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

<div class="content-intro"><p>Ebury helps ambitious businesses unlock global growth, and we take the same approach with our people. We encourage innovation and movement, collaboration and problem-solving, and foster an environment where everyone can feel they belong, are valued, supported and empowered to succeed.</p> <p>If you’re a collaborator who wants to help transform how businesses operate globally, get in touch - we’d love to discuss how Ebury can accelerate your career so you can shape the future.</p></div><p><span style="text-decoration: underline; font-size: 10pt;"><strong>Senior Audit Manager – Treasury, FX, Payments &amp; Financial Controls</strong></span></p> <p><span style="font-size: 10pt;"><strong>Ebury Madrid Office - Hybrid: 4 days in the office, 1 day working from home per week</strong></span></p> <p><span style="font-size: 10pt;"><strong>Role Overview</strong></span></p> <p><span style="font-size: 10pt;">The Senior <strong>Audit Manager – Treasury, FX, Payments &amp; Financial Controls</strong> 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.</span></p> <table> <thead> <tr> <th> <p><span style="font-size: 10pt;"><strong>Qualification Area</strong></span></p> </th> <th> <p><span style="font-size: 10pt;"><strong>Ideal Candidate Specification</strong></span></p> </th> </tr> </thead> <tbody> <tr> <td> <p><span style="font-size: 10pt;"><strong>FX &amp; Financial Products Expertise</strong></span></p> </td> <td> <p><span style="font-size: 10pt;">Deep domain expertise in spot and derivative FX products, including Spot, Forwards, NDFs, Swaps, and Money Market instruments.</span></p> </td> </tr> <tr> <td> <p><span style="font-size: 10pt;"><strong>Trade Lifecycle Controls</strong></span></p> </td> <td> <p><span style="font-size: 10pt;">Comprehensive understanding of trade capture, matching, confirmation, settlement workflows, and lifecycle control mechanisms.</span></p> </td> </tr> <tr> <td> <p><span style="font-size: 10pt;"><strong>Customer Payments &amp; Collection Operations</strong></span></p> </td> <td> <p><span style="font-size: 10pt;">Advanced domain knowledge of client pay &amp; collect operations, cross-border payment rails (SWIFT, SEPA, ACH), payment engines, and collection clearing workflows.</span></p> </td> </tr> <tr> <td> <p><span style="font-size: 10pt;"><strong>Internal Control Systems (ICFR) &amp; Regulatory Reporting</strong></span></p> </td> <td> <p><span style="font-size: 10pt;">Expertise in auditing Internal Control Systems over Financial Reporting (ICFR / SCIIF) and ensuring accuracy, completeness, and governance of statutory and regulatory reporting returns.</span></p> </td> </tr> <tr> <td> <p><span style="font-size: 10pt;"><strong>Prudential Governance &amp; Capital Requirements</strong></span></p> </td> <td> <p><span style="font-size: 10pt;">Deep understanding of regulatory capital adequacy frameworks (ICAAP, CRR/CRD, leverage ratios, CET1 calculations) and capital management oversight.</span></p> </td> </tr> <tr> <td> <p><span style="font-size: 10pt;"><strong>Treasury &amp; Payment Management Systems</strong></span></p> </td> <td> <p><span style="font-size: 10pt;">Hands-on familiarity and audit capability across enterprise Treasury Management Systems (TMS) and Core Payment Platforms such as Quantum, NetSuite, SmartTrade, and 360T.</span></p> </td> </tr> <tr> <td> <p><span style="font-size: 10pt;"><strong>Regulatory Compliance Standards</strong></span></p> </td> <td> <p><span style="font-size: 10pt;">Strong knowledge of global regulatory frameworks, client fund segregation, PSD2/PSD3 compliance, and safeguarding compliance across international environments.</span></p> </td> </tr> </tbody> </table> <p><span style="font-size: 10pt;"><strong>Job Purpose</strong></span></p> <p><span style="font-size: 10pt;">The <strong>Senior Audit Manager – Treasury, FX, Payments &amp; Financial Controls</strong> 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.</span></p> <p>&nbsp;</p> <p><span style="font-size: 10pt;">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.</span></p> <p><span style="font-size: 10pt;"><strong>Key Responsibilities</strong></span></p> <h1><span style="font-size: 10pt;"><strong>Audit Execution, Trading &amp; Payment Operations</strong></span></h1> <ul> <li style="font-size: 10pt;"><span style="font-size: 10pt;">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.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Assess operational risk controls surrounding trade amendments, including rolls, sell-backs, anticipations, and trade cancellation workflows.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Audit end-to-end payment operations executed on behalf of customers, including pay &amp; collect mechanisms, incoming collection matching, outbound payout execution, SEPA/SWIFT routing, and clearing reconciliations.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Evaluate transaction execution controls, cut-off management, exception processing, automated repair routines, and operational risk controls within payment processing engines.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">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.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Review daily, weekly, and monthly Key Risk Indicators (KRIs) and early-warning indicators to evaluate operational risk detection across trading and payment functions.</span></li> </ul> <h1><span style="font-size: 10pt;"><strong>Internal Control Systems for Financial &amp; Regulatory Reporting (ICFR)</strong></span></h1> <ul> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Audit the design and operational effectiveness of the Internal Control System over Financial Information (ICFR / SCIIF) across key financial processes and ledger postings.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Review regulatory reporting control frameworks to ensure the accuracy, completeness, and timeliness of statutory returns, central bank reporting, and prudential disclosures.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Evaluate end-to-end data lineage, automated mapping controls, and manual journal entry governance feeding financial statements and regulatory returns.</span></li> </ul> <h1><span style="font-size: 10pt;"><strong>Capital Requirements &amp; Financial Risk</strong></span></h1> <ul> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Audit Asset and Liability Management (ALM) frameworks, including liquidity models, interest-rate risk controls, and balance sheet/P&amp;L accounting for FX derivatives.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">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.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Review safeguarding frameworks and calculations to ensure complete compliance with regulatory requirements regarding the segregation and protection of client money (pay &amp; collect funds).</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Test valuation controls, market-to-market (MtM) pricing models, and monthly closing balance reconciliations substantiating safeguarding calculations.</span></li> </ul> <h1><span style="font-size: 10pt;"><strong>Governance, Regulatory &amp; Systems</strong></span></h1> <ul> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Assess control alignment with Second Line of Defence (2LoD) Risk and Control Self-Assessments (RCSAs), Business Impact Analyses (BIA), and business continuity plans.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">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.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Audit system access governance, configuration management, segregation of duties (SoD), and automation frameworks within critical technology infrastructure (e.g., Quantum, 360T, SmartTrade, Core Banking &amp; Payment Systems).</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Coordinate walkthroughs, track internal/external audit remediation actions to completion, and present clear audit findings to senior executive stakeholders.</span></li> </ul> <h1><span style="font-size: 10pt;"><strong>Reporting &amp; Stakeholder Engagement</strong></span></h1> <ul> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Draft clear, concise, and impact-oriented internal audit reports containing prioritized findings and actionable recommendations.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Support the Head of Internal Audit in preparing quarterly Audit Committee presentations, regulatory reporting packs, and board-level dashboards.</span></li> </ul> <p><span style="font-size: 10pt;"><strong>Technical Competencies &amp; Experience Requirements</strong></span></p> <h1><span style="font-size: 10pt;"><strong>Required Experience</strong></span></h1> <ul> <li style="font-size: 10pt;"><span style="font-size: 10pt;"><strong>5+ years</strong> of professional experience in Internal/External Audit, Operational Risk, or Treasury Risk within financial services, fintech, payment institutions, or global banking environments.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Hands-on audit exposure to FX trading desks, treasury middle/back-office operations, customer payment operations (pay &amp; collect), or liquidity management functions.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Direct audit experience evaluating Internal Control Systems over Financial Reporting (ICFR) and prudential capital requirement frameworks (ICAAP, CRR/CRD).</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Demonstrated experience evaluating complex automated reconciliations, multi-system data flows, and payment engine architectures.</span></li> </ul> <h1><span style="font-size: 10pt;"><strong>Education &amp; Professional Certifications</strong></span></h1> <ul> <li style="font-size: 10pt;"><span style="font-size: 10pt;"><strong>Bachelor’s or Master’s degree</strong> in Finance, Accounting, Economics, or a related quantitative field.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;"><strong>Professional Certification Required</strong> (at least one of the following):</span></li> <ul> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Certified Internal Auditor (CIA)</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Association of Chartered Certified Accountants (ACCA) / CPA / ACA</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM)</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Treasury / Risk / Audit Certifications (e.g., ACT, PRMIA, CISA)</span></li> </ul> </ul> <h1><span style="font-size: 10pt;"><strong>Soft Skills &amp; Leadership</strong></span></h1> <ul> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Strong critical thinking and ability to challenge first- and second-line management constructively.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Exceptional verbal and written communication skills, with proven ability to present clear audit findings to executive committees (e.g., ALCO, Audit Committee).</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Change leadership mindset, capable of auditing automated workflows, data analytics, and emerging AI adoption in treasury and payment ops.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;">Fluency in English (written and spoken) is required; additional European languages are an advantage</span></li> </ul> <p><span style="font-size: 10pt;"><strong>Why Ebury?</strong></span></p> <ul> <li style="font-size: 10pt;"><span style="font-size: 10pt;"><strong>Competitive Starting Salary</strong> with an <strong>annual discretionary bonus</strong><strong>&nbsp;</strong>that truly rewards your performance from day one.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;"><strong>Dedicated Mentorship: </strong>Learn directly from experienced managers who are invested in your success.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;"><strong>Cutting-Edge Technology: </strong>Leverage state-of-the-art tailor made tools and systems that enable you to perform at your best.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;"><strong>Clear, Accelerated Career Progression: </strong>Defined pathways to leadership and specialist roles within Ebury.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;"><strong>Dynamic &amp; Supportive Culture: </strong>Work in a collaborative environment where teamwork and personal growth are prioritized.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;"><strong>Generous Benefits Package: </strong>Access competitive benefits tailored to your location, which typically include health care and social benefits.</span></li> <li style="font-size: 10pt;"><span style="font-size: 10pt;"><strong>Central</strong><strong>&nbsp;</strong><strong>Office: A fantastic location with excellent transport links.</strong></span></li> </ul> <p><span style="font-size: 10pt;"><strong>Ready to launch your career with a global FinTech? Click the ‘Apply’ Today and discover your potential at Ebury!</strong></span></p><div class="content-conclusion"><p><strong>About us</strong></p> <p>Ebury delivers sophisticated, integrated solutions — business accounts, hedging, and financing — on a single platform with a seamless workflow. Our success is built on a simple premise and singular purpose: To help businesses operate and scale globally.&nbsp;</p> <p>Since its founding in 2009, Ebury has always been a fast-growing leader in fintech. Today, we bring together 2000+ Eburians across nearly 70 cities and we’re always looking to add to our team.&nbsp;</p> <p>At the heart of our offering is a proprietary platform, purpose-built to help businesses seamlessly streamline and manage global cash flow. We focus on continuous product evolution and innovation to build the infrastructure for borderless growth and help our clients scale at every stage.&nbsp;</p> <p>The opportunities at Ebury are as diverse as our people, ranging from business development to engineering roles across our tech pillars.</p> <p>We believe in inclusion. We stand against discrimination in all forms and are against the intolerance of differences that makes us a modern and successful organisation. At Ebury, you can be whoever you want to be and still feel a sense of belonging no matter your story.</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p></p> <p><span style="font-family: arial, sans-serif;"><strong>Important Security Notice for Job Applicants:<br></strong></span>Ebury only accepts applications via official Ebury channels.&nbsp;We will only contact you from an&nbsp;<strong>@<a href="http://ebury.com/" target="_blank" data-saferedirecturl="https://www.google.com/url?q=http://ebury.com/&amp;source=gmail&amp;ust=1786443161673000&amp;usg=AOvVaw3ln_vdjfmr4iDAVsuv1Ko7">ebury.com</a></strong>&nbsp;domain. Always check the emails you receive from us, and note that we will&nbsp;<strong>never</strong>&nbsp;request payment for any part of the recruitment process. Stay safe and report suspicious activity.<br><span style="font-family: arial, sans-serif;"><br><strong>Notice to Recruitment Agencies and Search Firms:<br></strong></span>Ebury does not accept unsolicited resumes, CVs, or candidate profiles from recruitment agencies or search firms without signed written Ebury recruitment terms in place for a specific role. Any unsolicited applications will be considered the sole property of Ebury. Ebury will not be responsible or liable for any placement fees or costs associated with unagreed candidate submissions or subsequent hires.<br><span style="font-family: arial, sans-serif;"><br><strong>AI Transparency Statement:<br></strong></span>Ebury uses Artificial Intelligence (AI) and automated tools to help streamline certain parts of our recruitment process, however, these tools are strictly for administrative efficiency. All hiring decisions, including application reviews, shortlisting, and final selections are evaluated and conducted by human talent acquisition professionals and hiring managers.&nbsp;</p> <p></p></div>