Head Audit at Standard Chartered Bank July 2023, Jobs at Standard Chartered Bank 2023, The role is Country Head of Audit Kenya & East Africa, with responsibility for management of the Group’s Internal Audit function (“GIA”) in the Kenya & East Africa, in accordance with the Group’s Audit Charter.
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The role reports directly to the Regional Head of Audit, Europe & Americas and Africa & Middle East (‘EA &AME’) and also has key interaction with the CEO Kenya & East Africa, members of the Management Teams for Kenya and East Africa, the Chairman of the Kenya Audit Committee for Standard Chartered Bank Kenya Limited and other members of GIA Audit Executive Team, including the Group Head, Internal Audit. The role also represents the Internal Audit and regulatory requirements from the Central Bank of Kenya. Jobs at Standard Chartered Bank
What will you do?
Oversee the Kenya & East Africa GIA team in providing independent assurance of the effectiveness of management’s control of business activities (the first line) and of the processes maintained by the Risk Control Functions (the second line). This includes ongoing monitoring and risk assessment of the business and functions across East Africa, then the development and delivery of an Audit Plan of coverage, and meeting the coverage required by regulators. Ensure early anticipation, identification and escalation of risks, issues, trends and developments to relevant stakeholders, including deviations from the Group’s Valued Behaviors and Code of Conduct.
Be prepared to raise issues/concerns outside the normal audit or credit review processes. Ensure the Kenya & East Africa audit team is adequately structured and resourced by an appropriate number of diverse and competent staff, who are sufficiently independent to perform their duties objectively. Support relevant training and learning programmes and individual growth plans, including the GIA methodologies and technology tools and understanding current peer industry practices. Meet GIA budget requirements and seek opportunities for GIA process innovations and efficiencies, within the bounds of the GIA methodology, without compromising on the effectiveness of audit processes. Provide key insights from a risk, control and strategic perspective into the Kenya & East Africa Management Team, Risk Committees and other forums.
What do you need to succeed?
An experienced, self-directing career auditor (internal and external), or a businessperson who has a breadth of experience in either audit, credit review or governance. A professional audit certification is preferred. Demonstrable understanding of the regulatory landscape and current expectations for audit in Kenya and other East Africa markets. Strong leadership qualities, interpersonal and people management skills. Strong written and verbal communicator, with personal courage, a change mindset and the ability to influence and to gain the respect of senior management, stakeholders, peers and their teams. Jobs at Standard Chartered Bank
Live the Valued Behaviors of “Do the right thing”, “Never settle” and “Better Together” on a day-to-day basis whilst seeking opportunities for self-development and growth. Be an inspirational people leader who looks for opportunities to grow others, develop talent, give clarity and guidance, drive purpose, and enhance decision quality across the team. Be a leader who helps to grow the Bank, harnessing a strategic mindset and the ability to navigate complex situations and ambiguity.
What’s in it for you?
There is regular and extensive connection with the Kenya regulators and external auditors, with various annual regulatory examinations and supervisory meetings. The performance of GIA and influence on management are key topics of interest and a major contributor to our regulatory standing. The CHOA has extensive opportunity for relationship building with the Kenya & East Africa CEO who also sits on the Africa & Middle East Regional Management Team
SCB has built strong connection with the peer bank internal audit community in Nairobi, which enables exposure for the CHOA to the peer group and the exchange of ideas and insight for continuous improvement of GIA. SCB are also notable in the peer audit industry as a prominent foreign bank with the unique network of strong links to Asia, Africa and the Middle East and the diversity of business that brings to the East Africa franchise
Responsibilities
Contribute to the GIA risk assessment and design the subsequent risk-based audit plan for the assigned portfolio – an assessment of the appropriateness of the audit plans from a Kenya & East Africa perspective; 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. Business 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.
Processes
To act as Team Manager on assigned audit work on Kenya and East Africa. This will entail managing the Team Leader and junior colleagues working on the audit to deliver the Audit Planning Memo, Process Risks Controls Matrix, agree issues and action plans with management and submission of draft report to the Team Manager for review; 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.
Provide guidance on business/audit technical knowledge and management skills to team leaders and team members to enable them to effectively deliver their assigned contributions for an audit; Provide technical input and challenge on audit work being undertaken within the scope of assigned product / country area of responsibility. This will include working with the audit team to produce outputs of high quality which address the areas of greatest risk. Support adherence to the GIA methodology in all areas of the audit engagement, as well as raising awareness and understanding of the methodology.
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; Take the lead in presenting the draft report in the GIA report review process (to the tollgate or report approver); and Monitor the implementation/delivery of the agreed issues/audit plans for the audits assigned, understanding the key risks arising, provide advice on resolution of issues to auditees/action plan owners and escalate audit findings that remain unresolved
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