Senior Internal Auditor

Role Overview

The Internal Audit Manager plays a vital role within the organization, offering independent and objective assurance regarding risk management, control, and governance processes. This position requires a strategic partner who not only excels at auditing but also comprehends the complexities of physical and financial commodities trading. The goal is to deliver pragmatic, value-added recommendations that enhance operational efficiency.

Key Responsibilities

• Audit Planning & Execution:
  • Lead the comprehensive audit process for designated engagements, encompassing planning, risk assessment, scoping, testing, and reporting.
  • Develop and implement audit programs to assess the effectiveness of controls over key risks, including market, credit, operational, liquidity risks, and compliance with regulatory requirements.
• Risk Assessment:
  • Contribute to the annual risk-based audit plan, 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 effectively to senior management.
  • Draft concise audit reports for the Group Head of Internal Audit and distribute them to the Audit Committee.
  • Foster collaborative relationships with key stakeholders in Front Office, Middle Office, Risk, Finance, and Operations.
• Follow-Up & Validation:
  • Monitor and validate management's corrective actions in response to audit findings, ensuring effective and timely remediation.
• Advisory:
  • Offer advisory insights on control considerations for new products, projects, and system implementations.

Technical Expertise

• 5-7 years of experience in internal or external auditing, particularly within commodities trading or investment banking, or with a top-tier professional services firm.
• Bachelor's degree in Finance, Accounting, Economics, Business, or a related discipline.
• Hands-on experience auditing key commodity trading cycles, including oil, gas, metals, power, and agriculture.
• Strong familiarity with financial products and derivatives such as futures, options, swaps, and forwards.
• Possession of a professional certification such as CIA, CPA, or CFE; FRM or CFA certifications are advantageous.
• Exceptional communication skills, both written and verbal, capable of discussing complex topics with diverse audiences.
• Fluency in English.

Highly Desirable Skills

• Experience auditing physical trading operations, including logistics and execution.
• Familiarity with key trading and accounting systems, such as Atlas, Aspect, Endur, Allegro, and SAP.
• Proficiency in data analytics tools like ACL, IDEA, Tableau, Power BI, or Python is a significant advantage.