Internal Audit Manager

Internal Audit 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 Manager at Monex Europe is responsible for leading the delivery of internal audits across the organization, ensuring they are executed to a high standard and completed within agreed timelines. This role encompasses the entire audit lifecycle, from planning and fieldwork to reporting and the follow-up of issues.

The Internal Audit Manager will also support with the management of key stakeholders, assist with functional activities as required, and coach and develop junior audit staff.

Key Skills & Experience Required

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

• Leading the planning, scoping, and risk assessment for individual internal audits.
• Developing and executing detailed testing strategies to evaluate the adequacy and effectiveness of internal controls, risk management, and governance processes.
• Preparing clear, concise, and insightful draft audit reports that effectively communicate conclusions, findings and recommendations for improvement.
• Leading the follow-up on audit recommendations, monitoring the implementation of corrective actions and reporting on progress to stakeholders.
• Maintaining a robust audit trail for all aspects of audit work including key decisions, audit test results, and conclusions.

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

• Developing and maintain strong relationships with key stakeholders across the organization to facilitate open communication, collaboration, and the timely resolution of audit issues.
• Acting as a trusted advisor to Management by providing insights and recommendations to strengthen internal controls and enhance risk management activities.

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

• Supporting with 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.
• Providing informal coaching, guidance, and mentorship to junior audit staff, fostering their professional growth and development.

Business Knowledge / Technical Skills:

• Extensive experience in internal audit, with a proven track record of leading and delivering 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.
• Strong understanding of risk management frameworks, internal controls, and governance practices.
• Strong 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 manage audits to meet deadlines, and deliver high-quality work.
• Effective organizational and time management skills to prioritize tasks and balance competing demands.

Leadership / Management Skills:

• Proven ability to lead and manage audit engagements, including supervising and developing junior staff.
• Ability to motivate, coach, and mentor team members to achieve high performance and continuous professional development.
• Leads by example, embodying the culture and values of the Company.
• Credibility in dealing with stakeholders across the organization.