Independent member, Audit & Risk Committee

Job Title: Independent member, Audit & Risk Committee
Contract Type: Contract
Location: London
Salary: 0 - 0
Reference: City ARC recruitment
Job Published: September 06, 2018 11:15

Job Description

City, University of London is seeking to appoint an experienced accountant with audit/ risk/ governance expertise to become an independent member of Audit and Risk committee.

Key parameters: Initial term of 3 years. Meetings 4 times per year plus some dinners.The role is unremunerated.Interested parties should send CV to Sarah Lawton at

Closing date: 5 October 2018

Key accountabilities: Ensuring that the Audit & Risk Committee complies with and fulfils its functions as set out in the Committee’s Terms of Reference, which include:

Financial Reporting: review, and challenge where necessary, the financial statements and the Annual Report and Accounts before submission to the Council, including the VFM self-assessment and Statement.

Audit: review and challenge the work of the Internal and External Auditors.

Risk Management: oversee City’s Risk Management Framework, processes and procedures.

Compliance: review, and challenge where necessary, City’s compliance with legal and regulatory requirements including those relating to Data Protection, Health & Safety and Equality & Diversity and other regulatory frameworks.

Fraud & Whistleblowing: ensure appropriate policies and procedures are in place relating to Fraud prevention and whistleblowing. 

Desired experience: substantial experience in one or more of Risk, Compliance, Governance, and Audit. Experience of operating in a regulated environment. Experience of board membership or involvement in meetings of committees. Recent and relevant financial experience at a strategic level; a financial qualification is essential.Relevant business knowledge and commercial experience, including business planning and performance management. Experience of operating effectively at a senior level in a similarly complex organisation and an ability to manage personal and corporate relationships.

Skills/ knowledge: Strong understanding of risk assessment, management and mitigation techniques.Ability to interpret information, analyse complex data, make sound judgements, appraise performance and manage risk.Ability to analyse information in the context of strategy delivery.Detailed understanding of the complementary importance of financial and operational issues.A strong commitment to good governance.Ability to work as a member of a team, and likes working with people, thinks corporately with a collaborative style and accepts corporate responsibility for decisions.