Audit Manager

Audit Manager, London, Permanent 

Are you a data-driven Audit Manager ready to make a significant impact at Pay.UK? We're seeking a highly skilled professional to join our team and ensure the integrity of our internal controls. Your proficiency in performing audits, coupled with a solid grasp of risks and data analytics, is crucial for offering impartial assurance to our Board and management team. Experience using tools like Power BI to visualise and analyse data will be a key requirement in this role. If you are enthusiastic about audit and prepared to harness data analytics to achieve outcomes, we invite you to submit your application.

Key Accountabilities

• Responsible for planning, coordinating, and delivering audit assignments using the departmental methodology. This includes completing deliverables for review by the Senior Audit Managers during audit planning, fieldwork and reporting phases
• Understand and document processes, risks and controls in business areas to be audited
• Prepare Terms of Reference documents for review by the Senior Audit Managers, Head of Audit Portfolio and the Chief Internal Auditor
• Evaluate the adequacy and effectiveness of internal controls by performing all appropriate audit testing.
• Create Internal Audit working papers to re-performable standards, for review by the Senior Audit Managers and Head of Audit Portfolio
• Draft clear and concise audit report findings and actions for review by the Senior Audit Managers and Head of Audit Portfolio
• Agree management action plans, track progress of these and assist in reporting to the Audit Committee and Risk Committee
• Provide support to the Senior Audit Managers, Head of Audit Portfolio and the Chief Internal Auditor to provide assurance on the overall adequacy and effectiveness of the organisation’s governance, risk management and control
• Operate in accordance with the Internal Audit charter, professional audit standards and code of ethics.
• Undertake specific business monitoring and consultancy services within Pay.UK as appropriate.
• Demonstrate flexibility to ensure that the audit focus is maintained on key issues and be responsive to ad hoc business requests and assignments
• Develop and maintain expertise in dedicated areas of responsibility as assigned; maintain a professional status and share best practices
• Engage with stakeholders, develop and strengthen relationships, and work collaboratively to positively influence changes in order to improve the effectiveness and efficiency of internal controls and business processes
• Keep abreast of relevant Internal Audit best practice and new developments affecting the payments industry

Qualifications, Skills & Experience

• Educated to relevant academic degree level or with relevant professional qualifications (CIA, ACA, ACCA, CIMA, CISA etc)
• Applicants with a background in external or internal audit, especially those with experience in payments, financial services (including regulators), or critical national infrastructure, are desired
• Proven expertise in auditing domains that encompass payments, project and program oversight, technology integration, financial operations, external partner governance, risk control, and data analysis
• Proficient in conducting audits with a focus on thorough analysis, clear writing, and articulate verbal communication.
• Business insight and deep understanding of the financial services industry and the payments industry
• Comprehensive stakeholder management and communication skills with exposure to senior leaders

At Pay.UK, we value diversity and inclusivity. Research has shown that candidates from underrepresented groups may hesitate to apply unless they meet all the requirements listed. We encourage all qualified candidates to apply, regardless of how closely their skills and experience match the requirements. We are committed to supporting accessibility needs and creating a welcoming environment for all employees. Become part of our team and contribute to the creation of an inclusive work environment that values everyone's unique input.

About Us

Pay.UK maintains and develops the UK retail payment systems and standards that are core to the economy being able to function on a day-to-day basis.

From Bacs to Faster Payments and cheques – we act as the single operator for all UK retail payments. We put the needs of consumers and businesses at the heart of everything we do, working in the public interest to ensure that the systems the country relies on for its banking transactions are safe, open, innovative and resilient.

Our payment systems underpin the services that enable funds to be transferred between people and institutions. In 2023, the UK's retail payment systems processed 11.4 billion transactions worth £9.3 trillion through Bacs Direct Credit, Direct Debit, Faster Payments, and cheques, and our Current Account Switch Service has facilitated over 10.2 million switches since its launch in 2013.

Every day, people and businesses use the services we provide to get their salaries, pay their bills and make online and mobile banking payments. Our vision for the future is to enable a vibrant economy, with Pay.UK delivering the best-in-class payment infrastructure and standards for the benefit of consumers and businesses nationwide.

Benefits & Additional Information

• 12% Non-contributory pension
• Discretionary annual bonus 
• 30 days annual leave (excluding bank holidays)
• Private medical insurance, life assurance, income protection, health cash plan, dental insurance, Bupa medicals etc
• Employee assistance programme
• Cycle to Work Scheme
• Season ticket loan
• Annual fitness subsidy of up to £500 per annum
• Working from home policy - minimum 40% in the office (eg. 2 days in the office over a 5 day working week)

Please note: Benefits for FTC roles may vary