IT Audit Manager - Financial Services

The Position

Our client is seeking an experienced and motivated IT Audit & Regulatory Assurance Manager to join our growing Financial Services team. This role focuses on delivering IT audit and regulatory assurance services to clients across banking, payments, fintech and wider regulated financial institutions.
The successful candidate will play a key role in supporting clients with regulatory inspections, AML/CTF frameworks, PSD2 compliance, and payments ecosystem controls, while managing complex IT audit engagements in a fast-paced, evolving regulatory environment.

Key Responsibilities

• Manage a portfolio of IT audit and regulatory assurance engagements within the Financial Services sector
• Lead internal IT audits and regulatory reviews across banks, payment institutions, and fintech firms
• Lead inspections on behalf of the regulator

Design and execute risk-based audit plans, with a focus on:

• AML/CTF systems and controls
• Payments processing platforms and controls
• PSD2 compliance (including SCA and API security)

Oversee audit fieldwork, ensuring quality and consistency in testing and documentation
Support clients in preparation for and response to CBI regulatory inspections and thematic reviews

Assess AML control frameworks, including:

• Transaction monitoring systems
• Customer risk assessment controls
• Sanctions screening and reporting processes

Evaluate compliance with PSD2 requirements, including:

• Strong Customer Authentication (SCA)
• Third-Party Provider (TPP) access controls
• API security and operational resilience
• Review payments controls across card schemes, and digital/fintech channels
• Draft clear, actionable audit and regulatory reports, including findings and recommendations
• Present findings to senior management, risk committees and audit committees
• Build and maintain strong relationships with client stakeholders, including risk, compliance, IT and internal audit teams
• Manage, coach and develop junior IT auditors and consultants
• Contribute to the development of Financial Services audit methodologies, particularly in AML, payments and regulatory assurance
• Support business development initiatives in FS regulatory and IT audit services

Ideal Candidate

• 5+ years' experience in IT audit, internal audit or regulatory assurance, ideally within Financial Services

Proven experience working with:

• Banks, payment institutions, or fintechs
• Regulatory frameworks such as CBI requirements, PSD2, AML/CTF regulations
• Experience supporting or managing regulatory inspections or remediation programmes

Strong knowledge of:

• AML systems and controls (transaction monitoring, KYC, sanctions)
• Payments infrastructure (SEPA, SWIFT, cards, payment gateways)
• PSD2 and open banking regulatory requirements
• Solid understanding of IT general controls (ITGCs), application controls, and cybersecurity frameworks
• Relevant degree in IT, Audit, Finance, or related field
• Professional certification such as CISA, CISM, CISSP or equivalent
• Strong project management and organisational skills
• Excellent communication and stakeholder engagement capabilities
• Ability to operate in a highly regulated, fast-changing environment