Job opportunity for Country Head of Audit at Standard Chartered Bank

Job Title:   Country Head of Audit

Standard Chartered PLC is a British multinational banking and financial services company headquartered in Hong Kong, China. It operates a network of over 1,700 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Africa, United Kingdom, United States and the Middle East. Standard Chartered Bank Uganda is the longest established international bank in the country; the first branch was opened in August 1912. We had 11 branches up to 1972 and retained only one branch during the turbulence of the 70s. In 1998 we acquired 4 branches of former Cooperative Bank in November 1999. Standard Chartered Bank Uganda today has a network of 11 branches in Kampala, Jinja, Mbale, Mbarara and Gulu. Standard Chartered Bank Uganda has 29 ATMs and over 600 staff.

Key Duties and Responsibilities:

  1. Risk Assessment:
  • Ensure early identification and escalation of risks, issues, trends and developments to relevant stakeholders. Be prepared to raise issues/concerns outside the normal audit process;
  • Adopt an anticipatory approach to risk assessment through stakeholder communication and monitoring of external environment to improve audit planning;
  • Actively monitor the implementation / delivery of the agreed audit plan for the country / region as assigned; understanding the key audit issues arising and escalating any significant audit findings that remain unresolved;
  • Attend country CORGs on a regular basis; Attend key Country governance meetings on a regular basis e.g. MANCO; Audit Committees
  • Regularly review country MIS regularly; Avoid surprises.
  • Update country ANAs on a six monthly basis

  1. Audit Planning/Design:
  • Develop an annual audit plan using input from the team and stakeholders to identify priorities and resource requirements for the year. Annual audit plan should cover all activities of the country, including any local subsidiaries, and regulatory audit requirements. 
  • Meet with other managers, business heads, CEO and Audit Committee members to discuss needs and propose audits, to build stakeholder requirements into department plans.
  • Ensure plan is developed to meet the Group & Audit Committee’s expectations.
  • Schedule and assign audits to team members, ensuring effective and efficient use of resources.
  • Ensure quality control of the team’s audit plans on an ongoing basis by reviewing and approving plans as they are developed and communicated to stakeholders.
  • Ensure annual audit plans have contingency built in, to provide unexpected audits as they may surface.
  • Quickly report to the Audit Committee at the required intervals on Internal Audit assignments including planned reviews, investigations, risk advisory work and any other ad-hoc activity as required.

  1. Audit activity – Country Audit, Rules Based Assurance & Control Effectiveness Reviews:
  • Manage and provide quality control for the department’s audits, to ensure departmental mandate and business goals are met and that professional standards are maintained at all times.
  • Ensure the timely execution of audit and assurance assignments to provide independent, objective assurance to the Audit Committee.
  • Where appropriate ensure these plans are presented at CORG on a quarterly basis
  • Develop the team’s engagement with and support of major business change programmes thus ensuring that appropriate consideration of risk and control is given to all change.
  • Ensure GIA methodology is adhered to; initially the Country Audit and Assurance methodology and then the amalgamated Assurance and GIA methodology
  • Ensure Country Audit activity is sufficient to meet the requirements/expectations of local Regulators

  1. Issue Resolution and follow up:
  • Ensure issues raised are appropriately resolved in a timely manner
  • Ensure that appropriate follow up of issues and escalations where appropriate.

  1. Reporting, Communication & Engagement:
  • Ensure final reports are issued with all recommendations agreed and accepted by the audited individual/group.
  • Delivery of Country/ Area MIS in respect of the activity undertaken;
  • Conduct / attend regular stakeholder meetings – CEOs, business heads, function heads, governance heads;
  • Provide Audit Committees in the country with GIA reports as required;
  • Provide Regional GIA management with regular value added reports and updates, including country “hotspots” reports;
  • Provide governance stakeholders with regular value added reports and updates or as appropriate;
  • Provide local regulators with audit reports and other information as appropriate(this may include localizing an audit report which has a larger geographical coverage);

  1. People Management & Development:
  • Demonstrate strong leadership and is able to effectively manage Country Audit teams;
  • Manage and oversee team performance through performance planning, coaching and performance appraisals.
  • Hold direct reports accountable for managing and developing their assignments to ensure the department’s goals are achieved and customers satisfied.
  • Provide ongoing feedback to the team to ensure they develop the skills and competencies required for effective planning and individual professional and personal career growth. Ensure Country audit staff are appropriately skilled and trained to undertake Country Audit and Assurance activity
  • Motivate and inspire the team by providing them with the information and tools they need to do their jobs well and meet customer expectations.
  • Deal with performance issues, discipline as necessary and address poor standards, ensuring department targets and customer satisfaction is not compromised.
  • Manage the head count, recruiting and deploying resources as required, to ensure the department budget is balanced and the right mix of skills and strengths are being leveraged as effectively as possible. Obtain regional approvals for all headcount hires, including replacements.
  • Identify and recommend potential Guest Auditors;
  • Proactively identify, attract and nurture potential talent for GIA;

  1. Improving the Practice of Audits/Championing Risk Management:
  • Build relationships with leaders across the region/ Group to understand issues and identify areas for improvement for the organisation as a whole.
  • Technically support and encourage team members to be proactive in identifying opportunities to share best practice to improve the control environment; make recommendations to Region/ Group.
  • Provide assistance to the business in meeting regulatory requirements.
  • Stay abreast of developments in Corporate Governance practices and advise the business accordingly.

  1. Financial Management – Budgets/Costs:
  • Prepare and submit accurate and reasonable budgets; ensure timely submissions
  • Effectively manage costs within agreed budget; Forecast accurately

Qualifications, Skills and Experience:

  • The applicants for the Standard Chartered Bank Job should be members of the Institute of Internal Auditors and hold equivalent finance qualification (ACCA, CPA, etc.) with Internal Audit experience
  • At least five years’ experience in Internal Audit roles, preferably in a bank
  • Ability to lead and manage people effectively; Strong team player able to work effectively with diverse client groups
  • Excellent communication skills with an ability to gain the respect from their teams, peers and with senior management and business stakeholders;
  • Be confident and courageous to raise concerns and issues with senior managers in a proactive and professional manner; Decisive; Influencing and negotiation ability
  • Possesses the breadth of experience in either audit or governance or both; Strong planning and organisational skills
  • Is self directed and able to work with minimum supervision; escalating issues in appropriately and in a timely manner;
  • Excellent analytical and evaluation ability
  • Is willing to travel for approximately 20% of time, on an as needs basis.
  • Is an ambassador for the SCB Brand internally & externally

NB: Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.

How to Apply for the job:

If interested in working with Standard Chartered Bank in the above portfolio, Please send us visit Web link below and review requirements and thereafter express your interest by Clicking Apply Now.

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