Job Details

Independent Member - Victorian Building Authority Audit and Risk Committee
This is an exciting opportunity for an experienced individual to be appointed as an Independent Member of the VBA’s Audit and Risk Committee.

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Department: Victorian Building Authority
Work Type: Sessional
Job Function: Other
Classification: See Advertisement
Work Location: Melbourne - CBD
Reference: VG/ARC_IND_24
Closing Date: 26-May-2024
Salary Range: See Advertisement
Job Duration: Initial term - 2 years
File Attachment: 2024.04.29 arc - pd for independent member v3 (003).docx
2024.04.29 arc terms of reference v3.docx
Contact: John Sullivan, Chief Governance Officer
Contact Details:

Position Details


Role length:   Sessional, Initial term to 31 March 2026


Meetings:       Minimum four times per year, Half day meetings


Location:        Melbourne CBD/Remote


Salary:            Up to $15,000 per annum



About the committee

The Victorian Building Authority's (VBA) Audit and Risk Committee is appointed by the VBA Commissioner to assist with fulfilling the obligations of the Standing Directions 2018 under the Financial Management Act 1994 and is responsible for providing independent oversight and advice to the VBA Commissioner on the effectiveness of the VBA's systems and controls for financial management (including asset management), risk management, performance and sustainability.

For more information about the VBA visit

About the role

This is an exciting opportunity for a suitably qualified experienced individual to be appointed as an Independent Member of the VBA's Audit and Risk Committee.

The scope, responsibilities and operational processes of the Audit and Risk Committee are outlined in the Committee's Terms of Reference.

For more information about the role please refer to the VBA Audit and Risk Committee Independent Member position description.

Who we're looking for

Applicants will be short-listed on the basis of qualifications, skills and experience in relation to the criteria outlined below.

Key selection criteria

  • Ability to read and understand financial statements, including income and expense statements, balance sheets and cash flow statements.
  • A reasonable knowledge of VBA functions, or the ability to acquire this knowledge prior to term commencement.
  • Experience in independently reviewing and assessing the effectiveness of systems and controls for:Experience in exercising independent judgement and providing objectivity in deliberations, decisions and advice.
    • Financial Management
    • Performance and Sustainability, and
    • Risk Management
  • Experience in overseeing an internal audit function.
  • Knowledge and experience working on Committees as a non-executive - preferably in Government.
  • Capacity to undertake your role free from any management, business or other relationship that could reasonably be perceived to materially interfere with an ability to act impartially in the best interests of the VBA.

At least one member of the Audit and Risk Committee must have appropriate expertise in financial accounting and auditing, including (but not limited to):

  • a thorough knowledge of Australian accounting standards and financial statements
  • experience in preparing or auditing general purpose financial statements, and
  • experience with internal controls and procedures for financial reporting.

What you need to apply

Please submit your application online. 

Applicants will need to include a two-page cover letter which addresses the selection criteria and a current curriculum vitae.

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