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24/02 Rajeshwari Janardhan
HR Recuriter at Ramsol Pvt Ltd

Views:308 Applications:61 Rec. Actions:Recruiter Actions:60

Internal Auditor - BFSI (2-6 yrs)

Any Location Job Code: 801450

Job : Audit

Primary Location : ASEAN & South Asia-India-Bangalore

Schedule : Full-time

Employee Status : Permanent

About Standard Chartered

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

The Role Responsibilities

- Working as a team manager, team leader or team member on audits primarily relating to Retail Banking. This involves supporting the Head of Audit (HOA), India by executing audit planning, fieldwork, reporting and issue tracking for work assigned in an efficient and effective manner within GIA methodology.

- Supporting the HOA in carrying out Continuous Monitoring and Relationship Management for the Retail Banking business. The portfolio is complex and requires engagement with senior country, regional and group stakeholders.

- Provide a single point of contact in GIA India for Retail Banking which includes Client Relationships, Client Acquisition, Business Banking, Retail Products, CEPG, Retail Digital, Retail Operations and the various Retail Transformation initiatives and projects; Keep abreast of developments in Private Banking and Wealth Management.

- Given the location of Retail Branches across India, there will be some travel required.

- Role will report to the Head of Audit, India

Strategy

- Support the Head of Audit (HOA), in the development of the GIA risk assessment and development of an appropriate plan for Retail Banking Audits.

- Support the HOA, to ensure the scoping of the work assigned addresses the key risks identified in the risk assessments of areas above during the audit planning process, and meets the relevant regulatory requirements and expectations that are required to be covered by GIA.

- Propose changes to HOA, by keeping track of the assigned audit plan to ensure it remains relevant throughout the year as the risk profile of the relevant areas change.

- Ensure that GIA operates in line with the Audit Charter, remains independent from management and free from interference.

Business

- Strong awareness and in depth understanding of the key risks in pre implementation and Business As Usual (BAU) controls and processes associated with Retail Banking

- Strong awareness and in depth understanding of the key risks involved in Retail Banking

- Have awareness and understanding of other Businesses and Functions operating in SCB India

Processes

- Participate as team manager, team leader or member for assigned audits.

- Support the team manager/team leader by executing audit planning, fieldwork, reporting and issue tracking for work assigned in an efficient and effective manner such that audit work meets the given budget, quality standards and timelines required by the GIA methodology.

- Evaluate quantitative and qualitative data to diagnose underlying issues, patterns and root causes, as a part of regular audits.

- Provide clear guidance, detailed review and supervision of the audit teams work as well as raising team members awareness and understanding of the GIA methodology to ensure that audit deliverables meet quality standards and timelines.

- Monitor/track assigned audit issues and action plans, and report overdue items to the appropriate responsible person within GIA for escalation to the appropriate business manager and/or governance committee for resolution.

- Apply a high level of attention to detail to ensure audit reports are accurate, clear and articulate key risks, root causes and impact.

- Ensure timely escalation of delays in conforming to methodology standards, both to auditee management and GIA management.

- Provide technical knowledge and guidance on Retail Banking audits to team leaders, team members and other interested parties to enable them to effectively deliver their assigned contributions for an audit and to increase knowledge awareness.

People and Talent

- GIA-specific responsibilities and accountabilities:

- Support the HOA to engage effectively with team members by working closely, sharing knowledge and best practices, and supporting other team members to achieve the audit objectives.

- Demonstrate strong leadership and ability to motivate and guide audit team leaders and members.

- Influence change within the business.

- Ensure correct capacity planning for assigned audits to ensure optimal productivity of the team.

- Provide written performance feedback to team members at the end of an audit in conjunction with the team manager.

- Facilitate the development of direct reports and audit team members by providing on the job training and recommending formal training to support GIA activities.

- Support the HOA to proactively spot talent for GIA.

Risk Management

- Ability to communicate with stakeholders on an ongoing basis to identify the risks, and update the HOA to assist in the Annual Risk assessment ensuring the identified risk have been integrated into the Audit plan.

- Responsible for identifying, assessing, monitoring, controlling and mitigating risks relevant to Retail Banking, India. Also, an awareness and understanding of the main risks facing the country and the role the individual plays in managing them.

- Support the HOA to update 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 for internal and external reporting. Be prepared to raise issues/concerns outside the normal audit process.

- Engage with the HOA and business stakeholders on the status of rollout and ongoing effectiveness of the Operational Risk Framework.

- Adopt an anticipatory approach to risk assessment through stakeholder engagement and monitoring of the external environment to improve audit planning.

- At the request of the HOA, attend relevant Committee meetings to keep up-to-date on key business matters and provide the right challenge to ensure risks are appropriately identified, discussed and timely remediation plans are put in place.

- Review Risk related MI and reports regularly to keep up-to-date with key trends within the business.

- Engage the GIA portfolio champions to update the permanent audit file within four weeks of the end of an audit.

Stakeholder Management & Communications

- Establish and maintain the effective working relationships with the management of Retail Banking business to keep abreast of business developments and to maintain regular dialogue with stakeholders on areas of concern and to help them improve their overall control environment.

- Communicate with internal stakeholders in Retail Banking and with external parties, and update the assigned Country risk assessments on a regular basis, where appropriate, to ensure that changes in risk profiles are identified in a timely manner. Propose changes to the audit plan to the HOA, as appropriate, to ensure it 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.

- Conduct/attend regular meetings with stakeholders.

- Provide stakeholder (approved by the HOA/line manager) with a single point of contact for the assigned portfolio. Provide regular value added reports and updates, as appropriate, on risk trends, emerging risks and GIAs opinion on the state of the control environment.

- Ensure communication of findings/issues/root causes to all relevant stakeholders and monitor/escalate any overdue action plans to the appropriate business manager and/or governance committee for resolution.

- Provide input into other GIA audit teams for the assigned portfolio and review audits not directly managed on scope, risks, findings and the final report for areas that touch upon Retail Banking.

- Continuously educate the business and stakeholders on the audit process to enable auditees to have a better understanding of the role and operation of GIA, with the aim of further building relationships and improving audit efficiency.

- Develop an external network through participation in external and professional forums.

Governance

- Responsible for assessing the effectiveness of governance, oversight and controls in the Business

- Awareness and understanding of the regulatory framework, in which the Business operates, and the regulatory requirements and expectations relevant to the role.

- Responsible for delivering effective governance; capability to challenge fellow executives effectively; and willingness to work with any local regulators in an open and cooperative manner.

Regulatory & Business conduct

- Display exemplary conduct and live by the Groups 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.

- Support the HOA in leading the GIA team in India to achieve the outcomes set out in the Banks Conduct Principles: The Right Environment

- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

- Retail Banking Management team in country

- Designated business stakeholders in the Retail Banking space, typically related to individual audit assignments and continuous monitoring.

- GIA stakeholders fellow Team Leaders, Team Members and Managers, Product, Functional, Country and Regional Heads of Audit.

- Regulators and external auditors for Retail Banking business in India

Other Responsibilities

- Embed Here for good and Groups brand and values in Group Internal Audit

- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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