Finance and Investment Committee and Audit and Risk Committee posts Job description
Roles available: Finance and Investment Committee member (2 posts) and Audit and Risk Committee (1 post)
Term: Three years, renewable for three years
Location: London / remotely
The Royal Society of Medicine is a charity whose mission is to share learning and support innovation across all areas of healthcare. We are a leading provider of continual learning for healthcare professionals and a membership organisation. There are four key pillars of our work. These are:
- Education: delivering multi-disciplinary, specialist and general education as well as professional development;
- Learning Resources: providing excellent medical resources (physical and e-resources);
- Networks: connecting those involved in and interested in healthcare; and
- Innovation support: leveraging expertise across the RSM to help innovators.
We are governed by our Council which is responsible for our strategic direction, financial health, the probity of our activities and for developing our aims, objectives and goals in accordance with our Royal Charter and legal and regulatory guidelines. To support the work of Council, the RSM has established a range of Council Committees. Council Committees comprise Trustees and co-opted members.
We are now looking to appoint two co-optees for our Finance and Investment Committee and one co-optee for our Audit and Risk Committee.
a) Finance and Investment
Key responsibilities for members of the Finance and Investment Committee include:
- considering the long-term forecasts of income and expenditure for the Society and strategies to ensure financial sustainability;
- reviewing the annual income, expenditure budget, cash flow and capital expenditure budget for the forthcoming year and monitoring performance against these;
- reviewing the annual financial statements; and
- ensuring that an appropriate Investment Policy is in place and monitoring and periodically reviewing the performance of the appointed Investment Managers.
b) Audit and Risk
Key responsibilities for members of the Audit and Risk Committee include:
- promoting the highest standards of probity and encouraging proper accountability for the use of the RSM’s charitable funds;
- improving the quality of financial reporting by reviewing internal and external financial statements on behalf of Council;
- agreeing the programme of internal audit and external audit, reviewing audit findings and management letters and ensuring implementation of recommendations as necessary;
- overseeing the process of appointment of auditors and making recommendations to Council;
- overseeing across the RSM all categories of risk and ensuring that proper practices are in place to surface, understand, and manage priority risks; and
- overseeing the work of the Safety Committee and recommending to Council an appropriate Health and Safety Policy and monitoring its implementation.
Experience, skills and understanding
For our Finance and Investment Committee we are specifically looking to appoint one candidate with significant investment management experience and one candidate with significant finance experience at a senior level in the private, public or charitable sector.
For our Audit and Risk Committee we are specifically looking to appoint an individual with a recognised accountancy qualification and significant recent audit experience.
In addition, all candidates should bring:
- Experience of operating at a senior management/leadership level;
- An ability to work at a strategic level whilst being strong on detail;
- Good communication skills;
- The ability to work well with others to develop consensus whilst bringing a high degree of constructive challenge; and
- Commitment to the work of the RSM and a willingness to devote the necessary time and effort to the role.
Time commitment and location
Both Committees meet four times a year, with other ad hoc meetings as required.
It is expected that the selected co-optees will be appointed as soon as practicable.
All meetings will be held at the Society’s premises at 1 Wimpole Street, London W1G 0AE or by videoconference.
How to apply
Please send a CV and covering letter explaining which role you are interested in and why and how you meet the relevant criteria to Ms Michele Acton at email@example.com by 12 noon on Monday 13 September 2021. Shortlisted candidates will be notified on 15 September 2021 and be invited to a meeting with Ms Michele Acton, Chief Executive (either in person or via Zoom), ahead of a Panel Interview on 22 September 2021. If you would like further information about the RSM and the roles, please contact Ms Michele Acton at firstname.lastname@example.org.
The RSM is committed to equal opportunities. Equal opportunities are provided to all applicants for roles without regard to race, religion, colour, age, sex, national origin, sexual orientation, gender identity, genetic disposition, neurodiversity, disability or any other protected category.
The RSM is also committed to the safeguarding and fair processing of information received from candidates applying for opportunities and fully complies with the spirit and regulations of the GDPR. For a full statement about the type of data that the RSM keeps about role applicants and the purposes for which it is kept, please read our fair processing notice for job applicants.