Internal Auditor II

International Association of Insurance Professionals (IAIP); Greater London; Hybrid; GBP 38,000 - 48,000; Full time

Job summary

Intercontinental Exchange (ICE) Internal Audit Group is seeking an early-career Internal Auditor to support risk-based audits and assurance across the business. You will execute procedures, learn processes and controls, and contribute evidence-based observations to the audit team.

The role emphasizes understanding market infrastructure, applying standards, and professional development within Internal Audit’s framework. Fluency in English is required.

Qualifications

• Bachelor's degree in a relevant field and 1+ years in Internal Audit, risk, compliance, or related assurance.
• Foundational understanding of risk management and internal controls.
• Strong written and verbal communication skills.
• Proficiency with Word, Excel and PowerPoint.

Responsibilities

• Execute audit procedures in line with approved plans and IIA standards.
• Develop understanding of risks, controls, and business processes in assigned areas.
• Draft clear observations and supporting evidence for audit reports.
• Interact professionally with stakeholders during audits and closing discussions.

Skills

Analytical skills

Attention to detail

Written & verbal communication

MS Office proficiency

English fluency

Education

Bachelor's degree

Master's degree

Tools

MS Word

MS Excel

PowerPoint

Job description

Job Purpose

The Intercontinental Exchange (ICE) Internal Audit Group provides independent, reliable, and timely assurance over the effectiveness of the control environment across exchanges, clearing houses, a trade repository, and a benchmark administrator operating across multiple jurisdictions.

The Internal Auditor role is an early-career position within this assurance model. The role supports the delivery of high-quality, risk-based audits by executing defined audit procedures, developing a strong understanding of business processes and enabling technology, and contributing clearly documented, evidence-based observations to audit teams.

This role is designed for individuals developing their professional judgment, technical audit capability, and understanding of market infrastructure, operating within Internal Audit's charter, methodology, and standards.

Responsibilities

• Audit Execution & Assurance Support
  • Execute assigned audit procedures in line with approved audit plans, Internal Audit methodology, and IIA Standards.
  • Develop a sound understanding of audit objectives, key risks, and controls for assigned areas.
  • Perform walkthroughs, control testing, and basic data analysis with accuracy, discipline, and attention to detail.
  • Maintain complete, clear, and defensible workpapers that support audit conclusions.
• Risk Awareness & Learning
  • Build foundational knowledge of exchange, clearing, and post-trade processes, including how risks arise and are mitigated.
  • Develop awareness of regulatory expectations, governance structures, and control frameworks relevant to assigned audits.
  • Apply professional skepticism and elevate potential issues or uncertainties appropriately.
• Reporting Contributions
  • Draft clear, factual descriptions of observations, control gaps, and supporting evidence for inclusion in audit reports.
  • Support audit teams during closing discussions by explaining testing performed and evidence obtained.
  • Incorporate feedback to improve clarity, precision, and audit writing skills.
• Stakeholder Interaction
  • Maintain professional and constructive working relationships with business and support functions during audits.
  • Communicate clearly, respectfully, and confidently within the scope of assigned responsibilities.
  • Demonstrate independence while operating collaboratively with stakeholders and audit.

Knowledge and Experience

• Bachelor's degree in a relevant field (e.g., Business, Finance, Economics, Accounting, Engineering, Sciences).
• 1+ years' experience in Internal Audit, risk, compliance, or a related assurance or consulting role.
• Foundational understanding of risk management and internal controls.
• Strong analytical skills, attention to detail, and ability to follow structured methodologies.
• Clear written and verbal communication skills.
• Proficiency in Word, Excel, and PowerPoint.
• Fluency in English.

Preferred Knowledge and Experience

• Master's degree in relevant field.
• Exposure to financial services, market infrastructure, or regulated environments.
• Awareness of topics such as market operations, clearing, liquidity, capital, model risk, or data controls.
• Progress toward a professional qualification (e.g., ACA, ACCA, CIMA, CIA, CPA, CFA, FRM).

Working Style & Values

• Curious and diligent: Seeks to understand how things work and why controls matter.
• Methodology-driven: Applies standards consistently while learning when judgment is required.
• Clear and factual: Communicates observations precisely, without exaggeration or ambiguity.
• Open to challenge: Welcomes feedback and uses it to accelerate professional growth.