Non Executive Director

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:

1. Chair the Audit Committee and oversee its activities.
2. Provide independent oversight and challenge to the executive management on audit and financial matters.
3. Ensure the integrity of financial statements and compliance with regulatory requirements.
4. Review and monitor the effectiveness of the internal audit function.
5. Oversee the relationship with external auditors, including the appointment, performance, and independence of the auditors.
6. Assess the effectiveness of internal controls and risk management systems.
7. Ensure the bank's compliance with legal and regulatory requirements.
8. Provide strategic guidance and support to the Board on audit and financial matters.
9. Participate in Board meetings and contribute to the overall governance of the bank.
10. Commitment of 14 days of meetings per annum with 30 days overall commitment.

Qualifications:

1. Minimum of 5 years of experience as a Non-Executive Director.
2. Must hold the SMF 2 function.
3. Extensive experience in audit, risk management, and financial oversight.
4. Strong understanding of regulatory requirements and corporate governance.
5. Excellent analytical and problem-solving skills.
6. Strong communication and interpersonal skills.
7. Ability to provide independent judgment and constructive challenge.
8. Experience in the banking or financial services sector is preferred.

Personal Attributes:

1. High level of integrity and ethical standards.
2. Strong leadership and decision-making abilities.
3. Ability to work collaboratively with other Board members and executive management.
4. Commitment to continuous professional development.