Internal Audit Director, Compliance
Posted 2 days ago by Gresham Hunt
£160,000 Per year
Undetermined
Undetermined
London Area, United Kingdom
Summary: The Internal Audit Director for a banking client will oversee the Compliance portfolio on a contract basis, leading strategic audit coverage for Compliance and Financial Crime departments. This role involves providing independent assurance to the Board regarding compliance frameworks, including market abuse and AML. The Director will also manage high-impact audits and liaise with regulators while presenting findings to senior management.
Key Responsibilities:
- Develop and execute a multi-year, risk-based audit plan for the Compliance portfolio.
- Lead high-impact audits of the AML/CTF and Sanctions frameworks.
- Provide assurance over the bank's use of Agentic AI in trading and compliance.
- Audit the bank's capability to monitor "off-channel" communications.
- Act as the primary IA point of contact for regulators during thematic reviews.
- Present objective findings to the Audit Committee and Executive Committee.
Key Skills:
- Mandatory Chartered Internal Auditor (CMIIA), ACA/ACCA, or CIA.
- Additional certification like CAMS (Anti-Money Laundering) is highly preferred.
- 10+ years in Internal Audit within a Tier 1 investment bank or a "Big 4" firm.
- Deep knowledge of Basel 3.1, MiFID II/MiFIR, and Dodd-Frank.
Salary (Rate): £160,000.00 yearly
City: London Area
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Finance
My banking client is looking for an Internal Audit Director to own the Compliance portfolio on a contract basis. The Internal Audit Director is responsible for leading the strategic audit coverage of the regional Compliance and Financial Crime departments. You will provide the Board with independent assurance that the bank’s compliance frameworks—specifically around market abuse, AML, sanctions, and conduct risk.
Key responsibilities
- Audit Strategy & Planning: Develop and execute a multi-year, risk-based audit plan for the Compliance portfolio
- Financial Crime Oversight: Lead high-impact audits of the AML/CTF and Sanctions frameworks, ensuring transaction monitoring systems accurately reflect 2026 scam methodologies and avoid excessive false positives.
- AI & Digital Governance: Provide assurance over the bank's use of Agentic AI in trading and compliance, testing for algorithmic bias, transparency, and human-in-the-loop controls.
- Surveillance & Record Keeping: Audit the bank's capability to monitor "off-channel" communications (e.g., WhatsApp, Signal) and ensure all records meet the requisite integrity standards to avoid systemic supervisory failure.
- Regulatory Liaison: Act as the primary IA point of contact for regulators (FCA/PRA) during thematic reviews, specifically regarding the Senior Managers and Certification Regime (SM&CR) and non-financial misconduct.
- Stakeholder Management: Present objective, high-stakes findings to the Audit Committee and Executive Committee (ExCo), challenging senior management on the bank's risk culture and "tone from the top".
Required Experience & Qualifications
- Professional Certification: Mandatory Chartered Internal Auditor (CMIIA), ACA/ACCA, or CIA. Additional certification like CAMS (Anti-Money Laundering) is highly preferred.
- CIB Expertise: 10+ years in Internal Audit within a Tier 1 investment bank or a "Big 4" firm, with deep knowledge of Basel 3.1, MiFID II/MiFIR, and Dodd-Frank.