Ruxandra Bilius, IIA Romania

Head of Internal Audit, Bank of Cyprus (Romania Branch)

Ruxandra is a founder member and the President of Romanian Association of Internal Auditors (IIA Romania).

She has more than 15 years working experience in banking industry, mainly in fields related to internal controls, compliance, operational risk and internal audit: financial management control at branch level, supervision of territorial inspection departments, identify and assess risks and monitor implementation of mitigating actions, assist the Board in implementation of internal control system in compliance with Central Bank requirements, coordinating assurance engagements and follow-ups, reporting to the Board on significant risks management.

Ruxandra had previous positions with Big4 companies in Romania for more than 5 years. As Senior Manager with the Enterprise Risk Services division she was leading internal audit practice. Her portfolio of clients included public institutions such as: supervisory authorities (Central Bank, Insurance supervisory Commission), state authorities (ministries and local councils), government agencies, national companies, for projects that included training for public internal auditors, quality assessment of the internal audit function, assessment of the internal control system in view of compliance with EC accreditation criteria, review and improvement of organizational structure in view of decentralization of management processes. She lead as well engagements for private sector clients, such as: banks and insurance companies (SOX implementation and testing, setup of the internal audit function, training of the internal auditors), distribution companies, applicants for EU funding (preparation or review of the application documentation, for compliance with administrative, eligibility, technical and financial requirements), automotive (training of internal controllers and assistance in view of business integration and SOX preparedness).

Ruxandra holds a University degree in Economics and a Master degree in Financial Monetary Policies in Market Economy with Academy of Economic Studies, Bucharest.
She is a Financial Auditor registered with the Chamber of Financial Auditors of Romania (CAFR), Internal Auditor certified with TÜV Thüringen for Quality Management Systems ISO 9000:2001. She is also a Certified Internal Auditor (CIA).
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