Head of Internal Audit, Bitfinex
More information about location
Digital asset trading platform
Job no longer available
Digital asset trading platform
201-500 employees
Job no longer available
More information about location
201-500 employees
Company mission
To give users the ultimate cryptocurrency trading experience.
Role
Who you are
- This role is ideally suited for someone who is excited by the opportunity to apply their existing audit experience in a dynamic business environment
- High attention to detail and excellent analytical and research skills
- Keen understanding or appetite to learn more about the crypto industry and available products
- Experienced in planning and managing internal audit / internal controls testing strategies and assessing results
- Strong understanding of risk and control concepts with the ability to evaluate and determine the adequacy of controls by considering business and technology risks in an integrated manner
- Sound consultation and interpersonal skills, ability to prioritize and multi-task, and strong organizational skills
- Excellent written and verbal English communication skills
- Spanish written and verbal communication skills are a plus
- Team Player with the ability to work independently in a fast-paced environment and within a small team setting
- Exceptional work ethics and a keen understanding of the confidential nature of Internal Audit communications and access to information
- Ability to build relationships both internally and externally
- Bachelor’s degree (preferred)
- Previous professional experience (ideally minimum of 5 years) in internal audit / risk management / internal control / compliance in the financial services industry (for example, within a financial institution or consulting firm providing such services)
- CIA, or professional audit designation (CPA, ACCA, CISA, etc.) (preferred)
- Experience with Agile Auditing and Data Analytics is a plus
- Knowledge of the cryptocurrency / blockchain space is a plus
What the job involves
- Bitfinex and its affiliated entities are currently searching for a Head of Internal Audit
- The successful candidate will be responsible for the continuing development of the internal audit function
- Audit assignments will include operational, financial, and internal controls audits
- The candidate will utilise a risk based approach when executing the annual audit plan based on an understanding of the risks to which the companies are exposed to
- We are looking for someone who not only has solid technical experience, but also coaches their team by creating a motivating and inspiring atmosphere that promotes a trusted-partner approach with the broader business
- The role will be accountable for developing the audit programs, engaging internal and external stakeholders to ensure the audit is executed within specified timelines
- To succeed in this role, the incumbent will continuously strive to self-develop and enhance their skill sets including understanding the Companies products and services, blockchain technology, virtual currencies, and best internal audit practices
- A strong understanding of the Companies and it's products and services is require
- Lead the Internal Audit function and execute audits from planning to reporting, producing quality deliverables to both department and professional standards while ensuring audits are completed timely and within budget
- Engage with stakeholders, business management, other control groups (i.e. risk management, compliance, fraud prevention), external auditors, and regulators establishing strong working relationships while maintaining independence
- Identify emerging control issues early and report them timely to management
- Mentor, develop, and support the Internal Audit Team
- Prepare and submit final audit reports to the Senior Leadership Team and Audit Committee to discuss areas of risk identified, process weaknesses, the recommendations to mitigate them, and strengthen internal controls
- Evaluate the related action plans and process improvement opportunities with each department
- Manage the audit findings log to ensure appropriate Internal Audit follow-up with management to implement satisfactory management action plans
- Escalate discrepancies directly with management to determine the reasonableness and appropriateness of remediation plans when needed
- Monitor agreed upon recommendations to ensure they are implemented
- Stay up to date with evolving industry/regulatory changes impacting the business and participate in appropriate control forums
- Conduct miscellaneous initiatives as required
Our take
Since its 2012 founding, Bitfinex has consistently been one of the world’s largest crypto exchanges, supporting over 150 currencies and offering multiple trading options. Its popularity is largely down to how user friendly it is for all levels of trader, from beginner to pro.
For all its popularity, it’s impossible to ignore the controversies the company has faced, along with its sister currency Tether. This includes hacking, a highly publicized settlement over an alleged $850 million loss cover-up, and its involvement in a shadow banking operation which landed the perpetrator 6 years in prison.
It’s also worth noting however, that bad press has dogged a lot of major players in the crypto world. Bitfinex’s supporters don’t seem to have been swayed by the headlines, and the company continues to move on. In 2022, it gained access to the Single Euro Payments Area (SEPA), and the company is hoping to gain regulatory approval and licensing around the world.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
3% employee growth in 12 months
Company
Company benefits
- Room to grow
- Work with talented people
- Build a life-changing career
- Transparency and autonomy
- Open vacation policy
- Culture of learning
- Offsites and team building
- Flexible hours
- Full remote
Company values
- Sense of Ownership – You are accountable and recognized for your work, leading a project from conception to launch
- Team Player – We work quickly and collaboratively in the best interests of the team, encouraging and helping each other
- High Performance – Being results-driven, we work fast and achieve the most significant impact without compromising quality
- Passion – We share the passion for achieving the Bitfinex vision and want to make a difference
- Positivity – We’re always positive and intended to inspire others to overcome any tough challenges. Whatever happens - we rise and shine brighter together
- Community Oriented – Paying attention to details and understanding users' needs, we are committed to being a steward to the community and deliver the best services
Company HQ
Wickhams Cay 1, Road Town, Tortola
Articles
Leadership
J. L. van der Velde
(CEO)CEO at Bitfinex since 2013. Prior to joining Bitfinex, was CEO of investment firm PAG Asia.
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