Tracker Group Chair of Audit and Risk Committee (ARC)

Tracker Group; London; On-site; GBP 10,000 - 15,000; Full time

Job summary

Tracker Group is seeking a Chair of the Audit and Risk Committee (ARC) to provide financial leadership and governance. This role involves liaising closely with the Board and overseeing the financial health of the organization. Candidates should have an accountancy background and not-for-profit experience, with a commitment to the Group's mission.

Benefits

Unremunerated but reimbursed travel expenses

3-year renewable term

Flexible time commitment (1-2 days per month)

Qualifications

• Accountancy qualification or equivalent experience.
• Experience in risk management.
• Not for profit experience in governance and financial management.

Responsibilities

• Oversee financial resources to meet organizational needs.
• Chair the Audit and Risk Committee.
• Advise on the annual report and accounts sign-off.

Skills

Analytical Skills

Leadership

Communication

Education

Accountancy Qualification (preferably ACA)

Job description

Tracker Group Chair of Audit and Risk Committee (ARC)

TRACKER GROUP CHAIR OF AUDIT AND RISK COMMITTEE (ARC)

Tracker Group

The Tracker Group Ltd is a UK based, not for profit financial think-tank aimed at enabling a Paris aligned, nature positive global economy by aligning capital market actions with planetary boundaries. The Group is comprised of two award winning research teams: Carbon Tracker and Planet Tracker.

Carbon Tracker is an independent financial think tank that carries out in-depth analysis on the impact of the energy transition on capital markets and the potential investment in high-cost, carbon-intensive fossil fuels. Its team of financial market, energy and legal experts apply groundbreaking research using leading industry databases to map both risk and opportunity for investors on the path to a low-carbon future. It has cemented the terms "carbon bubble", "unburnable carbon" and "stranded assets" into the financial and environmental lexicon.

Planet Tracker seeks to use the financial system as a lever to urgently clean up sustainability problems in our supply chains and means of production. Its groundbreaking research and analytic reports identify how to integrate the value of sustainability, the opportunities, and the risks and costs of inaction, into current financial assessments. This in turn is used by a growing number of financial institutions to engage with corporates to pressure corporate executives and boards for accountability around their business practices.

Since 2023, Carbon Tracker and Planet Tracker have been combined into one corporate entity, overseen by one board. The group has two subsidiaries - a UK trading entity housing commercial activities, and a US entity enabling fundraising and publication of research in North America.

Funding is primarily via philanthropic donations from European and US endowments and families, with a small but growing percentage from consulting and financial institutions.

Both research teams work collaboratively with other environmental NGOs (such as ShareAction and Client Earth) to support one another's campaigns and amplify their messages to the financial markets.

Role overview

The Board is the governance body for Tracker Group, serving as stewards of the organisation's resources and is ultimately responsible for our strategy, operations, adherence to legal and regulatory responsibilities and financial management.

The Chair of the Audit and Risk Committee (ARC) is responsible for working closely with the Board Chair, Chief Executive Officer (CEO) and Chief Operating Officer (COO) to provide governance, financial leadership and direction in line with the Group's mission, strategy and objectives. The Chair of ARC will support the COO in the oversight of financial matters in line with good practice and in accordance with legal requirements, and report to the Board Chair and Directors at regular intervals about the financial health of the organisation.

Principal responsibilities

• Being assured that the financial resources of the organisation meet its present and future needs.
• Being instrumental in the development and implementation of appropriate financial, reserves policy and investment policies.
• Chair and attend the Audit and Risk Committee.
• Liaise with relevant staff and Board members to ensure the financial viability of the organisation.
• Regularly support the reporting of the financial position at Board meetings.
• Provide advice to the Chair on sign-off of annual report and accounts.
• Ensure proper records are kept and that effective financial procedures and controls are in place.
• In liaison with the Board Chair, CEO and other senior staff appraise the financial viability of significant projects, plans, proposals and other initiatives which may have a financial or corporate structure implication as needed.
• Ensure that effective Risk Management practices including an annual review of the Risk Register are embedded.

Requirements

Person Specification

• An accountancy qualification or an equivalent level of experience and expertise in accountancy, audit and not for profit finance. Preferably ACA.
• Analytical and evaluation skills, demonstrating good judgement.
• Experience in risk management.
• Not for profit experience either through an executive or previous Trustee/Director role. Ideally with focus on Governance and Financial management.
• Knowledge of fundraising in the context of trusts and foundations (if relevant).
• Understanding of the legal duties, responsibilities and liabilities of directorship.
• Good communication and leadership skills, including the ability to explain financial information to all Directors, including those without financial or managerial experience.
• Experience of building relationships with senior stakeholders.
• Show commitment to Tracker Group's mission and values.

Benefits

Term of Office

• 3 years renewable for a second term

Time Commitment

• 1 to 2 days per month

Remuneration

• Unremunerated but reasonable travel expenses will be reimbursed.