Role Responsibilities Group Internal Audit (GIA) represents the third line of defence and provides independent assurance of the effectiveness of management\xe2\x80\x99s 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 activity or process being examined. 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\xe2\x80\x99s valued behaviours. GIA methodology has defined \xe2\x80\x9cHabits of a Human Auditor\xe2\x80\x9d which are aligned to the Group\xe2\x80\x99s 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 Senior Audit Manager is expected Audit Delivery
To act as a Team Leader on assigned audit work involving Financial Markets (FM) across the Group. This will entail managing the auditors working on the audit to deliver the Audit Planning Memo, Risk Control Matrix (RCM) and Control Testing documents, agree issues and action plans with management and the submission of the draft report to the Team Manager for review
To confirm that assigned audit work, as well as the work carried out by team members is executed in an efficient and effective manner, within the given budget and timelines, and in line with the GIA methodology and standards
To clearly identify the risks and impact to clients, the FM business, and the Group. To agree these issues with management during audit and obtain quality management action plans to mitigate the risks identified
When opportunities arise, to act as Team Manager and take responsibility for overseeing the delivery of high-quality audits, including finalising of audit issues and the audit report
To support the Product Head of Audit (PHoAs) to undertake the responsibility for the design and implementation of department wide exercises such as annual audit planning and risk assessment
To support GIA audit teams by providing product/country knowledge. Where applicable, supports country audits in the execution of FM related audits
To attend and present at committees/forum on behalf of the PHoAs or for their own area of responsibility
The individual will support the PHoAs in their role as the GIA portfolio/country subject matter expert, depending on the skills of the individual
During issue validation, all management action plans agreed should be tracked through to completion in accordance with methodology requirements
Strategy
Support the PHoAs where required
To take responsibility and contribute to the GIA risk assessment and design the subsequent risk-based audit plan for the FM portfolio
Audits should address the key risks identified in the detailed risk assessment and in the audit planning process, and meet the relevant regulatory requirements and expectations that are required to be covered by GIA
Consider whether the assigned audit plan remains relevant throughout the year as the risk profile of the Financial Markets business changes. Propose changes as appropriate
Make sure the audit team operates in line with the Audit Charter during engagements, remains independent from management and free from interference
Business
Assist the PHoAs to effectively manage the cost of assigned audits within the allocated budget for audit engagements, and
Identify and implement opportunities for cost savings and optimal productivity of assigned audit engagements
People and Talent
Share knowledge to increase subject matter expertise within the function
Demonstrate strong leadership and ability to motivate and guide the team members during the audit execution
Influence change within the department by highlighting potential enhancements
Facilitate the development of audit team members by providing on the job training and recommending formal training to support GIA activities
Risk Management
Establish good working relationships and networking to help the businesses and second line improve the control environment and monitor changes impacting the risk profile
To attend and represent GIA at formal committees and forums and working groups, providing meaningful challenge and data-driven insights, as required
Promote early identification and escalation of risks, issues, trends, and developments to relevant stakeholders
Serve as the GIA portfolio subject matter expert \xe2\x80\x93 proactively engage with peers and stakeholders to maintain, build, and share knowledge
Governance
In absence of the PHoA, participate in audit tollgates to provide, independent challenge at key points in the audit process, make sure appropriate risks and coverage of audit scope, appropriateness of conclusions and issues raised
Be able to clearly explain the outcome of audits and the issues; as well as ensure that the results are reasonably justified and hold up under scrutiny
Propose changes to the audit plan to the PHoA, as appropriate, so that the audit plan remains relevant
Lead by example on how to communicate audit-related matters and resolve any conflict between auditors and auditees during the course of an audit
Delays in the execution of audit work should be escalated in a timely manner, both to auditee management and GIA management
Regulatory & Business Conduct
Display exemplary conduct and live by the Group\xe2\x80\x99s 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 audit team to achieve the outcomes set out in the Bank\xe2\x80\x99s Conduct Principles: Fair Outcomes for Clients; Financial Crime Compliance; The Right Environment
Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters
Stakeholder Management
Establish and maintain effective and independent working relationships with the management of risk functions and business units which fall under portfolio responsibility
Designated FM business stakeholders, typically related to the assigned portfolio
GIA stakeholders \xe2\x80\x93 GIA Management Team, peer Heads of Audit (Country and Functional) and the COO function
Other Responsibilities
Embed \xe2\x80\x98Here for Good\xe2\x80\x99 and Promote Group\xe2\x80\x99s valued behaviours in GIA.
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures
Our Ideal Candidate
5+ years of experience with career internal (or external) auditor, or risk governance practitioner (at regional or group level)
Professional audit certification preferred
Advanced subject matter expertise in the Financial Markets
Knowledge across a range of risk types (e.g., credit risk, traded risk, operational risk)
Solid understanding of regulatory guidance and requirements with regard to Financial Markets
Role Specific Technical Competencies
Group Internal Audit (GIA) \xe2\x80\x93 Risk and Control Assessment
Group Internal Audit (GIA) \xe2\x80\x93 Risk Management
Group Internal Audit (GIA) - Audit Planning
Group Internal Audit (GIA) - Audit Fieldwork
Group Internal Audit (GIA) - Audit Report Writing
Group Internal Audit (GIA) - Audit Methodology & System
Group Internal Audit (GIA) - Continuous Monitoring
Group Internal Audit (GIA)- Stakeholder Engagement
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 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
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