Job: AuditPrimary

Location:
Europe & Americas-United Kingdom-LondonSchedule: Full-timeEmployee Status: PermanentPosting Date: 10/Jan/2022, 1:05:22 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 ResponsibilitiesThe role is responsible for audit coverage of both the Global Research and FM regions as part of the Financial Markets business.

Financial Markets

Financial Markets ("FM") is one of the products offered under the CCIB business and accounted for USD3.9bn (c.26%) of Total Product Income in 2020. Budget for 2021 is c USD5.5bn with the incorporation of key areas of the Corporate Finance business. The FM business consists of the below products plus a Regional Head of FM:

Macro / Commodities TradingSales and StructuringFinancing and Securities ServicesGlobal Research and Chief StrategistCredit MarketsAviation Finance

FM Regions and Global Research

In addition to products, the FM Business is organised into the four regions of:

Asia, South AsiaGreater China and North AsiaAfrica and Middle EastEurope and Americas

The Group research function is responsible for delivering research publications for clients spanning:

Economic researchGeopolitical researchGlobal Macro and flows strategyRates, Credit, FX and commodities insightsGlobal thematic research

Group Internal Audit

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 role 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

Audit Delivery

To oversee the delivery of audits by the teams to meet quality standards and timelines in line with the GIA methodology.Provide guidance on business/audit technical knowledge and management skills to the team to enable them to effectively deliver the audits.Provide technical input and challenge on audit work being undertaken, to ensure that the audit is properly scoped according to risk.Be aware of delays in the execution of audit work, and to proactively manage both the auditees and GIA to bring the audit back on track for delivery; role model this behaviour to the Team.Lead by example on how to communicate audit-related matters and resolve any conflict between auditors and auditees during the course of an audit. Use networks and relationships to build engagement and achieve results.Sign off (within authority) on audit reports and issue closures post audit validation. To act as Team Manager, as necessary, and take responsibility for overseeing the delivery of high quality audits. Responsible, where serving as Team Manager, for the finalisation of audit issues and the audit report.

Strategy

To take responsibility and contribute to the GIA risk assessment and design the subsequent risk-based audit plan for FM Regions work and Global Research.To provide subject matter expertise to regional work and to provide coordination to deliver consistent, efficient coverage.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.Consider whether the assigned audit plan remains relevant throughout the year as the risk profile of the business changes. Propose changes as appropriate, and,Ensure that audit team operates in line with the Audit Charter during engagements, remains independent from management and free from interference.

Business

Effectively manage the cost of assigned audits within the allocated budget for audit engagements, andIdentify and implement opportunities for cost savings and optimal productivity of assigned audit engagements.

Processes

Understand the risks, controls and associated processes within the FM regions and Global Research portfolio as detailed within the ERMF.Utilise the knowledge of the ERMF within the audit work to focus on key risks and controls.

People and Talent

Lead through example and build appropriate culture and values. To role model the valued behaviours and develop an environment in which positive behaviours are celebrated and poor culture is challenged.Demonstrate strong leadership and ability to motivate and guide the team as well as identify growth areas on an ongoing basis and how best to develop them.Share knowledge to increase specialism within the function.Influence change within the department by highlighting potential enhancements.Facilitate the development of audit team members by providing on the job training and recommending formal training to support GIA activities; andProactively spot talent for GIA.Encourage staff to 'speak up' in event of any realised or perceived breach of group conduct rules.

Risk Management

Manage the relevant 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.Promote early identification and escalation of risks, issues, trends, and developments to relevant stakeholders. Serve as the GIA portfolio subject matter expert - proactively engage with peers and stakeholders to maintain, build and share knowledge.

Governance