Woollahra Council is committed to open and transparent governance that satisfies the community expectations and best practice standards.
As part of the overall governance framework Council’s Audit, Risk & Improvement Committee (ARIC) plays an important role in strengthening risk management and corporate governance practices within Council. This is in line with the current Office of Local Government (OLG) guidelines on Audit, Risk & Improvement Committees.
Through this Expression of Interest (EOI) process, Council is seeking to appoint a person with appropriate skills for the role of an independent member of the Audit, Risk and Improvement Committee.
Audit, Risk and Improvement Committee (ARIC)
The objective of Council’s ARIC is to enhance the Council’s existing governance framework, risk management practices, control, strategy and performance environment by providing independent assurance, oversight and assistance to the Council on key aspects of its operations.
ARIC’s role is to review aspects of Council’s operation and provide advice and guidance to Council for the purpose of improving the performance of its functions.
The approach the Committee adopts, in its interaction with senior management, will have a direct bearing on the effectiveness of the Committee. It is the responsibility of the Committee to promote a positive culture of continuous improvement to ensure its effectiveness.
The membership of the Audit, Risk and Improvement Committee is currently comprised of one (1) elected Councillors and two (2) independent members. However, in line with Draft OLG Risk Management & Internal Audit Guidelines, the independent membership will increase to three (3) in the future.
ARIC members will be appointed by a resolution of Council following an EOI and/or Interview process.
Council will generally seek to ensure a rotational expiry of terms for Committee members.
Eligibility and Selection Criteria
The following are the criteria that will be the basis for the selection of successful applicants:
Appointment of Committee Members
Council will appoint ARIC members following an Expression of Interest and interview process. Terms of appointment will be in accordance with the Committee Charter.
Role and Responsibilities
The key role of the ARIC is to provide independent assurance, an oversight function and assistance to the General Manager and governing body of Council in the following areas:
Duties of Members
The duties of the members will be in accordance with the Charter of the Audit, Risk and Improvement Committee, and include:
It is proposed that the Committee will meet on a quarterly basis with one of these meetings to include review and endorsement of the annual audited financial reports and external audit opinion. In total, there are 4 meetings in a year and an informal meeting to review the Financial Statements.
A typical meeting will run for up to 3 hours and preparation will involve review and critical analysis of papers.
The Chairperson may convene meetings as required and in accordance with the Audit, Risk and Improvement Committee Charter.
Currently, Council’s ARIC meetings are held face to face at Council’s office at 536 New South Head Road Double Bay. In the past, meetings have been held in a virtual environment because of Public Health Orders and will be available again should circumstances require it.
Committee members are required to comply with the following requirements:
Council nominated remuneration for independent member of the Audit, Risk and Improvement Committee is $1,500 per meeting (excluding GST) and for the Chair it is $2,000 (excluding GST) per meeting. This rate is inclusive of time spent on preparation for the meeting and travel.
Induction and training
At the beginning of the Audit, Risk and Improvement Committee term, all Committee members will participate in an induction and training session face-to-face, or via video conference or e-learning. Where any further external training is deemed necessary, these costs will be paid by Council.
As part of this recruitment process you may be required to participate in pre-engagement screening which may include but not be limited to the following: National Criminal Background Check, Reference Checking & COVID-19 Vaccination immunisation requirement.
Independent Member Information Package
Please read the information pack and Charter to familiarise yourself with all the requirements and conditions of the role.
Council invites interested members from the community to submit an Expression of Interest to Council by 9am, Monday 23 May 2022. Interested parties should attach a separate document addressing the selection criteria as stated above and complete the online EOI application form as advertised.
Download the EOI form here
Please note you can only upload two documents to your application, so please combine your documents if required.
All enquiries or requests for information should be directed to Mr Tremayne Lilly, Coordinator Risk & Improvement on telephone (02) 9391 7960; or e-mail: Tremayne.Lilly@woollahra.nsw.gov.au