JOB SUMMARY

This role could be based in UK or Singapore. When you start the application process you will be presented with a drop down menu showing all countries, Please ensure that you select a country where the role is based.

The individual is responsible for audit strategy relating to Compliance, Financial Crime and Conduct Risk (“CFCR”) and Legal, Company Secretariat and Shared Investigative Services ("LCS") audit portfolios, in accordance with the Group’s Audit Charter, as approved by the Audit Committee, and for reporting directly to the Global Head of Audit for Functions.  In addition to the pan CFCR Global Head of Audit responsibility, this role has ‘portfolio level delivery responsibility’ for Governance, Assurance and COO within CFCR.  The individual will also be a member of the Senior Leadership Group (SLG) in GIAI

This is a Managing Director SME leadership role as part of the Global Functions Centre of Excellence team across complex Compliance and Financial Crime risks and requires the ability to provide leadership over these risk areas.  In addition, provision of SME guidance, support, technical leadership, testing plans for audits in other product and country teams impacting CFCR disciplines will be an important part of this role.  The confidence, gravitas and experience to deal with very senior stakeholders (within GIAI and across the SCB Group), and regulators will be a common feature of this leadership role

RESPONSIBILITIES

GIAI represents the third line of defence whose primary role is to help the Board and Executive Management to protect the assets, reputation and sustainability of the Group.  GIAI provides independent assurance on the management’s awareness of risks and the effective execution of controls within their business activities (the first line) and of the relevance, effectiveness and monitoring of risk and related controls maintained by the Risk Framework Owners and Policy Owners (the second line).

In addition to the responsibilities defined in the Audit Charter to protect the assets, reputation and sustainability of the group. The Senior Audit Director is expected:

• To lead through example, build the appropriate culture and values, develop valued, engaged and motivated teams, grow our people, strengthen inclusivity, team engagement, wellbeing and psychological safety.
• Be a leader who helps grow the Bank, harnessing a strategic mindset and the ability to navigate complex situations and ambiguity
• Contribute to the broader GIAI strategy and to key deliverables as required
• Be a champion in managing change as Bank and GIAI evolves with time
• Be an active thought leader and provoker as part of the GIAI Senior Leadership Group (SLG)
• Be an advocate of GIAI strategy goals and align and embed it in audit delivery 

• To oversee and where necessary Team Manage audit delivery by taking responsibility for high-quality audits, providing insights and impactful commentary on the management of risks.  Responsible, where serving as Team Manager, for the finalisation of audit issues and the audit report.
• To role model the valued behaviours and develop an environment in which positive behaviours are celebrated and poor culture is challenged.
• To oversee that work carried out by the team is executed in an efficient and effective manner, within the given budget and timelines, and in line with GIAI methodology standards.
• To 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 raised.
• To lead continuous monitoring of assigned countries / portfolio areas, and to build and maintain engagement with stakeholders. 
• To take responsibility for the implementation and support of department-wide exercises such as annual audit planning, risk assessment and training.
• To support GIAI audit teams by providing product / country knowledge and expertise for their audits relating to the individual’s area of responsibility.
• To attend and represent GIAIO at formal committees and Group meetings, providing meaningful challenge and data-driven insights, as required, e.g., Governance Committees and Country Non-Financial Risk Committees; and
• To serve as the GIAI Senior Director for Compliance, Financial Crime and Conduct Risk (“CFCR”) and LCS– proactively engage with peers and stakeholders to maintain, build and share knowledge.  
• Issue validation: All audit issue action plans agreed during audit fieldwork should be tracked through to completion in accordance with methodology requirements.
• Drive the usage of analytics and innovation within the portfolio for risk identification and audit insights for decision making / actions.
• Explore and drive AI/Gen AI use cases within the portfolio for development with the central analytics team
• Work closely with key stakeholders to embrace the usage of analytics for continuous monitoring and auditing strategies.

Strategy
•    Ensure that the CFCR audit team takes into account the Group's strategy and are able to form an independent view of whether the key risks in the organisation have been identified, including emerging and systemic risk and assess how effectively these risks are managed. Ensure that the teams remain current with changes in regulatory expectations of GIAI.
•    Oversee the development of the Audit Plan and Audit Coverage Strategy as it relates to the CFCR portfolio, ensuring it appropriately addresses the regulatory requirements and expectations.
•    Oversee effective execution of the Audit Plan across CFCR portfolio to a high standard.
•    As a direct report of a GIAI Audit Executive Team member (including requirements to attend the AET) from time to time) take broad responsibility for the operation of the Function.
•    Develop and deliver the GIAI Performance Scorecard with the GIAI AET.

Audit Delivery

•    To act as Team Manager, as necessary, on assigned audit work involving CFCRL and LCS portfolios across the Group. This will entail managing the Team Leader and team members working on the audit to deliver the Audit Planning Memo, Process Risks Controls Matrix, agree issues and action plans with management and submission of draft reports to the Functions Chief Auditor for review.
•    Provide clear guidance, detailed review and supervision of the audit team’s work so that audit deliverables meet quality standards and timelines in line with the GIAI methodology.
•    Provide guidance on business and audit technical knowledge and management skills to team leaders and team members to enable them to effectively deliver their assigned audit work. 
•    Provide technical input and challenge on audit work being undertaken within the scope of assigned product or country area of responsibility. This will include working with the audit team to produce outputs of high quality which address the areas of greatest risk.

•    Support adherence to the GIAI methodology in all areas of the audit engagement, as well as raising awareness and understanding of the methodology.
•    Demonstrate sound knowledge of both business and technical areas and expert knowledge in the audit process, including the GIAI system, so that audit work is carried out to a high standard that meets all methodology and GIAI system requirements.
•    Take the lead in presenting the draft report in the GIAI report review process (to the tollgate or report approver); and
•    Monitor the implementation and delivery of the agreed issues and action plans for the audits assigned, understanding the key risks arising, provide advice on resolution of issues to auditees and action plan owners and escalate audit findings that remain unresolved.

Business (Budget)

•    Effectively manage the cost within the allocated budget for audit engagements.
•    Identify and implement opportunities for cost savings and optimal productivity of assigned audit engagements

Risk Assessment

•    Update the assigned Continuous Risk Assessment on a regular basis to identify changes in risk profiles and document these in a timely manner, proposing changes to the assigned audit plan, as appropriate.
•    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.
•    Attend relevant meetings (e.g., Compliance and Financial Crime Management Groups and risk Committees) provide insights and meaningful challenge, ensuring risks are appropriately identified, discussed and timely remediation plans are put in place.
•    Adopt a proactive approach to risk assessment through stakeholder engagement and monitoring of the external environment to improve audit planning; and
•    Review MI and reports regularly to keep up to date with key trends within the business and audit deliverables.

Stakeholder Management

•    Establish and maintain effective working relationships with the management of business units which fall under portfolio responsibility.
•    Effectively manage external stakeholders such as regulators and reviewers.

People & Talent

•    Build a collaborative and inclusive culture that creates psychological safety, treating people with courtesy, respect and promotes wellbeing.
•    Develop and manage audit talent by guiding the audit team’s development & career growth - Build the right skills, capacity and specialism in the right teams/locations.
•    Deliver a robust succession plan.
•    Empower the team to innovate and make creative decisions to meet business needs; recognise staff that innovate or go the extra mile.
•    Contribute to building a high performing function through frequent check ins and coaching evidenced by use of Feedback mechanisms.
•    Influence change within the department by highlighting potential enhancements. 
•    Identify and successfully complete key internal training for self-development; proactively seek an external lens to support delivery of meaningful audit work.

Governance
•    Manage the relevant Product or Country stakeholders, as appropriate, and establish good working relationships to help the businesses improve the control environment and keep updated with changes in the business impacting their risk profile.
•    Propose changes to audit plans, so the audit plan remains relevant.
•    Lead by example on how to communicate audit-related matters and resolve any conflict between auditors and auditees during an audit.  Use networks and relationships to build engagement and achieve results.
•    Escalate delays in the execution of audit work, both to auditee management and GIAI management, role model this behaviour to Team members.
•    Be able to clearly explain issues identified along with the risks and root causes to GIAI and business management, using language designed to be understood by non-experts

Regulatory & 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.
•    Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association (or equivalent).
•    Support GIAI to achieve the outcomes set out in the Bank’s Conduct Principles.
•    Lead the GIAI CFCR and LCS Audits and 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

Key Stakeholders
•    This role will face off to the most senior levels with CFCR.  Experience of dealing directly with leaders at this level including one down from the CEO is required – both for discussions of complex and challenging audit reports/issues and the ability to stand up to challenge with confidence.
•    Manage the ongoing relationships with the Group Head of CFCR, Chief Compliance Officers, CFCR MT and one downs.  
•    Manage relationships with other Senior Directors and Directors in GIAI across CIB, WBR and T&O audit teams.  This is important to drive audit coverage in these teams of key Compliance, Financial crime and where relevant, Conduct risks.
•    External Auditors/Professional Services Companies
•    Regulators where required – for example quarterly meetings and responding to requests for provisions of audit work, coverage and meeting with regulators to present in these areas.
•    Committee Reporting and attendance where required (GFCRC, CFCC OG, RCOG, BRC, AC and Board CSC) – paper preparation and if necessary, attendance at the committee for items impacting CFCR and CFCR risks.

Qualifications
•    An experienced career auditor (internal and external) or a business person who has a breadth of experience in either audit and/or governance.
•    Demonstrable experience of Audit requirements in CFCR. 
•    Has worked directly with regulators
•    Strong leadership qualities, interpersonal and people management skills
•    Strong communicator, both written and verbal, with ability to influence and to gain the respect of senior management, stakeholders, peers, and their teams.
•    Strong sense of integrity and financial independence with an ability to challenge.
•    Confident and courageous to raise / escalate issues in a pro-active, professional and timely manner.
•    Highly credible with their counterparts in the business.
•    Understanding of regulatory landscape and working culture across a number of geographies
•    Self-directed and able to work with minimal supervision.
•    Demonstrate understanding of and commitment to the Group’s core values.
•    Professional audit certification preferred
•    Ability to perform the role of “Change Leader”
•    Ability to travel internationally from time to time to support GIAI activities & delivery across the group  
•    Good appreciation over the possibilities of analytics tools, techniques and AI/GenAI usage during the audit life cycle 
•    Working experience with analytics/visualisation tools such as PowerBI, Tableau, or similar tools, and is able interpret data insights from data visualisations, and guide the team in generating good visualisations
•    Certifications around analytics and AI/Gen AI will be an advantage

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 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
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

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 leave, parental/maternity (20 weeks), sabbatical (12 months 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.