Job Summary
Group Internal Audit (GIA) represents the Third Line of Defence and provides an 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). Group Internal Audit (GIA) works with the Group's other control functions, such as Finance, Risk and Compliance, but does not place unqualified reliance on their work. Group Internal Audit (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 Group Internal Audit (GIA) must exhibit the highest level of professional objectivity in gathering, evaluating and communicating information about the activities or processes 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. Group Internal Audit (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 Institute of Internal Auditors (IIA). It is expected that all members of Group Internal Audit (GIA) strive to operate as role models for the Group’s valued behaviours.
Key Responsibilities
The responsibilities defined in the Audit Charter to protect the assets, reputation, and sustainability of the group, the Head of Audit will guide on the delivery of the Group Internal Audit (GIA) Strategy for their respective portfolio. There are increased audit requirements, both regulatory and risk-based that demands technical expertise and engagement with senior stakeholder(s) at the Group-level.
- Group Internal Audit (GIA) in Standard Chartered Bank is looking for an exceptional and dynamic Head of Audit, Functions Technology to manage our portfolio within the Group Internal Audit (GIA) Technology and Operations function.
- This role includes the strategy and management of audit deliveries across applications and technology processes supporting the above-mentioned domain.
- This role is planned to be based in Dubai, United Arab Emirates (UAE).
Strategy
- Contribute to the Group Internal Audit (GIA) risk assessment and design the risk-based audit plan for the portfolio.
- Design and own audits to address key risks and regulatory requirements/ expectations.
- Assess the continued relevance of the audit plan throughout the year and propose appropriate changes.
- 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 time allocation of audits within allocated budget.
- Identify and implement opportunities for improved productivity in own audits.
Audit Delivery
- Perform, support, or manage where directed, the planning, fieldwork, and reporting of internal audit engagements to deliver agreed assurance objectives to established Group Internal Audit (GIA) standards and timelines.
- Deliver quality audit reports that are effectively written with practical, actionable, measurable and value-added recommendations.
- Share knowledge, skills and experience with team members and the wider Group Internal Audit (GIA) on risk management of technology enabling key business processes and clients.
- Assist in conducting training sessions for Group Internal Audit (GIA) Stakeholders on topics related to emerging risk themes.
- Assist in standardisation and documentation of processes, risks, and controls and work with internal stakeholders to build comprehensive and simple test procedures.
- Liaise with technology and business standard owners where required.
- Assist to track and consolidate all team specific related audit issues raised by Group Internal Audit (GIA), Regulators or Monitors and provide periodic updates to internal Group Internal Audit (GIA) Management and senior risk committees of the Bank.
- Apply an in-depth understanding of, and compliance with, Group Internal Audit (GIA) methodology standards and the Group Internal Audit (GIA) system in all areas of assigned Group Internal Audit (GIA) activity.
- Evaluate quantitative and qualitative data (using data insights) to diagnose underlying issues, trends and root causes.
- Monitor and track assigned audit issues and action plans, and report overdue items to the respective Head of Audit (HOA) for resolution.
Personal Behaviours
- Role model the valued behaviours and develop an environment which celebrates positive behaviours and challenges poor culture.
- Serve as the GIA portfolio subject matter expert – proactively engage with peers and stakeholders, to maintain, build and share knowledge.
- Proactively seek an external lens to support delivery of meaningful audit work.
- Support Group Internal Audit (GIA) audit teams, by supplying product knowledge and expertise for their audits.
- Take responsibility for the implementation and support of department-wide exercises, such as annual planning, risk assessment and training.
People & Talent
- Demonstrate strong management and ability to motivate and guide your audit team.
- Share knowledge to increase specialism within the function.
- Influence change within the department by highlighting potential enhancements.
- Identify growth areas on an ongoing basis and identify how best to develop them.
- Provide performance feedback, as appropriate, at the end of an audit.
- Facilitate the development of audit team members by providing on the job training and recommending formal training to support Group Internal Audit (GIA) activities.
- Proactively spot talent for Group Internal Audit (GIA).
Risk Management
- Manage continuous monitoring of portfolio areas and build and maintain constructive stakeholder relationships.
- Update the audit entities on a regular basis to identify changes in risk profiles.
- Propose any changes to the audit plan.
- 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.
- Review MI and reports regularly to keep up to date with key trends within the business and audit deliverables.
Stakeholder Management
- Establish and maintain effective working relationships with the management of relevant business units.
- Successfully manage external stakeholders such as regulators and reviewers.
Governance
- Attend and represent Group Internal Audit (GIA) at formal committees and Group meetings, providing meaningful, challenge and data-driven insights.
- Manage the stakeholders and establish good working relationships to help the businesses improve the control environment.
- Lead by example on how to communicate audit-related matters and resolve any conflict during an audit.
- Use network and relationships to build engagement and achieve results.
- Escalate delays in the execution of audit work, both to business and Group Internal Audit (GIA) management.
- Be able to clearly explain issues, along with the risks and root causes to Group Internal Audit (GIA) and business management. Use language designed to be understood by non-experts.
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.
- Supervise the Group Internal Audit (GIA) Functions Technology team to achieve the outcomes set out in the Bank’s Conduct Principles.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
- Designated business/technology stakeholders, related to personal audit assignments and the assigned portfolio; and
- Group Internal Audit (GIA) stakeholders – team leaders, team members, team managers, Product, Functional, Country and Regional Heads of Audit.
Other Responsibilities
- Embed Here for Good and Group’s brand and values in Group Internal Audit (GIA)
- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
- Understand, acknowledge and comply with the requirements on individual accountabilities and responsibilities of the job set out in applicable local laws and regulations as well as Standard Chartered Bank (SCB) internal policies
- Effectively ensure and intensify internal controls by keeping abreast with developments of applicable local laws and regulations on accountabilities
- Perform job duties with diligence, contribute to efforts as an person or as a team member so as to avoid any actual or potential legal sanctions, regulatory penalties, material financial loss, or adverse reputational impact on the Bank
- Be responsible for failure to follow relevant rules and processes, failure to properly perform the responsibilities, and implement corrections
- Cooperate with any investigations or reviews on regulatory failure such as accountability review
- Properly perform the duties on management and ensure the effectiveness of internal control
- Be responsible for regulatory failure or risks arising from or in connection of the event over which the employee has the duties of management and/or leadership
- Be responsible for significant losses due to failure of effectiveness of internal control
- Properly perform the duties on supervisory, audit and risk control, including but not limited to
- Contribute in the formulation or amendment of audit, risk control and accountability policies
- Participate in the internal investigations or reviews on regulatory failure such as accountability review
- Be responsible for regulatory failure or risks arising from or in connection of failure to perform the duties on supervisory, audit and risk control
Skills and Experience
- Financial Services
- Audit
- English (Written / Spoken)
- Risk and Controls
- Information and Cyber Security
- Information Technology
- Operational / Technology Risk Management
Qualifications
- Strong background in audit (with a focus on technology controls) with a minimum of 15 years of experience preferably in the financial services industry.
- Strong knowledge and understanding of Technology and banking business processes is preferred.
- Bachelor's or university degree in Information Technology, Engineering, Information Security or related discipline preferred.
- Professional Audit and experience in executing a risk-based Audit Methodology, or a similar methodological approach.
- Attention to detail and curiosity. Strong reasoning skills and eager to learn.
- Acquaintance with regulations and emerging risks in banking technology.
- Excellent writing and articulation skills to succinctly communicate complicated technical issues in business terms.
- Strong interpersonal skills for building and maintaining credibly effective working relationships with counterparts in Group Internal Audit and business stakeholders.
- High degree of responsibility, self-motivated, requiring minimal supervision.
- Ability to collect and objectively evaluate and apply information, “thinking out of the box” where necessary, in supporting the planning, fieldwork or reporting of results of audit engagements.
- Displays initiative and knows when and how to seek guidance.
- Willingness and capacity to learn on the job.
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.
