The Role
The Internal Audit Manager is a pivotal position within our third line of defense, delivering independent and objective assurance regarding the company's risk management, control, and governance processes. This individual will take charge of planning and executing complex audits across our global trading, operations, and support functions. The ideal candidate transcends traditional auditing; they are a strategic business partner who comprehends the intricacies of physical and financial commodities trading, providing pragmatic, value-added recommendations.
Key Responsibilities
Audit Planning & Execution
- Lead the end-to-end audit process for assigned engagements, encompassing planning, risk assessment, scoping, testing, and reporting.
- Develop and execute audit programs to evaluate the effectiveness of controls over key risks, including but not limited to:
- Market Risk: Valuation (MtM), VaR models, stress testing, position limits.
- Credit Risk: Counterparty credit analysis, limits monitoring, collateral management.
- Operational Risk: Trade lifecycle (from execution to settlement), logistics, physical operations, documentation (contracts, letters of credit).
- Liquidity Risk: Cash flow forecasting, funding, and treasury operations.
- Compliance: Regulatory requirements, screening sanctions, Anti-Bribery and Corruption (ABC), and AML/ATF.
Risk Assessment
Contribute to the development of the annual risk-based audit plan by maintaining an up-to-date understanding of the company's business, strategy, and emerging risks in the commodities markets.
Stakeholder Engagement & Reporting
- Communicate audit findings, root causes, and practical recommendations clearly and persuasively to senior management.
- Draft concise and impactful audit reports for review by the Group Head of Internal Audit and distribution to the Audit Committee.
- Build strong, collaborative relationships with key stakeholders in Front Office, Middle Office, Risk, Finance, and Operations to promote a culture of robust control awareness.
Follow-Up & Validation
Track and validate management's corrective actions to address audit findings, ensuring issues are remediated effectively and in a timely manner.
Advisory
Provide advisory input on control considerations for new products, projects, and system implementations.
Technical Expertise
- 5-7 years of experience in internal or external auditing, significantly within commodities trading, investment banking, or a top-tier professional services firm auditing similar clients.
- Bachelor's degree in Finance, Accounting, Economics, Business, or a related field.
- Proven hands-on experience auditing key commodity trading cycles (oil, gas, metals, power, and agricultural) and associated risks (market, credit, operational).
- Strong understanding of financial products and derivatives (futures, options, swaps, forwards).
- Professional certification such as CIA (Certified Internal Auditor), CPA (Certified Public Accountant), or CFE (Certified Fraud Examiner). FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) is a strong plus.
- Exceptional communication skills, both written and verbal, with the ability to discuss complex issues with both technical and non-technical audiences.
- Fluency in English.
Highly Desirable
- Experience with auditing physical trading operations, including logistics, shipping, and execution.
- Familiarity with key trading and accounting systems (e.g., Atlas, Aspect, Endur, Allegro, SAP).
- Proficiency in data analytics tools (e.g., ACL, IDEA, Tableau, Power BI, Python) is a significant advantage.
Apply online using the form below. Only applications matching the job profile will be considered.