Job Title: Chair of the Audit Committee
Location: London, United Kingdom
Reporting to: Chair of the Board
Commitment: Part-time, Non-Executive Role
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.
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.
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.
Term and Remuneration
- Appointment is for 24 days per year
- Competitive remuneration commensurate with experience and regulatory expectations for non-executive roles.
FD Capital are leading NED recruiters.
Adrian Lawrence FCA with over 25 years of experience as a finance leader and a Chartered Accountant, BSc graduate from Queen Mary College, University of London.
I help my clients achieve their growth and success goals by delivering value and results in areas such as Financial Modelling, Finance Raising, M&A, Due Diligence, cash flow management, and reporting. I am passionate about supporting SMEs and entrepreneurs with reliable and professional Chief Financial Officer or Finance Director services.
