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Independent Board Member - Financial Reporting Advisory Board
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HM Treasury
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The expected time commitment of the role is to attend 3 regular meetings per year (in March, June and November) plus any additional meetings as needed and contribute to occasional out of meeting communications on an ad hoc basis throughout the year.
Job Summary
About the job
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.
This is an opportunity to apply your knowledge and expertise on a range of topical financial reporting issues, from the development of new climate-related finance disclosures for government departments, to the introduction of new IFRS standards to the UK public sector.
We are looking for applications from individuals who have experience working at a senior level in the finance and accounting profession. This is a voluntary role.
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Board meetings are held three times per year, in March, June and November with occasional additional meetings as needed. Meetings are held on a hybrid basis, with in-person attendance encouraged for the November meeting.
Job Description
As a Board member, you will be required to contribute to the overall success and effective and efficient operation of FRAB in the following ways:
- Regular attendance at FRAB meetings (typically 3 meetings per year).
- Draw on your knowledge and expertise to play a full part in Board discussions and decision-making on issues of financial reporting practice and principles.
- Contribute to discussions in out-of-meeting issues and provide views on additional papers.
- Be objective when considering accounting issues and points of accounting principle.
- Adhere to the FRAB Membership Code of Conduct and declare any personal conflicts of interest related to issues being considered or subject to the provision of 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.
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We would like you to demonstrate the following essential criteria:
- Evidence of relevant accounting or 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.
- Ability to challenge constructively and influence decision making within a board setting.
- 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 FRAB is desirable but not required.
For more information and to apply, please visit our website via the apply button below.
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