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Internal Audit Manager - Credit Risk (Full-time, Part-Time, Job-share)

Close Brothers
London, United Kingdom
Closing date
Dec 3, 2023

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Job Function
Credit Analysis
Industry Sector
Finance - General
Employment Type
Full Time
The Vacancy


At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don't tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life.

As part of an expanding and high performing Group Internal Audit (GIA) team, The Audit Manager will drive delivery of the audit plan and related activities to credit risk management, including IRB, in a timely manner to best practice standards, producing value-adding and high-quality internal audit services to help the organisation achieve its objectives.

  • Proven experience of working in internal audit roles, preferably with a reputable banking/financial institution, or top tier assurance experience.
  • Experience of Internal audit / enterprise credit risk management / credit origination, in-life portfolio management experience with subject matter knowledge of the end-to-end credit risk management processes ,ideally, for a retail (Motor, Premium), Commercial (Asset and Invoice Financing and Property portfolios.
  • Understanding of Basel Capital Framework incl. Credit Rating Model (PD/LGD) and Process.
  • Have a broad understanding of the Laws and Regulations impacting the credit business.
  • Strong knowledge of the banking/financial services industry, including credit risk and UK banking regulations applicable to Close Brothers.
  • Deliver high quality end to end audit activities within Group Internal Audit (GIA).
  • Lead and participate in a range of credit risk audit, including audit planning, execution, issue closure and audit reporting. Participate in special projects and ad hoc requests as needed.
  • Understand and have experience of anticipating and responding to the existing and emerging risks and issues within areas of credit regulatory framework applicable to Banks and FCA IFPRU and other regulated entities, including within the EU under the CRR/CRD IV.
  • Act as a subject matter expert on Credit Risk.
  • Stay informed of current economic developments, emerging credit risk, applicable regulations, business knowledge, risk processes, and controls relevant to the Credit Risk Management.
  • Ability to interact comfortably with senior management.
  • Knowledge of business processes and controls within the financial services industry.
  • Excellent technical product knowledge.
  • Strong understanding and working knowledge of data analytics.
We are an inclusive organisation and committed to ensuring our recruitment process is as accessible as possible to everyone. We will make adjustments for people who have a disability or long-term condition. If you need the job description or application form in an alternative format or would like to discuss the recruitment process with us, please email us at or request a call back.


For roles offering hybrid working: At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working.

Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. At Close Brothers we provide financial support and advice to small businesses and individuals in the UK. Our purpose is to help the people and businesses of Britain thrive over the long term.

To find out more about Close Brothers, please visit our careers page:

To find out more about life at Close Brothers:

To find out more about our benefits:

To find out more about our commitment to creating an inclusive environment:

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