Head of Prudential Risk Audit
Head of Prudential Risk Audit

Head of Prudential Risk Audit

London Full-Time 43200 - 72000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Lead audits in Financial Risk, ensuring compliance and effective reporting.
  • Company: Starling is a revolutionary UK bank blending technology with finance for a better customer experience.
  • Benefits: Enjoy flexible working options, a dynamic culture, and opportunities for professional growth.
  • Why this job: Join a fast-paced team making a real impact in the banking sector while developing your skills.
  • Qualifications: 10+ years in audit, strong communication skills, and a relevant degree or certification preferred.
  • Other info: Role based in London or Cardiff, with occasional travel required.

The predicted salary is between 43200 - 72000 £ per year.

Hello, we’re Starling. We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way. We’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices.

We’re looking for an Audit Manager to join our growing internal audit team covering Financial Risk including Credit, Market, Model risk, Capital & Liquidity areas across Starling. You’ll be responsible for the audit plan in key areas across Finance, Tax & Treasury, Model and Market & Credit risk.

You will support the Group Head of Internal Audit (SMF5) and Director of Business Audit, and will be expected to present your work to the Executive team and the Board Audit Committee. You will help Starling’s Senior Management to protect the assets, reputation and sustainability of Starling as it continues on its growth path and delivers fantastic products and services. This role is open to candidates based in either London or Cardiff. Travel to London office will be required on an occasional basis.

Your responsibilities will include:

  • Delivery of the internal audit plan across Financial Risk areas, with the support of Starling’s in-house team and co-source providers
  • Provide insightful and impactful reporting to help the Executive and the Board challenge the controls activities of the first two lines of defence
  • Provide the necessary support, guidance and challenge in a constructive manner to support sustainable growth and in ensuring appropriate outcomes for our customers
  • Engagement with Regulators and relevant industry bodies
  • Mentor colleagues and work as a member of the broader 3LoD team
  • Contribute to the effectiveness of the Internal Audit Strategy and help to deliver strategic change across the internal audit team
  • Contribute to the Data Analytics Strategy delivering increased levels of DA
  • Conduct continuous monitoring activities across key areas assigned to you and provide insight and contributions into Executive and Board Reporting

Minimum criteria:

  • Ideally around 10+ years of experience within internal or external audit within a professional services or financial Institution regulated by the PRA and FCA within 1LOD, 2LOD or 3LOD Internal Audit function
  • Experience in delivering audits across a broad range of Prudential, Financial Risk and Regulatory audit experience ideally within another Financial Institution regulated by the PRA and FCA is essential
  • Relationship management and influencing skills with colleagues
  • The ability to challenge in a positive manner and to articulate balanced opinions
  • Ability to juggle multiple priorities and overcome challenges while working within timelines
  • Self-starter and can-do approach with a level of flexibility to adapt to work in a fast-paced and highly regulated environment
  • Able to work collaboratively in a team environment and confident with agile ways of working
  • Excellent attention to detail and highly organised
  • The desire and drive to learn, develop and create a positive impact as part of a growing internal audit function
  • Strong communication skills and the ability to work effectively as part of a team
  • Strong technical understanding of the workings of Finance, Tax and Treasury within the banking industry is essential

Desirable criteria:

  • Relevant degree (e.g. Business, Accounting or Finance) and a professional certification or industry accreditation (e.g. ACA, ACCA, CPA, CIA)
  • A good understanding of the 2025 Institute of Internal Auditors (IIA) standards and Chartered Institute of Internal Auditors (CIIA) Internal Audit Code of Practice
  • Experience with audit software and data analytics for internal audit functions is preferred but not essential

Head of Prudential Risk Audit employer: Starling Bank

At Starling, we pride ourselves on being an innovative bank that combines the agility of a tech company with the stability of a fully licensed financial institution. Our vibrant work culture fosters collaboration and growth, offering employees opportunities to engage with senior management and contribute to strategic initiatives. With offices in London and Cardiff, we provide a dynamic environment where you can thrive professionally while making a meaningful impact in the banking sector.
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Contact Detail:

Starling Bank Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Head of Prudential Risk Audit

✨Tip Number 1

Familiarise yourself with the latest regulations and standards set by the PRA and FCA. Understanding these will not only help you in interviews but also demonstrate your commitment to staying updated in the field of prudential risk audit.

✨Tip Number 2

Network with professionals in the banking and audit sectors, especially those who have experience in financial risk. Engaging with them can provide insights into the role and may even lead to referrals or recommendations.

✨Tip Number 3

Prepare to discuss specific examples from your past experiences that showcase your ability to manage audits across financial risk areas. Highlighting your successes in similar roles will make you a more compelling candidate.

✨Tip Number 4

Demonstrate your understanding of data analytics in auditing. Since the role mentions contributing to the Data Analytics Strategy, being able to discuss how you've used data analytics in previous audits will set you apart from other candidates.

We think you need these skills to ace Head of Prudential Risk Audit

Internal Audit Experience
Financial Risk Assessment
Regulatory Compliance Knowledge
Relationship Management
Influencing Skills
Analytical Skills
Attention to Detail
Project Management
Communication Skills
Team Collaboration
Agile Working Methods
Technical Understanding of Finance, Tax and Treasury
Data Analytics Proficiency
Problem-Solving Skills
Ability to Work Under Pressure

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in internal audit, particularly in financial risk and regulatory environments. Use specific examples that demonstrate your ability to manage audits and engage with senior management.

Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the company. Mention how your skills align with Starling's mission and values, and provide examples of how you've successfully delivered audits in previous roles.

Highlight Relevant Qualifications: Clearly list any relevant degrees and professional certifications (like ACA, ACCA, CPA, or CIA) in your application. This will help demonstrate your technical understanding and commitment to the field.

Showcase Soft Skills: Emphasise your relationship management and influencing skills in your application. Provide examples of how you've positively challenged opinions and worked collaboratively in a team environment.

How to prepare for a job interview at Starling Bank

✨Understand the Role Thoroughly

Make sure you have a solid grasp of the responsibilities and expectations for the Head of Prudential Risk Audit position. Familiarise yourself with Starling's internal audit processes, especially in Financial Risk areas, so you can discuss how your experience aligns with their needs.

✨Showcase Your Experience

Prepare to discuss your 10+ years of experience in internal or external audit, particularly within financial institutions regulated by the PRA and FCA. Highlight specific audits you've delivered and the impact they had on the organisation, demonstrating your ability to challenge controls effectively.

✨Demonstrate Relationship Management Skills

Since this role involves significant interaction with Senior Management and Board-level Committees, be ready to provide examples of how you've successfully managed relationships and influenced stakeholders in previous roles. This will show your capability to engage constructively with various teams.

✨Prepare for Technical Questions

Expect questions that assess your technical understanding of Finance, Tax, and Treasury operations within the banking industry. Brush up on relevant regulations and standards, such as the IIA standards, to demonstrate your expertise and readiness to contribute to Starling's internal audit strategy.

Head of Prudential Risk Audit
Starling Bank
Location: London
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S
  • Head of Prudential Risk Audit

    London
    Full-Time
    43200 - 72000 £ / year (est.)
  • S

    Starling Bank

    500-1000
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