QA Partner (SAM) - Group Internal Audit

Recruiter
Standard Chartered Bank
Location
London
Salary
Competitive
Posted
25 May 2019
Closes
27 May 2019
Job role
Audit
Contract type
Permanent
Hours
Full time
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
  • The job holder will be a senior member of an independent, professional team who will be tasked to help develop and deliver a class leading Quality Assurance (QA) function within Group Internal Audit (GIA)
  • The QA Partner – Finance Risk and Compliance, GIA reports directly to the QA Lead – Regions, GCNA, ASA, and GBS (hereafter referred to as the "Lead Regions") and is responsible for executing the strategy set by the QA Leads across the Finance, Risk, Compliance and FCC business areas as well as providing support to other aspects of the QA risk based plan. The role is responsible for assessing and improving the quality of audit work in accordance with the GIA Methodology, Audit Charter and the IIA Standards.
  • The QA Partner supports the delivery of the strategy and development of the broader GIA function through providing insights and recommendations to the Global Head QA and other QA Leads and contributing to process improvements based on the results of QA.

Strategy
  • The QA Partner will be expected to make a strong and proactive contribution across all core QA activities including:

o Execution of the Quality Assurance Plan across GIA to a high standard;
o Execution of the Quality Assurance Plan and QA Coverage Strategy for the Finance, Risk Compliance, FCC and Support appropriately addresses the GIA Methodology, IIA Standard and regulatory requirements/expectations;
o Providing a valued, quantitative and a qualitative programme of quality assurance on material GIA activities and processes and solution orientated improvement plans;
o Collaborating with the GIA Governance and Delivery team to enhance existing approaches, methods and toolkits to ensure they remain leading class and current.
o Ensuring that they consider GIA's and Group's strategy and can form an independent view of whether the key risks in their covered portfolio have been appropriately tested in the audits selected for review.
o QA Partners are expected to remain current with changes in regulatory expectations of GIA.

Business
  • Awareness and understanding of the wider business, economic and market environment in which the Group operates.
  • Ensuring flexibility in the QA approach to meet the evolving requirements of the risks associated with the audit universe.
  • Deliver timely, effective and impactful written and verbal communications with key stakeholders on the progress of QA activity.

Processes
  • Execute and report upon GIA quality assurance reviews, quality audits, identification and reporting of gaps and process improvement activities.
  • Assist in the information gathering and preparation of the periodic summary reports by QA to GIA senior management and the audit committee (including reports of the results of internal and external quality assessments and improvement programs).
  • Assist in the development, implementation and execution of the QA and Quality management framework.
  • Assist in the development, administration and maintenance of QA standards, policies and procedures.
  • Assist GIA MT, the Governance and Delivery team and other GIA staff in preparing for and participating in external assessment conducted by regulators and other third parties.
  • Participate in ongoing assessment processes e.g. GIA strategic projects or operational programs (e.g. guest auditor or graduate programs) as agreed and directed by Group Head of GIA and/or Global Head, QA.
  • Execute and report upon special project or ad–hoc work as directed by the Global Head, QA and /or GHoA. Ability to take the lead on core projects and handle complexity with minimal supervision, as required.

People and Talent
  • Lead by example and build the appropriate culture and values according to Bank's Priorities / Strategy

Risk Management
  • Responsible for identifying, assessing, monitoring, controlling and mitigating risks to GIA and the Group. Also, an awareness and understanding of the main risks facing GIA and the Group and the role the individual plays in managing them.
  • The ability to interpret the Group's financial information, identify key issues based on this information and put in place appropriate controls and measures

Governance
  • Stay informed of the GIA audit strategy and audit coverage, to corroborate compliance with the highest standards of regulatory conduct and compliance practices as defined by internal and external requirements.
  • Maintain awareness and understanding of the regulatory framework in which the Group and GIA operates and the regulatory requirements and expectations relevant to the role.
  • Embed the Group's values and Code of Conduct in Group Internal Audit QA team to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees' form part of the culture.

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.
  • Direct and/or execute the QAR coverage of the Finance, Risk and Compliance and other GIA portfolios to achieve the outcomes set out in the Bank's Conduct Principles: The Right Environment; Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Prevention.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders
  • Country Heads of Audit
  • Product Heads of Audit
  • Audit Team Leaders
  • External Auditors / Professional Services Companies

Other Responsibilities
  • Embed Here for Good and Group's brand and values.
  • P erform other responsibilities assigned under Group, Country, Business or Functional policies and procedures where relevant.


Our Ideal Candidate
  • An experienced audit professional with a recognised professional accounting qualification; i.e. ACA, CPA, ACCA.
  • A strong understanding and practical work experience gained within the finance, risk and/or compliance functions operating in the UK and global regulatory environments and with requirements applicable to audit practice risk/ IIA standards
  • Sound understanding of governance and control frameworks within the banking industry.
  • Proven ability to foster a participative and cooperative working environment; to engage and work cross –functionally, transverse cultural diversity and geographies.
  • Proven ability to exercise independency, good professional judgment and objectivity
  • Proficient in risk based control analysis and audit concepts for a wide range of products, and functions and will be skilled at analysing root causes of problems.
  • Experience of successfully delivering strong presentations, building and managing collaborative relationships.
  • An effective communicator both orally and in writing, and can deliver difficult messages and negotiate successfully in a concise and efficient manner across all grades.
  • Commercial awareness and a strong understanding of internal banking inter–dependences
  • Strong sense of integrity and independence with an ability to constructively challenge colleagues and audit leads.

Apply now to join the Bank for those with big career ambitions.

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