Internal Auditor (Asset Management)

SUMMARY:
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POSITION INFO:

Overview:

Our client, a well-established global asset manager, is seeking an Internal Auditor to join their team. They have a dedicated, global in-house Internal Audit function responsible for delivering internal audit reviews across the business. Their role is to provide the Boards and Executive Management with independent, objective assurance and advisory support that helps strengthen the firm and achieve its strategic objectives. They do this by applying a systematic and disciplined approach to assessing risk management, governance, and internal controls, focusing on what really matters and where we can add value.

The team consists of three senior Internal Audit Managers, all reporting to the Head of Internal Audit. The Head of Internal Audit, as well as two of the senior Internal Audit Team members, and an Internal Audit Learner, are based in Cape Town. The other senior Internal Audit Team member and the Internal Auditor are based in London.

Responsibilities:

• Build strong, trusted relationships with key stakeholders, acting as a credible business partner while maintaining the independence expected of the 3rd Line of Defence
• Work collaboratively within the Internal Audit team, contributing to a positive, high-performing environment
• Apply Global Internal Audit Standards (IIA), the International Professional Practices Framework (IPPF), and the company’s Internal Audit Methodology consistently and effectively
• Perform audit testing in line with agreed testing strategies and support Internal Audit Managers on larger reviews
• Plan and execute smaller reviews end-to-end, including identifying risks, controls, and appropriate testing approaches
• Conduct detailed walk-throughs for assigned audit areas
• Draft Terms of Reference for smaller reviews
• Escalate material risks and issues promptly to the Head of Internal Audit and relevant Internal Audit Manager
• Identify control weaknesses and work with line management to agree and close out actions
• Draft clear, well-articulated issues for inclusion in audit reports
• Manage issue validation and closure with line and senior management
• Finalise and issue audit reports for smaller reviews
• Track, follow up, and close audit findings through to implementation
• Participate in high-risk regulatory or business change initiatives to help identify and address issues early
• Raise emerging risks and issues in team forums as they arise
• Share knowledge, insights, and experience across the team
• Actively explore how Artificial Intelligence (AI) can be used to enhance the effectiveness and efficiency of the Internal Audit function
• Stay up to date with developments in the investment management industry, products, and relevant regulation, including:
  • Regulatory guidance and industry trends
  • Updates to the IIA and IPPF
  • Sharing relevant market, product, and regulatory insights with the wider team

Requirements:

• CIA or studying towards it
• A minimum of 5 years’ experience in Internal Audit auditing investment firms
• A solid understanding of the investment management industry, risk-based internal audit methodologies, and relevant professional standards (IIA / IPPF)
• Understanding and knowledge of an investment manager’s business processes, products and regulations, as well as business risks
• Experience in auditing internal control assurance reports of an investment firm such as the AAF 01/06, ISAE 3402, SOC, or equivalent, will be an advantage
• A genuine interest in applying AI and contributing new ideas to improve how the team operates

Attributes:

• A strong belief in doing the right thing
• An internal client focused and collaborative approach
• High conviction and be comfortable sharing opinions
• A curiosity about technology and its potential to drive innovation