Independent Director for Bank Audit and Financial Reporting

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.