Independent Risk Management and Audit Committee

1 month ago

Footscray, Australia Greater Western Water Full time

Earn $3, 376 annually; attend 4 meetings per year in February, May, August, and November; Footscray office.
- Provide insights into GWWs financial health, risk management practices, and internal controls.
- Contribute to the strategic direction and governance of GWW

**About Greater Western Water**

We’re waterand more.

GWW is a Victorian government owned water corporation that provides an essential service to some of the fastest-growing communities in Australia, stretching from Melbourne’s CBD to Lancefield in the north and Bacchus Marsh in the west.Click here to learn more

**The opportunity**

Greater Western Water (GWW) is seeking a highly skilled and experienced individual to join our Risk Management and Audit Committee (RMAC), a sub-committee of the Board of Directors.

**Who are RMAC?**

The Risk Management and Audit Committee assists the Board in fulfilling its duties and responsibilities relating to risk management, the effectiveness of internal controls and the accounting and reporting practices of the business, reviewing financial reports, and overseeing the audits conducted by internal and external auditors.

In this role, you will be providing insights to the Committee in relation to matters, particularly those of a financial nature.

This role reports to the Chair of RMAC, and interacts with members of the Committee, Managing Director, Chief Financial Officer, Senior Management, and visitors to the Committee including auditors.

This is an excellent opportunity to contribute to the strategic direction and governance of a significant water corporation.

**Responsibilities**
- Attend RMAC meetings scheduled four times per year - February, May, August, and November.
- Reviewing all financial reports that require the approval of the Board for compliance with statutory and accounting requirements before their submission for Board approval.
- Overseeing the adequacy of GWW's risk identification and management processes and directing the implementation of new processes as needed.
- Reviewing and monitoring GWW's risk culture and risk appetite to ensure they are consistent with the Board's strategic objectives and risk alignment.
- Reviewing effectiveness and providing oversight of GWW's financial practices, treasury management activities and reporting, including monitoring key performance indicators.
- Reviewing significant accounting policy changes and recommending them to the Board as necessary.

**Skills & Experience**
- Board or Executive level experience.
- Relevant Tertiary Qualifications, including CPA or CA certification.
- Significant experience across financial or management accounting.
- Experience working in a regulated, statutory authority environment will be highly regarded.
- Strong understanding of corporate governance principles and risk management practices
- Excellent communication skills with the ability to effectively communicate with diverse audiences.
- Engaging interpersonal skills combined with the ability to build and maintain effective relationships with stakeholders and partners.
- Ability to analyse complex financial information and make sound judgments coupled with the ability to effectively convey complex financial concepts.
- Commitment to ethical behaviour and integrity, contributing to our organisation and the community we serve.

**See yourself thrive**

Our vision for GWW is Thriving People and Country. We aim to be as diverse as the communities we serve and are deeply committed to building a workplace where everybody thrives. We’re supportive, inclusive, and friendly, and value everyone for who they are and what they can bring.

We’re seeking applicants across all cultural backgrounds, genders, and abilities, and will make reasonable adjustments as required, so please talk to us about what you need.

Don’t meet every single requirement? If you’re excited about this role, we encourage you to apply.

**Applications close: Thursday 21, November.

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