Hybrid Internal Audit Manager

at IFX Payments

• Job title: Internal Audit Manager
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, London, United Kingdom

About the role

• Internal Audit Manager at IFX Payments responsible for compliance audits and providing recommendations. Leading internal audit function and collaborating with senior management and the audit committee.

Responsibilities

• Collaborate with senior management and the audit committee to develop a comprehensive internal audit plan that addresses key risks and priorities.
• Ensure the plan is aligned with organisational objectives and regulatory requirements.
• Perform risk-based internal audits to assess the effectiveness of internal controls, identify control weaknesses, and evaluate compliance with policies and regulations.
• Plan, execute, and document audit procedures, including testing, analysis, and evaluation of data and information.
• Analyse audit findings, assess the significance of identified issues, and determine the root causes.
• Prepare clear and concise audit reports that effectively communicate findings, recommendations, and remediation plans to senior management and the audit committee.
• Collaborate with management to develop practical and actionable recommendations to address control deficiencies, mitigate risks, and improve operational efficiency.
• Advise on best practices and emerging trends in internal audit and risk management.
• Track and monitor the progress of remediation plans and actions resulting from internal audits.
• Engage with stakeholders to ensure timely implementation of agreed-upon corrective measures.
• Provide periodic updates to management and the audit committee.
• Keep abreast of changes in regulations, laws, and industry standards relevant to the organisation.
• Assess the impact of these changes on internal controls and risk management practices and make recommendations for adjustments or enhancements as needed.
• Continuously improve internal audit processes, methodologies, and tools to drive efficiency, effectiveness, and quality.
• Identify opportunities for automation and leverage technology solutions to streamline audit activities.
• Establish and maintain effective working relationships with key stakeholders, including senior management, the audit committee, external auditors, and regulatory bodies.
• Collaborate and coordinate with other assurance functions to ensure a cohesive approach to risk management.
• Lead or participate in special projects, investigations, or ad hoc assignments as required.
• Appropriately assess risks when evaluating business decisions, with particular consideration for the firm's reputation and the protection of assets.
• Ensure compliance with applicable laws, rules, and regulations, demonstrating sound ethical judgment and behaviour.
• Escalate, manage, and report control issues transparently and in accordance with established procedures.

Requirements

• Proven track record in internal audit role within the financial industry, preferably within the fintech industry, consultancy or Big Four.
• Working understanding of financial services regulatory environment (preferred if this is in the payments/e-money area) – required.
• Excellent written communication and verbal presentation skills.
• A collaborative approach to working with others and committed to an inclusive environment.
• Understanding of applicable laws and regulations.
• Excellent interpersonal skills.
• Strong analytical and problem-solving skills.
• Ability to work independently and collaboratively in a team environment.
• Highly organised and detail oriented.
• Ability to manage multiple priorities and deadlines.
• Self-starter with high level of integrity and positive attitude.
• Experience leading and developing a team.
• A true team player with a winning mentality and strong work ethic committed to continuous improvement and high performance.
• Adaptable, tenacious and flexible who is able to perform under pressure.

Benefits

• 25 days of annual leave + bank holidays and your birthday off.
• Pension auto-enrolment with salary sacrifice contributions.
• Healthcare cash plan including support for dental, physio and therapies.
• Discounts on fitness, cinema discounts, shopping, travel, entertainment and more!
• Life Insurance.
• Work abroad.
• Cycle to work.
• Nursery fees salary exchange.
• Employee Assistant Programme
• Career progression with excellent training and development.
• Company events – Pub nights, sporting events, seasonal parties, socials