Standard Chartered Bank (Stanchart) Jobs – Country Head of Audit

Organisation: Standard
Chartered Bank (Stanchart)
Duty Station:  Kampala, Uganda
Job ID: 468088
About Stanchart:
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

2. 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
  • 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.

3. 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
  • 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

4. 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.

5. 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
  • Provide
    local regulators with audit reports and other information as appropriate(this
    may include localizing an audit report which has a larger geographical

6. People Management &
  • 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;

7. 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.

8. Financial Management –
  • Prepare
    and submit accurate and reasonable budgets; ensure timely submissions
  • Effectively
    manage costs within agreed budget; Forecast accurately

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
  • 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:
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.
Jobs Page: Click
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