oaknorth.ai - Head of Internal Audit

• Internal Audit Leadership • Lead and manage OakNorth’s the Bank’s Internal Audit function as the third line of defence, providing independent assurance to senior management and the Board internationally. This covers OakNorth Bank, ONGPL and ON’s US holdings. . • Maintain a strong understanding of the key current and emerging risks affecting the Bank, including credit, operational, technology, regulatory, conduct and AI-related risks. • Have a continuous improvement mindset and lead the team to continuously assess and improve their approach and methodologies. This includes a focus on efficient use of tooling, data and AI. • Provide independent oversight of the effectiveness of risk management, governance processes, and internal controls across the organisation. • Ensure the Internal Audit function maintains sufficient expertise to assess technology, data, and AI-related risks across the Bank. • Build strong relationships with senior stakeholders while maintaining independence and objectivity. • Work closely with the CRO and second line teams Assurance CoE in the execution of the combined assurance plan. • Audit Planning & Execution • Define the Audit Universe and Own the development and delivery of the Internal Audit annual plan, ensuring it is risk-based and aligned with regulatory expectations. • Lead the audit planning process, including scoping, logistics, staffing, and audit programme definition. • Coordinate the timely execution of audits, utilising internal resources as well as co-sourced or third-party providers where appropriate. • Ensure adequate audit coverage of all risk types with a focus on credit, prudential, regulatory, technology platforms, AI models, data governance, cyber security, and model risk management frameworks. • Oversee audits across the Bank to ensure appropriate coverage of key risk areas and regulatory requirements. • Ensure audit activities demonstrate the firm’s compliance with SYSC 6.2, US requirements for Internal Audit in Financial Services (e.g. OCC Comptroller Handbook for Internal Audit), and other applicable regulatory frameworks Global Internal Audit Standards and the Financial Services Internal Audit Code. • Reporting & Recommendations • Present written audit results to senior management and the Audit Committee, demonstrating an independent and objective view in a clear, succinct, and comprehensive manner. • Provide practical and meaningful recommendations to address control weaknesses and improve risk management practices. • Track audit findings and ensure timely remediation of identified issues. • Governance & Regulatory Engagement • Lead the execution of legal entity governance audits and regulatory compliance audits across the Bank.• Maintain strong engagement with the Audit Committee, regulators, and senior leadership, ensuring transparency and effective communication. • Ensure the Internal Audit function operates in line with PRA F and FCA, and for the US operations Federal Reserve and NYDFS expectations, relevant professional standards, and evolving regulatory guidance on AI governance and technology risk. • Co-sourced Audit Management • Manage relationships with co-sourced or outsourced internal audit providers, ensuring the quality of output and service meets regulatory expectations. • Oversee the effective use of external audit specialists, particularly in areas such as technology, cyber security, and AI auditing. • Ensure budgets for co-sourced or outsourced services are appropriately managed.