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Chair of the Audit Committee, united kingdom
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Client:
FD Capital Recruitment
Location:
Job Category:
Other
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EU work permit required:
Yes
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Job Views:
4
Posted:
26.04.2025
Expiry Date:
10.06.2025
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Job Description:
Description
Job Title: Chair of the Audit Committee
Location: London, United Kingdom
Reporting to: Chair of the Board
Commitment: Part-time, Non-Executive Role 24 days per year.
We are seeking an experienced and strategically-minded individual to serve as the Chair of the Audit Committee for our London-based bank. This role is central to ensuring the integrity of the bank’s financial reporting, internal controls, risk management, and audit processes. The ideal candidate will bring a strong background in finance, audit, or risk, with prior board-level experience in a regulated financial services environment.
Responsibilities
Description
Job Title: Chair of the Audit Committee
Location: London, United Kingdom
Reporting to: Chair of the Board
Commitment: Part-time, Non-Executive Role 24 days per year.
We are seeking an experienced and strategically-minded individual to serve as the Chair of the Audit Committee for our London-based bank. This role is central to ensuring the integrity of the bank’s financial reporting, internal controls, risk management, and audit processes. The ideal candidate will bring a strong background in finance, audit, or risk, with prior board-level experience in a regulated financial services environment.
Responsibilities
Key Responsibilities
* Lead the Audit Committee: Chair regular meetings, set agendas, and ensure robust discussion and challenge of the bank’s financial reporting and audit matters.
* Oversight of Financial Reporting: Review and monitor the integrity of the financial statements, including annual and interim reports, ensuring compliance with legal and regulatory requirements.
* Engage with External Auditors: Oversee the relationship with external auditors, including appointment, remuneration, performance, and independence.
* Internal Audit Function: Provide oversight of the internal audit function, including strategy, resourcing, reporting, and findings.
* Risk and Controls: Assess the effectiveness of internal controls, compliance, and risk management systems.
* Whistleblowing and Ethics: Oversee the bank’s whistleblowing framework, ensuring that concerns are raised and managed appropriately.
* Board Reporting: Report regularly to the Board on the committee’s activities, issues, and recommendations.
Qualifications
Candidate Profile
* Professional Expertise: Qualified accountant (ACA, ACCA, CIMA or equivalent) or significant experience in financial oversight roles within banking or financial services.
* Regulatory Understanding: Deep knowledge of UK financial regulation, particularly PRA, FCA, and UK Corporate Governance Code requirements.
* Independence and Integrity: Demonstrated independence, sound judgement, and a commitment to high ethical standards.
* Board Experience: Previous experience as a Non-Executive Director or Committee Chair in a financial institution or regulated environment.
* Leadership Skills: Strong communication and leadership abilities, capable of fostering open dialogue and effective challenge.
Desirable Experience
* Experience in cyber risk, ESG reporting, or digital banking transformation is advantageous.
* Familiarity with international regulatory standards and cross-border operations.
Job Benefits
Term and Remuneration
* Appointment is for 24 days per year
* Competitive remuneration commensurate with experience and regulatory expectations for non-executive roles.
Contacts
FD Capital are leading NED recruiters.
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