Audit Manager

Job Summary

Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.

Job Description

Group Internal Audit (GIA) is looking for an experienced and dynamic Compliance or audit professional with a solid background and strong knowledge around the key risks and controls in Compliance in the first and second line of defence, with a particular emphasis on Compliance Control Room and Compliance Surveillance.

The role-holder will be an integral part of the CFCC Compliance Audit team. The team provides independent assessments of risk management and internal control environment of the CFCC function globally, as well as oversight of Compliance risk throughout the Group.

We pride ourselves in being auditors of the future, forward-looking and agile with a keen focus on smarter auditing. When you join us, you will enter a role that challenges the status quo and moves mindsets and be a part of the future of banking.

This role currently reports to Senior Audit Manager for CFCC.

Key Responsibilities

• Establishing and maintaining relationships with key members of CFCC (2LOD) to understand the compliance risk within the bank and the controls in place to address them.
• Act as a Team Engagement Lead on assigned audit work involving Compliance risk across the bank, managing auditors to deliver the Audit Planning Memo, Controls Document, agree issues and action plans with management, and submit draft report to the Audit Engagement Team Manager for review.
• Ensure that own assigned audit work, as well as the work carried out by team members, is executed efficiently and effectively, within the given budget and timelines, and in line with GIA methodology standards.
• 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.
• Lead continuous monitoring of assigned countries / portfolio areas within the specific portfolio environment, and build and maintain engagement with stakeholders.
• Take responsibility for the design and implementation of department-wide exercises such as annual planning, risk assessment, and training.
• Support GIA audit teams by providing product/country knowledge and expertise for their audits relating to the individual’s area of responsibility as the Subject Matter Expert.
• Assist with drafting Committee updates, attend and present at formal committees and Group meetings on behalf of the HOA or for their own area of responsibility, as required.
• Support the HOA in their role as the GIA portfolio/country subject matter expert, depending on the skills of the individual.
• Ensure that all audit issues raised during audits and continuous monitoring engagements are tracked to completion in accordance with the methodology requirements, and obtain quality management action plans to mitigate the risks raised.

Strategy

• Support the HOA in the development of the GIA risk assessment and development of an appropriate audit plan for the HOA’s assigned portfolio.
• 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.
• Ensure that the assigned audit plan remains relevant throughout the year as the risk profile of the business changes, proposing changes as appropriate.
• Ensure that the audit team operates in line with the Audit Charter during engagements, remains independent from management and free from interference.

Skills and Experience

• Assist the HOA in delivering assigned audits within the allocated budget as well as identifying and implementing opportunities for cost savings and optimal productivity.

Processes

• Act as a Team Lead on assigned audit work involving Compliance portfolio across the bank, managing auditors to deliver the Audit Planning Memo, Controls Document, agree issues and action plans with management, and submit draft report to the Senior Audit Manager or Head of Audit for review.
• 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.
• 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, ensuring outputs are of high quality and address relevant risk.
• Ensure GIA methodology is adhered to in all areas of the audit engagement, raising team members’ awareness and understanding of the methodology.
• Demonstrate 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.
• Monitor the implementation/delivery of the agreed issues/audit plans for the audits assigned, understanding the key risks arising, providing advice on resolution of issues to auditees/action plan owners, and escalating unresolved audit findings.

People & Talent

• Demonstrate strong leadership and ability to motivate and guide audit team leaders and members.
• Influence change within the department by highlighting potential enhancements.
• Identify growth areas at the start of each audit, and discuss with team members on how best to work on them during the audit.
• Provide written performance feedback to team members at the end of an audit.
• Identify and successfully complete key internal training for self-development.
• Facilitate the development of audit team members by providing on-the-job training and recommending formal training to support GIA activities.

Risk Management

• 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.
• Ensure early identification and escalation of risks, issues, trends, and developments to relevant stakeholders.
• Attend relevant meetings related to assigned country / product area to keep up-to-date on key business matters and provide the right challenge to ensure risks are appropriately identified and timely remediation plans are put in place.
• Adopt an anticipatory approach to risk assessment through stakeholder engagement and monitoring of the external environment to improve audit planning.
• Review MI and reports regularly to keep up-to-date with key trends within the business.

Governance

• Assist the HOA to manage the relevant Product/Country stakeholders, establishing good working relationships to help the businesses improve the control environment.
• 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.
• Ensure timely escalation of delays in execution of audit work to auditee management and GIA management.
• Clearly explain issues identified along with the risks and root causes to GIA and business management.

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.
• Contribute to the audit team in achieving the outcomes set out in the Bank’s Conduct Principles.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct, and compliance matters.

Role Specific Technical Competencies

• Strong communicator, both written and verbal, with the ability to clearly explain controls to be tested and risks identified to audit and business management.
• Confident and courageous to raise and escalate ideas or concerns in a professional and timely manner.
• Proactive, self-directed, and able to work with minimum supervision.
• Ability to work within a global team.

QUALIFICATIONS

• An experienced compliance risk professional or auditor with relevant experience in compliance audit, governance, risk, or in a business environment.
• In-depth understanding of governance, risk management, and associated control requirements.
• Professional audit certification preferred.
• Ability to commit to limited business travel.
• Islamic Banking certification.

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:

• 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.
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well.
• 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.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• 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.
• Flexible working options based around home and office locations, with flexible working patterns.
• 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.
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual, and digital learning.
• 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.

Candidates must be resident in Malaysia, or have the right to work in Malaysia.