Internal Audit, Technology

Our client is a small foreign bank based in London, their focus is across Corporate and Private Banking. The Head of Internal Audit is responsible for providing independent, objective assurance to the Board and Executive Management on the effectiveness of governance, risk management, and internal control processes. This role is crucial in ensuring the bank operates in a safe, compliant, and efficient manner in line with regulatory requirements, particularly those set by the FCA and PRA. Internal Audit Function Management: Lead and manage the internal audit function in accordance with the Internal Audit Charter. Develop and execute a risk-based audit plan that reflects the bank’s strategic objectives, operational risks, and regulatory obligations. Maintain and update audit methodologies and processes appropriate for a small banking institution. Oversee the planning, execution, and reporting of audits across all areas of the bank including credit, operations, treasury, compliance, IT, and finance. Identify control weaknesses and recommend practical, risk-based solutions. Monitor the implementation of agreed audit recommendations. Report directly to the Audit Committee and maintain effective communication with the CEO and Senior Management. Provide assurance and advice on governance, internal controls, and risk management processes. Ensure audit practices comply with the International Standards for the Professional Practice of Internal Auditing (IIA Standards). Stay updated on changes in regulatory requirements and assess their impact on internal controls. ACA/ACCA/CIA or equivalent internal audit/accountancy qualification. Relevant degree in finance, accounting, economics, or related field. Proven experience in internal audit within banking or financial services. Strong understanding of UK financial regulation (FCA/PRA). Previous leadership or senior audit role, ideally in a small or mid-sized financial institution. Strong communication and report-writing skills.