The Role Responsibilities
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 to protect the assets, reputation and sustainability of the group. The CHOA will lead on the delivery of the GIA Strategy for the relevant country – focusing on:
* Customer experience
* Effective Group change
* Identifying Group efficiencies
* To 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;
* To role model the valued behaviours and develop an environment in which positive behaviours are celebrated and poor culture is challenged.
* To execute audit work in an efficient and effective manner, within the given budget and timelines, and in line with GIA methodology standards.
* 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;
* To lead continuous monitoring of assigned country / 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;
* 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; and
* Serve as the GIA country subject matter expert – proactively engage with peers and stakeholders to maintain, build and share knowledge.
* All audit issue action plans agreed during audit fieldwork should be tracked through to completion in accordance with methodology requirements supporting timely closure of issues.
* In-depth understanding of [insert business specialism] risk management and associated control requirements;
* Strong communicator, both written and verbal, with ability to clearly explain controls to be tested and risks identified to audit and business management;
* 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;
* Ability to work within a global team.
* Experience in audit, governance, risk or in a business environment;
* Professional audit certification preferred
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.