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Non Exec - Chair of Audit

London
Posted about 15 hours ago
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Non Exec, Chair of Audit

London
2 days per month

Under the terms of the Bank’s standard Non-Executive Director service agreements, NEDs are expected to devote such time as is necessary for the proper discharge of their duties, with an anticipated minimum commitment of two days per month, increasing where additional responsibilities (including committee chair roles) are undertaken or during periods of heightened activity.

The Chair of the Audit Committee provides independent leadership and oversight of the Bank’s financial reporting, relevant internal controls, audit processes, and regulatory compliance. Operating in a highly regulated environment with a bespoke lending model, the role is critical in supporting robust governance while enabling the Bank’s strategic growth ambitions, including complex corporate activity and engagement with sophisticated investors. The Audit Chair will work closely with the Board, executive management, regulators, external auditors, internal auditors, and shareholders to ensure transparency, financial integrity, and disciplined risk management in a fast-paced and evolving business. The scope and intensity of the role will be exercised in a proportionate manner, reflecting the Bank’s stage of development, size and complexity.

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I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?

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Also worth knowing: most autumn 2026 applications are open now. Timing matters more than you think.

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Graduate Consultant — 2026 Scheme

PwC·London, UK
£35,000/yr

Why you're a good match

Strong

Your economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.

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Why you're a good match

You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.

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Strong

Experience fit

Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.

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Strong

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The Chair of Audit has responsibility for:

  • Audit Committee leadership
  • Financial reporting and controls oversight
  • Capital and liquidity oversight
  • Audit (external and internal) oversight
  • Risk and regulatory interface
  • Strategic and transaction oversight
  • Investor and stakeholder engagement
  • Whistleblowing Champion on the Board

Skills and Experience

Essential:

  • Previous experience as CFO
  • Experience in complex structured finance and capital markets transactions
  • Capability and skillset to oversee a UK GAAP to IFRS conversion
  • Strong regulatory reputation
  • Strong people skills – low ego / high EQ / collaborative style

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Would ideally suit someone that is looking for their first NED appointment after exec career in UK banking.
or Existing portfolio NED that is not conflicted by other roles with competitors (in the UK credit market).

Desired:

  • Deep ICAAP experience
  • Deep experience and knowledge of UK credit markets
  • Treasury and balance sheet management experience and knowledge
  • IPO or business sale experience
  • Highly commercial
  • Experience working with an entrepreneur founder or major shareholder
  • Experience of leading a tender process for internal audit provision
  • International experience
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Skills

Audit Committee Leadership
Financial Reporting
Internal Controls
Regulatory Compliance
Structured Finance
Capital Markets
UK GAAP
IFRS
ICAAP
Treasury Management
Balance Sheet Management
IPO Experience
Risk Management
Stakeholder Engagement
Corporate Governance
Internal Audit Oversight

Location

London, England, United Kingdom

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