AddressRole length: Sessional, Initial term to 31 March 2026
Meetings: Minimum four times per year, Half day meetings
Location: Melbourne CBD/Remote
Salary: Up to$20,000 per annum
About the committee
The Victorian Building Authority's (VBA) Audit and Risk Committee is appointed by the VBA Commissioner to assist with fulfilling the obligations of the Standing Directions 2018 under the Financial Management Act 1994 and is responsible for providing independent oversight and advice to the VBA Commissioner on the effectiveness of the VBA's systems and controls for financial management (including asset management), risk management, performance and sustainability.
For more information about the VBA visit https://www.vba.vic.gov.au/.
About the role
This is an exciting opportunity for a suitably qualified experienced individual to be appointed as Chair and Independent Member of the VBA's Audit and Risk Committee.
The scope, responsibilities and operational processes of the Audit and Risk Committee are outlined in the Committee's Terms of Reference.
For more information about the role please refer to the VBA Audit and Risk CommitteeChair and Independent Member position description.
Who we're looking for
Applicants will be short-listed on the basis of qualifications, skills and experience in relation to the criteria outlined below.
Key selection criteria
- Ability to read and understand financial statements, including income and expense statements, balance sheets and cash flow statements.
- A reasonable knowledge of VBA functions, or the ability to acquire this knowledge prior to term commencement.
- Experience in independently reviewing and assessing the effectiveness of systems and controls for:
- Financial Management
- Performance and Sustainability, and
- Risk Management
- Experience in overseeing an internal audit function.
- Experience in exercising independent judgement and providing objectivity in deliberations, decisions and advice.
- Knowledge and experience working on Committees as a non-executive - preferably in Government.
- Capacity to undertake your role free from any management, business or other relationship that could reasonably be perceived to materially interfere with an ability to act impartially in the best interests of the VBA.
At least one member of the Audit and Risk Committee must have appropriate expertise in financial accounting and auditing, including (but not limited to):
- a thorough knowledge of Australian accounting standards and financial statements
- experience in preparing or auditing general purpose financial statements, and
- experience with internal controls and procedures for financial reporting.
Additional responsibilities of the Chair are set out in the VBA Audit and Risk CommitteeChair and Independent Member position description.
What you need to apply
Please submit your application online.
Applicants will need to include a two-page cover letter which addresses the selection criteria and a current curriculum vitae.
