Introduction

Our client, a reputable banking institution in Luxembourg, is seeking an experienced Internal Audit Manager to strengthen their Internal Audit function. This is a high-impact role focusing on alternative investment funds (AIFs) and depositary services, ideal for a professional with strong regulatory knowledge and leadership capabilities.

Key Responsibilities

• Lead and execute internal audits across AIF structures and depositary operations.
• Evaluate internal controls, risk management, and regulatory compliance frameworks.
• Prepare audit reports, present findings, and ensure timely follow-up on remediation.
• Monitor regulatory developments, especially CSSF circulars and AIFMD requirements.
• Contribute to audit planning and the enhancement of audit processes and tools.

Requirements

• Minimum 5 years of internal audit experience within banking or fund services.
• Strong understanding of AIFs and depositary functions.
• Degree in Audit, Finance, or related field; certifications like CIA or ACCA are an asset.
• Proven experience managing audits and mentoring junior staff.
• Fluent in English; knowledge of French or German is a plus.