Job Summary

Audit Director, Corporate Investment Banking (CIB) Transaction Banking, Cash Management, Payments & Digital Channels has primary responsibility for the strategic planning of audit plan, risk assessment, audit coverage and continuous monitoring over CIB Transaction Banking Cash, Payments and Digital Channel Products portfolio. The role is to collaborate closely with the Group Internal Audit & Investigations (GIAI) T&O Operations and Technology and GIAII CFCR teams to consider and understand the cross-cutting nature of the processes, themes and strategic risks for the portfolios and responsible to coordinate synchronisation of audit coverage and Continuous Monitoring across those multiple GIAI audit teams.

Key Responsibilities

GIAI represents the third line of defence whose primary role is to help the Board and Executive Management to protect the assets, reputation and sustainability of the Group. GIAI  Audit Director, CIB Transaction Banking, Cash Management, Payments & Digital Channels 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). 

As defined in the Audit Charter, all staff in GIAI must exhibit the highest level of professional objectivity. 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. GIAI 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 GIAI strive to operate as role models for the Group’s valued behaviours. GIAI 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 Audit Director is

• To lead through example, build the appropriate culture and values, develop valued, engaged and motivated teams, grow our people, strengthen inclusivity, team engagement, wellbeing and psychological safety.
• Be a leader who helps grow the Bank, harnessing a strategic mindset and the ability to navigate complex situations and ambiguity
• Contribute to the broader GIAI strategy and to key deliverable as required
• Be a champion in managing change as Bank and GIAI evolves with time
• Be an advocate of strategy and align and embed it in audit delivery
• To Team Manage audit delivery by taking responsibility for high-quality audits, providing insights and impactful commentary on the management of risks.  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.
• To oversee that work carried out by the team is executed in an efficient and effective manner, within the given budget and timelines, and in line with GIAI methodology standards.
• 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.
• To lead continuous monitoring of assigned 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 audit planning, risk assessment and training.
• To support GIAI audit teams by providing product knowledge and expertise for their audits relating to the individual’s area of responsibility.
• To attend and represent GIAI at formal committees and Group meetings, providing meaningful challenge and data-driven insights, as required, e.g., Governance Committees and Non-Financial Risk Committees; and
• To serve as the GIAI portfolio subject matter expert – proactively engage 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.

• Contribute to the development of the overall GIAI Audit Plan through Risk Assessment and Top-Down approach based on the inherent risks and knowledge of the risk profiles.
• Oversee the development, implementation and execution of the agreed audit plan across CIB Transaction Banking, Cash Management, Payments & Digital Channels. Facilitate collaboration with the GIAI team to achieve a holistic approach to the assessment of risks and development of audit plan / strategy.
• Ensure audit activities in CIB Transaction Banking, Cash Management, Payments & Digital Channels are sufficient to meet the requirements of group and local regulators.
• To act as Audit Owner/ Team Manager, as necessary, on assigned audit work involving Audit Director, CIB Transaction Banking, Cash Management, Payments & Digital Channels across the Group. This will entail managing the Team Leader and Team Members 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 GIAI methodology.
• Provide guidance on business and audit technical knowledge and management skills to team leaders and team members to enable them to effectively deliver their assigned audit work.
• Provide technical input and challenge on audit work being undertaken within the scope of assigned product or 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 GIAI methodology in all areas of the audit engagement, as well as raising awareness and understanding of the methodology.
• Demonstrate sound knowledge of both business and technical areas and expert knowledge in the audit process, including the GIAI system, so that audit work is carried out to a high standard that meets all methodology and GIAI system requirements.
• Take the lead in presenting the draft report in the GIAI report review process (to the tollgate or report approver); and
• Monitor the implementation and delivery of the agreed issues and action plans for the audits assigned, understanding the key risks arising, provide advice on resolution of issues to auditees and action plan owners and escalate audit findings that remain unresolved.

• Contribute to the GIAI risk assessment and design the subsequent risk-based audit plan for the assigned portfolio of Audit Director, CIB Transaction Banking, Cash Management, Payments & Digital Channels.
• Audits in the GIAI 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 GIAI.
• Periodically assess whether the audit plan remains relevant throughout the year as the risk profile of the business changes.  Propose changes as appropriate; and
• Ensure that audit team operates in line with the Audit Charter during engagements, remains independent from management and free from interference.
• Effectively manage the cost within the allocated budget for audit engagements.
• Identify and implement opportunities for cost savings and optimal productivity of assigned audit engagements.   
• 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 meetings relevant to assigned portfolio 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 a proactive approach to risk assessment through stakeholder engagement and monitoring of the external environment to improve audit planning; and
• Review MI and reports regularly to keep up to date with key trends within the business and audit deliverables.

• Establish and maintain effective working relationships with the management of business units which fall under portfolio responsibility.
• Effectively manage external stakeholders such as regulators and reviewers.
• Build a collaborative and inclusive culture that creates psychological safety, treating people with courtesy, respect and promotes wellbeing.
• Develop and manage audit talent by guiding the audit team’s development & career growth - Build the right skills, capacity and specialism in the right teams and locations.
• Deliver a robust succession plan.
• Empower the team to innovate and make decisions to meet business needs; recognise staff that innovate or go the extra mile.
• Contribute to building a high performing function through frequent check-ins and coaching evidenced by use of Feedback mechanisms.
• 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.
• Manage the relevant 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 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 GIAI management, role model this behaviour to Team Leaders and members.
• Be able to clearly explain issues identified along with the risks and root causes to GIAI and business management, using language designed to be understood by non-experts.

Key stakeholders

• CIB Transaction Banking Cash Group Products and Digital Channels Management Team
• CIB Transaction Banking Country Cash Product and Channel Management Teams across the Group
• Other CIB Platform & Partnerships Teams (as and when required)
• Other Operations, Transaction Banking Cash and Network Management Teams (as and when required)
• External stakeholders such as regulators
• Relevant Group Risk Committees
• External Auditors
• GIAI Executive Team, GIAI Group and Country Leadership teams.

Qualifications

•    Education: Bachelor’s Degree Or Above
•    Training: Bank Wide And Role Specific Training
•    Certifications: Professional Qualification Preferred

Skills and Experience

•    Change and Transformation
•    Compliance Risk 
•    CIB
•    Group
•    Data Management (Quality) – AI
•    Data Management (Quality) – Data Governance
•    Digital Assets
•    Financial Crime 
•    ABC, 
•    AML, 
•    Fraud, 
•    Sanctions
•    Information Cyber Security – 
•    Detect and Respond, 
•    Identify and Protect, 
•    Risk Management
•    Operational Resilience
•    Operations 
•    Markets and FSS, 
•    TB, Banking and Client Coverage
•    Technology – Applications
•    Third Party Risk Management
•    Treasury Risk
•    Envoironmental Social Governance 

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.

Recruitment Assessments

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website www.sc.com/careers