Chair of Supervisory Committee

Job Title: Chair of Supervisory Committee
Location: Reading
Salary: 0 - 0
Reference: Chair - Supervisory Committee
Contact Name: Manjula Phadnis
Contact Email:
Job Published: April 09, 2019 09:45

Job Description


Main purpose:

  • To assist the Board of Directors in ensuring that the Credit Union operates correctly within the law, prevailing regulations and our own rules and policies.
  • To audit operations in line with the agreed annual audit plan and Supervisory Committee’s Terms of Reference.

Principle duties and tasks:

  • Ensure that the policies and procedures of the Credit Union are followed through a continuous appraisal of the overall effectiveness of our control systems.
  • Ensure that accounting records are prepared promptly and accurately, and that they are in order.
  • Ensure that the internal audit function as required by the PRA/FCA is performed in accordance with Supervisory Committee Terms of Reference.
  • Ensure that the administration of the Credit Union is in order and recommend changes and improvements.
  • Hold a minimum of two annual committee meetings and be willing to attend any formal meeting of the Credit Union including the AGM.
  • To report in writing to the Board of Directors, at least twice a year, the results, observations, opinions and conclusions from the internal audit.
  • To submit a written report to the members annually at the Annual General Meeting.

Skills needed:

  • Experience in finance, particularly auditing.
  • Effective communicator, able to deal with staff and volunteers at all levels of our organisation
  • Logical thinker, able to understand complex information. 
  • Willing to volunteer in our Reading Head Office.

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