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Expressions of Interest for Audit and Risk Committee member

Monday, 25 November 2024

Introduction

The Board, management and staff of the FSAI are committed to the development and implementation of effective governance and control arrangements within the organisation. The Board has established an Audit and Risk Committee as part of its governance arrangements.

Expressions of Interest

There is a current vacancy on the Audit and Risk Committee for an external non-Board member. The FSAI is inviting expressions of interest from suitably qualified candidates to fill this vacancy, bringing independent value and enhancing the overall effectiveness of the committee.

Role of the Audit and Risk Committee 

The Audit and Risk Committee has an independent role in the provision of assurance to the Board on internal control, risk management, audit and assurance matters, as part of the systematic review of the control environment and governance procedures of the FSAI. 

Membership and Meetings

The Audit and Risk Committee has a membership of three Board members and one external member.  The Audit and Risk Committee meets at least four times each year. Generally, meetings take place on Monday mornings, two meetings are held in person at the FSAI offices, and two meetings are held remotely.  Additional meetings are convened, if circumstances require. 

Candidate Criteria

The successful candidate should be a qualified accountant with recent and relevant experience working in an accounting environment. Some knowledge or experience of audit and public sector accounting is required. Other desired areas of experience include risk management, internal audit, governance, relevant technical or specialist issues, an understanding of the public sector environment, in particular the accountability structures, and current public sector reform initiatives.

Duration and Terms of Appointment

The appointment will be for an initial period of three years.  The position is not remunerated, but any travel expenses incurred can be reclaimed via the FSAI travel and subsistence process. 

Application and Selection Process

Interested candidates should submit a short CV (incl. LinkedIn profile, if available) by email to arc@fsai.ie briefly outlining their suitability for the role.

A list of suitably qualified candidates will be presented to the FSAI Board for consideration and decision. Appointment to the Audit and Risk Committee will be made by the FSAI Board. 

Data Protection

All information submitted will be held securely and in strictest confidence. Access is confined to those who require it. In providing this information, you are giving consent for it to be used for the purposes specified. Further information about the FSAI and data protection may be found in our Data Protection Statement or you may contact our data protection officer at DPO@fsai.ie 

Closing date for expressions of interest: 16 December 2024 at 12.00pm