Manager - Internal Audit/Internal Control/Regulatory Reporting - CA

Job Title: Audit Manager, Markets

Job Summary

The role is responsible for audit coverage of the Markets business which consists of Trading, Sales and Resource Management and Analytics (RMA).

Macro Trading

Macro Trading aims to have a best-in-class Emerging Markets franchise and be #1 in their footprint markets across Asia, Africa and Middle East. Macro Trading differentiates itself by their extensive global footprint, knowledge and appreciation of local markets, and diversified expertise.

Macro Trading delivers risk management, financing and investment products through bespoke solutions, and the product suite includes foreign exchange, rates, commodities, credit and option products.

Sales

Markets Sales delivers financing, risk management and investment solutions to the Bank's corporate and institutional clients. Sales works hand-in-hand with origination, structuring, research, and trading to deliver solutions to clients across Fixed Income, Currencies, Credit and Commodities products.

Resource Management and Analytics (RMA)

- X-Valuation Adjustment (XVA) - The XVA desk was established as a risk management utility to manage Credit Valuations Adjustments (CVA) and Funding Valuation Adjustments (FVA) within Markets.

- Central Funding Desk (CFD) - The Central Funding Desk (CFD) was established inside Markets to centrally manage Market's funding requirements and liquidity regulatory costs (LCR+NSFR). 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 role will lead on the delivery of the GIA Strategy for the portfolio referred to above - focusing on: Customer experience

Effective Group change

Identifying Group efficiencies and avoiding disruption from audit

Audit Delivery

- To assist the Audit Team Leader and Manager on assigned audit work involving Financial Markets activities. This will entail working on the audit to deliver the Audit Planning Memo, Controls testing, agree issues and action plans with management and submission of draft report to the Team Lead and Manager for review. To assist the Team leader and Manager in the delivery of high-quality audits, including finalising of audit issues and the audit report

- To confirm that assigned audit work is executed in an efficient and effective manner, within the given budget and timelines, and in line with GIA 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 assist/ lead continuous monitoring of assigned countries / portfolio areas, and to build and maintain engagement with stakeholders.

- During issue validation, all audit issue action plans agreed during audit fieldwork should be tracked through to completion in accordance with methodology requirements.

- Socialisation of knowledge with the wider GIA team through the conduct of trainings.

Key Responsibilities

Strategy

- Support the Head of Audit (HoA) where required:

- To contribute to the GIA risk assessment and design the subsequent risk-based audit plan for the Markets portfolio.

- Audits assigned to the individual 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, and,

Business

- Assist HoA to effectively manage the cost of assigned audits within the allocated budget for audit engagements, and

- Identify and implement opportunities for cost savings and optimal productivity of assigned audit engagements.

People & Talent

- Establish and maintain the effective working relationships 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.

- 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.

Conduct/attend regular meetings with stakeholders.

- Engage with 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.

Risk Management

- Establish good working relationships and networking to help the businesses and second line improve the control environment and keep updated with changes impacting the risk profile.

- Promote early identification and escalation of risks, issues, trends and developments to relevant stakeholders. Serve as the GIA portfolio subject matter expert - proactively engage with peers and stakeholders to maintain, build and share knowledge.

Governance

- Audit process: ensure appropriate risks and coverage of audit scope, appropriateness of conclusions and issues raised.

- Be able to clearly explain the outcome of audits and the issues; as well as ensure that the results are reasonably justified and hold up under scrutiny.

- Delays in the execution of audit work should be escalated in a timely manner, both to auditee management and GIA 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. 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.

Key stakeholders

- Designated business and function stakeholders, typically related to individual audit assignments, Non-Audit Work and continuous monitoring.

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

- Establish and maintain effective and independent working relationships with the management of risk functions and business units which fall under portfolio responsibility.

- Designated business stakeholders, typically related to assigned portfolio; includes the Markets stakeholders.

- GIA stakeholders - GIA Management Team, peer Heads of Audits (Country and Functional), COO function

Other Responsibilities

- Embed Here for good and Group's brand and values in GIA;

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

Skills and Experience

- Strong and impactful communicator, both within reports and verbally, with ability to clearly articulate controls to be tested and risks identified to both internal and business stakeholders

- 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; Exercise professional judgment, objectivity and discretion Ability to build relationships, working within a global team.

Group Internal Audit (GIA)- Audit Planning

Group Internal Audit (GIA)- Audit Fieldwork

Group Internal Audit (GIA)- Audit Report Writing

Group Internal Audit (GIA)- Continuous Monitoring

Group Internal Audit (GIA)- Internal Audit Group Internal Audit (GIA)- Manage Risk

Group Internal Audit (GIA)- Methodology & Systems

Group Internal Audit (GIA)- Planning, Coordination & Scheduling

Group Internal Audit (GIA)- Risk Assessment

Group Internal Audit (GIA)- Stakeholder Engagement Data Analytics

Qualifications

Our Ideal Candidate has:

- Qualified Chartered Accountant

- Knowledge and experience in auditing Investment Banking (IB) activities such as Sales, Trading, Capital Markets and Corporate Finance.

- Good understanding of risks and controls within the end-to-end processes of Investment Banks. Degree level education or equivalent; professional audit certification (preferred) Practical experience with Data Analytics techniques is a plus.

- Understanding of key IB related regulations such as MIFID, EMIR, MAR etc. is advantageous.