Volunteering Opportunity: Member of the Supervisory Committee with St Albans Community Bank

Before you can register your interest for this opportunity you must be registered as a volunteer.

St Albans Community Bank are looking for members to form part of a small team which undertakes reviews of SACB processes and procedures, and with recommendations

The Supervisory Committee, on behalf of the Membership, reviews, appraises and reports with recommendations to the Board in accordance with the requirements of our Regulators and the Rules of SACB.

Opportunity Type: Long-term Commitment

District: St Albans

Location: Indoor

Time of day: To Be Discussed

Practical Considerations: Hours

This is mainly a virtual role, with an approximate weekly average of hours spent of 0.5 day per week, however some weeks there is little input required. The Supervisory Committee needs to prepare a monthly Board update, the quarterly Supervisory report, and attend each SACB monthly Board meeting and annual events such as the AGM.

Key Requirements

Applicants should live or work in Hertfordshire and be able to demonstrate career experience working within an internal audit or operations role in a financial services environment. Sound experience of transactional processes in the financial sector or similar regulated or compliance led environment is essential.

Requirements: Relevant qualification or training

Suitable for: Aged 26 and over, Older People

Suitable for volunteers interested in: Trusteeship & Governance, Voluntary & Community Action

Does this opportunity provide wheelchair access?: No

Full Description:
The main responsibilities are to:

• Plan and undertake the review of all functions including outsource partners and assist the Board with recommendations for improvements in the efficiency, effectiveness and economy of SACB’s activities.

• Provide a periodic appraisal of the overall effectiveness of the control systems, including recommendations for change

• Report to the Board quarterly with the outcomes of the latest work completed, and additionally present a report to the Annual General Meeting of SACB.

• Annually review the Supervisory Committee Process (and present any proposed changes to the Board) to ensure it remains up to date and delivers the core requirements of the Community Bank.

• Propose to the Board an annual programme of work and carry out this programme in accordance with the Supervisory Committee process

• Contribute to the Board activities and strategy as an
independent voice

• Bring ideas and professional experience to benefit the team and the wider Community Bank.