Location
London, Bristol & Edinburgh

Hours
Full-time, hybrid working pattern requiring at least two days per week (40% of time) at one of our location hubs (Bristol, London or Edinburgh)

Salary
£124,653 - £181,610 (Dependent on location)

About the Role
This Head of Audit role offers an excellent opportunity to lead the Models Audit team within Group Audit. You will work in a leading audit function, gaining exposure to a wide range of risk modelling, capital assessment, and analytical techniques across our banking and insurance businesses. You will build trust, respect, and confidence among colleagues to foster strong relationships and collaboration, including managing a team. Your role will involve proactively identifying areas to add strategic and sustainable value for the organisation and our customers.

Key responsibilities include leading and developing your team as a Development Manager, translating complex modelling concepts into clear insights for senior stakeholders and regulators, connecting model risk to business strategy, owning and evolving the audit coverage strategy for the model risk universe, and driving integrated audit thinking across business and functional audit teams. You will deliver high-quality, timely, risk-based audits aligned with regulatory expectations, provide challenge and support to your team, and be a trusted partner to business stakeholders.

You will also strengthen the team’s model risk capability, building a market-leading function that delivers valued insights through expertise, data analytics, and innovative audit approaches. Additionally, you will shape and implement the strategic vision for the Models Centre of Excellence to drive excellence and innovation in model risk auditing.

Experience
- Proven track record of delivery and leading audit teams
- Strong understanding of internal audit approaches, audit universe, and designing auditable entities
- Experience producing concise and impactful audit opinions, board papers, audit reports, and guiding team members in effective working papers
- In-depth knowledge of the model life cycle and associated risks
- Effective model risk management and governance, with understanding of model risk principles (SS1/23, SR11/07 & SS3/18)
- Knowledge of capital management frameworks and regulatory capital treatments (CRR, SS3/24, SS4/23, FRTB, Basel requirements & Solvency II)
- Understanding of traditional AI, machine learning, and Generative AI models, risks, and validation approaches
- Experience with statistical analysis and qualitative techniques for model development and validation in areas such as credit risk regression models, stress testing and scenario analysis, market risk and traded products valuation, asset liability management, compliance and operational management models, liquidity and capital stress testing, and insurance actuarial models

About you
- Highly technically oriented with strong academic qualifications in a quantitative discipline
- Comfortable reviewing, challenging, and identifying areas for improvement in model methodologies and assumptions
- Excellent analytical, presentational, report writing, and communication skills
- Ability to translate complex technical concepts into clear, relatable insights for senior stakeholders and regulators
- Collaborative mindset with ability to build strong relationships across teams and stakeholders

Qualifications
- Strong academic background in a quantitative discipline is essential
- Relevant professional qualifications or experience in audit, risk management, or quantitative modelling are highly desirable