T082/2022 Expressions of Interest - External Independent Member to the Tamworth Regional Council Audit, Risk and Improvement Committee

Council is inviting for Expressions of Interest from suitably qualified individuals for appointment as an external independent member to the Tamworth Regional Council Audit, Risk and Improvement Committee.

The Audit, Risk and Improvement Committee is a key component of Council's governance framework. The Committee will be responsible for assisting Council to fulfil its governance and oversight responsibilities.

The Audit, Risk and Improvement Committee is comprised of three independent external members.  Council will be expecting the new member to commence duties at the Audit, Risk and Improvement Committee meeting to be held on 15 February 2022.

Audit, Risk and Improvement Committee members are expected to meet the following criteria:

  • have the qualities and personal attributes needed to serve the council effectively in their role as a committee member;
  • have a functional knowledge in areas that would provide a valuable contribution to the committee and council such as:
  • local government;
  • internal audit and external audit;
  • risk management;
  • governance;
  • performance management;
  • financial management and reporting;
  • accounting;
  • human resources management;
  • internal control frameworks;
  • fraud and corruption prevention;
  • IT/cyber security;
  • the local community; or
  • another relevant subject matter; and
  • undertake any training on the operation of audit, risk and improvement committees recommended by the chair based on their assessment of the skills, knowledge and experience of the committee member.

A member of an audit, risk and improvement committee must also demonstrate the following personal qualities and attributes:

  • a commitment to the independence of their role;
  • integrity;
  • a capacity to dedicate sufficient time and energy;
  • financial literacy, including an ability to read or understand basic financial statements, ask pertinent questions about them, and interpret and evaluate answers;
  • an ability to give direct and honest opinions and offer different perspectives and constructive suggestions; and
  • inquisitiveness and independent judgment.

The Committee will meet at least four times a year in February, April, July and October and is a formally appointed Committee of Council. The appointment will be for a four year term.  The current meeting fee is $1,653.42 per meeting plus travel and accommodation costs as agreed by Council.

To submit a nomination for appointment to the Audit, Risk and Improvement Committee, obtain the Audit, Risk and Improvement Committee Charter and complete the nomination available from Tenderlink or our website: Tenders, Quotations and Expressions of Interest | Tamworth Regional Council (nsw.gov.au)

Completed Nomination Forms should be lodged at Council no later than Thursday 2 December 2021 at 11.00am AEDT via Tenderlink.  Enquiries should be directed to Karen Litchfield, Internal Auditor on (02) 6767 5514. Council's Code of Conduct must be strictly adhered to.