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 Audit Manager is expected:
•    To act as a Team Member on assigned audit work involving Commercial & Institutional Banking (CIB) and Support Functions risk across the Americas. 
•    To act as Team Leader, when applicable, and take responsibility for overseeing the delivery of high quality audits, including finalising of audit issues and the audit report;
•    To ensure that assigned audit work 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 provide ongoing continuous monitoring support to Heads of Audit (HOAs) and Senior Audit Managers (SAMs) in respect of the business and raise issues and observations outside of formal audit work to expedite rectification of control weaknesses;
•    To support 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;

Key Responsibilities

•    To attend formal committees and Group meetings on behalf of the HOA/SAM 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;  
•    Issue validation: all audit issue action plans agreed during audit fieldwork should be tracked through to completion in accordance with methodology requirements.

Strategy
•    Support the HOA and SAMs where required, in the development of the GIA risk assessment and development of an appropriate audit plan for the HOA’s assigned portfolio;
•    Propose audits for coverage during the audit cycle based on their knowledge of the business; and 
•    Carry out their role in line with the Audit Charter and remain independent from management and free from interference.

Business
•    Assist the 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.    
•    Establish and maintain effective working relationships with the management of business units which fall under risk assessment responsibility.

Processes
•    To act as a Team Member or Team Lead on assigned audit work involving CIB & Functions risks across the Americas. This will entail the detailed production of various deliverables throughout the established phases of audit execution, including, but not limited to Audit Planning Memoranda, control testing documentation, issue and action plan drafts and production of draft reports for GIA management  review;
•    Ensure that audit deliverables meet quality standards and timelines in line with the GIA methodology;
•    Draft and submit inputs to the audit scope (including the Audit Planning Memo and Process Risks Controls Matrix) proposed by the Audit Lead;
•    Assist in the drafting of the audit report in the GIA report review process; and
•    Track the implementation/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/action plan owners and escalate audit findings that remain unresolved.

Additional Responsibilities

People & Talent
•    Demonstrate proactivity and positive engagement during team sessions;
•    Influence change within the department by highlighting potential enhancements; 
•    Identify growth areas at the start of each audit, and discuss with the Audit Lead on how best to work on them during the work;
•    Identify and successfully complete key internal training for self-development; and
•    Support the HOA to proactively spot talent for GIA.

Risk Management
•    Support the HOA and SAMs to update the relevant assigned risk assessments on a regular basis to ensure that changes in risk profiles are identified in a timely manner, proposing changes to the assigned audit plan to the HOA, as appropriate;
•    Be prepared to raise issues/concerns outside the normal audit process;
•    At the request of the HOA or SAM, attend relevant meetings (e.g. Management Groups and Committees) 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; 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;
•    Ensure clear communication of findings/issues/root causes to all relevant clients and monitor/escalate any overdue actions plans to the appropriate business manager and/or governance committee for resolution; and
•    Ensure timely escalation of delays in execution of audit work, both to auditee management and GIA management.

Skills and Experience

•    In-depth understanding of Internal Audit process and IIA Standards. 
•    Strong communicator, both written and verbal, with ability to clearly explain controls to be tested and risks identified to audit and business management
•    Confident and courageous to raise and escalate ideas or concerns in a professional and timely manner
•    Proactive, self-directed and able to work with minimum supervision
•    Ability to work within a global team

Qualifications

•    A minimum of 5-7 years overall experience as an auditor, preferably with a focus on one or more of the following subjects: regulatory compliance, correspondent banking, global banking, finance, technology, data and functions experience.
•    Experience working in a Foreign Banking Organization preferable.
•    Effective collaborative skills that contribute to positive working relationships with counterparts in Group Internal Audit and the business.
•    Understanding of corporate and institutional banking, enterprise risk management, investment and/or wholesale banking regulations and associated control requirements;
•    Professional Certifications preferred: i.e.  CIA, CPA, CFE, CRCM;
•    Strong communicator, both written and verbal, with an ability to influence and an ability to gain the respect of management, regional stakeholders, peers and their teams;
•    Confident and courageous to raise/escalate issues in a pro-active, professional and timely manner; self-directed and able to work with minimum supervision

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 ter

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.

Recruitment Assessments

Expected annual base pay range for the role is 106,600 USD to 159,900 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations 

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