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Audit Manager

Employer
Standard Chartered
Location
Charing Cross, Central London, United Kingdom
Salary
Competitive Salary
Closing date
Dec 6, 2021

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Job Role
Auditor
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Job: AuditPrimary

Location:
Europe & Americas-United Kingdom-LondonSchedule: Full-timeEmployee Status: PermanentPosting Date: 15/Nov/2021, 11:21:45 PMUnposting Date: OngoingAbout 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 ResponsibilitiesGIA 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:

      Customer experienceEffective Group changeIdentifying 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 Support Function 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; andIdentify 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 HR, LCS and CABM 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; andReview 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:

    Manage the relevant portfolio stakeholders 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.Use networks and relationships to build engagement and achieve results.Escalate delays in the execution of audit work, 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
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.

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