Vice President - Fraud Expert - Internet/Online

Vice President - Fraud Expert

Purpose :

- To act as a fraud subject matter expert providing guidance to team managers or team leaders for audits and potentially lead more complex audits which are covering fraud risk.

- To support the HOA in their role as the portfolio/country subject matter expert. This will include contributing to the risk assessment and development of an appropriate audit plan for the HOA/s assigned portfolio.

- To provide industry leading knowledge of fraud prevention to audits.

- To provide ongoing continuous monitoring support to HOAs in respect of the business and raise issues and observations outside of formal audit work to expedite rectification of control weaknesses (where appropriate).

- To apply expert fraud prevention and risk management knowledge to the assigned audits.

- To perform continuous monitoring and to build and maintain engagement with stakeholders within the fraud risk community across

- To attend and present at formal committees and Group meetings on behalf of the line manager, as required, e.g. Process Governance Committees and Country Operational Risk Committees

- To actively manage relationships with senior auditee management and stakeholders

- To ensure that assigned audit work is executed in an efficient and effective manner, within the given budget and timelines, and in line with methodology standards.

Responsibilities :

Strategy :

- Support the HOA where required, in the development of the fraud risk assessment and development of an appropriate audit plan for the portfolio.

- Support the HOA to ensure that audits assigned to the individual in the audit plan 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 .

- Ensure that the fraud audit plan remains relevant throughout the year as the risk profile of the business changes. Propose changes as appropriate.

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

Business (Budget) :

- Assist the HOA to 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 :

Audit Delivery :

- Participate as team member for assigned audit work and potentially lead the more complex audits such as cross-functional and multi-location high risk audits.

- Provide technical fraud risk guidance, detailed review and supervision of the audit teams work to ensure that audit deliverables meet quality standards and timelines in line with the GIA methodology.

- Review and recommend approval to the HOA of the audit scope (including the Audit Planning Memo, Process Risk Control Matrix and Terms of Reference) proposed by the team leader.

- Ensure methodology is adhered to in all areas of the audit engagement, as well as raising team members awareness and understanding of the methodology.

- Take the lead in presenting the draft report in the report review process (to the report review group 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

Risk Assessment :

- Support the HOA to update the relevant fraud 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 fraud 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.

- Attend relevant meetings (e.g. PSCs, Management Groups, Committees etc.) 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 MI and reports regularly to keep up to date with key trends within the business.

Stakeholder Management :

- Establish and maintain effective working relationships with the fraud risk management community within . Such that regular positive feedback is received from stakeholders and auditees in relation to the appropriateness of issues raised and contribution to discussions/forums attended.

People and Talent :

- Demonstrate strong leadership and ability to motivate and guide audit teams.

- Influence change within the business.

- When leading audit work, ensure correct capacity planning for assigned audits to ensure optimal productivity of the team.

- Provide written performance feedback to team leaders at the end of an audit. Review and agree the feedback provided by the team leader to team members.

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

- Support the HOA to proactively spot talent for .

Communication :

- Communicate with stakeholders and external parties and update the fraud risk assessment on a regular basis, where appropriate, to ensure that changes in risk profiles are identified in a timely manner. Propose changes to audit plans to the HOA, as appropriate, to ensure the audit plan remains relevant.

- Lead by example on how to communicate and resolve any conflict between auditors and auditees during the course of an audit. Use networks and relationships to build engagement and achieve results.

- Assist the HOA to 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.

- Conduct/attend regular meetings with fraud risk management stakeholders.

- Provide regular value-added reports and updates, as appropriate, on fraud risk trends, emerging fraud risks and GIAs opinion on the state of the control environment.

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

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

- Support the team leader of audits which have covered fraud risk by attending and managing debriefs with auditee management at the end of an audit.

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

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

- Provide input to audit teams for the assigned portfolio and audits on the scope, risks, findings and audit reports for audits managed.

- 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.

- Continuously educate team members on fraud risk, emerging risks and fraud prevention techniques so that audits are assessing and opining on controls to prevent fraud

Governance :

- Ensure compliance with the highest standards of regulatory conduct and compliance practices as defined by internal and external requirements.

- Adopt the Groups values and code of conduct in to ensure adherence with the highest standards of ethics and compliance with relevant policies, processes and regulations.

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.

- Contribute to the CCFC audit team in achieving the outcomes set out in the Banks Conduct Principles: Financial Crime Prevention and The Right Environment.

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

Key Stakeholders :

- Designated fraud risk management stakeholders, typically related to individual audit assignments and the assigned portfolio

- Stakeholders in relation to the fraud audit portfolio stakeholders team leaders, team members, team managers, Product, Functional, Country and Regional Heads of Audit.

Other Responsibilities :

- Embed Here for good and Groups brand and values in

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

Qualifications :

- An experienced fraud risk management practitioner with a minimum of 6 years relevant experience in a fraud risk management role within financial services.

- An understanding of governance risks within a financial institution

- In-depth understanding of financial crime risk management, regulatory requirements and associated control requirements;

- Understanding of financial services products and processes

- Knowledge or experience undertaking audit work ideally, although training will be provided

Ideally CFE qualified :

- Strong communicator, both written and verbal, with ability to influence and gain the respect of management, stakeholders, peers and audit teams.

- Confident and courageous to raise/escalate issues in a proactive, professional and timely manner.

- Proactive, self-directed and able to work with minimum supervision.

- Ability to manage an audit team, including multi-functional and cross-border teams.

- Demonstrate understanding of and commitment to the Groups core values.

- Ability to commit to ~30% business travel.

- Ability to perform the role of Change Leader.