Chair And Independent Member - Victorian Building Authority Audit And Risk Committee

Chair and Independent Member - Victorian Building Authority Audit andRisk Committee
This is an exciting opportunity for an experienced individual to be appointed as Chair and Independent Member of the VBA’s Audit and Risk CommitteeDepartment: Victorian Building Authority
Work Type: Sessional
Job Function: Other
Classification: See Advertisement
Work Location: Melbourne - CBD
Reference: VG/ARC_CHR_24
Closing Date: 26-May-2024
Salary Range: See Advertisement
Job Duration: Initial term to March 31, 2026
File Attachment:Contact: John Sullivan, Chief Governance Officer
Contact Details: john.sullivan@vba.vic.gov.auPosition DetailsRole length: Sessional, Initial term to 31 March 2026Meetings: Minimum four times per year, Half day meetingsLocation: Melbourne CBD/RemoteSalary: Up to$20,000 per annumAbout the committeeThe 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 .About the roleThis 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 forApplicants 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 applyPlease submit your application online.Applicants will need to include a two-page cover letter which addresses the selection criteria and a current curriculum vitae.From here...LocationThis search field captures job vacancies located in a specific town, city or region.Job FunctionThe Job Function provides a comprehensive lists of job categories. Choose one or multiple job functions that most suit your experience.Department/AgencyMany Departments and Agencies make up the Victorian Public sector, you can choose from all departments/agencies or select a particular one of choice.Work TypeClassificationThe numbers in the classification represent the level/grade of experience, where 1 is the least level of skill. For example, VPSG6 is a Senior Officer classification, however, this works in reverse for Executive Officer roles.Click for further information.Date AdvertisedPosition TitleWhen entering words for a position title, the search will look at each word individually and bring back results where those words appear either collectively or individually.ReferenceIf you already have a Reference No for a specific job, enter it here to speed up your search