VP of Internal Audit

4 weeks ago


London, United Kingdom Deriv Full time

Job Description
As the VP of Internal Audit at Deriv, you'll be more than just a leader; you'll be the key to ensuring the effectiveness of our internal controls, risk management, and regulatory compliance. This role demands a strategic approach, leveraging advanced analytics for critical insights and trend identification. You're key to safeguarding our assets and reputation while maintaining customer trust.

You'll inspire a team of professionals, fostering a culture of innovation and excellence. Your role is essential in integrating audit findings into our business strategy, ensuring a unified approach to risk management. If you are driven to make a real impact, we welcome your expertise at Deriv.

Your challenges
  • Create and implement a comprehensive audit strategy focused on high-risk domains like trading platforms, customer data security, and Anti-Money Laundering (AML) controls, ensuring alignment with the organisation's objectives.
  • Identify risks associated with trading, investment, financing, and regulatory activities. Evaluate the adequacy of audit coverage and monitor for any control weaknesses or regulatory non-compliance.
  • Lead the planning and execution of internal audits covering trading controls, transaction verification, cash reconciliations, collateral management, and regulatory compliance. Ensure thorough follow-up and resolution of identified issues.
  • Conduct internal audits professionally and objectively, complying with the Institute of Internal Auditors' standards. Deliver timely and actionable audit reports to enhance internal control systems.
  • Keep up-to-date with the latest developments in broker-dealer operations and global financial markets. Incorporate industry best practices into the organisation's risk, compliance, and audit frameworks.
  • Monitor the effective implementation of audit recommendations by management. Maintain strong collaborative relationships and communicate regularly regarding audit plans, resource needs, findings, and progress updates.
  • Achieve key performance indicators such as the rate of audit plan completion and quality assessments of audit reports.
  • Build and lead a high-performing internal audit team. Provide mentoring, coaching, and performance feedback.
Requirements
  • 10+ years of proven internal audit and risk management experience in senior positions
  • University degree in Accounting, Finance, or a related discipline
  • Demonstrated expertise in auditing standards, risk assessment methodologies, and regulatory compliance requirements
  • Solid analytical and problem-solving skills with the ability to identify risks, assess controls, and develop practical solutions
  • Ability to present complex information clearly and effectively to diverse audiences
  • Strong leadership skills, capable of guiding and inspiring a dynamic team, and an ability to collaborate effectively with a range of teams and stakeholders
  • Strategic thinker, capable of making difficult decisions in a fast-paced environment
  • Excellent spoken and written English communication skills
What's good to have
  • Professional certifications such as CIA, CPA, or CISA
  • Experience in the fintech industry
Benefits
  • Competitive salary
  • Annual performance bonus
  • Health benefits include private medical insurance, death service benefits, health screening, dental, and vision allowance
  • Training and educational resources
  • Quarterly appraisal and well-defined career/learning paths
  • A chance to work with top talent from across the globe (70+ nationalities)
  • A Great Place to Work (GPTW) and IIP Platinum-certified workplace
  • Hybrid working environment (onsite+remote)
  • Team-building and bonding activities
  • Competitive annual leave
  • Maternity & Paternity leave
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