Audit Manager - Financial Crimes Compliance at Standard Chartered Bank

Job Summary

• 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 are 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.

Purpose:

• To act as a Team Member on assigned audit work involving Financial Crime risk across the bank.
• To act as Audit Engagement Leader and take responsibility for overseeing the planning and execution of the audit, maintaining the audit budget, including drafting of audit issues and the audit report.
• To clearly explain the risks and impact of issues identified during testing to Global Internal Audit (GIA ) and business management.
• The individual may support in department wide exercises such as annual planning, risk assessment and training.
• To actively manage relationships with senior financial crime management and stakeholders.
• To support GIA audit teams by providing Financial Crimes Compliance (FCC ) subject matter expertise for their audits.
• To provide ongoing continuous monitoring support in respect of the business and raise issues and observations outside of formal audit work to expedite rectification of control weaknesses.
• To attend and present at formal committees and Group meetings as required, e.g. Process Governance Committees and Country Operational Risk Committees.    
• Issue validation: Ensure that all audit issue action plans agreed during audit fieldwork are tracked through to completion in accordance with methodology requirements.

Key Responsibilities

Strategy

• Support the Head of Audit where required, in the development of the Global Internal Audit (GIA) risk assessment and development of an appropriate audit plan for Financial Crime
• Propose audits for coverage during the audit cycle based on their knowledge of the business; and 
• Carry out their role in line with the Audit Charter and remain independent from management and free from interference.

Business

• Assist the Head of Audit to effectively manage the cost of assigned audits within the allocated budget for audit engagements.

Processes

Audit Delivery

• Participate as team member or team leader for assigned audit work and potentially lead the more complex audits such as cross-functional and multi-location high risk audits;
• Ensure that audit deliverables meet quality standards and timelines in line with the GIA methodology;
• Draft and submit inputs to the audit scope (including the Audit Planning Memo and Controls document) proposed by the Audit Lead;
• Assist in the drafting of the audit report in the GIA report review process; and
• Track the implementation/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/action plan owners and escalate audit findings that remain unresolved.

Stakeholder Management

• Establish and maintain effective working relationships with the management of business units which fall under risk assessment responsibility.

Communication

• Assist the Head of Audit (HOA) to manage the relevant Product/Country clients, 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;
• Ensure clear communication of findings/issues/root causes to all relevant clients and monitor/escalate any overdue actions plans to the appropriate business manager and/or governance committee for resolution; and
• Ensure timely escalation of delays in execution of audit work, both to auditee management and GIA management.

People & Talent

• Demonstrate proactivity and positive engagement during team sessions;
• Influence change within the department by highlighting potential enhancements; 
• Identify growth areas at the start of each audit, and discuss with the Audit Lead on how best to work on them during the work;
• Identify and successfully complete key internal training for self-development; and
• Support the HOA to proactively spot talent for GIA.

Risk Management

• Support the Head of Audit to update the relevant assigned 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;
• Be prepared to raise issues/concerns outside the normal audit process;

Governance

• Review reports regularly to keep up-to-date with key trends within the business.
• Assist Head of  Audit (HOA) by attending key financial crime committee meetings and also prepare the minutes to be tabled to senior 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;
• Contribute to the compliance audit team in achieving the outcomes set out in the Bank’s Conduct Principles: Financial Crime Prevention and The Right Environment; and
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

• Designated business stakeholders, typically related to individual audit assignments and the assigned portfolio; and
• GIA stakeholders – team leaders, team members, team managers, Product, Functional, Country and Regional Heads of Audit.

Other Responsibilities

• Embed Here for good and Group’s brand and values in GIA; and
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Skills and Experience

• Financial Crime risk management
• Communication 
• Writing skills
• Audit Analytics
• Tableau/Power BI

Qualifications, skills and attributes 

• An experienced financial crime practitioner or auditor with a minimum of 5 years relevant experience in audit or compliance, or operational experience in managing financial crime risks
• In-depth understanding of financial crime risk management and associated control requirements;
• Strong communicator, both written and verbal, with ability to clearly explain controls to be tested and risks identified to audit and business management;
• 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;
• Ability to exercise good judgement and objectivity;
• Ability to work within a global team;
• Professional audit certification preferred; and
• Ability to commit to limited business travel.

Qualifications

• Education - A minimum of Bachelors degree
• Training -    An experienced financial crime practitioner or auditor with a minimum of 5 years relevant experience in audit and/or compliance and operational experience in managing financial crime risks
• Certifications - ACAMS/ACFCS/Equivalent
• Languages - English