Audit Manager - Prudential Risk

OneSavings Bank PLC; City Of London; Hybrid; GBP 56,000 - 75,000; Full time

Job summary

OneSavings Bank PLC is seeking an Audit Manager to join its Group Internal Audit team. This role involves delivering independent audits, supporting risk management, and collaborating with various teams to ensure the effectiveness of internal controls. With a competitive salary and benefits package, this position offers a unique opportunity to hone your expertise in prudential risk while contributing to the bank's digital transformation journey.

Benefits

Enhanced family-focused benefits

Hybrid-working

Annual bonus opportunity

Qualifications

• A minimum of 2 years experience in internal audit or similar role.
• Experience in one or more prudential risk areas.
• Strong knowledge of UK financial services and prudential regulation.

Responsibilities

• Deliver audits across areas ensuring independent assurance.
• Work with Senior Audit Managers and identify improvements.
• Support ongoing business monitoring and stakeholder engagement.

Skills

Risk and control principles

Data analytics

Communication skills

Education

Bachelor’s degree in business, accounting, or related field

Job description

About the team

You will be joining our high-performing Group Internal Audit (GIA) team that plays a key role in providing independent assurance across the Group.

GIA is a dynamic, proactive, and collaborative team that works in a cross-functional way to deliver assurance of the Group’s key risks and controls.

The team uses leading audit tools and is committed to continuous improvement, learning, and development to maintain the capability to deliver value-adding, insightful assurance as the Group undertakes digital transformation.

The role can be based from our London, Wolverhampton or Chatham office with occasional travel between offices, we also operate a hybrid policy.

What you will be doing?

As an Audit Manager you will support the delivery of audits across a number of areas playing an important role in delivering independent, insightful assurance to senior leaders, helping to strengthen the Group’s internal controls, risk management, and governance.

You will be part of the Prudential Risk team covering areas such as credit, liquidity, solvency, and model risk. There will also be opportunities to support on audits of non-financial risks related to business and conduct.

Your responsibilities will include:

• Working with the Senior Audit Managers to deliver value-adding audits in line with methodology, including:
  • Working independently, identifying and testing controls as part of internal audit assignments.
  • Agreeing issues and improvement opportunities with management, and developing practical, innovative solutions that address root causes.
  • Communicating observations to management.
• Collaborating with colleagues in the Business & Conduct, and IT & Change Internal Audit teams through integrated audits.
• Validating the completion of management actions, ensuring they appropriately address the issues identified.
• Supporting ongoing business monitoring through stakeholder engagement, review of management information, and data analytics, suggesting changes to the Internal Audit Plan to address emerging risks.
• Contributing to the dynamic Audit Universe risk assessment process to ensure assurance remains focused on the most relevant areas as the Group’s risk profile evolves.

This is a great opportunity to develop subject matter expertise in a prudential risk area while maintaining variety in your work and gaining broad business exposure.

What's in it for you?

We offer a base salary of between £56,000 - £75,000 dependent on experience and location and a competitive benefits package including:

• Enhanced family-focused benefits
• Hybrid-working
• Annual bonus opportunity

Please use this link to see the fantastic benefits available at OSB: OSB Careers

About us

At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become ‘the bank of the future’.

Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.

Do you have the skills?

We are looking for talented individuals who have the experience and knowledge set out below:

• A minimum of 2 years experience in internal audit, risk management, or a similar role
• Strong knowledge of risk and control principles
• Experience in one or more prudential risk areas
• Experience using data analytics to support audits
• Excellent communication skills to clearly present findings and recommendations
• Understanding of UK financial services and prudential regulation
• A bachelor’s degree or equivalent experience in business, accounting, or a related field

Next steps

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

Still on the fence? Hear from our team or explore our process: OSB Careers

Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational – inclusive any individual reasonable support required. We want to bring out the best in you!

Diversity, Equity & Inclusion

Not sure if you meet the spec? Let us decide.

Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally.

We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.