Internal Audit Manager
Washington, DC
Full Time
Experienced
Job Title: Internal Audit Manager
Location: Washington, D.C.; hybrid after 90 days
Status: Full-time; Exempt
Reports to: Head of Internal Audit (Located in ‘MEM’)
Direct Reports: N/A
Typical Work Hours: 8:30 a.m. to 5:00 p.m. Monday to Friday; hybrid after 90 days
Monex USA (‘MUSA’), a leader in foreign exchange (FX) and international business payments, was established in 1999 to provide corporate clients with the best foreign exchange and international payment solutions in the industry with tools to help them manage their currency exposure, improve cash flow, and leverage global market opportunities. In 2010 we joined Monex Group, one of the world’s largest commercial foreign exchange providers, to further expand our place in the global market.
Monex Europe Limited (‘MEL’) is a commercial foreign exchange (spot and MiFID 2 exempt forward contracts) provider and authorized by the Financial Conduct Authority as a payment services firm.
Monex Europe Markets Limited (MEM’) is authorized by the Financial Conduct Authority to provide foreign exchange financial instruments (FX derivatives) to professional clients. From 9 December 2019, the senior managers and certification regime (SM&CR) applied to MEM on a mandatory basis.
The Internal Audit Manager will lead and undertake internal audit activities with supervision from the Head of Internal Audit. The Internal Audit Manager is responsible for leading the execution of internal audits across Monex Europe and affiliated entities, including Monex USA. The role covers the entire audit lifecycle ensuring all audit work is of high quality, delivered on time, and aligned with professional standards. This position involves building strong relationships with business leaders, providing recommendations to improve governance, risk management, and controls, and supporting the Head of Internal Audit in developing the audit function. The role is independent of operational functions and contributes directly to the strength of Monex’s risk management framework.
Responsibilities
Audit Delivery
Location: Washington, D.C.; hybrid after 90 days
Status: Full-time; Exempt
Reports to: Head of Internal Audit (Located in ‘MEM’)
Direct Reports: N/A
Typical Work Hours: 8:30 a.m. to 5:00 p.m. Monday to Friday; hybrid after 90 days
Monex USA (‘MUSA’), a leader in foreign exchange (FX) and international business payments, was established in 1999 to provide corporate clients with the best foreign exchange and international payment solutions in the industry with tools to help them manage their currency exposure, improve cash flow, and leverage global market opportunities. In 2010 we joined Monex Group, one of the world’s largest commercial foreign exchange providers, to further expand our place in the global market.
Monex Europe Limited (‘MEL’) is a commercial foreign exchange (spot and MiFID 2 exempt forward contracts) provider and authorized by the Financial Conduct Authority as a payment services firm.
Monex Europe Markets Limited (MEM’) is authorized by the Financial Conduct Authority to provide foreign exchange financial instruments (FX derivatives) to professional clients. From 9 December 2019, the senior managers and certification regime (SM&CR) applied to MEM on a mandatory basis.
The Internal Audit Manager will lead and undertake internal audit activities with supervision from the Head of Internal Audit. The Internal Audit Manager is responsible for leading the execution of internal audits across Monex Europe and affiliated entities, including Monex USA. The role covers the entire audit lifecycle ensuring all audit work is of high quality, delivered on time, and aligned with professional standards. This position involves building strong relationships with business leaders, providing recommendations to improve governance, risk management, and controls, and supporting the Head of Internal Audit in developing the audit function. The role is independent of operational functions and contributes directly to the strength of Monex’s risk management framework.
Responsibilities
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.
- 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.
- 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.
- Providing informal coaching, guidance, and mentorship to junior audit staff, fostering their professional growth and development.
- Staying abreast of emerging risks, industry developments, and best practices in internal auditing and financial services, particularly in foreign exchange (FX).
- 5-7+ years of experience in internal auditing, with a proven track record of leading and delivering audit engagements.
- Experience in auditing financial services (e.g., CIA, CMIIA) or accounting (e.g., ACCA, ACA, CPA), 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.
- 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.
- Bachelor's degree in Accounting, Finance, Business, or a related field; or equivalent relevant professional experience in internal audit or financial services.
- Fluency in Spanish, Dutch, French etc.
- The annual salary range is $115,000 to $130,000 based on experience with a 10% annual bonus.
- This role requires about 20% travel including trips to London and Toronto each year.
- Medical insurance
- Dental insurance
- Vision insurance
- Long Term Disability
- Short Term Disability
- AD&D insurance
- Commuter Benefits
- 401K & Roth
- 16 days of PTO
- Pet Insurance
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