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Audit Manager - COO

Employer
Standard Chartered
Location
Bangalore Bengaluru Karnataka, Karnataka, India
Salary
Competitive Salary
Closing date
Jan 18, 2022

View more

Job Role
Auditor
Sector
Finance
Contract Type
Permanent
Hours
Full Time
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


    To act as a Team Member on assigned audit work involving GBS and Functions risk across the GIA GBS
    To act as Team Member and take responsibility for working with the Team Leader during the planning and execution of the audit, including drafting of audit issues and helping the TL to draft 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&rsquos 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

    Strategy

      Support the HOA and SAMs where required, in the development of theGIA risk assessment and development of an appropriate audit plan for the HOA&rsquos 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 (Budget)

        Assistthe HOA to effectively manage the cost of assigned audits within the allocated budget for audit engagements.
        Identify opportunities for efficiencies within audit work.

        Audit Delivery

          Work during Business hours to support the GIA GBS Team
          Participate asteam member or team leader for assigned audit work involving GBS and Functions risk across the GIA GBS and potentially work on 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
          Assist to draft and submit inputs to the audit scope (including theAudit 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.

          Risk Assessment

            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.

            Stakeholder Management

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

              People and 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.

                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.

                  Regulatory & Business Conduct

                    Display exemplary conduct and live by the Group&rsquos 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&rsquos Conduct Principles: [Fair Outcomes for Clients Effective Financial Markets Financial Crime ComplianceThe Right Environment.] *
                    Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

                    Key Stakeholders

                      GBS Teams and Functions
                      Designated business stakeholders, typically related to individual audit assignments and the assigned portfolio and
                      GIA stakeholders &ndash team leaders, team members, team managers, Product, Functional, Country and Regional Heads of Audit.

                      Other Responsibilities

                        Embed Here for good and Group&rsquos brand and values in GIA and
                        Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

                        Our Ideal Candidate


                          A minimum of 2-3 years overall experience as an auditor, preferably one or more of the following areas of subject matter expertise: correspondent banking, finance, technology, data and functions experience.
                          Effective collaborative skills that contribute to positive working relationships with counterparts in Group Internal Audit and the business.
                          In-depth understanding of correspondent banking and overall enterprise risk management, regulatory requirements and associated control requirements
                          CIA, CPA or Chartered Accountant qualified
                          Strong communicator, both written and verbal, with an ability to influence and an ability to gain the respect of senior 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
                          Professional audit certification preferred

                          Apply now to join the Bank for those with big career ambitions.
                          To view information on our benefits including our flexible working please visit our . We welcome conversations on flexible working.

                          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

                          Skills: Audit Manager - COO

                          Experience: 2.00-3.00 Years

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