Senior Internal Audit Manager – Treasury, FX, Payments & Financial Controls

Senior Audit Manager – Treasury, FX, Payments & Financial Controls

Ebury Madrid Office - Hybrid: 4 days in the office, 1 day working from home per week

Role Overview

The Senior Audit Manager – Treasury, FX, Payments & Financial Controls is responsible for leading independent end-to-end reviews of the Group's Treasury function, evaluating liquidity and funding risks, market risk (FX and interest rate), counterparty credit risk, operational trading and payment workflows, client fund safeguarding, internal control systems for financial and regulatory reporting, and regulatory capital compliance.

Qualification Area

Ideal Candidate Specification

FX & Financial Products Expertise

Deep domain expertise in spot and derivative FX products, including Spot, Forwards, NDFs, Swaps, and Money Market instruments.

Trade Lifecycle Controls

Comprehensive understanding of trade capture, matching, confirmation, settlement workflows, and lifecycle control mechanisms.

Customer Payments & Collection Operations

Advanced domain knowledge of client pay & collect operations, cross-border payment rails (SWIFT, SEPA, ACH), payment engines, and collection clearing workflows.

Internal Control Systems (ICFR) & Regulatory Reporting

Expertise in auditing Internal Control Systems over Financial Reporting (ICFR / SCIIF) and ensuring accuracy, completeness, and governance of statutory and regulatory reporting returns.

Prudential Governance & Capital Requirements

Deep understanding of regulatory capital adequacy frameworks (ICAAP, CRR/CRD, leverage ratios, CET1 calculations) and capital management oversight.

Treasury & Payment Management Systems

Hands-on familiarity and audit capability across enterprise Treasury Management Systems (TMS) and Core Payment Platforms such as Quantum, NetSuite, SmartTrade, and 360T.

Regulatory Compliance Standards

Strong knowledge of global regulatory frameworks, client fund segregation, PSD2/PSD3 compliance, and safeguarding compliance across international environments.

Job Purpose

The Senior Audit Manager – Treasury, FX, Payments & Financial Controls plays a pivotal role in providing assurance on the integrity and compliance of the organization’s control framework. Reporting to the Group Head of Internal Audit, he primary mission is to evaluate the adequacy, efficiency, and compliance of the internal control framework across financial and treasury activities, payment operations on behalf of customers, financial and regulatory reporting systems, and capital adequacy governance.

The role involves managing end-to-end audit lifecycles, evaluating risks, conducting root-cause analysis on control gaps, and ensuring robust follow-up of managerial remediation commitments.

Key Responsibilities

• Lead risk-based audit engagements evaluating trade processing and operational controls across client vs. Liquidity Provider (LP) back-to-back executions, liquidity swaps, and ALM hedges.
• Assess operational risk controls surrounding trade amendments, including rolls, sell-backs, anticipations, and trade cancellation workflows.
• Audit end-to-end payment operations executed on behalf of customers, including pay & collect mechanisms, incoming collection matching, outbound payout execution, SEPA/SWIFT routing, and clearing reconciliations.
• Evaluate transaction execution controls, cut-off management, exception processing, automated repair routines, and operational risk controls within payment processing engines.
• Audit the end-to-end reconciliation ecosystem across Treasury Management Systems (TMS), back-office systems, payment engines, and core accounting ledgers—specifically ensuring data integrity between systems such as Quantum, NetSuite, SmartTrade, 360T, and proprietary engines.
• Review daily, weekly, and monthly Key Risk Indicators (KRIs) and early-warning indicators to evaluate operational risk detection across trading and payment functions.

• Audit the design and operational effectiveness of the Internal Control System over Financial Information (ICFR / SCIIF) across key financial processes and ledger postings.
• Review regulatory reporting control frameworks to ensure the accuracy, completeness, and timeliness of statutory returns, central bank reporting, and prudential disclosures.
• Evaluate end-to-end data lineage, automated mapping controls, and manual journal entry governance feeding financial statements and regulatory returns.

• Audit Asset and Liability Management (ALM) frameworks, including liquidity models, interest-rate risk controls, and balance sheet/P&L accounting for FX derivatives.
• Audit capital requirements frameworks, evaluating regulatory capital adequacy calculations (CET1, Tier 1, Leverage Ratio, Risk-Weighted Assets), capital buffer compliance, and ICAAP stress-testing methodologies.
• Review safeguarding frameworks and calculations to ensure complete compliance with regulatory requirements regarding the segregation and protection of client money (pay & collect funds).
• Test valuation controls, market-to-market (MtM) pricing models, and monthly closing balance reconciliations substantiating safeguarding calculations.

• Assess control alignment with Second Line of Defence (2LoD) Risk and Control Self-Assessments (RCSAs), Business Impact Analyses (BIA), and business continuity plans.
• Evaluate Treasury, Payment, and Finance participation and reporting in governance bodies, including the Asset and Liability Committee (ALCO), Risk Management Oversight (RMO), Audit Committee, and Treasury Risk Committee.
• Audit system access governance, configuration management, segregation of duties (SoD), and automation frameworks within critical technology infrastructure (e.g., Quantum, 360T, SmartTrade, Core Banking & Payment Systems).
• Coordinate walkthroughs, track internal/external audit remediation actions to completion, and present clear audit findings to senior executive stakeholders.

• Draft clear, concise, and impact-oriented internal audit reports containing prioritized findings and actionable recommendations.
• Support the Head of Internal Audit in preparing quarterly Audit Committee presentations, regulatory reporting packs, and board-level dashboards.

Technical Competencies & Experience Requirements

• 5+ years of professional experience in Internal/External Audit, Operational Risk, or Treasury Risk within financial services, fintech, payment institutions, or global banking environments.
• Hands-on audit exposure to FX trading desks, treasury middle/back-office operations, customer payment operations (pay & collect), or liquidity management functions.
• Direct audit experience evaluating Internal Control Systems over Financial Reporting (ICFR) and prudential capital requirement frameworks (ICAAP, CRR/CRD).
• Demonstrated experience evaluating complex automated reconciliations, multi-system data flows, and payment engine architectures.

• Bachelor’s or Master’s degree in Finance, Accounting, Economics, or a related quantitative field.
• Professional Certification Required (at least one of the following):
• Certified Internal Auditor (CIA)
• Association of Chartered Certified Accountants (ACCA) / CPA / ACA
• Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM)
• Treasury / Risk / Audit Certifications (e.g., ACT, PRMIA, CISA)

• Strong critical thinking and ability to challenge first- and second-line management constructively.
• Exceptional verbal and written communication skills, with proven ability to present clear audit findings to executive committees (e.g., ALCO, Audit Committee).
• Change leadership mindset, capable of auditing automated workflows, data analytics, and emerging AI adoption in treasury and payment ops.
• Fluency in English (written and spoken) is required; additional European languages are an advantage

Why Ebury?

• Competitive Starting Salary with an annual discretionary bonus that truly rewards your performance from day one.
• Dedicated Mentorship: Learn directly from experienced managers who are invested in your success.
• Cutting-Edge Technology: Leverage state-of-the-art tailor made tools and systems that enable you to perform at your best.
• Clear, Accelerated Career Progression: Defined pathways to leadership and specialist roles within Ebury.
• Dynamic & Supportive Culture: Work in a collaborative environment where teamwork and personal growth are prioritized.
• Generous Benefits Package: Access competitive benefits tailored to your location, which typically include health care and social benefits.
• Central Office: A fantastic location with excellent transport links.

Ready to launch your career with a global FinTech? Click the ‘Apply’ Today and discover your potential at Ebury!