Job Summary

• 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 CHOA will lead on the delivery of the GIA Strategy for their relevant portfolio – focusing on:

• Customer experience
• Effective Group change
• Identifying Group efficiencies and avoiding disruption from audit
• To act as Team Leader and Team Manager, as necessary, and take responsibility for overseeing the delivery of high quality audits, the performance of which cause minimal disruption to the business. 
• Responsible, where serving as Team Manager, for the finalisation of audit issues and the audit report.
• To role model the valued behaviours and develop an environment in which positive behaviours are celebrated and poor culture is challenged.
• Support, promote and apply the GIA Auditor of the Future principles for selection, development and assessment of staff.
• Assigned audit work, as well as the work carried out by the team, should be executed in an efficient and effective manner, within the given budget and timelines, and in line with GIA methodology standards and relevant rules and regulations.
• To 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 any significant risks to the country in a timely and prudent manner. Also, to ensure that the key risks are covered sufficiently within audit cycle.
• To lead continuous monitoring of assigned countries / portfolio areas, and to build and maintain engagement with stakeholders.
• To take responsibility for the implementation and support of department-wide exercises such as annual planning, risk assessment and training and to coordinate the internal audit department personnel, delegating the tasks in accordance with their knowledge and skills and monitoring such tasks.
• To evaluate whether the auditors possess the qualifications which are required for their duties, authorities and responsibilities; preparing training programs for the development of their professional knowledge, abilities and skills; and also monitoring whether they perform their duties independently, impartially with the professional diligence and care.
• To resolve problems in the internal audit department and reporting such and the necessary measures to the Audit Committee.
• To support GIA audit teams by providing product/country knowledge and expertise for their audits relating to the individual’s area of responsibility.
• To attend and represent GIA at formal committees and Group meetings, providing meaningful challenge and data-driven insights, as required, e.g. Governance Committees and Country Non-Financial Risk Committees.
• Serve as the GIA country subject matter expert, proactively engaging with peers and stakeholders to maintain, build and share knowledge.
• Issue validation: All audit issue action plans agreed during audit fieldwork should be tracked through to completion in accordance with methodology requirements.
• To determine the policies and implementation procedures for the internal audit of the activities and by obtaining the support of the Audit Committee and the approval of the GIAMT, implementing the same.
• To provide Regulators and/or external auditors with a single point of contact within GIA in their country and proactive and reactive communications to regulators in country. Also, to ensure all audit related regulatory requirements are addressed.
• To lead the creation of an audit committee (where required by regulators) and to ensure it is deployed as intended.

Responsibilities

Strategy

• Contribute to the GIA risk assessment and design the subsequent risk-based audit plan for the assigned portfolio.
• Audits assigned to the CHOA’s portfolio 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.
• 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.
• Identify and implement opportunities for cost savings and optimal productivity of assigned audit engagements.
  

Processes

• To act as Team Leader or Team Manager on assigned audit work. This will entail managing the junior colleagues working on the audit to deliver the Audit Planning Memo, Process Risks Controls Matrix, agree issues and action plans with management and submission of draft report to the Team Manager for review.
• Provide clear guidance, detailed review and supervision of the audit team’s work so that audit deliverables meet quality standards and timelines in line with the GIA methodology and local rules and regulations.
• 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. This will include working with the audit team to produce outputs of high quality which address the areas of greatest risk.
• Support adherence to the GIA methodology in all areas of the audit engagement, as well as raising 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, so 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 tollgate 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.
• To monitor regulatory audits providing input into scope and being involved in the discussions on findings.

Risk Assessment

• Update the assigned Continuous Risk Assessment on a regular basis to identify changes in risk profiles and document these in a timely manner, proposing changes to the assigned audit plan, as appropriate.
• 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.
• Attend relevant meetings relevant to assigned country / product area (e.g. Management Groups and Committees) provide insights and meaningful challenge, ensuring risks are appropriately identified, discussed 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 and audit deliverables.
• Report findings which cannot be assigned a target completion date in the action plan to close the findings, whose target completion date is exceeded, whose period of exceeding is extended for more than one year or which are cancelled to the audit committee.
• Make suggestions for the measures and actions that may be taken by the audited unit in order to eliminate the findings identified or agree on the actions planned to be taken by the audited unit accordingly.

People & Talent

• Lead through example and build the appropriate culture and values. 
• Set appropriate tone and expectations from the 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, proactively spot talent for GIA.
• Identify growth areas on an ongoing basis and identify how best to develop them.
• 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.
• Influence change within the department by highlighting potential enhancements.
• Identify and successfully complete key internal training for self-development; proactively seek an external lens to support delivery of meaningful audit work.

Risk Management

• Oversee the team, which represents the third line of defence and provides independent assurance of the effectives of management’s control of business activities (the first line) and of the processes maintained by the Risk Control Functions (the second line).
• 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.
• Adopt an anticipatory approach to risk assessment through stakeholder communication and monitoring of external environment to improve audit planning.
• Monitor the implementation / delivery of the agreed audit plan for the country as assigned, understanding the key audit issues arising and escalating any significant audit findings that remain unresolved.
• Provide effective challenge to ensure that risks are appropriately identified and that remediation plans are put in place.
• Review MI and reports regularly to keep up-to-date with key trends within the business and audit deliverables.

Governance

• 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;
• Propose changes to audit plans, so 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;
• Escalate delays in the execution of audit work, both to auditee management and GIA management; role model this behaviour to Team Leaders;
• Be able to clearly explain issues identified along with the risks and root causes to GIA and business management, using language designed to be understood by non-experts;
• Ensure that the team remains independent from management and free from interference;
• Ensure that the Audit Plan includes work which will provide independent assurance of the governance processes within Oman and Function.
• Provide oversight of the Oman and function portfolios, ensuring compliance with the highest standards of regulatory conduct and compliance practices as defined by internal and external requirements.

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.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association (or equivalent).
• Support GIA to achieve the outcomes set out in the Bank’s Conduct Principles.
• Lead the GIA Oman and product team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.

Key Stakeholders

• Establish and maintain effective working relationships with the Bahrain, Iraq and business and functionsunits which fall under portfolio responsibility.
• Effectively manage external stakeholders such as regulators and reviewers.
• GIA Executive Team, GIA Group and Country Leadership teams.
• Audit Committee and Local Audit Committee (where applicable)

Other Responsibilities

• Embed Here for good and Group’s brand and values in GIA; and
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
• Keep abreast of the new change and maintain an open channel with peers in the market to stay informed on the latest market updates

Qualifications

• University degree and professional certification (such as ACA, ACCA, OR CPA) preferred

Role Specific Technical Competencies

• Microsoft Office
• Excel, Word, PowerPoint and Visio

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.