Senior Audit Manager, ESG & Reputational Risk

Job description

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Senior Audit Manager, ESG & Reputational Risk

Area of interest: Audit, Accounting & Finance

The individual will be a core Environmental Social Governance & Reputational (ESGR) risk audit specialist and expected to participate in ESGR related audits carried out at Group, Functions, Business and Country level.

When needed, the audit manager can also support wider department audit plan deliveries, not just limited to ESGR audits.

Auditors are to

• Establish and develop effective working relationships with Management of the client segment business units and relevant support functions for which incumbent has risk assessment and monitoring responsibility.
  
  
• Act as liaison with Management to ensure full understanding of the clients and client-led business strategy, plans, products, performance and risk-related issues at business unit level and communicating these to the relevant Functional Audit Team members via bottom-up continuing risk assessments and dialogue.
  
  
• Perform, support, or lead where directed, the planning, fieldwork and reporting of internal audit engagements to deliver agreed assurance objectives to established standards and timelines.
  
  
• Actively track and elevate, where appropriate, significant issues and audit findings that remain unresolved.
  
  
• Develop and maintain a robust risk assessment process for documenting and communicating the results of assessment, the consolidated audit strategy and plan for the assigned client portfolios and business functions.
  
  
• Maintain effective relationships with relevant GIA stakeholders to provide input and assistance on developing their audit approach as required.
  
  
• Provide non-assurance services to business units where required, through participation on advisory engagements and special projects within the Group.
  
  
• Where undertaking the role of Team Leader for ESGR audits, provide interim performance feedback to team members.
  
  
• Share knowledge, skills, and experience with team members to guide and assist in their development.
  
  
• Identify, clearly document, and elevate significant issues.
  
  

Support Audit Director where required:

• To take responsibility and contribute to the GIA risk assessment and design the subsequent risk-based audit plan for the ESGR portfolio.
  
  
• Audits assigned to the individual 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 that are required to be covered by GIA.
  
  
• Consider whether the assigned audit plan remains relevant throughout the year as the risk profile of the business changes.
  
  Propose changes as appropriate, and,
• Ensure that audit team operates in line with the Audit Charter during engagements, remains independent from management and free from interference.
  
  
• Assist Audit Director to effectively manage the cost of assigned audits within the allocated budget for audit engagements, and
• Identify and implement opportunities for cost savings and optimal productivity of assigned audit engagements.
  
  
• To support the audit execution work involving ESGR across the Group.
  
  Assigned audit work is executed in an efficient and effective manner, within the given budget and timelines, and in line with GIA methodology standards.
  
  
• When opportunities arise, to Team Leader on assigned audit work.
  
  This will entail managing the auditors working on the audit to deliver the Audit Planning Memo, Controls Testing document (RCM), obtain factual accuracy of audit issues raised and work with management to agree upon the
• action plans, and submission of draft report to the Team Manager for review.
  
  
• To clearly identify the risks and impacts during audit issue identification.
  
  Apply The Writer’s writing style in both audit issues and audit report.
  
  Obtain quality management action plans to mitigate the risks identified.
  
  
• Support Audit Director to undertake the responsibility for the design and implementation of department wide exercises such as annual audit planning and risk assessment.
  
  
• To support GIA audit teams by providing product/country knowledge.
  
  Where applicable, supports country audits in the execution of ESGR audits.
  
  
• The individual will support the Audit Director in their role as the GIA portfolio/country subject matter expert, depending on the skills of the individual.
  
  
• During issue validation, all audit issue action plans agreed during audit fieldwork should be tracked through to completion in accordance with methodology requirements.
  
  
• Share knowledge to increase specialism within the function, through sharing of newsletter, blog and provide trainings to GIA peer.
  
  
• Build the knowledge in GIA by staying relevant with ESGR developments, understand the industry standards and regulatory changes across the Group impacting ESGR.
  
  
• Influence change within the department by highlighting potential enhancements.
  
  
• Facilitate the development of audit team members by providing on the job training and recommending formal training to support GIA activities.
  
  
• Establish good working relationships and networking to help the businesses and second line improve the control environment and keep updated with changes impacting the risk profile.
  
  
• Promote early identification and escalation of risks, issues, trends and developments to relevant stakeholders.
  
  
• Serve as the GIA portfolio subject matter expert – proactively engage with peers and stakeholders to maintain, build and share knowledge.
  
  
• Be able to clearly explain the outcome of audits and the issues; as well as ensure that the results are reasonably justified and hold up under scrutiny.
  
  
• Propose changes to audit plans to the Audit Director, as appropriate, so that the audit plan remains relevant.
  
  
• Delays in the execution of audit work should be escalated in a timely manner, both to auditee management and GIA management.
  
  
• 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.
  
  
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  
  

Key stakeholders

• Establish and maintain effective and independent working relationships with the management of risk functions and business units which fall under portfolio responsibility.
  
  
• GIA stakeholders – GIA Management Team, peer Heads of Audits (Country and Functional), COO function

Qualifications

• A University Degree plus proven work experience as a professional auditor with core audit / business skills, particularly in risk management, or business audits.
  
  Prior audit experience with the large, globally established firms to cover risk audits and in particular audit experience and knowledge of the Sustainable Finance, Climate Risk is preferable.
  
  
• Data Analytics background preferred
• License: Professional audit certification preferred
• Certificate in Sustainability and Climate Risk (SCR®) Certificate by GARP
• Certificate in ESGR Investing by CFA Institute
• Certificate in Sustainability for Finance by ACCA
• Good command of English

Skills and Experience

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.
  
  

Recruitment Assessments

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to.

If you are invited to take an assessment, this is great news.

It means your application has progressed to an important stage of our recruitment process.

Required Skill Profession

Finance