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Senior Audit Manager
at Moneycorp London in London (Published at 15-01-2025)
Who We Are Moneycorp is a thriving dynamic business with an excellent reputation helping Corporate and Private Clients with their FX and International Payments requirements for over 40 years. As a globally expanding business, our footprint covers UK & Ireland, Europe, USA, Canada, Hong Kong, UAE, and Brazil! With our extremely rare single IBAN multi-currency account, we are able to assist with a variety of different payment needs, including business payment solutions, personal payments abroad (for example buying a property), travel money, as well as the ability to offer interest on deposits. Supplementing this, we also support the global supply chain of wholesale banknotes through our Financial Institutions Group (FIG) and partnership with the US Federal Reserve Bank, to build deeper payment relationships with international banking customers. It is through obtaining our own banking and payment licenses, the acquisition of two banking platforms and access to 16+ liquidity providers that we are able to proposition a trailblazing FinTech payment infrastructure that simplifies our customer’s diverse business needs and reduce their costs. There is no doubt that we are a major player and differentiated ourselves in a continuously evolving and competitive industry. With 600+ employees, Moneycorp prides itself in attracting some of the world’s top talent and the people who work at Moneycorp are truly behind its continued success. As Moneycorp continues to expand into new territories, there are considerable opportunities for growth for newcomers and the learning possibilities are endless. We welcome you to be part of a team which has a passion for the business, all within a collaborative and supportive working environment that has ultimately translated to a unique exciting business. To find out more about our journey click here. Who You Are / Your Next Challenge We are seeking a Senior Audit Manager to join our internal audit team on a full-time, permanent basis in our London office, reporting directly to the Group Internal Auditor. This role is essential for developing and managing the Group Internal Audit framework. Initially, the Senior Audit Manager will help establish the Internal Audit function based on an independent risk assessment. Responsibilities include mapping local entity obligations, determining the audit approach, and hiring the necessary team to support the audit plan. As part of a centralised Internal Audit support team, the Senior Audit Manager will assist the Group Internal Auditor by reviewing financial, operational, and compliance processes. This role covers all aspects of audit design, planning, reporting, and delivery across the Group, while also collaborating with other departments to ensure regulatory compliance and develop policies to mitigate risks. What we’re looking for:
- The Senior Internal Audit Manager, UK will lead a portfolio of audits which will independently assess design adequacy and operating’ effectiveness, of key controls.
- Provide input into the internal audit scope for the Group and develop the annual plan.
- Obtain, analyze and evaluate key controls across the group, including documentation, reports, data, flowcharts, etc.
- Prepare and present reports that reflect Internal Audit results and document processes.
- Act as an objective source of independent advice to ensure validity, legality and goal achievement.
- Maintain open communication with management and Audit Committee.
- Document processes and prepare audit findings.
- Support the development and design of the annual and three-year Internal Audit plan.
- Lead and participate in delivering complex and challenging audit assignments across all entities.
- Lead and participate in the end-to-end planning, fieldwork, and reporting of audit assignments. This will require consideration for complex, judgmental business processes and decisions.
- Identify meaningful issues impacting business and operations under review, challenging management to develop appropriate remedial action to address the issues identified.
- Preparation of audit reports for review by management.
- Be a critical friend and build and proactively manage relationships with key stakeholders and participate in continuous monitoring activities.
- Developing talent by coaching, develop support junior auditors with the team.
- Work with 1st and 2nd line to help enhance the risk and control culture within the organisation.
- Meet internal deadlines to ensure timely assurance is provided.
- An ability to know, understand and interpret varying Regulation principles across different jurisdictions (e.g UK, Brazil).
- Understanding and experience of auditing at least one of core business areas or support functions, Payments, Corporate, High Net Worth clients, Finance.
- Auditing in the financial services sector highly preferred.
- Deep experience of Accounting / Audit firm experience.
- Banking, Financial services, Fintech, or highly regulated industry experience is strongly preferred.
- Excellent analytical skills with strong attention to detail.
- Highly capable, working with complex and geographically diverse stakeholders to drive execution.
- Strength in operating from strategy to “in the weeds” detail and analytics.
- Present strong expertise, decisiveness, and humility in areas of uncertainty.
- Ability to communicate up to Audit Committee, as well as across to peers and educate teams on the importance of Internal Audit and the value of a 3rd line of defence.
- Curious and willing to learn / adapt.
- Respectful, professional and conscientious.
- Enjoys working in a fast-paced environment.
- Highly capable operating and executing independently, at times, and with larger multi-functional teams.
- Heavily driven to improve (self, team, process, company).
- Enjoys complexity and helping 1st and 2nd line teams to learn, improve and evolve.