Independent Board Member - Financial Reporting Advisory Board

Job description

About the job

Job summary

HM Treasury invites applications for an independent member to join the Financial Reporting Advisory Board (FRAB). FRAB is an independent statutory body that makes key decisions and provides advice to HM Treasury and Parliament on the direction of financial reporting policy in the public sector.

This is an opportunity to apply your knowledge and expertise on a range of topical financial reporting issues, from the development of new climate-related finance disclosures for government departments, to the introduction of new IFRS standards to the UK public sector.

We are looking for applications from individuals who have experience working at a senior level in the finance and accounting profession. This is a voluntary role.

Commitment

Board meetings are held three times per year, in March, June and November with occasional additional meetings as needed. Meetings are held on a hybrid basis, with in-person attendance encouraged for the November meeting.

Job description

As a Board member, you will be required to contribute to the overall success and effective and efficient operation of FRAB in the following ways:

• Regular attendance at FRAB meetings (typically 3 meetings per year).
• Draw on your knowledge and expertise to play a full part in Board discussions and decision-making on issues of financial reporting practice and principles.
• Contribute to discussions in out-of-meeting issues and provide views on additional papers.
• Be objective when considering accounting issues and points of accounting principle.
• Adhere to the FRAB Membership Code of Conduct and declare any personal conflicts of interest related to issues being considered or subject to the provision of advice.

Person specification

It is essential in your supporting statement and at interview that you provide evidence and proven examples against each of the selection criteria of how you meet the requirements of the post. The criteria will be used to assess whether candidates have the required qualities, skills and experience listed below.

We would like you to demonstrate the following essential criteria:

• Evidence of relevant accounting or reporting experience at a senior executive level.
• Evidence of providing effective leadership in an advisory or senior management role, and the ability to participate in the formation of policies and strategies.
• Ability to challenge constructively and influence decision making within a board setting, and
• Evidence that you are a qualified accountant (CCAB or equivalent), with evidence of strong International Financial Reporting Standards knowledge and application.

Desirable:

• An understanding of the UK public spending and reporting environment and the role of FRAB is desirable but not required.

Things you need to know

Artificial intelligence

Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance (opens in a new window) for more information on appropriate and inappropriate use.

Selection process details

If you are interested in applying for the role, please supply the following by 23:55 on Friday 9th October 2026

• A CV setting out your career history and including details of your professional qualifications
• A covering note (with a maximum of 1 page) outlining what interests you about the role and how you meet the relevant person specification requirements
• In addition, please also complete and return the questionnaire at Annex A relating to the guaranteed interview scheme, political activity and conflicts of interest as well as the Diversity Monitoring Form
• Supply details of two referees who may be contacted to provide a reference or information relating to your application. Details should include, names, addresses, contact number, email address and occupation.

Please note that HM Treasury may undertake some social media checks and other vetting prior to interview.

Completed applications should be emailed to the Board Secretariat at [email protected]

If you have any queries about the role, please contact the Board Secretariat at [email protected]

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a basic (or equivalent) criminal record check.

People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).

The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see theCivil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).

Apply and further information

Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

• Name : FRAB Secretariat
• Email : [email protected]

Recruitment team

• Email : [email protected]

Further information

Complaints Process: Our recruitment process is underpinned by the principle of appointment based on fair and open competition and appointment on merit, as outlined in the Civil Service Commissioners' Recruitment Principles. If you feel your application has not been treated in accordance with these principles and you wish to make a complaint, you should in the first instance contact HMT by email at: [email protected]. If you are not satisfied with the response you receive, you can contact the Civil Service Commission, which regulates all Civil Service recruitment.