Head of Audit, Corporate Finance

  • Negotiable
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Standard Chartered Bank
  • 20 Jul 18 2018-07-20

The Head of Audit, CF has responsibility for management of the Group's internal audit function (GIA) relating to Corporate Finance and Principal Finance (PF). The Audit Team of CF consists of approx. 4 staff (including the Portfolio HoA); 1 Portfolio Champion and 2 audit manager

The Head of Audit, CF has responsibility for management of the Group's internal audit function (GIA) relating to Corporate Finance and Principal Finance (PF). This is in accordance with the Group's Audit Charter, as approved by the Audit Committee from time to time, and for reporting directly to the Group Head of Internal Audit.Strategy.Ensure that the CF and PF activities take into account the Group's strategy and is able to form an independent view of whether the key risks have been identified, including emerging and systemic risk and assess how effectively these risks are managed.Ensure that the team operates in line with the Audit Charter, which is agreed with the Audit Committee.Ensure that the team remains independent from management and free from interference.Business.The role spans audit activity across CF and PF globally.TThe Head of Audit, CF is responsible for supervising the overall audit process within the CF business product line including Risk Assessment, Audit Planning, Audit Fieldwork and Reporting.The Head of Audit, CF is responsible for reporting the results of Internal Audit's activity to Senior Management within CF including multiple B1 and B2 stakeholders, Senior Managers and Certified Persons within the BRA-IA regime and relevant Committees in conjunction with Global Head of Audit CIBCB and Group Head of Audit.The Head of Audit, CF is responsible for seven Auditable Entities under the GIA Risk Assessment Methodology (as at 2017).People and Talent The Head of Audit, CF is to:Ensure the team is adequately resourced and staffed by an appropriate number of competent staff, who are sufficiently independent to perform their duties objectively. This involves building specialism's and depth of audit skills in a complex and specialist portfolio with senior stakeholders.Ensure the team have access to the necessary training/learning programmes to execute their role and, where required, maintain any professional qualifications and memberships.Allocate appropriate responsibility, accountability and authority to direct reports.Provide leadership, management and coaching to direct reports to ensure they are highly engaged and performing to their potential.Provide oversight to Cross functional and Country audit teams performing work relevant to the Head of Audit, CF portfolio - approximately 5 for the year in addition to the risk based & regulatory audits executed by HoAs within the remit of the portfolio. Head of Audit CF is to build and embed a team culture within the CF audit team, but also foster a collaborative and collegiate team ethos within the broader CIBCB and GIA wide audit teams.

Head of Audit CF is responsible for driving succession plans for all reports and implementing Individual Learning and Development Plans for all reports.
Risk Management
The Head of Audit, CF oversees the CF Internal Audit team which is one part of the wider third line of defence and provides independent opinion on the state of controls. The Head of Audit, CF provides an opinion over the performance of the CF control environment and an opinion on the effectiveness of that control environment.The Head of Audit CF is responsible for developing the audit strategy for the portfolio, globally, and driving the risk assessment and audit plan so that key risks are considered, covered and reported as appropriate to contribute to GIA's wider aim to "protect the bank's assets".
The Head of Audit, CF should be anticipatory, external and internally focused, vocal with senior stakeholders and provide thematic audit issues, a view on key risks associated with the business and message consistently to stakeholders these views.The Head of Audit, CF shall have no direct operational responsibility or authority over any of the activities subject to Internal Audit's review.
GovernanceThe Head of Audit, CF is responsible for ensuring that the portfolio is appropriately represented at all the relevant risk and process governance committees to track and identify relevant and material issues. The Head of Audit, CF shall also provide input as required by Global Head of Audit CIBCB and Group Head of Audit to relevant Group Level Committees. The Head of Audit, CF oversees/participate in the following committees:
Qualifications: Risk and Controls professional with ideally a recognised Audit qualification.Strong understanding of the corporate finance banking environment and the associated business challenges, developed through experience.Experience in working in multiple geographies, including in Asia and other emerging markets. Sound understanding of financial governance, oversight and control frameworks. Strong leadership qualities, excellent interpersonal, influencing and stakeholder management skills.Analytical inquisitive nature and sharp business acumen, the ability to assess risk and thereby optimise performance. Strong sense of integrity and financial independence with an ability to challenge. Excellent communication skills, written and verbal, given the need to deliver consistent and compelling messages to internal and external stakeholders.

Proven ability to manage highly diverse teams in widely dispersed geographies.
Strong management and people development track record.
High level of resilience and maturity to operate in a results driven and fast moving environment