Independent Board Member - Financial Reporting Advisory Board
HM Treasury
Apply before 11:55 pm on Wednesday 16th October 2024
Details
Reference number
Salary
Job grade
Contract type
Length of employment
Type of role
Working pattern
Number of jobs available
Contents
Location
About the job
Job summary
HM Treasury invites applications for an independent member to join the Financial Reporting Advisory Board (FRAB). FRAB is an independent statutory body that makes key decisions and provides advice to HM Treasury and Parliament on the direction of financial reporting policy in the public sector.
Commitment
The expected time commitment of the role is to attend 3 regular meetings per year (in March, June and November and usually the third Thursday of each month) plus any additional occasional meetings as needed. Members are also expected to contribute to occasional out of meeting communications on an ad hoc basis throughout the year.
Job description
Each FRAB member is expected to contribute to the overall success and effective and efficient operation of the FRAB in the following ways:
- Draw on your knowledge, skill set and expertise, to play a full part in the Board’s deliberations on issues of financial reporting practice and principle, and in the process formulate advice to the Relevant Authorities on financial reporting in the public sector
- By regular attendance at Board meetings (typically 3 meetings per year) and work together with other members to ensure the consistency of Board performance
- Contribute to discussion during meetings and out of meeting discussions and papers
- Be objective when considering accounting issues and points of accounting principle
- Support the delivery of the strategic priorities of the Board and contribute to developing and deciding long-term strategies using skills, experience and judgement
- Ensure that for issues under debate by the Board, express opinions clearly, supported by reasoned analysis
- Adhere to the Board membership Code of Conduct and declare any personal conflicts of interest related to issues considered by the Board, or subject to the provision of its advice.
Person specification
It is essential in your supporting statement and at interview that you provide evidence and proven examples against each of the selection criteria of how you meet the requirements of the post. The criteria will be used to assess whether candidates have the required qualities, skills and experience listed below.
We would like you to demonstrate the following essential criteria:
- Evidence of relevant accounting or other public financial management and reporting experience at a senior executive level.
- Evidence of providing effective leadership in an advisory or senior management role, and the ability to participate in the formation of policies and strategies within a large organisation.
- Ability to challenge constructively and influence decision making within a board setting, and
- Evidence that you are a qualified accountant (CCAB or equivalent), with evidence of strong International Financial Reporting Standards knowledge and application.
Desirable:
- An understanding of the UK public spending and reporting environment and the role of the Board.
Personal qualities:
- Committed and goal focused with the ability to set clear priorities and to contribute meaningfully to Board discussions, and
- Excellent interpersonal skills that generate trust and confidence in others.
Things you need to know
Selection process details
If you are interested in applying for the role, please supply the following by 23:59 on Wednesday 16th October.
- A comprehensive CV setting out your career history and including details of your professional qualifications
- A covering letter (with a maximum of 2 pages) outlining what interests you about the role and how you meet the relevant person specification requirements
- In addition, please also complete and return the questionnaire at Annex A relating to the guaranteed interview scheme, political activity and conflicts of interest as well as the Diversity Monitoring Form
- Supply details of two referees who may be contacted to provide a reference or information relating to your application. Details should include, names, addresses, contact number, email address and occupation.
Please note that HM Treasury may undertake some social media checks and other vetting prior to interview.
Completed applications should be emailed to the Board Secretariat at FRABsecretariat@hmtreasury.gov.uk
If you have any queries about the role please contact the Board Secretariat at FRABsecretariat@hmtreasury.gov.uk
Feedback will only be provided if you attend an interview or assessment.
Security
Nationality requirements
Working for the Civil Service
Diversity and Inclusion
Apply and further information
Contact point for applicants
Job contact :
- Name : FRAB Secretariat
- Email : FRABsecretariat@hmtreasury.gov.uk
Recruitment team
- Email : hrrecruitment@hmtreasury.gov.uk
Further information
FRABSecretariat@hmtreasury.gov.uk