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Committee Member

United Kingdom

Position Description

We are looking for Co-opted Member to join our Finance, Risk and Audit Committee, and support our Board of Trustees and Executive team, as we evolve into a stronger, sustainable and even more impactful organisation in achieving our aim of ending educational inequality.

ABOUT THE ROLE

The Finance, Risk and Audit Committee (FRAC) has oversight of the finances, internal control systems and risk management of Teach First, and advises the Board on the effectiveness of Teach First’s governance arrangements. As set out in its Terms of Reference (see below) FRAC has delegated authority to monitor, report to the Board of Trustees and make recommendations as required on matters relating to the charity’s:

  • Finance
  • Income generation
  • Reserves and investments
  • Internal control and risk management
  • Internal audit
  • External audit
  • Governance and financial reporting
  • Remuneration and expenses.

Time commitment: Approximately 5 days per year
Term: 3 years (renewable to a maximum of 9 years)

Selection Criteria

ABOUT YOU

Experience sought:

The Board of Trustees would like to co-opt an external (non-Trustee) member of its Finance, Risk and Audit Committee. They are looking for members who have awareness, skills and experience in some or all of the areas, below:

  • Experience in audit and assurance, including the ability to interpret internal and external audit plans and reports, and to provide constructive challenge on scope, findings and follow-up actions. ACA or similar qualification required.
  • Regulatory and compliance awareness.
  • Familiarity with charity sector regulation, the expectations of the Charity Commission, and financial reporting requirements, including upcoming changes to the Charities Statement of Recommended Practice (SORP) would be particularly valuable.
  • Experience implementing finance systems and effective utilisation of information technology across large organisations.
  • Experience managing organisational transformation and change projects.
  • Experience operating at senior level (C suite or similar).

In addition, we would expect candidates to be able to demonstrate vision, energy and a passionate commitment to Teach First’s charitable mission.

Expectations: Members of FRAC are expected to:

  • Attend and participate in regular online FRAC meetings (usually five per year).
  • Provide strategic advice and support to members of the senior management team in a non-Executive capacity.

The time commitment is approximately 5 days per year, including preparation for meetings.

Appointments to FRAC shall be for a period of three years, renewable up to a maximum of nine years served.

Our governance structure Chaired by Dame Vivian Hunt, our Board of Trustees is responsible for the governance of Teach First, ensuring it is run in accordance with our Charity Articles and the law.

The Chair of FRAC is Helen Weir. The Board has three permanent sub-committees, each providing oversight of and advice on a defined area of the charity’s work, as follows:

  • Education Committee (chaired by Sam Twistleton)
  • Finance, Risk and Audit Committee (FRAC) (chaired by Helen Weir)
  • Nominations Committee (chaired by Nick Owen)

Sub-committee membership comprises Trustees and, in some cases, external members, who are co-opted on the basis of their expertise in a particular field.

Recruitment Pack & Job Description

How to Apply

Candidates are required to submit a CV and a covering letter that includes:

  1. your motivation to contribute to Teach First and its mission to end educational disadvantage so every child has the opportunity and support to thrive.
  2. an outline of the key skills/areas of experience where you feel you could add value to the Finance, Risk and Audit Committee.

You can submit your application including CV and cover letter to [email protected], for the attention of Michael Lambert. Candidates will be shortlisted against the criteria in the role description and shortlisted candidates will be invited to:

  • An initial meeting with the Chair of FRAC
  • A fireside chat with the Executive Director of Finance and Performance
  • A panel interview with the Chair of FRAC, Executive Director, and at least one other member of FRAC

We are operating a rolling recruitment process for this appointment. Applications will be reviewed on an ongoing basis. We encourage early applications, as the role may close once a suitable candidate has been appointed.