Independent Director for Bank Audit and Financial Reporting
Luxembourg·Banking & Financial Services·Banking and financial services· Luxembourg City·Posted 25 September 2026
Applications close 30 November 2026
Banking and financial services
Partner-sourced
Sourced through a partner search firm or the sponsor's own nomination committee, and verified before listing.
The problem this seat exists to solve
A financial institution needs deeper scrutiny of reporting judgements and the effectiveness of its assurance functions. The director will strengthen audit committee discussion while ensuring financial, risk and operational information tells a consistent story about the institution’s condition. You will challenge significant financial reporting estimates and their consistency with portfolio and risk information.
Audit and control responsibilities
1. Review external audit scope, findings and management responses through the committee process.
2. Assess internal audit coverage and whether it addresses the institution’s most material control exposures.
3. Scrutinise remediation of reporting and operational control weaknesses, requiring clear ownership and evidence.
4. Maintain constructive challenge of finance leadership and appropriate access to independent assurance.
What you need to bring
The role requires financial services governance experience and demonstrable competence in financial reporting and audit oversight; specialist accounting depth must be evidenced for chair consideration.
Additional useful experience includes professional accounting background or previous bank audit committee service.
Reporting cycle objectives
**First reporting cycle.** Review significant judgement papers and identify gaps in audit or control coverage.
**Within six months.** Establish clearer reporting on overdue remediation and the evidence supporting closure.
**Within twelve months.** Assess the quality of committee challenge and earlier identification of material reporting issues.
Authority
This is a nonexecutive appointment. The director contributes through the chair to collective board decisions and oversight; management retains responsibility for execution.
Expected commitment
An initial three-year appointment is envisaged, with approximately eighteen to twenty-four days annually for meetings, preparation and committee work. Start date, remuneration, travel and on-site attendance will be agreed for the appointment.
Terms
- Where the board sits
- Luxembourg City, Luxembourg
- Applications close
- 30 November 2026
- Appointment
- Board appointment
- Engagement
- An initial three-year appointment is envisaged, with approximately eighteen to twenty-four days annually for meetings, preparation and committee work.
- Cross-border
- International candidatures are accepted.
- Time commitment in this market
- Fund boards typically meet quarterly; management-company boards meet more often and carry substantially more committee and regulatory work.
Before you apply — Luxembourg
Company law imposes no residency or nationality test. What gates a Luxembourg board seat is CSSF approval of you personally, and the substance expectation that decisions are genuinely taken in Luxembourg.
- Residency test
- No residency requirement in company law. CSSF substance requirements mean the entity must be directed from Luxembourg, which in practice shapes how often a non-resident director must be present.
- Nationality test
- None.
- Work authorisation
- A non-executive director attending board meetings requires no permit. Executive and resident roles for non-EU nationals require a residence permit.
- Tenure limit once appointed
- No statutory cap. Institutional investors in Luxembourg fund vehicles increasingly apply their own tenure expectations, commonly around nine years, when assessing board independence.
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