA direction; Support the follow-up and monitoring of the implementation of corrective measures related to recommendations issued by the internal audit function, external auditors, and the Head Office Internal Audit department; Assist in conducting controls and analyses of departmental practices to evaluate the reliability of documents, procedures, and compliance levels across the Bank; Support monitoring and assessment of the internal control and risk management system efficiency under CIA supervision; Assist in ensuring timely and accurate completion of routine and non-routine reporting requested by the Head Office Audit Department and support execution of diverse missions and inquiries assigned by Head Office Audit Department.
Stakeholder Coordination and Liaison Support Serve as supporting contact with the co-sourcing company regarding regulatory internal audit activities and approved audit plans, with primary liaison responsibilities retained by the CIA; Provide operational and administrative support for Head Office communication on internal audit matters; Assist in coordinating with External Auditors for on-site and off-site annual statutory audit activities under CIA direction; Prepare supporting documentation, analyses, and materials for audit function meetings and contribute to meeting preparation and reporting.
Governance, Advisory, and Control Support Support the Chief Internal Auditor in improving and maintaining internal audit-related policies and procedures; Assist in developing and updating internal audit risk assessment and planning methodologies; Provide supporting analysis and documentation in delivering proactive advice and recommendations to improve central administration, internal governance arrangements, and operational controls; Assist in preparing decision-support analysis and relevant metrics to support the audit reporting; Maintain functional and hierarchical independence and avoiding conflicts of interest.
Administrative and Backup Responsibilities Perform administrative and operational support tasks to enhance the efficiency and effectiveness of the audit function; In the absence of the CIA, provide operational continuity by managing routine audit tasks, documentation, and administrative matters (non-decision-making functions) Support assigned tasks or working arrangements based on applicable service level agreements; Undertake additional duties as necessary to support business needs.
Education
and Qualifications Master's degree in Finance, Mathematics, Statistics, Engineering, or a related field; or Bachelor's degree with equivalent professional audit experience; Knowledge of international audit standards (IIA standards) and best practices. Professional audit certification (Certified Internal Auditor) is a strong plus.
Professional Experience Minimum 3 years of experience in internal audit, external audit, or compliance, preferably within the banking or financial services sector; Demonstrated experience assisting with integrated internal audit planning, execution, and follow-up procedures;. Regulatory and Compliance Knowledge Well-versed in the local Luxembourg regulatory landscape affecting the banking sector; Sound knowledge of EU compliance and risk regulations; Understanding of banking sector governance frameworks and best practices.
Technical Competencies Proficiency with audit software and data analytics tools; Advanced MS Office Suite skills (Excel, Word, PowerPoint) for data analysis, reporting support, and efficient risk analysis; Experience with financial systems and banking operational databases; Strong documentation and report writing support skills with ability to synthesize complex information clearly.
Professional Attributes and Soft Skills Communication: Good communication skills in English with the ability to thrive in a multicultural setting; knowledge of Chinese and/or French is a plus; Analytical Mindset: Strong analytical capabilities with the ability to synthesize complex information and present it clearly; Attention to Detail: Strong organizational, documentation, and detail-oriented approach to work; Ethical Standards: Unwavering commitment to ethical standards and confidentiality; Team Collaboration: Ability to work effectively as part of the audit team under CIA direction; Proactive Approach: Proactive mindset in identifying issues and supporting audit objectives; Cultural Awareness: Ability to work in multicultural environments; Adaptability: Willingness to support diverse assignments and business needs.
What we offer
A contract within our European headquarters. Acompetitive annual wage, and a very attractive performance-related bonus rewarding both individual and company achievements. Comprehensive medical coverage beyond statutory benefits, contributing to your well-being. Supplemental pension plan – attractive pension scheme funded by the employer (and optionally by the employee).
Other supplementary benefits, such as meal vouchers, sports allowance, access to a professional in-house gym, and occasional festive allowances throughout the year Opportunities to grow: Annually structured review of employee levels, with promotion and salary adjustments based on performance and contribution. Variety of Responsibility: this role will offer a dynamic working environment, and the opportunity to get involved in a wide scope of topics.
Highly respectful, supportive, professional working environment. On-going opportunities for training, development and progression.