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Yves Decoster

Head of Division

European Investment Bank XL

Yves Decoster is currently Division Head in Internal Audit at the European Investment Bank also responsible for leading the IT audits of the Bank.  With 28 years of involvement in external and internal audit in Luxembourg and Geneva, Yves has acquired a sound experience in performing audits in the financial sector. Even before joining the IT audit profession, Data Analytics, innovation and audit efficiency have been centric in Yves’ career development.

 

Working first for an international audit firm in Luxembourg, in the year 2000, he paved the way for developing external audit automation for the investment funds’ industry. Yves has subsequently been in charge of enhancing the external audit approach for Banking clients through CAATs testing (Computer Assisted Audit Techniques). Today one of his current challenges is to support the implementation of the Internal Audit’s strategic plan leveraging on Integrated Audit through the use of Data Analytics aiming at enhancing Internal Audit efficiency and effectiveness.

 

Session

Friday, 20th - 12:10 p.m. to 1:00 p.m.

Concurrent session 7.5 - Building Internal Audit Data Analytics competencies 

In the current environment of rapid changes to business processes driven by organizational transformation and digitalization, many CAEs are worried that their function’s current skills and knowledge profile will not be sufficient to advance data analytics capabilities, provide impactful and timely audit coverage, and deliver needed risk and control insights to stakeholders.

Changes in business environments, emerging technologies and regulatory landscape led to consistent growth in using and generating data. To follow the pace of change and to take advantage of this data abundance, IA should adapt its methodologies and approaches to embed Data analytics in its main activities. The use of Data Analytics in a small to medium size IA function is a multivariable equation that once resolved will lead to efficient and sustainable implementation. These variables include management support and buy-in, the definition of a viable strategy that takes into account the constraints on resources and budgets, data governance and data quality and the identification of the needed competencies and tools. 

In this session, Yves Decoster and Sami Elleuch will share their experiences and will address the following questions: What are the prerequisites to building a successful IA Data Analytics strategy? What are the needed competencies? How to distribute the skills within IA? and how to select adequate tools? 

with  Sami Ellouch - Senior Internal Auditor - European Investment Bank