Independent member for Audit and Risk Committee

Job Description

Independent Member for Audit and Risk Committee - Essential Services Commission The Essential Services Commission is seeking to appoint an Independent Member to its Audit and Risk Committee. The Committee reports to the commission and is responsible for independent oversight, advice, and assurance related to financial management, risk oversight, integrity management, internal and external audit functions, business continuity, and compliance. About the role The Independent Member is expected to have knowledge and experience in financial management, accounting, risk, compliance, and integrity oversight, as well as internal and external audit functions. An understanding of the requirements of the Standing Directions 2018 issued under the Financial Management Act 1994 , the Victorian public sector, and Information Technology governance is desirable. Working collaboratively with the Chair and other Committee members, the responsibilities of the Independent Member will include: Discharging the Committee's roles and responsibilities per the Audit & Risk Committee Charter and the Standing Directions 2018. Setting the annual work program for the Committee. Distilling key matters and strategic issues from Audit & Risk Committee meetings for appropriate escalation. Liaising with Commission staff to ensure efficient and effective advice is provided to address matters within the remit of the Committee. The Audit and Risk Committee is required to meet at least quarterly at the offices of the Essential Services Commission located in the Melbourne CBD. Members may be asked to participate in additional commission meetings or activities from time to time. Members are paid a daily fee in accordance with Schedule C of the Appointment and Remuneration Guidelines published by the Department of Premier and Cabinet. The term of this appointment is three years. What we are looking for We are looking for a strategic and collaborative person, keen to bring their expertise and experience to the Committee, with: Demonstrated expertise in financial management, accounting standards, and reporting standards, particularly in public sector financial management frameworks. Experience in organizational risk oversight and management (financial, operational, strategic, and compliance). Understanding and/or experience in compliance and integrity oversight and management. Understanding of internal and external audit functions, including standards and reporting processes. Knowledge of public entity governance or other expertise relevant to the functions of the Committee (such as IT governance). Professional qualifications in accounting, finance, or a related field are desirable. If you have varying levels of knowledge or experience across these areas, please still consider expressing interest. We are looking for a fourth member to complement existing Committee members, and will assess your overall skillset and experience to find the best fit. How to express interest If you are interested in this position, please prepare a cover letter and CV outlining your suitability for the role. Please send your application and any inquiries about the role to . We are accepting applications until Tuesday 25th February. #J-18808-Ljbffr