What is the Financial Control and Compliance Group?

The Financial Control and Compliance Group (FCCG) was established in January 2018 to undertake detailed scrutiny of University level quarterly financial reports, prior to consideration of the University's financial position by the Budget Steering Group (BSG). The FCCG provides assurance to the Executive Team on financial control and compliance.

Membership

The membership of the FCCG provides a breadth of perspective from qualified accountants, who have the expertise to scrutinise and challenge detailed financial data:

Group Finance Director (Chair)	Rosie Drinkwater
Finance Director	Nikki Constant
The Deputy Finance Directors:
	Sam McClenaghan (Secretary)
	Chris Key
	Steve Wilkes
	Philippa Glover
The Chief Finance Officers:
Warwick Manufacturing Group	Paul Bradley
Warwick Business School	Georgina Cowley
Campus and Commercial Services	Donna Johnson
PSG, Arts and Social Sciences	Helen Mead
Estates Office	Robert Morgan
Warwick Medical School	Aarifah Pearce
Science, Engineering and Medicine	Teng Zhang

Terms of Reference

(i) To scrutinise, on a quarterly basis, the University’s financial performance and financial health, and to advise the University Executive Board (Finance focus) on areas of material risk or concern.

(ii) To identify trends in performance and advise corrective action in response to actual or forecast variances, escalating to the University Executive Board (Finance focus) as necessary.

(iii) To monitor financial control indicators, and to manage compliance risk.

(iv) To approve the Financial Assurance annual rolling workplan and receive progress reports.

(v) To recommend to Audit and Risk Committee the annual report on Compliance with Financial Procedures.

(vi) To recommend to FGPC amendments to the Financial Regulations and Procedures.

(vii) To recommend operational targets for finance KPIs (e.g. Debtor days) and monitor performance against these targets.

(viii) To identify improvements to systems, processes and reporting, and share best practice.

(ix) To develop clear and simple reports for the University Executive Board (Finance focus) on key financial areas.

(x) To consider financial reporting system developments with the objective to minimise the time spent preparing committee reports and management accounts.

More information:

For more information regarding the Financial Control and Compliance Group, please contact the Assistant Secretary, Rachel Grimes (Administrative Officer), Finance Office: r dot grimes dot 2 at warwick dot ac dot uk.

Dates of future meetings:

2024

3 September	09:30 - 12:00
26 November	14:00 - 16:30

2025

25 February	09:30 - 12:00
28 May	09:30 - 12:00

Agendas and Papers - Members only

The agenda and papers for FCCG meetings are available for members to access here.