Internal Audit Senior Manager

Waystone is a leading asset-servicing solutions provider of institutional governance, administration, risk and compliance services to financial institutions. With over 25 years’ experience and a comprehensive range of specialist services to its name, Waystone helps our clients structure, operate and grow through our expertise, innovation and digitisation, backed by the operational scale to support global expansion. 

The Internal Audit Senior Manager supports the delivery of Waystone’s Internal Audit objectives by executing risk-based audit activities and contributing to the assessment of governance, risk management and internal controls.

Operating within the third Line of Defence, the role is responsible for delivering audit engagements, ensuring audit work is performed in accordance with the approved Internal Audit Framework, and supporting the continuous enhancement of the Internal Audit Programme.

Internal Audit Function

Working under the direction of the Head of Internal Audit:

• Support the implementation and maintenance of the Internal Audit Framework, including governance documentation, processes and procedures


• Contribute to the development and annual refresh of the risk-based Audit Plan through provision of risk insights and audit outcomes


• Deliver assigned audit engagements, including planning, execution, and documentation of audit testing


• Prepare draft audit reports and management action plans for review and approval


• Prepare materials and reporting packs to support governance reporting to Boards and Committees


• Support the tracking of audit delivery metrics and engagement performance indicators


• Assist in investigations and ad hoc reviews as required

Internal Audit Execution

• Execute audit testing in line with the approved Internal Audit Programme and methodology


• Maintain regular communication with stakeholders regarding audit progress, timelines and emerging findings


• Ensure audit documentation is complete, accurate and compliant with Internal Audit standards


• Identify control deficiencies and support the development of practical, risk-based recommendations


• Support the presentation of Internal Audit Reports where required

Day-to-Day Responsibilities

• Maintain up-to-date knowledge of audit practices, regulatory developments and industry standards


• Coordinate work allocation within audit engagements to ensure timely and effective delivery


• Provide guidance and oversight during audit execution to maintain quality and consistency


• Escalate material issues, risks, or delays to the Head of Internal Audit in a timely manner

Internal Audit Team

• Support recruitment, onboarding and training of team members


• Provide coaching and guidance to junior team members during audit engagements


• Contribute to team capability development through knowledge sharing and feedback


• Provide input into performance discussions and development needs

Stakeholder Management

• Build effective working relationships with stakeholders across business units and jurisdictions


• Engage with stakeholders to facilitate audit delivery and obtain required information


• Communicate audit findings clearly and support stakeholder understanding of required actions

Experience

• Experience in risk assessment, control evaluation and internal audit methodologies


• Demonstrated ability to deliver audit engagements within a structured audit framework


• Strong analytical and problem-solving capabilities


• Ability to assess the design and operating effectiveness of controls across business processes

Skills and Competencies

• Strong written and verbal communication skills


• Effective stakeholder engagement and relationship management


• Ability to manage multiple priorities and meet deadlines


• Strong organisational and attention to detail skills


• Collaborative approach with the ability to work as part of a team

Qualifications

• Bachelor’s degree or equivalent experience in audit, risk, compliance or operational control functions


• Professional qualification (e.g. CIA, ACCA, CPA or equivalent) preferred


• Typically 6–8+ years’ relevant experience within financial services or a regulated environment


• Asset management or ManCo experience considered an advantage