Job Description
At OakNorth, we’re on a mission to empower the UK’s most ambitious businesses. Since 2015, we’ve lent over $21 billion across the UK and US, helped create more than 58,000 new homes and 36,000 new jobs, and supported hundreds of thousands of personal savers — all while fuelling the UK economy.
We are seeking an independent Head of Internal Audit to lead the Bank’s Internal Audit function and act as the primary owner of the third line of defence. The role is responsible for providing independent assurance to the Board and and Audit Committee regarding the effectiveness of the Bank’s governance, risk management, and internal control frameworks. In addition, the role supports leadership of the Assurance Centre of Excellence to deliver the combines assurance plan which integrates the work of our risk and compliance assurance activity and the activity of the Internal Audit team.
The Head of Internal Audit will develop and deliver the Audit Risk Assessment and Internal Audit plan, oversee the execution of risk-based audits and advisory work across the organisation. The role will help to ensure compliance with relevant regulatory frameworks, including PRA/ FCA expectations and Federal Reserve and NYDFS expectations for our NY Rep Office
Given the bank is a cloud native fintech the Head of Audit needs to have a good understanding of data and technology required for a digital first international bank. In addition to this, the Head of Audit should have a good understanding of the emerging risks around AI models, agentic processes and technology platforms. The other critical area for the Bank is credit, and the successful individual should understand the credit cycle and risks arising from SME lending.
At OakNorth, we’re on a mission to empower the UK’s most ambitious businesses. Since 2015, we’ve lent over $21 billion across the UK and US, helped create more than 58,000 new homes and 36,000 new jobs, and supported hundreds of thousands of personal savers — all while fuelling the UK economy.
We are seeking an independent Head of Internal Audit to lead the Bank’s Internal Audit function and act as the primary owner of the third line of defence. The role is responsible for providing independent assurance to the Board and and Audit Committee regarding the effectiveness of the Bank’s governance, risk management, and internal control frameworks. In addition, the role supports leadership of the Assurance Centre of Excellence to deliver the combines assurance plan which integrates the work of our risk and compliance assurance activity and the activity of the Internal Audit team.
The Head of Internal Audit will develop and deliver the Audit Risk Assessment and Internal Audit plan, oversee the execution of risk-based audits and advisory work across the organisation. The role will help to ensure compliance with relevant regulatory frameworks, including PRA/ FCA expectations and Federal Reserve and NYDFS expectations for our NY Rep Office
Given the bank is a cloud native fintech the Head of Audit needs to have a good understanding of data and technology required for a digital first international bank. In addition to this, the Head of Audit should have a good understanding of the emerging risks around AI models, agentic processes and technology platforms. The other critical area for the Bank is credit, and the successful individual should understand the credit cycle and risks arising from SME lending.