At a Glance
- Tasks: Join the Audit and Risk Committee to oversee financial management and risk assessment.
- Company: Institute and Faculty of Actuaries (IFoA) seeking a lay member for their committee.
- Benefits: Paid role with the opportunity to influence key financial decisions.
- Other info: Ideal for professionals looking to contribute to corporate governance and financial oversight.
- Why this job: Make a real impact on governance and risk management in a prestigious organisation.
- Qualifications: Experience in audit committees and knowledge of risk management principles required.
The predicted salary is between 30000 - 40000 € per year.
A vacancy has arisen for a professional who is a non-member of the IFoA (i.e. a lay member) to join the IFoA’s Audit and Risk Committee. The main role of the Audit and Risk Committee is to ensure that key risks are being identified and addressed and that the Institute and Faculty of Actuaries (“IFoA”) adopts a sound approach to financial management and reporting. The committee reports directly to the IFoA Board and has an oversight role rather than direct responsibility for financial and governance matters. The committee gives its views to management on the financial statements, other financial information, external and internal audits, risk management and internal controls, as well as other ad hoc issues.
We are seeking to appoint an individual who:
- has strong experience of audit committee work, particularly in a similar environment
- has a sound understanding of the principles and practices of good risk management and corporate governance
- has independence of mind
- has some knowledge of actuaries and their work
Audit and Risk Committee – Lay Member (Paid role) employer: Institute and Faculty of Actuaries
Joining the IFoA as a Lay Member of the Audit and Risk Committee offers a unique opportunity to contribute to the governance of a prestigious institution dedicated to the actuarial profession. The IFoA fosters a collaborative work culture that values diverse perspectives, providing members with meaningful engagement in financial oversight and risk management. With a commitment to professional development, the IFoA supports its members in enhancing their skills and knowledge, making it an excellent employer for those seeking to make a significant impact in the field.
Contact Detail:
Institute and Faculty of Actuaries Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Audit and Risk Committee – Lay Member (Paid role)
✨Tip Number 1
Network like a pro! Reach out to your connections in the audit and risk management field. Attend relevant events or webinars where you can meet people who might have insights or even know about job openings.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of financial management and risk governance. Be ready to discuss how your experience aligns with the responsibilities of the Audit and Risk Committee.
✨Tip Number 3
Showcase your independence of mind during discussions. Employers love candidates who can think critically and provide unique perspectives, especially in roles that require oversight and advisory skills.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for passionate individuals who want to make a difference in the audit and risk space.
We think you need these skills to ace Audit and Risk Committee – Lay Member (Paid role)
Some tips for your application 🫡
Know Your Stuff:Make sure you understand the role of the Audit and Risk Committee and what it means to be a lay member. Brush up on your knowledge of audit committee work, risk management, and corporate governance – we want to see that you’re well-versed in these areas!
Tailor Your Application:Don’t just send a generic application! Tailor your CV and cover letter to highlight your relevant experience and skills. Show us how your background aligns with the responsibilities of the role and why you’d be a great fit for the committee.
Be Authentic:We love authenticity! When writing your application, let your personality shine through. Share your motivations for applying and what you can bring to the table. We want to get to know the real you!
Apply Through Our Website:Ready to take the plunge? Make sure to apply through our website for a smooth process. It’s the best way for us to receive your application and keep everything organised. We can’t wait to hear from you!
How to prepare for a job interview at Institute and Faculty of Actuaries
✨Know Your Stuff
Make sure you brush up on your knowledge of audit committee work and risk management principles. Familiarise yourself with the IFoA's financial practices and governance structures, as this will show that you're genuinely interested in the role and understand its importance.
✨Show Independence of Mind
During the interview, be prepared to discuss how you can maintain independence in your decision-making. Think of examples from your past experiences where you've had to stand firm on your views or challenge the status quo, as this will demonstrate your ability to contribute effectively to the committee.
✨Ask Insightful Questions
Prepare some thoughtful questions about the committee's current challenges or recent audits. This not only shows your interest but also gives you a chance to showcase your understanding of the role and how you can add value to the team.
✨Be Yourself
While it's important to be professional, don't forget to let your personality shine through. The committee is looking for someone who can bring a fresh perspective, so be authentic and share your unique insights and experiences related to the role.
