Audit & Risk Committee Chair

Role Description

We’re looking for energetic and gifted people who will bring diversity of thought to our boards and Committees. You will help us govern our work, forge and guide our future strategy and monitor how we are doing.

Futures people are:

Introduction

The Audit & Risk Committee’s responsibilities are delegated by the Board of Futures Housing Group and are detailed within the Committee’s Terms of Reference.

Role purpose
The role of the Chair is to:

Provide leadership and direction to the Committee;
Act on behalf of the Committee and in the best interests of the Group;
Collaborate with the Group Chair to ensure that the Committee is comprised of members that possess an effective mix of skills and experience.

Responsibilities of the Chair

To lead, inspire and motivate the Committee;
To ensure the efficient conduct of the business at meetings;
To establish a constructive working relationship with the Group Chair and ensure that the Committee acts within the delegated authority of the Board;
To build a constructive relationship with and between Committee members, internal and external auditors and the executive team in coordinating an annual plan for the Committee’s activities;
To ensure that the views of all Committee members are sought and recorded before decisions are made;
To ensure that the Committee receives professional advice where appropriate and, when required by the Group’s policies and procedures, to lead or engage with any necessary investigations;
To undertake arrangements for the Committee’s own appraisal and that of members including the Chair’s own appraisal;

Committee Role
The Chair should work with other members of the Committee to oversee:

The Group’s systems of internal control and frameworks for risk management and assurance and the performance of these systems and frameworks;
The discharging of statutory duties;
The external audit function; and
The internal audit function for the Group

The primary role is to ensure that these functions are effective, robust and that risk is effectively managed by the Group.

Committee Responsibilities
The Chair will support and contribute to the delivery of those responsibilities defined within the Audit & Risk Committee’s Terms of Reference by;

Actively ensuring those responsibilities are met collectively;
Adding value to the work of the Committee by contributing experience, expertise and insight;
Acting in the best interests of the Group, and its key stakeholders;
Participating in group decision making by contributing to debate and challenging the views of others where appropriate;
Utilising skills and knowledge to analyse issues presented to the Committee;
Ensuring high standards of probity and integrity in all aspects of the Group’s activities;
Applying specialist knowledge where appropriate to assist the Committee in making decisions;

Governance Duties

To uphold the values and objectives of the Group as it fulfils its governance duties;
To offer the Board evidence-based assurance on compliance with statutory and regulatory requirements including, but not limited to, the requirements of the Economic and Consumer Standards under the Regulatory Framework;
To ensure compliance with the adopted Code of Governance and Code of Conduct, Standing Orders and Financial Regulations and any Group policies relating to Committee activity;
To uphold the core policies, purpose, values and objectives of the Group (including its commitment to equality and diversity);
To contribute to and share responsibility for decisions of the Committee;
To attend induction, training and performance review sessions and other such sessions or events as are reasonably required;
To attend all meetings of the Committee and to read Committee papers (as applicable) before meetings.