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Independent Audit Risk and Investment Committee Member

Employer
Engineering UK
Location
London (Central), London (Greater) (GB)
Salary
This is an unpaid role, but reasonable travel and subsistence costs will be reimbursed.
Closing date
16 Feb 2024

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Sector
Charity and not for profit
Salary band
Unremunerated
Contract type
Long term role
Hours
Part Time
Where will they be working?
Hybrid - mostly office

Job Details

We are a not-for-profit organisation who are committed to increasing the diversity and numbers of young people entering into engineering and technology to meet the future workforce needs, as well as promoting roles that help us work towards net zero and drive environmental sustainability.

 

To help us drive our mission, we are seeking to appoint a passionate committee member to join the EngineeringUK Audit, Risk and Investment Committee (ARIC). The ARIC supports the Board by advising on the comprehensiveness and reliability of the processes relating to finance, risk management and internal control within EngineeringUK.

 

You will be joining an ambitious, passionate, and dedicated organisation, working closely with the Executive team, to offer clear and practical oversight to the charity.
 

 

About us at EngineeringUK  

 

Our purpose is to drive change so more young people choose engineering and technology careers.

 

Our vision is that the UK has the workforce needed for engineering and technology to thrive, to improve sustainability and to achieve net zero.

 

Our mission is to enable more young people from all backgrounds to be informed, inspired and progress into engineering and technology.

 

In the UK, we don’t have enough engineers and demand is going up. So, we need more young people to realise there could be a future for them in engineering and technology. To really thrive, we need a stronger, more diverse and representative workforce and for that we have to do things differently to make engineering more attractive.
 

We are a not-for-profit working with hundreds of organisations across business, education, professional institutions and the third sector so we can all grow the future talent pool together. We drive that collective effort through research and evidence, leadership, activities for schools and advocacy, with a focus on long-term sustainability.

 

We guided by a series of values that we apply to all our activity.

 

 

 

  • We are inclusive and care about diversity. We understand that we have different needs and create opportunities for everyone's voice to be heard.
  • We are collaborative. We listen, share and work in partnership to achieve our vision.
  • We are curious and keen to learn. We challenge ourselves and others to innovate and experiment.
  • We are insightful. We evaluate what we do and draw on research to make decisions and to improve our collective understanding.
  • We are driven by a strong sense of purpose. We are determined to make an impact and achieve our goals.

 

 

About the role

 

The Engineering and Technology Board, trading as EngineeringUK, is an independent, not-for-profit organisation which works on behalf of the UK engineering community to enable more young people from all backgrounds to be informed, inspired and progress into engineering and technology. We are privileged to receive a share of the registration fees of professionally registered engineers and technicians (alongside the Engineering Council) and our work is also supported by 34 Corporate Members as well as hundreds of other funders of our activities.

 

EngineeringUK has an upcoming vacancy for an independent member of its Audit, Risk and Investment Committee, which assists the EngineeringUK Board by reporting to it on the integrity and regulatory compliance of the financial statements of EngineeringUK and its subsidiaries; the performance of the external auditor; the functioning of EngineeringUK’s internal controls and procedures; risk management and the performance of the Investment Fund Manager.

 

The committee meets 4 times a year at our offices in London, with hybrid facilities available to those who want to join remotely.

 

 

 

 

Role responsibilities  

 

  • To monitor and review the adequacy and effectiveness of the organisation’s systems, policies and procedures in relation to financial control, internal audit, human resources, governance, strategic planning, programme management and risk management.
  • To monitor and review the organisation’s financial statements and reports, including review of the statutory accounts before submission to the Board.
  • To review the organisation’s corporate and programme risk registers and provide guidance on risk management.
  • To consider the appointment and performance of the external auditor
  • To review and advise on a Reserves Policy for the organisation.
  • To monitor the organisation’s investment portfolio and advise on the appointment of fund manager.

     

  Education / level of experience
 

  • Experience in audit and/or pensions
  • CCAB qualified accountant with experience either within a financial, accounting or audit background, or of charity or governance issues (preferred).

 

 

We value the benefits of a diverse workforce and encourage applications from people of all backgrounds and experiences.  Our recruitment process is designed to be as accessible and inclusive as possible and to ensure people are individually assessed regardless of their backgrounds or characteristics. We are an equal opportunities employer.

 

 

Applying for this role

 

If you would like to request to submit your application in an alternative format to support accessibility, please let us know.  

 

Please also tell us where you saw the job advertised in your email as we are tracking our applications.

 

The deadline for applications is before 12:00 noon on Friday 16th February.
 

 

Interviews

Applications will be assessed against the requirements for the post as set out in the Role Profile.

We are a Disability Confident committed employer. We guarantee an interview to any disabled people who meet the minimum requirements of the role. Additionally, if there are any reasonable adjustments we can make to make this process easier for you then we are happy to do so. Just complete the relevant sections of the online application form. 

 

We aim to notify candidates who have been shortlisted on Friday 23rd February. If you have not heard from us after this date, please assume that you have not been successful.

 

First interviews will be held in our offices on Wednesday 28th February.

 

 

Company

EngineeringUK is a not-for-profit organisation, which works in partnership with the engineering community to inspire tomorrow's engineers and increase the number and diversity of young people choosing academic and vocational pathways into engineering.

We work locally, regionally, and nationally to foster the critical engineering and technology skills needed for the UK to be a leader in innovation and improve societal and economic resilience and environmental sustainability.

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