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Quality Assurance (QA) represents the Second Line of Defence and provides independent assurance on Balance Sheet Substantiation submitted by the First Line Account Owners. QA will review and challenge the quality of substantiations/reconciliations and aims to perform oversight through their reviews, to ensure satisfying the assertions of exist
Job Responsibility:
Perform Balance Sheet Assurance Reviews in alignment with the Framework to ensure compliance with relevant policies and financial controls
Identify key risks and control weaknesses, escalating issues and collaborate with CFO / Financial Controller / Head Finance / Business Head / Account Owner to agree on actionable mitigation plans/recommendations for resolution
Conduct Agile/Thematic Assurance Reviews to assess specific financial risk areas and evaluate process, control design and operational effectiveness
Clearly assess risks and their potential impact, ensuring they are effectively communicated with account owners and promptly addressed
Collaborate with key stakeholders to develop mitigation plans and action steps to resolve identified issues
Provide risk review outcome/ MIS to Risk forums (FORTM, FRC etc)
Ensure timely escalation of issues and follow up on agreed remedial actions to minimize financial and operational risks
Interact with Senior stakeholders in Finance on significant observations
Promote a culture of continuous improvement and Identify opportunities for process enhancements, implementing best practices within the unit
Work with the Process Improvement & Automation Team to develop and implement automation solutions for repetitive tasks and control monitoring
Support internal audit processes, ensuring compliance with financial control policies and regulatory requirements
Assist in preparing audit deliverables, responding to audit queries, and implementing corrective actions based on audit findings
Ensure that Financial Control Policies of the Bank are well understood and adhered while performing the reviews
Monitor the quality of service, ensuring they meet agreed Service Level Agreements (SLAs) with internal stakeholders
Collaborate with stakeholders across Finance, Risk, and Compliance to strengthen financial governance and risk management
Manage and support the team/peers, ensuring they have the necessary guidance to execute financial control policies effectively
Perform and deliver the activities under the Global Assurance Function for the region/countries assigned in GFS Global Assurance Unit
Display exemplary conduct and live by the Group’s Values and Code of Conduct
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank
Lead the QA team to achieve the outcomes set out in the Bank’s Conduct Principles
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters
Requirements:
Qualified Chartered Account with a minimum of 2 - 4 years of post-qualification experience in Finance, Audit, or similar area
University degree – Masters / MBA preferable in Finance or Accounting
People having work experience in banking/multinational companies / Big 4s are preferred
Strong knowledge of accounting terminology and concepts and ability to apply the rules of accounting and double entry book-keeping in evaluating the Trial Balance
Demonstrates reasonable understanding of Financial Controls / Policy to be able to highlight issues involving Financial / Operational Risk
In-depth understanding of risk management and associated control requirements
Ability to articulate risk commentaries and effective communication
Confident and courageous to raise and escalate ideas or concerns in a professional and timely manner
Highlights probable process improvement areas and any activities which may have a scope for enhanced review procedures
Builds strong relationship with internal customers, understands the best practices across geographies
Does not accept status quo and finds better ways of doing things
Demonstrates proficiency in MS Excel and PowerPoint
Nice to have:
Ability to self-review, identify issues and investigate/escalate appropriately
Effective collaborative skills that contribute to positive working relationships with Finance/Business in country
High level of computer literacy and understanding of business computing environment
Any ACL / CAAT tool will be an added advantage
What we offer:
A competitive salary, and benefits to support your mental, physical, financial, and social wellbeing
Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
Flexible working options based around home and office locations, with flexible working patterns
Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential
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