Audit, Risk & Improvement Committee - Expressions of Interest
Location601 HIGH STREET,PENRITH, NSW, ****,Australia
Base Pay$1,****** - $1,****** / Pay period
Employee TypeCommittee Member
Contact information
Contact Phone**************
Contact ******
Penrith City Council is seeking to fill two independent positions on our Audit, Risk and Improvement Committee. The Committee was established in **** to promote good corporate governance at Council. Acting as an independent advisory Committee, it provides assurance to Council to assist with its oversight responsibilities, in alignment with the Guidelines: Risk Management and Internal Audit for local government in NSW.
Applications are invited from suitably qualified individuals for appointment to Penrith City Council's Audit, Risk and Improvement Committee.
The appointment panel will aim to ensure that the independent members, in aggregate, have recent and relevant experience to review and advise on the following aspects of Council's operations: compliance, risk management, fraud control, financial management, governance, data collection, organisational performance monitoring, internal audit, business improvement and service reviews.
The Committee meets on a quarterly basis, plus an extraordinary meeting in October, and the term of appointment for members is up to four years. A typical meeting will run for up to 3 hours and requires pre-reading of the business papers (approx. 5 hrs).
Members will be paid in accordance with NSW Treasury: Prequalification Scheme: Audit & Risk Committee Independent Chairs & Members.
Requirements
an ability to read and understand financial statements and a capacity to understand the ethical requirements of government (including potential conflicts of interest)
functional knowledge in areas such as risk management,



performance management, human resources management, internal and external auditing, financial reporting, accounting, management control frameworks, internal financial controls, governance (including planning, reporting and oversight), or business operations
a capacity to form independent judgements and willingness to constructively challenge/question management practices and information
a professional, ethical approach to the exercise of their duties and the capacity to devote the necessary time and effort to the responsibilities of an independent member of an audit, risk and improvement committee, and
preparatory to undertake any training on the operation of audit, risk and improvement committees recommended by the chairperson based on their assessment of the skills, knowledge and experience of the independent member.
Extensive senior level experience in governance and management of complex public sector organisations
Possession of a relevant professional qualification or membership (e.g., Institute of Internal Auditors (IIA), CPA Australia (CPA) and Chartered Accountants Australia and New Zealand (CA).
Application Close Date: 11:59pm on 12 August ****
Penrith City Council is seeking to fill two independent positions on our Audit, Risk and Improvement Committee. The Committee was established in **** to promote valuable corporate governance at Council. Acting as an independent advisory Committee, it provides assurance to Council to assist with its oversight responsibilities, in alignment with the Guidelines: Risk Management and Internal Audit for local government in NSW.
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📌 Audit, Risk & Improvement Committee - Expressions Of Interest (Sydney)
🏢 Penrith City Council
📍 Sydney