Senior Audit Manager -Traded Risk
Standard Chartered
Warsaw, Poland, Americas
5 d. temu

About Standard Chartered

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation.

This in turn helps us to provide better support to our broad client base. The Role Responsibilities

The Senior Audit Manager, Traded Risk supports execution of the Bank’s strategy for the audit coverage of Traded Risk. The role also includes audit execution across other Principle Risk Types.

Traded Risk includes Traded Market Risk and Traded Credit Risk, and is an increasingly material Principal Risk Type. The Group now has permission to apply its internal models to estimate regulatory capital for both market and traded credit risk.

In addition to the responsibilities defined in the Audit Charter, the Senior Audit Manager is expected :

  • To act as a Team Leader on assigned audit work involving Traded risk across the Group. This will entail managing the auditors working on the audit to deliver the Audit Planning Memo, Controls Document, agree issues and action plans with management and submission of draft report to the Team Manager for review;
  • To act as Team Manager and take responsibility for overseeing the delivery of high quality audits, including finalising of audit issues and the audit report;
  • To confirm that assigned audit work, as well as the work carried out by team members is executed 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 countries / portfolio areas, and to build and maintain engagement with stakeholders;
  • To take responsibility for the design and implementation 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 present at formal committees and Group meetings on behalf of the HOA or for their own area of responsibility, as required, e.
  • g. Governance Committees and Country Non-Financial Risk Committees; and

  • The individual will support the HOA in their role as the GIA portfolio / country subject matter expert, depending on the skills of the individual.
  • Issue validation : all audit issue action plans agreed during audit fieldwork should be tracked through to completion in accordance with methodology requirements
  • Ensure that audit team operates in line with the Audit Charter during engagements, remains independent from management and free from interference.
  • Assist the HOA to effectively manage the cost of assigned audits within the allocated budget for audit engagements;
  • 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 high quality outputs which address the risk;
  • Take the lead in presenting the draft report in the GIA report review process (to the tollgate or report approver); and
  • Have a thorough understanding of the regulatory landscape and to ensure that all key regulatory concerns are covered in the audit scope.
  • 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.
  • Assist the HOA to manage the relevant Product / Country clients, and establish good working relationships to help the businesses improve the control environment and keep updated with changes in the business impacting their risk profile;
  • Our Ideal Candidate

  • Experienced career internal (or external) auditor, or traded risk practitioner
  • Professional audit certification preferred
  • Core knowledge across a range of risk types, though advanced knowledge in traded risk.
  • Advanced understanding of regulatory guidance and requirements around Market and Traded Credit Risk management
  • Core understanding of VAR, RNiV, IMM quantitative risk models
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