About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation.
This in turn helps us to provide better support to our broad client base. 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, the Audit Manager is expected :
To act as a Team Member on assigned audit work involving all areas of the Bank, but especially in relation to Finance and Support Functions in HK;
To act as Team Leader for assigned audit and take responsibility for overseeing the planning and execution of the audit, maintaining the audit budget, including drafting 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 explain the risks and impact of issues identified during testing to GIA and business management
The individual may support in department wide exercises such as annual planning, risk assessment and training.
To actively manage relationships with senior auditee management and stakeholders;
To support GIA audit teams by providing product / country knowledge and expertise for their audits relating to the individual’s area of expertise;
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; and
To attend and present at formal committees and Group meetings on behalf of HOAs and SAMs, as required, e.g. Governance Committees and Country Non-Financial Risk Committees.
Issue validation : Ensure that all audit issue action plans agreed during audit fieldwork are tracked through to completion in accordance with methodology requirements
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
Assist the HOA to effectively manage the cost of assigned audits within the allocated budget for audit engagements.
Identify opportunities for efficiencies within audit work
Participate as team member or team leader for assigned audit work and potentially lead the more complex audits such as cross-functional and multi-location high risk audits;
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.
Support the HOA 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, 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.
Establish and maintain effective working relationships with the management of business units which fall under risk assessment responsibility
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.
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.
Support GIA 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.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Designated business stakeholders, typically related to individual audit assignments and the assigned portfolio; and
GIA stakeholders team leaders, team members, team managers, Product, Functional, Country and Regional Heads of Audit.
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.
Our Ideal Candidate
Experience in audit, governance, risk or in a business environment;
Professional audit certification preferred
In-depth understanding of CFCC, HR, and Legal risk management and associated control requirements;
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;
Exercise professional judgment, objectivity and discretion
Ability to work within a global team.