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Job Title: Non-Executive Director (NED) - Audit
Location: London
Reports to: Board of Directors
Role Overview: My client, an International Bank, is seeking an experienced Non-Executive Director (NED) to join our Board and chair the Audit Committee. The ideal candidate will have a minimum of 5 years of experience as a NED and hold the SMF 2 function. This role is critical in ensuring the integrity of our financial reporting and the effectiveness of our internal controls and risk management systems.
Key Responsibilities:
- Chair the Audit Committee and oversee its activities.
- Provide independent oversight and challenge to the executive management on audit and financial matters.
- Ensure the integrity of financial statements and compliance with regulatory requirements.
- Review and monitor the effectiveness of the internal audit function.
- Oversee the relationship with external auditors, including the appointment, performance, and independence of the auditors.
- Assess the effectiveness of internal controls and risk management systems.
- Ensure the bank's compliance with legal and regulatory requirements.
- Provide strategic guidance and support to the Board on audit and financial matters.
- Participate in Board meetings and contribute to the overall governance of the bank.
- Commitment of 14 days of meetings per annum with 30 days overall commitment
Qualifications:
- Minimum of 5 years of experience as a Non-Executive Director.
- Must hold the SMF 2 function.
- Extensive experience in audit, risk management, and financial oversight.
- Strong understanding of regulatory requirements and corporate governance.
- Excellent analytical and problem-solving skills.
- Strong communication and interpersonal skills.
- Ability to provide independent judgment and constructive challenge.
- Experience in the banking or financial services sector is preferred.
Personal Attributes:
- High level of integrity and ethical standards.
- Strong leadership and decision-making abilities.
- Ability to work collaboratively with other Board members and executive management.
- Commitment to continuous professional development.
