Country Head of Audit | Standard Chartered Bank – UAE
Employment:
Full Time
Role ResponsibilitiesGIA 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 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.In addition to the responsibilities defined in the Audit Charter to protect the assets, reputation and sustainability of the group. The CHOA will lead on the delivery of the GIA Strategy for their relevant portfolio – focusing on:* Customer experience* Effective Group change* Identifying Group efficiencies and avoiding disruption from audit* To act as Team Leader and Team Manager, as necessary, and take responsibility for overseeing the delivery of high quality audits, the performance of which cause minimal disruption to the business. * Responsible, where serving as Team Manager, for the finalisation of audit issues and the audit report.* To role model the valued behaviours and develop an environment in which positive behaviours are celebrated and poor culture is challenged.* Support, promote and apply the GIA Auditor of the Future principles for selection, development and assessment of staff.* Assigned audit work, as well as the work carried out by the team, should be executed in an efficient and effective manner, within the given budget and timelines, and in line with GIA methodology standards and relevant rules and regulations.* 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 any significant risks to the country in a timely and prudent manner. * To lead continuous monitoring of assigned countries / portfolio areas, and to build and maintain engagement with stakeholders.* To take responsibility for the implementation and support of department-wide exercises such as annual planning, risk assessment and training and to coordinate the internal audit department personnel, delegating the tasks in accordance with their knowledge and skills and monitoring such tasks.* To evaluate whether the auditors possess the qualifications which are required for their duties, authorities and responsibilities; preparing training programs for the development of their professional knowledge, abilities and skills; and also monitoring whether they perform their duties independently, impartially with the professional diligence and care.* To resolve problems in the internal audit department and reporting such and the necessary measures to the Audit Committee.* To support GIA audit teams by providing product/country knowledge and expertise for their audits relating to the individual’s area of responsibility.* To attend and represent GIA at formal committees and Group meetings, providing meaningful challenge and data-driven insights, as required, e.g. Governance Committees and Country Non-Financial Risk Committees.* Serve as the GIA country subject matter expert, proactively engaging with peers and stakeholders to maintain, build and share knowledge.* Issue validation: All audit issue action plans agreed during audit fieldwork should be tracked through to completion in accordance with methodology requirements.* To determine the policies and implementation procedures for the internal audit of the activities and by obtaining the support of the Audit Committee and the approval of the GIAMT, implementing the same.* To provide Regulators and/or external auditors with a single point of contact within GIA in their country and proactive and reactive communications to regulators in country. Also, to ensure all audit related regulatory requirements are addressed.* To lead the creation of an audit committee (where required by regulators) and to ensure it is deployed as intended.Audit Delivery* To act as Team Leader or Team Manager on assigned audit work. This will entail managing the junior colleagues working on the audit to deliver the Audit Planning Memo, Process Risks Controls Matrix, agree issues and action plans with management and submission of draft report to the Team Manager for review.* Provide clear guidance, detailed review and supervision of the audit team’s work so that audit deliverables meet quality standards and timelines in line with the GIA methodology and local rules and regulations.* Provide guidance on business/audit technical knowledge and management skills to team leaders and team members to enable them to effectively deliver their assigned contributions for an audit.* Provide technical input and challenge on audit work being undertaken within the scope of assigned product / country area of responsibility. This will include working with the audit team to produce outputs of high quality which address the areas of greatest risk.* Support adherence to the GIA methodology in all areas of the audit engagement, as well as raising awareness and understanding of the methodology.* Demonstrate sound knowledge of both business/technical areas and expert knowledge in the audit process, including the GIA system, so that audit work is carried out to a high standard that meets all methodology and GIA system requirements.* Take the lead in presenting the draft report in the GIA report review process (to the tollgate 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.* To monitor regulatory audits providing input into scope and being involved in the discussions on findings.Visit our careers website www.sc.com/careers
Our Ideal Candidate* A qualified auditor with internationally recognised audit and accounting certifications (including CIA&ACCA).* An experienced career auditor with significant (10+ years) experience in senior Internal Audit roles in AME Region markets.* Breadth of experience and understanding of key risks and governance matters in the banking industry.* Strong communicator, both written and verbal, with ability to influence and an ability to gain the respect of senior management, regional stakeholders, peers and their teams.* Confident and courageous to raise/escalate issues in a proactive, professional and timely manner.* Excellent people manager and able to motivate teams to achieve shared goals.* Self-directed and able to work with minimum supervision.* Arabic language preferable
Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.
Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.
In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions. More
