Audit and Risk Committee - Independent Member

⁠⁠⁠A vacancy exists for an independent member of the Murrindindi Shire Council Audit and Risk Committee. The appointment will commence in August 2022 for an initial term of three years ending 30 June 2025. Council provides an honorarium which is currently set at $2,000 per year.

Audit and Risk Committee meetings are held in March, May, September and December annually. There is an expectation that members make every effort to attend meetings either in person or virtually and come prepared having read papers prior.

Context

The Audit and Risk Committee (the Committee) is an independent advisory committee of Council, established under section 53 of the Local Government Act 2020 (the Act) to provide oversight, guidance and assurance to Council and Council’s Executive.

The Committee is appointed by Council and membership includes five voting members - three independent members and two representatives of Council, with an independent member Chair.

The key responsibilities of the Committee are governed under its Charter, which are focused on the following:

• monitor the compliance of Council policies and procedures with the overarching governance principles in the Act, the Act itself and any regulations and ministerial directions
• monitor Council financial and performance reporting
• monitor and provide advice on risk management and fraud prevention systems and controls, and
• oversee internal and external audit functions.

Key Selection Criteria

To be considered for this role you will have a strong understanding of corporate governance, financial reporting and enterprise risk management. You will have previous experience serving on similar committees or boards for either public or private entities or Not-For-Profit organisations.

The following areas of expertise are preferred:

1. Local Government experience or familiarity
2. Financial Planning and Management
3. Enterprise Risk Management

The Audit and Risk Committee places a priority on having a gender balanced representation in its membership, Council will take this into account when appointing new members.