Worcester College, University of Oxford — Audit and Risk Committee Members

As it modernises its governance under a new Provost, Worcester College, University of Oxford seeks two new members of the Audit and Risk Committee: one with senior financial experience from any sector, and the other with university governance experience (Deadline: 12th May)

Visit the website
office block

About

Known for its friendliness, its wonderful gardens and its commitment to education and research, Worcester College is one of the 39 colleges of Oxford University. Established in 1714 on the site of a much older Benedictine community, it is located right in the centre of Oxford. Each year Worcester has 400 undergraduates and 200 graduates​ studying in College. All its undergraduates live on site for three years, which creates a strong and supportive academic and social community.

Since admitting its first female students in 1979, Worcester has worked hard to become a college committed to educating ​students from all backgrounds, and to working hard to achieve an inclusive educational environment in which everyone contributes to the diverse life of our community. Not everyone believes that Oxford is for them​, and Worcester is particularly keen to encourage students from groups currently under-represented in Higher Education to apply. For this reason, Worcester works with schools​ and sixth form colleges​, educational charities and other community groups to ensure that students from all backgrounds have the information they need to decide whether studying at Oxford—and at Worcester—might be for them. The College also provides welfare assistance, financial aid and a comprehensive programme of academic support to ensure that all of its students can make the most of their time at Oxford.

The College is well known for the quality of its teaching and research, and many of its academics are leading experts and commentators in their fields. Worcester is very proud of its history and its present. It celebrates its traditions and the success of former students and fellows, ​whilst acknowledging that culture is never static. Under its new Provost, David Isaac, it is working to create a forward-looking college that is open and accessible to all​.


Role specification

The Audit and Risk Committee oversees audit and risk management across the College, recommends the appointment of auditors, scrutinises the College’s risk register and risk management activities, and scrutinises the financial statements and audit report for recommendation to Governing Body.


Person specification

As it modernises its governance under a new Provost, Worcester College, Oxford seeks two new members of the Audit and Risk Committee: one with senior financial experience from any sector, and the other with university governance experience. The successful candidates will be financially literate, have served on boards, and have held management positions. Previous charity governance experience would be ideal, but is not essential. They could come from a commercial background, but should also bring an appreciation for the unique Oxford college system.

Additionally, one of the two new Committee members should have a background in risk management, change management, or commercial exploitation. The other Committee member should bring high-level university governance experience. This could either be from an executive or non-executive role. At least one of the two appointees should be a chartered accountant who is familiar with the charity SORP. 

As it seeks to better reflect its diverse student body, women and / or those from an ethnic minority background are particularly encouraged to apply. Applications from Old Members of the College are welcome, but will not enjoy any advantages in the process. 


Terms of appointment

There will be one meeting per term, or three meetings per year, which may increase to two meetings per term, or six meetings per year. The appointment will be for a three-year term, twice renewable. Reasonable domestic expenses will be reimbursed. Worcester is currently drafting new terms of reference for the Committee. 


The deadline for consideration is 12th May.

If you would like to register your interest, please fill in the form below. A member of the Nurole team will be in touch ahead of the deadline to let you know whether it would be worth submitting a full application and to discuss the process further.