Head of Internal Audit

Description

PURPOSE OF ROLE :

Rakuten Europe Bank S.A. (“REB”), one of group companies of Rakuten Group, Inc. started operating as a bank in 2016. Prior to that it was known as Rakuten Payment Services S.A. a Payment Institution intermediating payments between the consumers and the merchants on the Rakuten's European e-commerce platforms. Rakuten Europe Bank S.A. is situated in the very heart of the city of Luxembourg and will soon be offering a range of banking products. In Luxembourg, we have a great team with people from all over Europe and beyond.

Currently we are looking for the head of internal audit to lead internal audit to be newly established, with a big picture, forward-looking and strong varied audit, risk, compliance, and IT background (ideally in Fintech domain). The ideal candidate also shows great interest in project-based work and working across functions to enhance corporate governance, compliance and internal controls to support REB to grow sustainably.

RESPONSIBILITIES & DUTIES :

• Develop strong and sustainable internal audit function in REB by sourcing and forming competent audit team, setting policies (respecting IIA standards, audit frameworks and 3 lines of defense model), assurance model, discipline (according to Rakuten’s competency), process and procedures in order to cover a diverse audit portfolio, and collaboration with Rakuten group internal audit.
• Planning, organization and execution of audits based on the annual audit plan to comply with such as CSSF regulation, statutory audit, and Rakuten group requirements (group regulations), as well as ad-hoc audits requested by the management of REB. The plan must not only ensure that departments, functions and business units are operating consistently with REB’s policies and procedures, but also must reflect a thorough understanding of the REB's evolving business strategies, services, IT systems, products and operations, whilst catching up with changing regulatory environment and its impact on corporate governance and internal controls. This is necessary to provide both internal and external assurance with various stakeholders.
• Day-to-day management and supervision of internal audit staffs, and overall control of the audit process, programs and review of test results and working paper quality. In addition, where it’s necessary, conduct audit or investigation by her / himself, especially in complex, sensitive audit domains requiring sound knowledge, experience, skills and special due care.
• Overall control of solution-oriented evaluation of the audit results, identification of risks and agreement upon risk-minimizing measures with the relevant departments, including follow-up support on findings from statutory auditor and regulators (CSSF, etc).
• Regular reporting of results and status update of remedial actions, where it’s necessary, to authorized management, at board of directors meeting, internal controls system committee and other important management meetings, and for urgent or critical matters, report immediately and effectively to management.
• Maintain and further enhance audit quality (including archiving and roll-forward working papers), provide internal audit staff with continuous professional development opportunity
• Further development of policies, methods, processes and technologies used for internal auditing by leveraging group internal audit resource and know-how, or external resource.
• Primary contact point for statutory auditors and supervisory authorities for internal audit, and coordinate responses with various stakeholders in REB, and Rakuten group.
• Budget planning and maintenance to sustain internal audit activities throughout the year.

EXPERIENCE, KNOWLEDGE, SKILLS & QUALIFICATIONS REQUIRED FOR THE ROLE :

Languages :

English (Overall - 3 - Advanced)