Member of the Supervisory Committee

Key Responsibilities 

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.  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. 

Members of the Supervisory Committee have the opportunity to contribute to all aspects of this work. 

Working 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.