Head of Internal Audit / SMF-5

Sterling Williams are working alongside a Wholesale Bank in London who are actively looking to hire a permanent Head of Internal Audit.

Head of Internal Audit

Permanent

City of London based (4 days in the office, 1 day working from home)

Salary: competitive

The Head of Internal Audit (HIA) is responsible for leading the internal audit function across the branch to ensure that the Branch’s operations and controls are effective, efficient, and in compliance with applicable laws, regulations, and internal policies. The HIA will provide independent assurance to Head Office and senior management on the adequacy of internal controls and governance processes.

Core Responsibilities:

• In conjunction with Head Office and General Manager, develop and execute an internal audit strategy for the Bank’s London Branch that aligns with the Bank’s overall risk appetite and strategic objectives;
• Promote a strong internal control culture across the Branch;
• Take responsibility for the Internal Audit processes and procedures;
• Produce an annual internal audit plan for discussion with the General Manager before submitting the plan to Head Office for approval prior to implementation;
• Undertake internal audit reviews and prepare audit reports to include recommendations, where appropriate; comments from Head of Department as well as General Manager will be sought for and documented prior to the submission to Head Office Internal Audit as a Final Audit Report;
• Provide independent assurance over financial reporting, regulatory compliance, operational effectiveness, IT controls, etc;
• Maintain open and effective communication with regulators, external auditors, and other assurance functions;
• Coordinate with second-line functions to ensure comprehensive coverage of key risks, emerging risks, regulatory developments, and industry trends to proactively adjust the audit approach;
• Act as the key point of contact for internal audit matters;

Key Skills & Experience the successful candidate will likely have:

• Previous experience as FCA/PRA approved SMF 5.
• Significant experience (10+ years) in financial services, preferably within wholesale international banking with a minimum of 5 years as Head of Internal Audit;
• Strong knowledge of banking regulations (PRA/FCA), risk management frameworks, and governance best practices.
• Proven ability to manage a small team and manage senior stakeholder relationships, internally and externally, across a wide and diverse set of backgrounds.
• Demonstrated experience in risk-based auditing and the development of audit methodologies.
• Commercial awareness and flexibility
• Experience in international banking operations and cross-border regulatory environments.
• Degree in Accounting, Finance, Business, or a related field.
• Professional certifications such as: Chartered Institute of internal Auditor (CIA), Chartered Accountant (ACA, ACCA).