At a Glance
- Tasks: Lead the Audit Committee, ensuring financial integrity and regulatory compliance.
- Company: A successful challenger bank with ambitious growth plans.
- Benefits: Flexible commitment with opportunities for strategic influence and leadership.
- Other info: Ideal for those seeking their first NED role or existing portfolio NEDs.
- Why this job: Shape the future of banking while working with top-tier professionals.
- Qualifications: Experience as CFO and knowledge of UK credit markets required.
The predicted salary is between 63000 - 77000 £ per year.
Incredibly successful challenger bank is looking for a Non Exec, Chair of Audit.
London
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.
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
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).
Skills and Experience
- 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
- 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
- #J-18808-Ljbffr
Non Exec - Chair of Audit employer: Verity Search Limited
Verity Search Limited is an exceptional employer, offering a dynamic work environment that prioritises operational excellence and employee well-being. With a commitment to a 4-day work week, employees benefit from a healthy work-life balance while engaging in meaningful projects that drive the bank's strategic goals. The company fosters a culture of collaboration and innovation, providing ample opportunities for professional growth and development within the fast-evolving banking sector.
StudySmarter Expert Advice🤫
We think this is how you could land Non Exec - Chair of Audit
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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We think you need these skills to ace Non Exec - Chair of Audit
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
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Research and Reflect:Before hitting that 'apply' button on Verity Search Limited's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Verity Search Limited
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Verity Search Limited.
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✨Network with Industry Professionals
Before your interview, reach out to current or former Verity Search Limited employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
