Council Committee Member - Audit and Risk Management

• Seeking expressions of interest to join the Audit and Risk Management Committee of Council.

• Based at the Melbourne City campus but may be required to work and/or be based at other campuses of the University. 

About RMIT University  

RMIT is a multi-sector university of technology, design and enterprise with more than 96,000 students and close to 10,000 staff globally. The University’s mission is to help shape the world through research, innovation and engagement, and to create transformative experiences for students to prepare them for life and work.  

https://www.rmit.edu.au/about      

https://www.universitiesaustralia.edu.au/university/rmit-university    

Why work at RMIT University  

Our people make everything at the University possible. We encourage new approaches to work and learning, stimulating change to drive positive impact. Find out more about working at RMIT University, what we stand for and why we are an Employer of Choice.   

We want to attract those who will make a difference. View RMIT’s impressive standings in university rankings.  

https://www.rmit.edu.au/about/facts-figures/reputation-and-rankings      

About the Role

RMIT Council, the governing body of the University, is seeking an external member to join the Audit and Risk Management Committee (ARMC). The ARMC assists the Council in fulfilling its oversight responsibilities under the RMIT Act. The primary responsibilities of the ARMC include reviewing financial statements, recommending the annual budget, monitoring financial performance, assessing risk management effectiveness, ensuring compliance with regulations and internal policies, and evaluating control systems.

About You

General Capability and Personal Attributes:

• Excellent interpersonal and communication skills, with the ability to work well in a group and express opinions respectfully.

• Strong analytical skills and the ability to critically analyze a wide range of information.

• Intellectual curiosity, good judgment, and a genuine interest or knowledge of the higher education sector or community organizations.

• High ethical standards and integrity, with the ability to act in the best interest of the University.

• Residing in Victoria is preferable.

Experience/Qualifications:

• Experience as an Audit Committee director (required).

• Non-executive director experience or senior-level management experience in medium to large-scale organizations (required).

• Financial qualifications/experience (required).

• Tertiary education experience (valued).

Probity and Conduct

Applicants will undergo pre-appointment checks, including a National Police Records Check, Declaration of Private Interest, Australian Financial Security Authority (AGSA) National Personal Insolvency Index (NPII) check, and Australian Securities and Investment Commission (ASIC) Register of Persons Banned and Disqualified.

Responsibilities, if Appointed

• Comply with the RMIT University Council Charter, Policies, and Code of Conduct.

• Maintain confidentiality of information provided in the role.

• Complete an induction program on duties and responsibilities as a Committee member and the university's operation.

• Allocate sufficient time for Committee meeting preparation.

Time Commitment

• Committee members serve a 3-year term, with the possibility of reappointment.

• ARMC holds five meetings per year, with additional meetings if necessary. Meetings typically last 4-5 hours.

• Minimum half-day reading time required before each ARMC meeting.

Diversity

RMIT University values diversity and encourages applications from individuals of all ages, women, Aboriginal & Torres Strait Islander people, people with disabilities, individuals from rural and regional Victoria, culturally and linguistically diverse backgrounds, and those who identify as LGBTQI+. Adjustments to the recruitment process can be provided upon request for applicants with disabilities.

Remuneration

External Committee members are eligible for remuneration.

Note: Current staff and students of RMIT University are ineligible to apply due to the position's similarity to that of an independent non-executive director.

To Apply 

Please submit your CV and covering letter addressing ​your suitability for this position by clicking on the ‘Apply’ link.   

For further information about this position, please see the position description hyperlinked below or contact Margaret Cook (Manager, Talent Acquisition) via email [email protected]   

Position Description - Council Committee Member, Audit and Risk Management

Applications Close:
21 Jan 2024 11.59 pm

RMIT is an equal opportunity employer committed to  being  a child safe organisation. We are dedicated to attracting, retaining and developing our people regardless of gender identity, ethnicity, sexual orientation, disability and age. Applications are encouraged from all sectors of the community and we strongly encourage applications from the Aboriginal and/or Torres Strait Isla n der community.  

At RMIT, we are committed to supporting adjustments throughout the recruitment and selection process, as well as during employment. We actively support and encourage people with disability to apply to RMIT. To discuss adjustment requirements, please contact Kassie (Senior Talent Acquisition Advisor), via [email protected] or visit our Careers page for more contact information - https://www.rmit.edu.au/careers .

We are a Circle Back Initiative Employer – we commit to respond to every applicant.