Role Responsibilities
The GIA is the third line of defense and provides independent assurance of effective management control over the business activities (first line) and control processes held by risk framework owners and policy owners (second line). The General Investment Authority is an independent function whose primary role is to assist the Board of Directors and Executive Management to protect the assets, reputation and sustainability of the Group.
In addition to the responsibilities outlined in the audit charter to protect the Group’s assets, reputation and sustainability. CHOA will lead the implementation of GIA’s strategy for their related portfolio – focusing on:
* Customer experience
* Effective group change
* Define group competencies and avoid audit disruption
* To act as team leader and team manager, as necessary, and take responsibility for overseeing the delivery of high quality audits, the performance of which results in minimal business disruption.
Responsible, acting as Team Manager, for the completion of audit matters and audit report.
* To be emulated in value behaviors and develop an environment in which positive behaviors are celebrated and bad culture is challenged.
* Support, promote and apply the GIA auditor’s principles of the future for selecting, developing, and evaluating employees.
* The assigned audit work, as well as the work done by the team, must be carried out in an efficient and effective manner, within established budget and timelines, and in line with GIA methodology standards and relevant rules and regulations.
* To clearly identify the risks and impact of issues while writing the case, agree these issues with management and obtain Quality Management Action Plans to mitigate risks that raise any significant risks to the state in a timely and prudent manner.
* To lead the ongoing monitoring of designated countries/portfolio areas, building and maintaining engagement with stakeholders.
* Take responsibility for implementing and supporting management level exercises such as annual planning, risk assessment and training, coordinating internal audit department staff, delegating tasks according to their knowledge and skills, and monitoring these tasks.
* To assess whether auditors possess the qualifications required for their duties, powers and responsibilities; Preparing training programs to develop their professional knowledge, abilities and skills; As well as observing whether they perform their duties independently and impartially with diligence and professional care.
* Solve problems in the internal audit department and submit the necessary reports and measures to the Audit Committee.
* To support GIA audit teams by providing product/country knowledge and expertise for audits related to an individual’s area of responsibility.
* To attend and represent the GIA at formal committees and group meetings, presenting meaningful challenges and data-driven insights, as required, such as the country’s governance and non-financial risk committees.
* Act as a GIA country subject matter expert, proactively engaging with peers and stakeholders to maintain, build and share knowledge.
* Issue Validation: All audit issues work plans agreed during the audit fieldwork must be tracked to completion as per the methodology requirements.
* Define operational policies and procedures for internal audit activities and obtain audit committee support and GIAMT approval and implementation.
* To provide regulators and/or external auditors with a single point of contact within the GIA in their country and proactive and reactive communications with in-country regulators. Also, to ensure that all regulatory requirements related to the audit are addressed.
* To lead the process of establishing the Audit Committee (when required by the regulators) and ensure that it is disseminated as intended.
review delivery
* To act as team leader or team manager on assigned audit work. This will entail managing junior colleagues working on the audit to deliver the audit planning memo, process risk controls matrix, agreeing on issues and action plans with management and submitting the draft report to the team manager for review.
* Provide clear guidance and detailed review and oversee the work of the audit team so that audit outputs meet quality standards and timelines in line with GIA methodology and local rules and regulations.
* Provide guidance on business/technical auditing of technical knowledge and managerial skills to team leaders and team members to enable them to effectively make their assigned audit contributions.
* Provide technical input and challenge to audit work to be undertaken within the assigned product/country area of responsibility. This will include working with the audit team to produce high quality output that addresses the areas of greatest risk.
* Support adherence to the KIA methodology in all areas of audit engagement, in addition to raising awareness and understanding of the methodology.
Demonstrate sound knowledge of both commercial/technical areas and expert knowledge of the audit process, including the GIA system, so that audit work is carried out to a high standard that meets all methodology and requirements of the GIA system.
* Take the initiative in submitting the draft report in the process of reviewing the report of the General Investment Authority (to the government entity or the entity that approved the report).
Monitor the implementation/delivery of agreed issues/audit plans for assigned audits, understand key emerging risks, advise on problem solving for auditors/business plan owners and escalate audit findings that remain unresolved.
* To monitor organizational audits that provide input into scope and participate in discussions about findings.
Visit our careers website www.sc.com/careers
Our perfect candidate
* A qualified auditor with internationally recognized auditing and accounting certifications (including the CIA and ACCA).
* Experienced professional auditor with significant experience (10+ years) in senior internal audit roles in the AME region markets.
* Breadth of experience and understanding of key risks and governance issues in the banking industry.
* Strong communicator, in writing and orally, with ability to influence and ability to gain the respect of senior management, regional stakeholders, peers and their teams.
* Confident and brave to raise/escalate issues in a proactive, professional and timely manner.
* Excellent people manager, able to motivate teams to achieve common goals.
* Self-directed and able to work with minimal supervision.
*Arabic language is preferred
Standard Chartered Bank started in 1958 in the United Arab Emirates with its first branch in Sharjah. The group’s business gradually grew in Dubai with the opening of several branches, and today, Dubai is the administrative center of the Middle East and South Asia region. In its forty-third year, the bank enjoys the position of having the largest branch network among foreign international banks in the UAE with 10 branches across the emirate.
Standard Chartered is an international bank, focused on the established and emerging markets in Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in more than 50 countries. The three main business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.
In the UAE, we are one of the leading banks, providing a wide range of products and services to personal clients, local businesses, multinational corporations and financial institutions.