Senior Audit Manager - Cash & Trade Operations

The Role Responsibilities

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 ensure 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.

· Ensure that the assigned audit plan remains relevant throughout the year as the risk profile of the business changes. Propose changes as appropriate.

· Ensure that GIA operates in line with the Audit Charter, 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.

· Identify and implement opportunities for cost savings and optimal productivity of assigned audit engagements.

Processes

· Audit Delivery

· Participate as team manager for assigned audit work and potentially lead the more complex audits such as cross-functional and multi-location high risk audits.

· Provide clear guidance, detailed review and supervision of the audit team's work to ensure that audit deliverables meet quality standards and timelines in line with the GIA methodology.

· Review and recommend approval to the HOA of the audit scope (including the Audit Planning Memo, Process Risk Control Matrix and Terms of Reference) proposed by the team leader.

· 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.

· Review audit work performed by team members during the course of the audit to ensure effective execution and maintenance of quality standards.

· Ensure GIA methodology is adhered to in all areas of the audit engagement, as well as raising team members' awareness and understanding of the methodology.

· The audit manager is expected to have sound knowledge of both business/technical areas and expert knowledge in the audit process, including the GIA system, to ensure that audit work is carried out to a high standard that meets all methodology and GIA system requirements.

· Take the lead in presenting the draft report in the GIA report review process (to the report review group or report approver).

· 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

· Support the HOA to update the relevant assigned Product/Country 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.

· Ensure early identification and escalation of risks, issues, trends and developments to relevant stakeholders. Be prepared to raise issues/concerns outside the normal audit process.

· Engage with the respective HOA and business stakeholders on the status of rollout of the Operational Risk Framework and ongoing effectiveness of ORMAF/ORF.

· Adopt an anticipatory approach to risk assessment through stakeholder engagement and monitoring of the external environment to improve audit planning.

· At the request of the HOA, attend relevant Product/Country meetings (e.g. PGC, BORF, CORC) 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.

· Review Product/Country related MI and reports regularly to keep up-to-date with key trends within the business.

· Engage the GIA portfolio champions to update the permanent audit file within 4 weeks of the end of an audit.

Stakeholder Management

· Establish and maintain effective working relationships with the management of business units which fall under risk assessment responsibility. Such that regular positive feedback is received from stakeholders and auditees in relation to the appropriateness of issues raised and contribution to discussions/forums attended.

People and Talent

Group-standard responsibilities and accountabilities:

· Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.

· Ensure the provision of ongoing training and development of people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.

· Employ, engage and retain high quality people, with succession planning for critical roles

· Responsibility to review team structure/capacity plans.

· Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.

GIA-specific responsibilities and accountabilities:

· Demonstrate strong leadership and ability to motivate and guide audit team leaders and members.

· Influence change within the business.

· Ensure correct capacity planning for assigned audits to ensure optimal productivity of the team.

· Provide written performance feedback to team leaders at the end of an audit. Review and agree the feedback provided by the team leader to team members.

· Facilitate the development of direct reports and audit team members by providing on the job training and recommending formal training to support GIA activities.

· Support the HOA to proactively spot talent for GIA.

Communication:

· Communicate with stakeholders and external parties, and update the assigned Product/Country risk assessments on a regular basis, where appropriate, to ensure that changes in risk profiles are identified in a timely manner. Propose changes to audit plans to the HOA, as appropriate, to ensure the audit plan remains relevant.

· 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.

· Assist the HOA/ to manage the relevant Product/Country stakeholders, as appropriate, 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.

· Conduct/attend regular meetings with assigned business stakeholders.

· Provide stakeholders (approved by the HOA/line manager) with a single point of contact for the assigned portfolio. Provide regular value added reports and updates, as appropriate, on risk trends, emerging risks and GIA's opinion on the state of the control environment.

· Ensure clear communication of findings/issues/root causes to all relevant stakeholders and monitor/escalate any overdue actions plans to the appropriate business manager and/or governance committee for resolution.

· Apply a high level of attention to detail to ensure audit reports are accurate, clear and articulate key risks, root causes and impact.

· Support the team leader by attending and managing debriefs with auditee management at the end of an audit.

· Ensure timely escalation of delays in conforming to methodology standards, both to auditee management and GIA management.

· Develop an external network through participation in external and professional forums.

· Provide input to GIA audit teams for the assigned portfolio and audits on the scope, risks, findings and audit reports for audits managed.

· Continuously educate the business and stakeholders on the audit process to enable auditees to have a better understanding of the role and operation of GIA, with the aim of further building relationships and improving audit efficiency.

Risk Management

· GIA acts as the third line of defence under the Risk Management Framework and provides independent assurance of the effectiveness of management's control of business activities (the first line) and of the processes maintained by the Risk Control Functions (the second line). GIA provides risk-based assurance that the system of control is working as required by the Risk Management Framework.

· GIA staff shall have no direct operational responsibility or authority over any of the activities subject to Internal Audit's review. The Group Head, Internal audit is also responsible for ensuring that no staff in the function carry out any activity which may jeopardise their independence.

Governance

· Ensure compliance with the highest standards of regulatory conduct and compliance practices as defined by internal and external requirements.

· Adopt the Group's values and code of conduct in GIA to ensure adherence with the highest standards of ethics and compliance with relevant policies, processes and regulations.

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.

· Lead the FCC Audit team to achieve the outcomes set out in the Bank's Conduct Principles: Financial Crime Prevention and The Right Environment.

· Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

· Designated business stakeholders, typically related to individual audit assignments and the assigned portfolio

· GIA stakeholders - team leaders, team members and fellow team managers, Product, Functional, Country and Regional Heads of Audit.

Other Responsibilities

· Embed Here for good and Group's brand and values in GIA

· Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

QUALIFICATIONS - training, licenses, memberships and certifications

· An experienced career auditor (internal or external) or a business person with a minimum of 7 years relevant experience in audit, governance, risk or in a business environment.

· Understanding of business strategy, plans, products, performance and related issues at the business unit level.

· Strong communicator, both written and verbal, with ability to influence and gain the respect of management, stakeholders, peers and audit teams.

· Confident and courageous to raise/escalate issues in a proactive, professional and timely manner.

· Proactive, self-directed and able to work with minimum supervision.

· Ability to manage an audit team, including multi-functional and cross-border teams.

· Demonstrate understanding of and commitment to the Group's core values.

· Degree qualified (in relevant discipline)

· Professional audit certification preferred.

· Ability to commit to 20-30% business travel.

· Ability to perform the role of Change Leader.

Our Ideal Candidate

· An experienced career auditor (internal or external) or a business person with a minimum of 7 years relevant experience in audit, governance, risk or in a business environment.

· Understanding of business strategy, plans, products, performance and related issues at the business unit level.

· Strong communicator, both written and verbal, with ability to influence and gain the respect of management, stakeholders, peers and audit teams.

· Confident and courageous to raise/escalate issues in a proactive, professional and timely manner.

· Proactive, self-directed and able to work with minimum supervision.

· Ability to manage an audit team, including multi-functional and cross-border teams.

· Demonstrate understanding of and commitment to the Group's core values.

· Degree qualified (in relevant discipline)

· Professional audit certification preferred.

· Ability to commit to 20-30% business travel.

· Ability to perform the role of Change Leader.

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