Audit Risk Committee

Organisation: Women in Technology Limited (WiT) 

Location: Qld – remote applicants welcome 

Work type: Volunteer – part-time 

About WiT 

As one of Queensland’s most respected technology industry associations, Women in Technology (WiT) is a community of women in STEM and champions of change.  With a purpose of unlocking the potential of women in STEM, we exist to advance, connect and empower women to achieve their professional aspirations. 

Celebrating 25 years of WiT community, our impact is felt far and wide whether to an organisation or an individual. WiT has more than 11,500 members and affiliates and a reach of over 50K via our social media platforms.  We run over 80 interactions a year with our community and engage with over 50 corporate entities via our partnerships, sponsorships and corporate memberships.  We aspire to broaden our impact both ideologically and geographically. 

WiT has always had the community as its primary focus. To support our growth achievements and aspirations, we continue to bolster our operational team and mature our governance arrangements.   

Check out our website for more information about WiT:  

Women in Technology - Advance, Connect, Empower (wit.org.au) 

About our Audit Risk Committee (ARC) 

The ARC assists the Board of Directors (“the Board’) in carrying out its duties by: 

• providing independent and objective review, advice and assistance in developing policy; 

• monitoring corporate activity and making recommendations to the board for resolution; 

• assisting the board in the company’s governance and exercising of due care, diligence and skill in relation to statutory and legal compliance matters and risk; and 

• overseeing audit functions and financial reporting, management and control. 

The ARC is chaired by a non-executive director and the committee membership includes at least one other non-executive director, the Executive General Manager and between one and three Individual or Student Members.  One of the non-executive directors is required to hold relevant accounting or finance related degree or higher qualification, and at least one member of the ARC brings significant understanding of financial and risk management. One nominated ARC member acts as the Secretariat. 

About the role 

WiT is currently seeking committee members to join the Audit Risk Committee (ARC).   

The estimated time commitment is 4-8 hours per month (across the year as an average), with formal meeting obligations to include: 

• ARC meetings bi-monthly (noting the future intention to reduce frequency to quarterly); and 

• Out of session meetings or ARC working groups as required. 

If not already a member of our WiT community, the successful ARC candidates would be required to attain Individual or Student membership to be eligible for appointment to the ARC. Please refer to our website for detailed information about WiT membership. 

Whilst WiT is headquartered in Brisbane, we are adaptable and can accommodate virtual teaming to include members contributing from other locations.  

Please note this is a volunteer role and individual expenses such as the cost of WiT membership and travel expenses are not covered. 

About you 

WiT values diversity and we welcome people from all genders, ages and backgrounds who are committed to our vision and values.  To enable our organisational evolution and commitment to embed contemporary governance practises, this role will suit individuals who are curious, engaged and pragmatic.   

Please include within your nomination a summary of your relevant career experience and credentials to demonstrate how your contribution can support and elevate WiT. Highly desirable skills and experience include: 

• Comprehensive understanding of financial and risk management ideally within a not-for-profit organisation; 
• Financial reporting experience;
• Company directorship, audit and risk committee and/or roles reporting to a board; 
• Experience transitioning an association to a company limited by guarantee, inter-state expansion and/or diversifying operational scope; 
• Governance, risk and compliance expertise ideally including oversight of audit and assurance; and / or 
• Relevant accounting or finance related degree or higher qualification ideally with senior management experience (such as chief financial officer or financial controller). 

If you are yet to develop this relevant experience and are on the lookout for an immersive professional development opportunity within a supportive environment, we would welcome your nomination for the Secretariat role. 

To apply 

For more information or to apply, please contact Kelly Addison, Chair of the Audit Risk Committee via email at [email protected] by C.O.B Friday 6th December, 2024