Hey Itsmiketheboxer,
I believe the type of audio setting that you’re looking for is called ‘Spatialize’. When you move towards a specific way, the sound will change ears depending on where the audio is coming from. You can learn more about this audio feature by downloading our Content Examples from the Epic Launcher. It’s located under the Learn tab, listed as the first result under ‘Engine Feature Samples’.
Here is some documentation for [Content Examples][1] as well.
Good luck! 
Content Examples Sample Project for Unreal Engine | Unreal Engine 5.1 Documentation