Contract - Internal Audit Manager (Banking & Capital Markets)

Deloitte (UK); Greater London; On-site; GBP 85,000 - 110,000; Full time

Job summary

Deloitte in London is seeking an Internal Audit Manager focused on Banking & Capital Markets to lead end-to-end audit engagements, assess governance and controls, and report findings to senior management. The role requires strong leadership and expertise in regulated financial services and data analytics.

You will oversee scoping, planning, testing, issue validation, and remediation follow-ups, ensuring alignment with IA standards and regulatory expectations.

Qualifications

• Professional qualifications such as ACA/ACCA/CIA/CISA preferred.
• 7+ years of experience in internal audit, external audit, or risk management within banking or capital markets.
• Demonstrated experience leading complex audits within a regulated financial services environment.

Responsibilities

• Lead end-to-end audit engagements from scoping to reporting, according to IA standards.
• Conduct risk assessments and develop audit plans aligned with annual plan and regulatory expectations.
• Design and refine Risk and Control Matrices (RCMs) to document processes and controls.
• Develop and execute test strategies to assess operating effectiveness of controls using analytics.
• Lead discussions with auditees and management to agree on practical remediation actions.
• Prepare clear audit reports and presentations for Audit Committee and leadership.
• Oversee validation of remediation actions and monitor open audit issues.

Skills

Analytical thinking

Problem solving

Communication

Interpersonal skills

Leadership

Data analytics

Independence

Education

ACA/ACCA/CIA/CISA

Job description

Job Title: Internal Audit Manager – Banking & Capital Markets

Location: London

Duration: 12 months

IR35: Inside

About the Role:

We are seeking a highly motivated and experienced Internal Audit Manager to join our robust Internal Audit function, with a dedicated focus on our Banking and Capital Markets operations. This pivotal role is responsible for leading and executing comprehensive internal audits, providing independent assurance over the effectiveness of governance, risk management, and control processes within a complex and highly regulated financial services environment. The successful candidate will play a critical role in safeguarding the organisation's assets, ensuring regulatory compliance, and contributing to the continuous enhancement of our control framework.

Key Responsibilities:

• End-to-End Audit Delivery:
• Lead and manage the full lifecycle of internal audit engagements, from initial scoping through to issue validation and reporting, ensuring adherence to the IA methodology and professional standards (e.g., IIA Standards).
• Audit Scoping & Planning:
• Conduct risk assessments to identify key areas of focus within banking and capital markets key processes.
• Develop comprehensive audit plans, defining clear objectives, scope, methodology, and resource requirements, aligning with the annual audit plan and regulatory expectations.
• Risk and Control Matrix (RCM) Development:
• Design, review, and refine robust Risk and Control Matrices (RCMs) to accurately document business processes, identify inherent risks, and assess the design effectiveness of key controls.
• Formulate and implement effective test strategies to evaluate the operating effectiveness of controls, utilising a combination of substantive testing, analytical procedures, and data analytics.
• Oversee and perform detailed audit testing, ensuring sufficient and appropriate audit evidence is gathered to support conclusions.
• Issue Discussions & Stakeholder Management:
• Lead constructive discussions with auditees and senior management regarding audit findings, control deficiencies, and their potential impact.
• Negotiate and agree on practical, value-adding recommendations and management action plans to address identified risks.
• Reporting & Communication:
• Prepare clear, concise, and impactful audit reports, executive summaries, and presentations for various stakeholders, including the Audit Committee and senior leadership.
• Ensure audit reports accurately reflect findings, risks, and agreed management actions.
• Issue Validation & Follow-up:
• Lead the validation of management's remediation efforts for previously identified audit issues, ensuring that corrective actions have been effectively implemented and sustained.
• Monitor the status of open audit issues and provide regular updates to relevant committees.
• Sounds understanding of banking and capital markets regulatory expectations (good to have)
• Contribute to the ongoing enhancement of internal audit methodologies, tools, and processes.

Qualifications & Experience:

• Relevant professional qualifications such as ACA, ACCA, CIA (Certified Internal Auditor), CISA (Certified Information Systems Auditor), or equivalent are preferred.

Experience:

• 7+ years of progressive experience in internal audit, external audit, or risk management within the banking or capital markets sector.
• Demonstrable experience leading complex audit engagements within a regulated financial services environment.
• Strong understanding of financial products, processes, and risks associated with capital markets activities (e.g., trading, derivatives, fixed income, equities).

Skills:

• Exceptional analytical and problem-solving abilities, with a keen eye for detail.
• Excellent written and verbal communication skills, with the ability to articulate complex issues clearly and concisely to diverse audiences.
• Strong interpersonal skills, with the ability to build effective relationships with stakeholders at all levels.
• Proven leadership and team management capabilities.
• Proficiency in data analytics tools and techniques is an advantage.
• Ability to work independently and manage multiple priorities in a fast-paced environment.

IR35

As a means of managing tax, commercial and reputational risks, Deloitte prohibits the use of Associates through Personal Service Companies (‘PSCs’). All Associates must contract under PAYE arrangements through a Deloitte approved ‘Employment Company’ (aka ‘umbrella company.’)