The role is responsible for audit coverage of both the Markets and XVA as part of the Markets business.
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.
Responsibilities
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:
Audit Delivery Act as a Team member on assigned audit work involving Markets, delivering the Audit Planning Memo, Controls Testing document (RCM), obtaining factual accuracy of audit issues raised, and working with management to agree upon action plans. Execute work efficiently and effectively within the given budget and timelines, in line with GIA methodology standards. If opportunities arise, act as a Team Leader on assigned audit work, managing auditors and submitting draft reports to the Team Manager for review. Clearly identify risks and impacts during audit issue identification. Apply The Writer’s writing style in both audit issues and audit reports. Obtain quality management action plans to mitigate identified risks. Build and maintain engagement with stakeholders to support continuous monitoring efforts. Support PHoA in undertaking the responsibility for designing and implementing department-wide exercises such as annual audit planning and risk assessment. Support GIA audit teams by providing product/country knowledge and assist with country audits related to Markets. Attend and present at committees/forums on behalf of PHoA or for their own area of responsibility. Support PHoA in their role as the GIA portfolio/country subject matter expert, depending on the skills of the individual. Track all audit issue action plans agreed during audit fieldwork through to completion in accordance with methodology requirements. Socialize knowledge with the wider GIA team through the conduct of trainings. Support The PHoA Where Required Take responsibility and contribute to the GIA risk assessment and design the subsequent risk-based audit plan for the Markets portfolio. Ensure audits assigned in the GIA audit plan address key risks identified in the risk assessment and meet relevant regulatory requirements. Consider the relevance of the assigned audit plan throughout the year as the business risk profile changes, proposing changes as appropriate. Ensure that the audit team operates in line with the Audit Charter during engagements, remains independent from management and free from interference. Assist PHoA in effectively managing 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. Propose changes to audit plans to the PHoA as appropriate to maintain relevance. Establish and maintain effective and independent working relationships with the management of risk functions and business units under portfolio responsibility. Qualifications Professional auditor or business practitioner with core audit/business skills, particularly in Traded, Governance, Operational Risk, and Financial Crime Compliance. Prior experience and knowledge of the Markets Trading products is preferable. Professional audit certification preferred. Knowledge across a range of risk types (e.g., credit risk, traded risk, operational risk). Strong and impactful communicator, both within reports and verbally, with the 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. About Standard Chartered We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge, and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good, are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together We Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do. Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well. Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term. What We Offer In line with our Fair Pay Charter,
we offer a competitive salary and benefits to support your mental, physical, financial, and social wellbeing.
Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations. Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum), and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum. Flexible working options based around home and office locations, with flexible working patterns. Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders, and all sorts of self-help toolkits. A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual, and digital learning. Being part of an inclusive and values-driven organization, one that embraces and celebrates our unique diversity across our teams, business functions, and geographies - everyone feels respected and can realize their full potential.
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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.
Responsibilities
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:
Audit Delivery Act as a Team member on assigned audit work involving Markets, delivering the Audit Planning Memo, Controls Testing document (RCM), obtaining factual accuracy of audit issues raised, and working with management to agree upon action plans. Execute work efficiently and effectively within the given budget and timelines, in line with GIA methodology standards. If opportunities arise, act as a Team Leader on assigned audit work, managing auditors and submitting draft reports to the Team Manager for review. Clearly identify risks and impacts during audit issue identification. Apply The Writer’s writing style in both audit issues and audit reports. Obtain quality management action plans to mitigate identified risks. Build and maintain engagement with stakeholders to support continuous monitoring efforts. Support PHoA in undertaking the responsibility for designing and implementing department-wide exercises such as annual audit planning and risk assessment. Support GIA audit teams by providing product/country knowledge and assist with country audits related to Markets. Attend and present at committees/forums on behalf of PHoA or for their own area of responsibility. Support PHoA in their role as the GIA portfolio/country subject matter expert, depending on the skills of the individual. Track all audit issue action plans agreed during audit fieldwork through to completion in accordance with methodology requirements. Socialize knowledge with the wider GIA team through the conduct of trainings. Support The PHoA Where Required Take responsibility and contribute to the GIA risk assessment and design the subsequent risk-based audit plan for the Markets portfolio. Ensure audits assigned in the GIA audit plan address key risks identified in the risk assessment and meet relevant regulatory requirements. Consider the relevance of the assigned audit plan throughout the year as the business risk profile changes, proposing changes as appropriate. Ensure that the audit team operates in line with the Audit Charter during engagements, remains independent from management and free from interference. Assist PHoA in effectively managing 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. Propose changes to audit plans to the PHoA as appropriate to maintain relevance. Establish and maintain effective and independent working relationships with the management of risk functions and business units under portfolio responsibility. Qualifications Professional auditor or business practitioner with core audit/business skills, particularly in Traded, Governance, Operational Risk, and Financial Crime Compliance. Prior experience and knowledge of the Markets Trading products is preferable. Professional audit certification preferred. Knowledge across a range of risk types (e.g., credit risk, traded risk, operational risk). Strong and impactful communicator, both within reports and verbally, with the 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. About Standard Chartered We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge, and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good, are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together We Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do. Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well. Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term. What We Offer In line with our Fair Pay Charter,
we offer a competitive salary and benefits to support your mental, physical, financial, and social wellbeing.
Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations. Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum), and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum. Flexible working options based around home and office locations, with flexible working patterns. Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders, and all sorts of self-help toolkits. A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual, and digital learning. Being part of an inclusive and values-driven organization, one that embraces and celebrates our unique diversity across our teams, business functions, and geographies - everyone feels respected and can realize their full potential.
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