Overview

Senior Audit Manager, GCFO  (2200011255)
 

Job

: Audit

Primary Location

: Asia-Singapore-Singapore

Other Locations

: Europe & Americas-United Kingdom-London, Europe & Americas-Poland-Warsaw

Schedule

: Full-time

Employee Status

: Permanent

Posting Date

: 05/Sep/2022, 7:23:53 AM

Unposting Date

: Ongoing

 

 
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.

The Role Responsibilities

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 to protect the assets, reputation and sustainability of the group.  The PHOA will lead on the delivery of the GIA Strategy for their relevant portfolio – focusing on:

  1. Customer experience
  2. Effective Group change
  3. Identifying Group efficiencies and avoiding disruption from audit
  • To act as Team Lead/ Team Member, as necessary, and take responsibility for contributing to the delivery of high quality TREASURY audits, the performance of which cause minimal disruption to the business.
  • To role model the valued behaviours and develop an environment in which positive behaviours are celebrated and poor culture is challenged.
  • To execute assigned audit work, as well as the work carried out by the team, 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 support GIA audit teams by providing product knowledge and expertise for their audits relating to the individual’s area of responsibility.
  • Issue validation: All audit issue action plans agreed during audit fieldwork should be tracked through to completion in accordance with methodology requirements

Strategy

  • Audits assigned to the individual in the GIA audit plan should 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.
  • Ensure that audit team operates in line with the Audit Charter during engagements, remains independent from management and free from interference.

Business (Budget)

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

Audit Delivery

  • To act as Team Lead/ Team Member on assigned audit work involving TREASURY risk across the Group.
  • When Team Leading to 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.
  • When Team Leading to provide guidance on business/audit technical knowledge and management skills to 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 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 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/technical areas and expert knowledge in the audit process, including the GIA system, so that audit work is carried out to a high standard that meets all methodology and GIA system requirements.
  • Monitor the implementation/delivery of the agreed issues/audit 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.

Risk Assessment

  • Assist in the update of 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.
  • 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 and audit deliverables.

Stakeholder Management

  • Establish and maintain effective working relationships with the management of business units which fall under portfolio responsibility.

People and Talent

  • Share knowledge to increase specialism within the function.
  • Influence change within the department by highlighting potential enhancements. 
  • Identify growth areas on an ongoing basis and identify how best to develop them.
  • When Team leading provide performance feedback, as appropriate at the end of an audit.  
  • 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

Governance:

About Standard Chartered

We offer banking services that help people and companies to succeed, creating wealth and growth across our markets. Our heritage and values are expressed in our brand promise – Here for good.

With more than 86,000 employees and a presence in 60 markets, our network serves customers in close to 150 markets worldwide. We're listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

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