Audit Manager, Markets

The role is responsible for audit coverage of both the Markets and XVA as part of the Markets business.

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 the portfolio referred to above – focusing on:

Audit Delivery

1. Act as a team member on assigned audit work involving Markets. This will entail working on the audit to deliver the Audit Planning Memo, Controls Testing document (RCM), obtain factual accuracy of audit issues raised and work with management to agree upon the action plans.
2. Execute work in an efficient and effective manner, within the given budget and timelines, and in line with GIA methodology standards.
3. If opportunities arise, act as a team leader on assigned audit work involving Markets. This will entail managing the auditors working on the audit and submission of draft report to the Team Manager for review.
4. Clearly identify the risks and impacts during audit issue identification. Apply the Writer’s writing style in both audit issues and audit report. Obtain quality management action plans to mitigate the risks identified.
5. Build and maintain engagement with stakeholders to support continuous monitoring efforts.
6. Support PHoA to undertake the responsibility for the design and implementation of department-wide exercises such as annual audit planning and risk assessment.
7. Provide product/country knowledge to support GIA audit teams. Where applicable, support country audits in the execution of Markets related audits.
8. Attend and present at committees/forum on behalf of PHoA or for their own area of responsibility.
9. Support the PHoA in their role as the GIA portfolio/country subject matter expert, depending on the skills of the individual.
10. Track all audit issue action plans agreed during audit fieldwork through to completion in accordance with methodology requirements.
11. Socialize knowledge with the wider GIA team through the conduct of trainings.

Support the PHoA where required

1. Take responsibility and contribute to the GIA risk assessment and design the subsequent risk-based audit plan for the Markets portfolio.
2. Ensure audits assigned in the GIA audit plan address key risks identified in the detailed risk assessment and meet relevant regulatory requirements.
3. Consider whether the assigned audit plan remains relevant throughout the year as the risk profile of the business changes and propose changes as appropriate.
4. Ensure that the audit team operates in line with the Audit Charter during engagements, remains independent from management and free from interference.
5. Assist PHoA to effectively manage the cost of assigned audits within the allocated budget for audit engagements.
6. Identify and implement opportunities for cost savings and optimal productivity of assigned audit engagements.
7. Propose changes to audit plans to the PHoA, as appropriate, to ensure the audit plan remains relevant.
8. Establish and maintain effective and independent working relationships with the management of risk functions and business units under portfolio responsibility.

Qualifications

1. Professional auditor or business practitioner with core audit/business skills, particularly in Traded, Governance, Operational Risk and Financial Crime Compliance.
2. Prior experience and knowledge of the Markets Trading products is preferable.
3. Professional audit certification preferred.
4. Knowledge across a range of risk types (e.g., credit risk, traded risk, operational risk).
5. Strong and impactful communicator, both within reports and verbally, with ability to clearly articulate controls to be tested and risks identified to both internal and business stakeholders.
6. Confident and courageous to raise and escalate ideas or concerns in a professional and timely manner.
7. Proactive, self-directed, and able to work with minimum supervision.
8. Exercise professional judgment, objectivity, and discretion.

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

1. Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do.
2. Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well.
3. Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term.

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

1. Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
2. Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
3. Flexible working options based around home and office locations, with flexible working patterns.
4. Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits.
5. A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
6. Being part of an inclusive and values-driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

For further information, and to apply, please visit our website via the “Apply” button below.