The Senior Audit Manager – Treasury, FX, Payments & Financial Controls 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. Reporting to the Group Head of Internal Audit, the role is responsible for evaluating 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.
Responsibilities
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; Assess operational risk controls surrounding trade amendments, including rolls, sell-backs, anticipations, and trade cancellation workflows; Audit end-to-end payment operations executed on behalf of customers, including pay & collect mechanisms, incoming collection matching, outbound payout execution, SEPA/SWIFT routing, and clearing reconciliations; Evaluate transaction execution controls, cut-off management, exception processing, automated repair routines, and operational risk controls within payment processing engines; Audit the end-to-end reconciliation ecosystem across TMS, back-office systems, payment engines, and core accounting ledgers; Review daily, weekly, and monthly Key Risk Indicators (KRIs) and early-warning indicators; Audit the design and operational effectiveness of the ICFR / SCIIF across key financial processes and ledger postings; Review regulatory reporting control frameworks to ensure accuracy, completeness, and timeliness of statutory returns, central bank reporting, and prudential disclosures; Evaluate end-to-end data lineage, automated mapping controls, and manual journal entry governance; Audit ALM frameworks, including liquidity models, interest-rate risk controls, and balance sheet/P&L accounting for FX derivatives; Audit capital requirements frameworks, including CET1, Tier 1, Leverage Ratio, Risk-Weighted Assets, capital buffer compliance, and ICAAP stress-testing; Review safeguarding frameworks and calculations to ensure compliance regarding segregation and protection of client money; Test valuation controls, market-to-market (MtM) pricing models, and monthly closing balance reconciliations; Assess control alignment with Second Line of Defence (2LoD) RCSAs, Business Impact Analyses (BIA), and business continuity plans; Evaluate Treasury, Payment, and Finance participation and reporting in governance bodies including ALCO, Risk Management Oversight (RMO), Audit Committee, and Treasury Risk Committee; Audit system access governance, configuration management, segregation of duties (SoD), and automation frameworks within critical technology infrastructure; Coordinate walkthroughs, track audit remediation actions to completion, and present clear audit findings to senior executive stakeholders; Draft clear, concise, and impact-oriented internal audit reports with prioritized findings and actionable recommendations; Support the Head of Internal Audit in preparing quarterly Audit Committee presentations, regulatory reporting packs, and board-level dashboards
Requirements
5+ years of professional experience in Internal/External Audit, Operational Risk, or Treasury Risk within financial services, fintech, payment institutions, or global banking environments; Hands-on audit exposure to FX trading desks, treasury middle/back-office operations, customer payment operations (pay & collect), or liquidity management functions; Direct audit experience evaluating Internal Control Systems over Financial Reporting (ICFR) and prudential capital requirement frameworks (ICAAP, CRR/CRD); Demonstrated experience evaluating complex automated reconciliations, multi-system data flows, and payment engine architectures; Deep domain expertise in spot and derivative FX products (Spot, Forwards, NDFs, Swaps, Money Market instruments); Comprehensive understanding of trade capture, matching, confirmation, settlement workflows, and lifecycle control mechanisms; Advanced knowledge of client pay & collect operations, cross-border payment rails (SWIFT, SEPA, ACH), payment engines, and collection clearing workflows; Expertise in auditing ICFR / SCIIF and ensuring accuracy, completeness, and governance of statutory and regulatory reporting returns; Deep understanding of regulatory capital adequacy frameworks (ICAAP, CRR/CRD, leverage ratios, CET1 calculations); Hands-on familiarity and audit capability across Treasury Management Systems (TMS) and Core Payment Platforms such as Quantum, NetSuite, SmartTrade, and 360T; Strong knowledge of global regulatory frameworks, client fund segregation, PSD2/PSD3 compliance, and safeguarding compliance; Bachelor's or Master's degree in Finance, Accounting, Economics, or a related quantitative field; Professional certification required (at least one of: CIA; ACCA / CPA / ACA; CFA or FRM; Treasury / Risk / Audit certifications such as ACT, PRMIA, CISA); Strong critical thinking and ability to challenge first- and second-line management constructively; Exceptional verbal and written communication skills, with ability to present clear audit findings to executive committees; Fluency in English (written and spoken) is required
Nice to have
Additional European languages are an advantage; Change leadership mindset, capable of auditing automated workflows, data analytics, and emerging AI adoption in treasury and payment ops
Benefits
Competitive starting salary with an annual discretionary bonus; Dedicated mentorship from experienced managers; Access to cutting-edge technology and tailor-made tools and systems; Clear, accelerated career progression with defined pathways to leadership and specialist roles; Dynamic and supportive culture focused on teamwork and personal growth; Generous benefits package tailored to location, typically including health care and social benefits; Central office location with excellent transport links
Hiszpania · Madrid
