Audit Manager

London, England, United Kingdom

1/9/2025

Audit Manager (Internal Audit), London, Permanent

Are you an experienced Audit Manager ready to contribute significantly at Pay.UK? We're seeking a highly skilled professional to join our team and ensure the integrity of Pay.UK's internal controls. The department owns the delivery of the independent assurance to the Board of Pay.UK including but not limited to developing and operating a common internal audit methodology applied consistently across Pay.UK. Your proficiency in performing audits, coupled with a solid grasp of risk, and extensive knowledge in audit best practice is crucial for offering impartial assurance to our Board and management team.

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. This is an opportunity where you can shape the internal audit delivery whilst developing and advancing your career goals. If you are motivated by audit, we invite you to submit your application.

Key Highlights

• Supports the Senior Audit Managers, Head of Audit Portfolio and the Director of Internal Audit in delivering assurance to Pay.UK Board and Pay.UK management regarding the adequacy and effectiveness of internal controls.
• Brings and applies knowledge of the completion and delivery of audits, together with proficiency in specialist areas of risks and internal controls, such as payments, projects & programmes, technology, finance, third-party management, risk management and/or data analytics.
• Responsible for planning 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.
• Provide support to the Senior Audit Managers, Head of Audit Portfolio and the Director of Internal Audit 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.
• Understand and document processes, risks and controls in business areas to be audited.
• Prepare assignments' 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 reperformable standards, for review by the Senior Audit Managers and Chief Internal Auditor.
• 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.
• Undertake specific consultancy services within Pay.UK as appropriate.
• Exercise 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 know-how in specific areas of responsibility as assigned; maintain a professional status and share best practices.
• Engage with stakeholders, develop and cultivate relationships, and work collaboratively to positively encourage changes in order to improve the effectiveness and efficiency of control.
• Act in an advisory capacity to enhance 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 activities.
  
  

Skills, Qualifications & 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, would be beneficial
• Established ability 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
• Benefits do not apply to any consultancy roles