Internal Audit Assistant Manager

Internal Audit Assistant Manager | London

We are Monex, a specialist in commercial foreign exchange. We offer a range of FX services aimed at corporate and institutional clients to manage foreign exchange exposure and international payments. Our team of experts provides personalized and proactive service, helping clients execute thoughtful FX strategies tailored to their specific business needs.

As part of the Monex SAB de CV financial group, we support over 70,200 clients worldwide, offering local expertise in various regions including the UK, Luxembourg, Canada, and Singapore. Our goal is to empower clients to make better-informed business decisions in a fast-moving and volatile market.

Department Overview

The purpose of the Internal Audit function is to provide independent, objective assurance with respect to the design and effectiveness of internal controls mitigating the risks faced by Monex Europe.

The Internal Audi function provides assurance opinions to Senior Management and to the Board of Directors as to whether policies and procedures in place, that these policies and procedures are adequate and effective, are well understood and followed by all employees and that Monex has an adequate control framework in place to manage associated risks.

In carrying out this work, Internal Audit will provide specific recommendations for improving the governance, management, risk and control framework.

The Internal Audit function is an independent department that has no direct operational responsibility or authority over any of the activities audited. It has delegated authority from the Group Audit Committee to carry-out internal audit activities across the Company as required.

Internal audit activities support the risk management framework of the Company and evaluates the effectiveness of many different aspects of its operations. In addition to ensuring that the Company complies with laws and regulations, internal audits also provide a degree of safeguard against potential fraud, allocation of resources, or misuse of company assets.

Job Overview

The Internal Audit Assistant Manager at Monex Europe is responsible for supporting the delivery of internal audits across the organization, ensuring that testing is thorough, accurate, and well-documented. This role involves executing detailed testing strategies, leading sections of audits under the guidance of senior team members, and contributing to the preparation of audit reports. The role will focus on evaluating the adequacy and effectiveness of controls, as well as summarizing and presenting test results to the wider audit team.

The Internal Audit Assistant Manager will have the opportunity to build a deep understanding of Monex’s processes, contribute to the ongoing improvement of audit methodologies, and support the Internal Audit function in providing high-quality assurance to stakeholders. There may be a requirement to assist with other functional activities as needed.

Key Skills & Experience Required

Audit Delivery: Support the delivery of internal audits across Monex Europe, ensuring they are executed to a high standard and completed within agreed timelines. This will include:

• Support the delivery of internal audits by executing testing strategies to evaluate the adequacy and effectiveness of internal controls.
• Conduct detailed testing and document results in line with audit methodologies, maintaining a robust audit trail for all aspects of audit work, including key decisions, test results, and conclusions.
• Lead sections of audits as appropriate, under the supervision and guidance of senior auditors, ensuring a thorough and well-supported assessment of assigned areas.
• Assist in the preparation of clear and concise audit reports, summarizing testing outcomes and contributing to the identification of issues and recommendations for improvement.
• Participate in the follow-up on audit recommendations, monitoring the implementation of corrective actions and reporting progress to stakeholders.

Stakeholder Management: Support with the management of key stakeholders across Monex Europe. This will include:

• Build and maintain strong relationships with colleagues and business stakeholders to facilitate effective communication and a collaborative audit process.
• Communicate effectively with the audit team to ensure that testing results are understood, validated, and incorporated into audit conclusions.

Functional Support: Assist the Head of Internal Audit with functional activities as required. This may include:

• Supporting the development of the annual internal audit plan, aligning it with organizational goals and risk profile.
• Contributing to the continuous improvement of internal audit methodologies, practices, and processes.

Business Knowledge / Technical Skills:

• Some experience in internal audit, with a proven track record of delivering high-quality audit engagements.
• Experience in auditing financial services, particularly in foreign exchange (FX) markets, trading, or operations.
• Strong knowledge of relevant regulatory frameworks and standards applicable to the financial services industry and FX firms.
• Professional qualification in internal audit (e.g., CIA, CMIIA) or accounting (e.g., ACCA, ACA, CPA).
• Strong proficiency in audit management software, data analytics tools, and Microsoft Office Suite.
• Understanding of risk management frameworks, internal controls, and governance practices.
• Ability to analyze complex information, identify key issues, and develop effective solutions.
• Excellent attention to detail and ability to synthesize data into clear and actionable insights.
• Exceptional verbal and written communication skills, with the ability to present findings and recommendations clearly and concisely to all levels of management.
• Strong interpersonal skills, with the ability to build relationships, influence stakeholders, and manage conflicts constructively.
• Strong project management skills and the ability to meet deadlines and deliver high-quality work.
• Effective organizational and time management skills to prioritize tasks and balance competing demands.