Credential

Risk Assessment and definition of the multi-year audit plan

Context and Objectives

As part of the the reorganization of periodic control, the Internal Audit management wants to evaluate risks related to its entities and business lines. The methodology used had to be homogenous across all their European territories.

 The objectives of our mission:

• Develop a consolidated audit plan to ensure effective coverage and comprehensive risk assessment over a period of 5 years
• Identify resources and skills needed 

Our approach

• Framework: definition of scope and deliverable, identification of internal contacts
• Coordination and validation of the "Risk Assessment" of internal auditors on all business lines (retail banking, specialized financing, Private Banking, asset management, insurance, investment bank)
• "Risk Assessment" of entities without internal auditors
• Analysis of local audit plans' relevance
• Construction of the group audit plan and budgeting of resources needed