Job Summary

Group Internal Audit (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 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’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, the senior audit manager is expected:

• to act as a team leader on assigned audit work managing the auditors working on the audit to deliver the audit planning memo, controls document, agree issues and action plans with management and submission of draft report to the team manager for review;
• 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 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 GIA 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 design and implementation of department wide exercises such as annual planning, risk assessment and training;

• to support GIA audit teams by providing product/country knowledge and expertise for their audits relating to the individual’s area of responsibility;
• to attend and present at formal committees and group meetings on behalf of the head of audit (hoa) or for their own area of responsibility, as required, e.g. Governance committees and country non-financial risk committees; and
• the individual will support the HOA in their role as the GIA portfolio/country subject matter expert, depending on the skills of the individual.

Key Responsibilities

Strategy

• Support the Head of Audit (HOA) where required, in the development of the GIA risk assessment and development of an appropriate audit plan for the HOA’s assigned portfolio;
• Support the HOA to confirm that audits assigned to the individual in the GIA audit plan address the key risks identified in the detailed risk assessment and in the audit planning process, and meet relevant regulatory requirements and expectations that are required to be covered by GIA;
• Support the HOA to assess the assigned audit plan to confirm that it remains relevant throughout the year as the risk profile of the business changes. Propose changes as appropriate; and
• Ensure that audit team operates in line with the Audit Charter during engagements, remains independent from management and free from interference.

Business

• Assist the Head of Audit (HOA) 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.

Processes

• To act as a Team Lead or Team Manager on assigned audit work. Also, have the ability to perform audits of business/ functions. This will entail managing the auditors working on the audit to deliver the Audit Planning Memo, Controls Document, agree issues and action plans with management and submission of draft report to the Team Manager 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 GIA methodology;
• Provide guidance on business/audit technical knowledge and management skills to team leaders and team members to enable them to effectively deliver their assigned contributions for an audit;
• Provide technical input and challenge on audit work being undertaken within the scope of assigned product / country area of responsibility. This will include working with the audit team to produce high quality outputs which address the risk;
• GIA methodology should be adhered to in all areas of the audit engagement, as well as raising team members’ awareness and understanding of the methodology;
• Demonstrate sound knowledge of both business areas and expert knowledge in the audit process, including the GIA system, to ensure that audit work is carried out to a high standard that meets all methodology and GIA system requirements;
• Take the lead in presenting the draft report in the GIA report review process (to the tollgate or report approver); and
• Have a thorough understanding of the regulatory landscape and to ensure that all key regulatory concerns are covered in the audit scope.
• Monitor the implementation/delivery of the agreed issues/audit plans for the audits assigned, understanding the key risks arising, provide advice on resolution issues to auditees/action plan owners and escalate audit findings that remain unresolved.

People & Talent

• Demonstrate strong leadership and ability to motivate and guide audit team leaders and members
• Influence change within the department by highlighting potential enhancements;
• Identify growth areas at the start of each audit, and discuss with the Team Manager on how best to develop them during the work;
• Provide written performance feedback to team members at the end of an audit. Review and agree the feedback provided with the Team Manager;
• Identify and successfully complete key internal training for self-development;
• Facilitate the development of audit team members by providing on the job training and recommending formal training to support GIA activities; and
• Support the HOA to proactively spot talent for GIA.

Risk Management

• Support the HOA to update the relevant assigned risk assessments as part of the Continuous Risk Assessment on a regular basis so that changes in risk profiles are identified in a timely manner, proposing changes to the assigned audit plan to the HOA, 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 relevant to assigned country / product area (e.g. Management Groups and Committees) at the request of the HOA to keep up-to-date on key business matters and provide the right challenge to ensure risks are appropriately identified, discussed and timely remediation plans are put in place;
• Adopt an anticipatory 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.

Governance

• Assist the HOA to manage the relevant Product/Country clients 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 to the HOA, 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. Use networks and relationships to build engagement and achieve results.
• Delays in the execution of audit work should be escalated in a timely manner, both to auditee management and GIA management.
• Be able to clearly explain issues identified along with the risks and root causes to GIA and business management, using language designed to be understood by non-experts; and
• Assist the HOA to manage the relevant Product/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.

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.
• 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.
• Support the GIA to achieve the outcomes set out in the Bank’s Conduct Principles.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

• Designated business stakeholders, typically related to individual audit assignments and the assigned portfolio; and regulator
• GIA stakeholders – team leaders, team members, team managers, Product, Functional, Country and Regional Heads of Audit.

Other Responsibilities

• Embed Here for good and Group’s brand and values in GIA; and
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Skills and Experience

• Microsoft Office 
• Excel, Word, PowerPoint and Visio

Qualifications

• UNIVERSITY DEGREE AND PROFESSIONAL CERTIFICATION (SUCH AS ACA, ACCA, OR CPA) PREFERRED

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.