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Senior Audit Manager, Behavioural Risk

Employer
Standard Chartered
Location
Charing Cross, Central London, United Kingdom
Salary
Competitive Salary
Closing date
May 22, 2022

View more

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

Location:
Europe & Americas-United Kingdom-LondonOther Locations: Europe & Americas-Poland-WarsawSchedule: Full-timeEmployee Status: PermanentPosting Date: 10/Mar/2022, 4:06:28 AMUnposting 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 Responsibilities

The Senior Audit Manager, Behavioural Risk, Conduct & Ethics supports execution of audit coverage for the broader Compliance, Conduct & Regulatory Risk portfolio. Effective organisational risk culture is fundamental to achieving a robust control environment with engaged and motived staff, and is applicable to all business lines, functions and geographies. It is an area of increasing importance across global financial and non-financial sectors, and has been cited as a top risk by external (Regulators) and internal stakeholders (Senior Managers). The successful candidate will be a subject matter expertise in behavioural risk and culture, able to share specialist knowledge, guidance and insights to further GIA's coverage of this area as well as support audit execution across other Principle Risk Types under the HoA's remit.

The role has two sets of Bank stakeholders that further defines scope of responsibility:

    Internal GIA stakeholders (Product Heads of Audit / Country Heads of Audit) providing guidance and support to enable consistent coverage of Behavioural Risk, Conduct & Ethics across the Group.Internal non-GIA stakeholders (Compliance Behavioural Risk SMEs, and Senior Managers across Group Businesses / Functions) providing audit service through periodic delivery of audits of controls, governance and independent insights.
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 Senior Audit Manager is expected:

    To support GIA audit teams by providing subject matter expertise and knowledge relating to Behavioural Risk, Conduct, and Ethics. In particular, lead the ongoing development and implementation of GIA's approach to Behavioural Risk Assessment across the department;The individual will support the HOA in their role as the GIA portfolio subject matter expert, depending on the skills of the individual; To lead continuous monitoring of assigned countries / portfolio areas, and to build and maintain engagement with stakeholders;To attend and present at formal committees and Group meetings on behalf of HOA, as required, e.g. Governance Committees and Country Non-Financial Risk Committees. To take responsibility for the design and implementation of department wide exercises such as annual planning, risk assessment and training;To act as a Team Leader on assigned audit work involving Behavioural Risk, Conduct & Ethics across the Group. This will entail managing the auditors working on the audit to deliver the Audit Planning Memo, Controls Document, agree issues and action plans with management and submission of draft report to the Team Manager for review;Where required, to act as Team Manager and take responsibility for overseeing the delivery of high-quality audits, including finalising of audit issues and the audit report;To confirm that assigned audit work, as well as the work carried out by team members 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; Issue validation: Ensure that all audit issue action plans agreed during audit fieldwork are tracked through to completion in accordance with methodology requirements; andTo role model the valued behaviours and develop an environment in which positive behaviours are celebrated and poor culture is challenged.
Strategy

    Support the HOA where required, in the development of the GIA risk assessment and development of an appropriate audit plan for the HOA's assigned portfolio;Support the HOA to confirm that audits assigned to the individual in the GIA audit plan 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;Support the HOA to assess the assigned audit plan to confirm that it remains relevant throughout the year as the risk profile of the business changes. Propose changes as appropriate; andEnsure that audit team operates in line with the Audit Charter during engagements, remains independent from management and free from interference.
Business (Budget)

    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.
Audit Delivery

    To support GIA audit teams by providing subject matter expertise and knowledge relating to Behavioural Risk, Conduct, and Ethics. In particular, lead the ongoing development and implementation of GIA's approach to Behavioural Risk Assessment across the department;To act as a Team Lead or Team Manager on assigned audit work involving the Compliance, Conduct & Regulatory Risk portfolio, including Behavioural Risk, across the Group. This will entail managing the auditors working on the audit to deliver the Audit Planning Memo, Controls Document, agree issues and action plans with management and submission of draft report to the Team Manager for review;Contribute to complex cross-functional and multi-location high risk engagements;Provide guidance on business/audit technical knowledge and management skills to team leaders and 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 / country area of responsibility. This will include working with the audit team to produce high quality outputs which address the risk;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;Support adherence to the GIA methodology in all areas of the audit engagement, as well as raising awareness and understanding of the methodology;Take the lead in presenting the draft report in the GIA report review process (to the tollgate or report approver); Have a thorough understanding of the regulatory landscape and to ensure that all key regulatory concerns are covered in the audit scope;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; andDemonstrate knowledge of both business/technical areas and 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.
Risk Assessment

    Support the HOA to update the relevant assigned risk assessments as part of the Continuous Risk Assessment on a regular basis so that changes in risk profiles are identified in a timely manner, proposing changes to the assigned audit plan to the HOA, as appropriate;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; 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

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