Audit Director - CIB, Americas

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.
In addition to the responsibilities defined in the Audit Charter, the Head of Audit is expected to:

• Lead a team of audit professionals in providing assurance over Standard Chartered Bank’s Corporate and Investment Banking (CIB) operations in the Americas.
• Be a member of the GIA Americas Leadership Team, developing and implementing team and Group-wide initiatives that improve auditor efficiency and effectiveness.
• Manage regulatory engagements, where necessary, tracking deliverables and providing timely and accurate responses to regulatory inquiries.
• Act as 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.
• Ensure that assigned audit work is executed in an efficient and effective manner, within the given budget and timelines, and in line with GIA methodology standards.

• Clearly explain the risks and impact of issues raised during testing to GIA and business management and obtain quality management action plans to mitigate the risks identified.
• Role model the valued behaviours and develop and environment in which positive behaviours are celebrate and poor culture challenged.
• Lead continuous monitoring of assigned country/portfolio areas, recording the outcome of the activities on GIA’s risk assessment of the business and the current audit plan. Raise issues and observations outside of formal audit work that arise as part of the continuous monitoring program.
• Take responsibility for the implementation and support of department wide exercises such as annual planning, risk assessment and training.
• Actively manage relationships with senior auditee management and stakeholders.
• Support GIA audit teams by providing product/country knowledge and expertise for their audits relating to the individual’s area of expertise.
• Attend and present at formal committees and Group meetings on behalf of GIA, as required, e.g. Governance Committees, Country Non Financial Risk Committees, CIB Risk Committees.
• Oversee the validation of audit and regulatory issues:
  Ensure that all audit issue action plans agreed during audit fieldwork are tracked through to completion in accordance with methodology requirements.

• Contribute to the GIA risk assessment and development of an appropriate audit plan for assigned portfolio.
• Audits in the role holder’s portfolio in the GIA audit plan should address the key risks identified in the detailed risk assessment and in the audit planning process, and meet relevant regulatory requirements and expectations.
• Continually…