Job Description

Job: Audit
Primary Location: Asia-Singapore-Singapore
Schedule: Full-time
Employee Status: Permanent
Posting Date: 13/Jul/2022, 12:01:13 AM
Unposting Date: 12/Aug/2022, 5:59:00 PM

Role Responsibilities
Your role will be accountable for the design and execution of strategy for the audit coverage of Transaction Banking Operations, Client Coverage Operations and Financial Crime Compliance Operations. To do this effectively, your priority focus will be to lead, coach and develop your GIA team, and those internal auditors adjacent to your team. You will need to collaborate with your internal GIA leadership partners, to build an integrated coverage model. The aim is to build timely coverage of priority risks, while accepting audit risk in a thoughtful and considered manner. While you own this area, your coverage only works effectively when we operate as ‘One GIA’. You will need to work closely with the business, to challenge thoughtfully and effectively. Our aim is to help the Group learn from its mistakes, and to build a better controlled path to quality client experience and increased revenue. To achieve all of the above, you will need to create trust, with your team, your GIA partners and your business stakeholders. Strategy

• Own and deliver the strategy for risk assessment, coverage design and execution of third line assurance over the portfolio. Design the audits to address key risks and regulatory requirements / expectations. Assess the continued relevance of the audit plan throughout the year and propose right changes. Ensure that audit team operates in line with the Audit Charter during engagements and remains independent from management and free from interference.

Business

• Establish and maintain effective working relationships with the management of relevant business units. Serve as the GIA portfolio subject matter expert - proactively engage with peers and stakeholders, to maintain, build and share knowledge. Proactively seek an external lens to support delivery of meaningful audit work. Successfully manage external stakeholders such as regulators and reviewers. Identify and implement opportunities for improved productivity in own audits.

Processes

• Act as Team Manager, as necessary, and take responsibility for overseeing the delivery of high - quality audits, the performance of which cause minimal disruption to the business. Responsible, where serving as Team Manager, for the finalisation of audit issues and the audit report.
• Execute audit work and issue validation in an efficient and effective manner, within the given budget and timelines.
• Provide clear guidance, detailed review and supervision of the audit team’s work, so that audit deliverables meet quality standards.
• Clearly identify the risks and impact of issues during issue writing, agreeing these issues with management and obtaining quality management action plans to mitigate the risks.
• Provide guidance on business / audit technical knowledge and management skills to the team.
• Provide technical input and challenge on audit work being undertaken within the scope of the product area of responsibility.
• Support adherence to the GIA methodology in all areas of the audit engagement, as well as raising awareness and understanding of the methodology.
• Demonstrate sound knowledge of both business areas and expert knowledge in the audit process.
• Monitor the implementation / delivery of the agreed issues / audit plans. Provide advice the on resolution of issues to issue / action plan owners. Escalate unresolved audit issues.

People and Talent

• Demonstrate strong leadership and ability to motivate and guide your audit team. Share knowledge to increase specialism within the function. Identify personnel growth areas on an ongoing basis and identify how best to develop them. Provide constant performance feedback. Facilitate the development of audit team members by providing on the job training and recommending formal training to support GIA activities. Proactively spot talent for GIA.

Risk Management

• Lead continuous monitoring of portfolio areas and build and maintain constructive stakeholder relationships. Update the audit entities on a regular basis to identify changes in risk profiles. Propose any changes to the audit plan. Promote early identification and escalation of risks, issues, trends and developments to relevant stakeholders. Be prepared to raise issues/concerns outside the normal audit process. Adopt an anticipatory approach to risk assessment through stakeholder engagement and monitoring of the external environment to improve audit planning. Review MI and reports regularly to keep up to date with key trends within the business and audit deliverables.

Governance

• Attend and represent GIA at formal committees and Group meetings, providing meaningful challenge and data-driven insights. Manage the stakeholders and establish good working relationships to help the businesses improve the control environment. Lead by example on how to communicate audit-related matters and resolve any conflict during an audit. Use network and relationships to build engagement and achieve results. Escalate delays in the execution of audit work, both to business and GIA management. Be able to clearly explain issues, along with the risks and root causes to GIA and business management. Use language designed to be understood by non-experts.

Regulatory and Business Conduct

• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead the TB, CC Operations and FCS Operations Audit team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Deliver on our third line responsibilities, in line with our lead regulator (FCA & PRA) expectations.

Key Stakeholders

• Designated business stakeholders including Trade COO, Cash COO, CC COO, Head of Trade Operations, Head of Cash Operations and the Group Head of FCSO.
• GIA stakeholders – team managers, team leaders, team members, Product, Functional, Country and Regional Heads of Audit.

Other Responsibilities

• Embed Here for Good and Group’s brand and values in GIA.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
• GIA represents the Third Line of Defence and provides independent assurance of the effectiveness of management’s control of business activities (the first line) and of the control processes maintained by the Risk Framework Owners and Policy Owners (the second line). GIA works with the Group's other control functions, such as Finance, Risk and Compliance, but does not place unqualified reliance on their work. GIA is an independent function whose primary role is to help the Board and Executive Management to protect the assets, reputation and sustainability of the Group.

As defined in the Audit Charter, all staff in GIA must exhibit the highest level of professional objectivity in gathering, evaluating and communicating information about the under review activity or process. They must make a balanced assessment of all the relevant circumstances and not be unduly influenced by their own interests or by others in forming judgments. GIA will adhere to the Definition of Internal Auditing, the Core Principles for the Professional Practice of Internal Auditing, Code of Ethics and the Standards for the Professional Practice of Internal Auditing that are published by the IIA. It is expected that all members of GIA strive to operate as role models for the Group’s valued behaviours. GIA methodology has defined “Habits of a Human Auditor” which are aligned to the Group’s valued behaviours and communicated across the function. In addition to the responsibilities defined in the Audit Charter to protect the assets, reputation and sustainability of the group. The PHOA will lead on the delivery of the GIA Strategy for TB and CC Operations, FCSO, focusing on:

• Quality customer experience.
• Sustaining effective Group change.
• Identifying Group efficiencies and avoiding undue disruption from audit.

Our Ideal Candidate

• A Bachelor’s or Master’s degree holder.
• A CPA holder, or equivalent relevant Audit Qualification.
• 10+ years’ experience in Finance, with a preference for time spent in areas related to Transaction Banking and Client Coverage or Financial Crime Surveillance.
• 8+ years’ experience in an Internal Audit unit.

Role Specific Technical Competencies

• Business/ Audit Risk Assessment Skills
• Audit Execution and Delivery Skills
• Transaction Banking Product Proficiency
• Financial Crime Compliance Proficiency
• Data Analytics Skills
• Agile Work Practices Skills
• Verbal and Written Communication Skills
• Direct and Virtual Team Leadership Skills

About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
• Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum
• Flexible working options based around home and office locations, with flexible working patterns
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers