Job Purpose
The ICE Internal Audit Group consists of 80+ staff spread across locations (US, UK and India), with 9-10 staff based in London. The London team is responsible for providing independent, reliable, and timely assurance over the effectiveness of the control environment across 9 entities based in London, Amsterdam, Singapore, and Abu Dhabi. These entities are made up of exchanges, clearing houses, a trade repository, and a benchmark administrator.
The Senior Manager, Internal Audit is a senior role responsible for delivering high‑quality, risk‑based assurance across a diverse portfolio spanning trading, clearing, benchmark, operational, and technology‑enabled environments. We are looking for hybrid thinkers who can switch from whiteboard ideation to structured testing, turning complex tasks into simple, actionable outcomes. You will be expected to think like a risk architect, test like a scientist, report like a board advisor.
The role blends technical audit expertise with an understanding of how modern market infrastructure, exchange‑traded derivatives, and post‑trade services operate end‑to‑end. It involves technical depth (business processes and enabling technology) as well as executive communication (concise, decision‑ready messages for governance forums) and operates within Internal Audit’s chartered mandate and Board‑approved oversight model.
Key Interfaces
IA Leadership, Audit Committee Secretariat/CAE office, business/ops leadership, Risk/Compliance, Technology & Cyber, Finance/Controllers, and External Audit/regulatory liaisons as appropriate.
Responsibilities
Plan with intent: Define clear audit objectives, inherent/control risk focus, data sources, and success criteria; avoid duplicative walkthroughs through “scope‑once, test‑once” integrated approaches.Test with judgment: Balance depth with materiality; use data and targeted sampling to reach supportable conclusions efficiently.Report with impact: Produce concise reports that trace issues to causes and consequences, offer practical actions, and withstand challenge in governance forums.Follow‑through: Track issue remediation and validate corrective actions in a timely, risk‑proportionate manner.Uplift the system: Codify good practice into playbooks; mentor the bench; contribute to Internal Audit’s continuous‑improvement program and quality assurance framework.Assurance DeliveryManage end‑to‑end, risk‑based portfolio of audits—planning, fieldwork, root‑cause analysis, and reporting—covering business processes, governance/oversight, regulatory themes, and technology controls. This includes steering of integrated audits by coordinating with the Global IT audit team alongside business control evaluation to provide a single, coherent opinion.Drive cross‑cutting thematics (e.g., financial crime controls, market surveillance, price discovery, operational resilience, SDLC/change, data integrity, regulatory compliance), producing reusable test programs and playbooks.Market Infrastructure & Derivatives ExpertiseApply knowledge of exchange microstructure, order life cycle, surveillance principles, market conduct expectations, and derivatives trading conventions.Understand margining concepts, clearing risk processes, collateral management, and how clearing houses manage default risk.Assess risks in areas such as: Market surveillance frameworks; Price/settlement processes; Algorithmic trading controls; Trading platforms and technology stability.Stay ahead of regulatory developments affecting markets and post trade infrastructure.Stakeholder & Committee EngagementBuild and maintain independent relationships with senior leaders in operations, risk/compliance, and technology, influence remediation with clarity and fairness.Support IA leadership with regulatory requests and exams.Support the IA leadership by coordinating the compilation of Audit Committee decks and presenting succinct, decision‑ready updates at Audit/Risk Committees and senior leadership meetings; prepare and review materials in line with our Audit Committee reporting practice aid and templates.Risk Assessment & PlanningDrive the annual risk assessment and audit plan refresh, highlighting changes in business model, technology stack, regulatory expectations, and external environment.Calibrate coverage depth, frequency, and sequencing with Internal Audit methodology and the approved charter.People Leadership & MethodologyCoach managers, senior auditors, and auditors; set quality expectations for scoping, evidence, sampling, and narratives.Perform engagement quality reviews; recommend enhancements to methodology, templates, data usage, and the Audit Committee/Risk Committee production process.
Knowledge and Experience
Bachelors in a relevant field (e.g., Engineering, Sciences, Accounting, Finance, Economics, Business).Significant Internal Audit/assurance/Risk experience in complex, regulated environments.Strong command of operational risk, governance, regulatory expectations, and control frameworks; ability to translate complexity into concise, executive‑level messaging.People leadership: coaching, review, and developing high‑performers.
Desirable
Master’s degree in relevant field preferred.Exposure to non-financial risks, financial crime/AML, operational resilience, data/record integrity, and regulatory reporting.Data‑driven assurance (analytics/automation) and cross‑site standardization of procedures.Professional credentials (one or more): CFA, FRM, CIA, CISA, ACA/ACCA/CPA (or in progress).Demonstrated committee presence (pre‑briefs, dry‑runs, handling challenging Q\&A).
Success Measures
Delivery: Achieve Audit plan milestones with minimal variance; high‑quality, defendable workpapers; on‑time and proportionally measured findings.Impact: Successful development of horizontal playbooks to use across multiple audits for measurable reduction in duplicate walkthroughs and cycle time.Governance: Positive committee feedback on clarity, brevity, and usefulness of materials; no surprises; robust Q\&A performance.Team Resilience & Innovation: Promote a capable and agile audit team that is enabled through the effective use of technology, automation, data‑driven testing, and collaboration tools, resulting in improved efficiency, enhanced assurance coverage, and broader distribution of responsibility across the team.
Working Style and Values
Independence with partnership: Maintain objectivity while engaging stakeholders constructively.Methodology with judgment: Apply standards rigorously, then focus effort where risk is highest.Clarity over volume: Prefer sharp analysis and write in a concise but precise manner.Calm under challenge: Prepare thoroughly; communicate early; land messages with composure in forums that matter.