Senior Audit Manager, Third Party & Operational Risk

Full Time, onsite
Standard Chartered
Kuala Lumpur, Malaysia

Salary undisclosed

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Job Summary

Group Internal Audit (GIA) in Standard Chartered Bank is looking for an exceptional and dynamic Audit Manager to join our Third Parties (TP) and Operational Risk GIA Team.
We engage Third Parties for a wide variety of goods and services to effectively run our business. All Third Party engagements must be managed appropriately in accordance with the underlying risks throughout the lifecycle - from sourcing, onboarding, Day 2 vendor management to exit.
This is a role that provides exposure to auditing and risk management of Third Party risks at a global scale and offers significant career development opportunities. There will be opportunities to learn about Group framework, policies and standards across Principal Risk Types with a focus on Third Party risks to influence and drive changes.
This role will get to work on more complex audits such as cross-functional and multi-location high risk audits and will also provide you the opportunities to interact and engage with both Group and Country Stakeholders.
You will also get to learn about different Risk Types and get to engage with different Risk Groups relevant to Third Parties such as Supply Chain Management, CISO, CISRO, Compliance (including Anti-Bribery and Fraud), Data Privacy, Resilience, Group Operational Risk etc.

Key Responsibilities

GIA represents the third line of defence whose primary role is to help the Board and Executive Management to protect the assets, reputation and sustainability of the Group. GIA provides independent assurance on the management’s awareness of risks and the effective execution of controls within their business activities (the first line) and of the relevance, effectiveness and monitoring of risk and related controls maintained by the Risk Framework Owners and Policy Owners (the second line). .

As defined in the Audit Charter, all staff in GIA must exhibit the highest level of professional objectivity at work. 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 to protect the assets, reputation and sustainability of the group. The Senior Audit Manager is expected:

To act as a Team Leader and take responsibility for overseeing the planning and execution of the audit, maintaining the audit budget, including drafting of audit programmes, audit issues and the audit report.
To act as a Team Member on assigned audit work involving Third Party Risk across the Group and support the Team Leader/ Team Manager by executing audit planning, fieldwork and reporting for work assigned in an efficient and effective manner such that audit work meets the given budget, quality standards and timelines.
Support the Team Manager / HOA to ensure that the scoping of audit work assigned addresses the key risks identified in the detailed risk assessment and in the audit planning process, and meets relevant regulatory requirements and expectations that are required to be covered by GIA.
Ensure timely escalation of delays in execution of audit work, to HOA, auditee management and GIA management.
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;
Apply an in-depth understanding of, and compliance with, GIA methodology standards and the GIA system in all areas of assigned GIA activity.
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.

Provide ongoing continuous monitoring support to Head of Audit (HOA) and raise issues and observations outside of formal audit work to expedite rectification of control weaknesses.
Demonstrate leadership and ability to motivate and guide audit team members.

Skills and Experience

Business

Provide written performance feedback to team members at the end of an audit.

People & Talent

Build good working relationships with the business to facilitate execution of audit work, help improve the control environment and keep updated with changes in the risk profile of the business.

Risk Management

Support the HOA 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.
Review MI and reports regularly to keep up-to-date with key trends within the business.

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.
Lead the Group Internal Audit team to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] *
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

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

Qualifications

An experienced auditor with a minimum of 10 years audit experience preferably with relevant experience in Third Party risks such as Outsourcing, Procurement or Third Party Risk Management and/ or Operational Risk with a Bank of global scale or Big-4 Accounting firm.
Experienced in performing vendor onsite reviews across various types of vendor services or experiences in working with technology vendors such as cloud vendors will be an advantage.
Understanding of Third Party or Outsourcing risks across business strategy, plans, products, performance and related issues.
Strong communication skills, both written and verbal in English, with ability to influence business management, other stakeholders and peers.
Strong leadership skills and experienced in leading/ managing audit assignments.
Data analytics skills and experience will be preferred.
Confident and courageous to raise/escalate issues in a proactive, professional and timely manner.
Track record of performing work independently with minimal supervision and meeting stretch timelines; comfortable and resourceful to deal with ambiguity and solve problems.
Ability to collect and objectively analyse and apply information, “thinking out of the box” where necessary, in supporting the planning, fieldwork or reporting of results of internal audit engagements.
Displays initiative and resourcefulness. Willingness and capacity to learn on the job and work across different teams.
Responds enthusiastically to tasks allocated, accepts responsibility readily and demonstrates business professionalism.
Good time and project management, well-organised with the ability to prioritise and manage different work assignments to ensure delivery to timescales.
Certified Internal Auditor (CIA) / Certified Information Systems Auditor (CISA) is preferred

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 organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.