Non-Executive Director - Chair of the Board Audit and Board Risk & Compliance Committees

Recruiter: Westbourne Partners
Location: London
Date Posted: 19/11/2019
Closing Date:

As an Independent Non-Executive Director (INED), you will have a shared responsibility for the governance of the Bank, with specific responsibilities for chairing two key committees, the (i) Board Audit Committee (BAC); and (ii) Board Risk and Compliance Committee (BRCC).

About us:

We are a leading foreign bank based in the City of London. The Bank’s principal activities are the provision of Correspondent Banking, Trade Finance and International Payments, Corporate Banking, Treasury and Retail Banking. Deposits are raised from personal, corporate and institutional customers in the form of current, savings, call and fixed deposit accounts. Lending activities are confined to corporates, government and financial institutions utilising a wide range of products including syndicated and bilateral loans, overdrafts, structured trade finance facilities, discounted letters of credit and fixed income products

Job Summary:

As an Independent Non-Executive Director (INED), you will have a shared responsibility for the governance of the Bank, with specific responsibilities for chairing two key committees, the (i) Board Audit Committee (BAC); and (ii) Board Risk and Compliance Committee (BRCC). Generally, as a director of the Bank, you will:

• Strategy
  Contribute to the formulation of the Bank’s strategy. You will constructively challenge and provide strategic guidance and help to develop proposals on strategy based on any specialist knowledge and experience that you possess
• Performance
  Scrutinise the performance of executive management in meeting agreed goals and objectives and hold management to account
• Risk
  Monitor the integrity of financial information produced by the Bank and satisfy yourself that the systems of internal control and risk management are robust and defensible
• People
  Determine appropriate levels of remuneration of executive directors and other senior management and have a prime role in appointing, and where necessary removing, executive directors (and other senior management) and in succession planning
• Corporate Responsibility
  Promoting a corporate responsibility to uphold, safeguard and promote the Bank’svalues particularly relating to ethics, integrity and social responsibility.

Duties & Responsibilities:

Chair of the BAC

Briefly, as Chair of the BAC you will be responsible, inter alia, for:

• Safeguarding the independence of, and overseeing the performance of, the internal audit function, including the performance of a person approved to perform the Head of Internal Audit function on behalf of the Bank, in accordance with SYSC 6.2 (Internal audit) of the PRA Handbook.
• for taking reasonable steps to ensure that every person involved in the performance of the outsourced internal audit function is independent from the persons who perform external audit, including:(a) supervision and management of the work of outsourced internal auditors; and (b) management of potential conflicts of interest between the provision of external audit and internal audit services;
• Ensuring that financial information is accurate and that financial controls and systems of risk management are robust
• Overseeing review on the appropriateness and completeness of the Bank’s system of internal control and ensures that the committee considers whether necessary actions are being taken to remedy any significant failings or weaknesses.
  • The appropriateness and completeness of the Bank’s statutory accounts and, ensuring that the Committee reviews significant areas of judgement.
  • arrangements made by Management for regulatory financial reporting and best practice requirements and ensure that the Committee effectively reviews Management responses to the auditors and regulators, as applicable
  • Reviewing the effectiveness of the Bank’s frameworks for receiving and treating complaints and concerns regarding accounting, internal accounting controls and auditing matters.
  • Appropriately monitors the working relationship between the external auditors and the Bank.
  • The scope, nature and effectiveness of the work of internal audit.

Chair of the BRCC

Briefly, as Chair of the BRCC you will be responsible, inter alia, for:

• Responsibility for safeguarding the independence of, and overseeing of the performance of, the risk function, including the performance of a person approved to perform the Chief Risk function on behalf of the firm, in accordance with SYSC 7.1.21 R and SYSC 7.1.22 R (Risk control) of the PRA Handbook.
• Safeguarding the independence of, and overseeing the performance of, the compliance function, including the performance of a person approved by the FCA to perform the compliance oversight function on behalf of the firm, in accordance with SYSC 6.1 (Compliance) of the PRA Handbook.
• Overseeing the review of the effectiveness of the Bank’s risk management framework, risk governance arrangements and risk policies and associated procedures
• Undertaking the role of ‘whistleblowing champion’, overseeing the integrity, independence and effectiveness of internal whistleblowing arrangements, including the protection of whistle-blowers from victimisation.
• Reporting to the Board on how the Committee has discharged its responsibilities.

Time Commitment

Generally, as an INED, you are expected to be able to allocate sufficient time to meet the expectations of your role. As a Board Committee Chair, it is not unlikely that you will be required to commit additional time to effectively carrying out your role. As a minimum, you will be expected to attend quarterly Board meetings though some additional hours may be needed in the course of the annual cycle in order to fully support the Board agenda

Candidate Requirements

• Relevant university degree/ professional qualification from a recognized institution.
• Recognized Auditing or Accounting Qualification/Accreditation
• Extensive accounting/auditing experience, within the Banking or Financial Services sector
• Risk management experience in an executive capacity and at Board level
• Exposure to Compliance and financial crime matters
• Generally, Board level experience in a large /complex/changing organisation;
• Experience of high level organisational and governance skills including such things as strategic planning, financial management, risk management, organisational performance management.
• Politically astute – able to grasp relevant issues underpinned by an understanding of developing partnerships and building relationships with other organisations.
• Experience of achieving change management and transformation in a highly complex organisation, regulated environment.
• Solid exposure to the UK Regulatory Environment from the point of view of a Foreign Bank.
• Knowledge & exposure to the African banking sector
• Interest passion in Africa

You will be a highly successful business leader who has a track record of operating at Board level and contributing to the success of market leading, financial services organisations. You can demonstrate a career which clearly shows progression, commercial breadth and strategic involvement. Consequently, you will be able to bring to the bank:

• Deep knowledge of UK retail and corporate/business banking with exposure to commercial lending and trade finance.
• Strong understanding of risk, compliance and balance sheet management. Able to add value and effectively oversee the Bank’s activities; you will already be a risk committee member. We will consider serving executives (particularly CROs), first time NEDs as well as experienced NEDs.
• In-depth knowledge of the changing policy and regulatory framework in UK financial services (prudential and conduct) as well as a commitment to corporate governance; you can also demonstrate a positive relationship and reputation with the UK regulators (PRA and FCA).
• A track record of contributing successfully in other governance led Board roles (preferably within a small financial services institution and ideally some plc and international experience). You will already be experienced in managing board level stakeholders, managing conflict and dealing with regulatory interaction and participation in sub-committee roles

Leadership skills/personal attributes:

• Possesses integrity, strong customer ethos and values in line with the Bank
• Thinks strategically and is able to see the Bank within the context it operates. Brings a genuine independent perspective to enhance decision making and provide sound judgment (can absorb large volumes of information and still be able to identify the relevant important issues)
• Commercial, financial acumen and an understanding of what makes a successful and sustainable business; able to think strategically and systemically
• Highly developed interpersonal and communication skills, able to make a valuable contribution within formal Committee meetings, articulate points well and challenge constructively. Engages proactively and is culturally sensitive
• Is learning oriented and possesses a strong desire to keep up to date with a continually changing environment and a willingness to adapt to change
• An enquiring mind, with the confidence to challenge constructively;
• Recognise the importance of supporting collective decisions and of balancing challenge with assurance and support;
• Strong communication and listening skills;
• Strong interpersonal skills – calm under pressure, able to challenge in a constructive manner, develop creative solutions, manage a wide variety of situations in a meeting and ensure that the outcomes are in the best interest of the organisation;
• Strong financial and business acumen and the intellectual rigour to understand complex issues and risk quickly;
• The ability to work with a wide range of individuals and organisations and build productive relationships;
• Fully supportive of equal opportunities and minority interests;
• Strong commitment to public service values of accountability, openness, probity and equality of opportunity.

Non-Executive Director  - Farmers' Union of Wales

Business / Organisation Name: Farmers' Union of Wales
Business / Organisation Sector: Private
Business / Organisation Website: http://fuw.org.uk
Business / Organisation Type: Private Company
Role Title: Non-Executive Director
Remuneration: Paid

Role Description

The Farmers’ Union of Wales was established in 1955 and works on behalf of members in order to deliver thriving, sustainable family farms in Wales.

The Union incorporated FUW Ltd in 2017 to manage its affairs and that company is now the owner of our Insurance Broker, FUW Insurance Services Ltd.

There will soon be a vacancy on the board of FUW Insurance Services that we wish to fill as soon as practical.

With empathy for Wales and farming, but not necessarily a farming background, we would expect that successful applicants would demonstrate some or all of the following:

• A successful business background in a privately owned limited company
• Experience of managing and growing a well established, multi-site business
• A network of contacts that will add value to the growth of FUW Insurance Services
• Experience of marketing, primarily in terms of analysis of markets in order to identify opportunities for business growth
• An understanding of the insurance market

FUW is a bi-lingual organisation, therefore the ability to speak Welsh would be an advantage but it is not essential as all Insurance Services board meetings are conducted in English.

Remuneration

The positions are remunerated and all reasonable expenses will be reimbursed

Time Commitment

Board meetings will generally be held in monthly in Builth Wells, with occasional telephone meetings where appropriate.

Application Details

Application Process

An informal discussion about the role can be arranged by contacting the Managing Director via email (alan.davies@fuw.org.uk ).

Applications should be made by forwarding a CV and introductory letter to the Managing Director.

Closing date: 0800 hrs 7 November 2019 and we wish to appoint as soon as is practicable,

Closing Date: 07/10/2019
Contact Name: Alan Davies
Contact Email: alan.davies.@fuw.org.uk

Non-Executive Board Member - NHBS

Recruiter: NHBS
Location: Totnes, Devon and London
Salary: Annual remuneration appropriate to a small but successful business
Posted: 19 Sep 2019
Closes: 14 Oct 2019
Job Function: Non Executive Director
Industry: Retail / FMCG

Non-executive Board Member

Ecology and conservation business poised for growth

Meetings in Totnes, Devon and London
Annual remuneration appropriate to a small but successful business

NHBS Ltd is a world leader in its field – the supply of natural history, ecology and conservation books and ecological survey equipment to institutions, retailers, companies, and private customers around the world.

Following recent acquisitions, and fuelled by growth in demand to comply with environmental regulation across Europe, annual sales revenues have doubled since 2013, with further organic growth at 10% or more per annum expected in the near and medium term.

Capitalising on NHBS’s growing brand strength and competitive position, together with increasing demand and opportunity in mainland Europe, the Board has sanctioned a move to create a European operating base, recently registered in Bonn, Germany.

The requirement for an additional Non-Executive Director results from a need both for additional Board capacity and for an infusion of experience in international sales and marketing, because of the company’s planned international expansion.

The successful candidate will be motivated not only by the intellectual and developmental opportunity to engage with a successful, interesting and unusual business at a key stage in its growth but also by a personal enthusiasm for the natural world.

The ideal candidate will be an experienced business leader combining strong strategic and operational skills with equally strong emotional intelligence, great relationship skills, and an enthusiasm for mentoring and coaching NHBS’s highly motivated executive team.

Experience in international sales or marketing is desirable, and an appreciation of the demands inherent in running and growing a small business is essential.

To download further details, including how to apply, visit www.oct-associates.co.uk. If you are unable to access the internet please call our advising consultant, David Richards, at OCT Associates on 0845 116 2672.

The closing date for applications is Monday 14th October 2019

Non-Executive Chairman - Private Sector

Reference: AK/R/017340
Location: London
Job Type: Permanent
Salary: £30000 - £35000 per annum
Sector: Senior Management

A multi-award-winning and high-profile London based business, operating from stunning facilities, this £30M annual turnover business delivers exceptional service delivering ultra-high luxury products. They are looking to appoint an independent, forward thinking and commercially focused part-time Non-Executive Chairman who is aligned to the culture, values and ethics of the business.

The Chairman will be an accomplished leader to support the strategy for continued growth, succession planning and change. Chairing the Board, this person will ensure our Client’s mission and vision is achieved, create a framework of good governance and provide inclusive leadership to ensure each Board member drives performance and fulfils their duties and responsibilities.

Promoting effective relationships and open communication, the Chairman will encourage constructive debate and challenge, both inside and outside the boardroom. This person will act as a sounding board and mentor to the CEO, challenging where appropriate, whilst ensuring the Board functions as a collaborative team to achieve their agreed objectives.

We are seeking a combination of the following skills and experience:

• A successful track record of leading commercial businesses through change and growth, as a CEO, COO, CFO, FD and/or as experienced Non-Executive Director / Chairman
• A background working with the financial, legal, luxury retail or manufacturing would be beneficial
• Experience of strategy, governance, succession planning, cultural change, employee engagement and development
• Strong people skills, with an inclusive, coaching communication style
• A mature, collaborative and invested approach, effective stakeholder management skills with fellow Directors and the wider business
• Sound judgement with the ability to guide, advise and appropriately challenge business decisions, long-term planning and strategy
• Excellent diplomatic skills, the ability to gain respect and trust of individual Board members, and effectively Chair meetings to identify, where appropriate, a consensus way forward

Remuneration

Base salary £30,000 – £35,000 per annum for a commitment of 3-4 days each month.

Please contact Ash Kohli at HCP (ash.kohli@hcpint.com) for further details.

HCP International is acting as an Employment Agency in relation to this vacancy.

Non-Executive Director - East West Railway Company

Employer: East West Railway Company
Location: London initially, then based in the Oxford-Cambridge corridor
Basis: Permanent, part-time (15-20 days attendance per year)
Role Summary: Provide guidance, encouragement and support to the Leadership team, establishing a strong team empowered to deliver EWR Co.’s strategic aims and objectives

A little bit about us:

East West Rail is a proposed new rail link between Oxford, Milton Keynes, Bedford, Cambridge and potentially beyond. As part of the wider plans for this strategically important corridor, it is one of the most high-profile infrastructure projects in the UK today. The new railway will improve local connectivity and serve as a catalyst for economic development and the creation of new housing, as well as significantly reducing existing journey times.

We are building a diverse team and we welcome people with different types of experience and outlook.

Diversity and inclusion are at the heart of everything we do. Our commitment is based on strong ethical beliefs because we value the individualism each employee brings to our business.

We introduced a number of initiatives to support our diverse team.

We offer a great opportunity to:

• Innovate, positively disrupt and make impactful decisions
• Openly share your ideas and knowledge
• Be part of a professional passionate and diverse team
• Have the right work-life balance
• Be rewarded and recognised for your input

This is a unique opportunity to join the Board of the East West Railway Company, which has been established both to construct the line between Oxford and Cambridge and also to challenge some of the established norms in the rail industry.

In addition to our Chairman, Rob Brighouse, and our Exec Team, we currently have 4 non-Exec Directors and are seeking a 5th NED to complete our Board structure.

Key accountabilities:

• Provide advice to the organisation, representing the interests of the customer within the expectations of Government, regulatory and commercial stakeholders.
• Champion the EWR Co. vision and objectives, challenging Board decisions where appropriate to maintain the aspired strategic direction and culture.
• Provide constructive challenge and hold the Leadership Team to account for effective and efficient delivery against the agreed strategy and business plan.
• Facilitate discussion on key programmatic issues, balancing the legitimate interests of EWR Co. with external stakeholders together with what is considered to be best for the customer journey.
• Challenge and scrutinise the Board and the validity of recommendations made; demonstrating sound independent judgement.
• Offer alternative perspectives to the rail industry norm, based on an ability to consider strategic, complex and often sensitive issues from an informed and balanced viewpoint.

Key Requirements:

• Advanced leadership and people management skills.
• Excellent customer insight.
• Complex and capital-intensive programme delivery/project management.
• Corporate strategy development and implementation.
• Large-scale operating environments.
• Planning process for large, complex programmes.
• Excellent communication and presentation skills.
• Independent judgement with the ability to constructively challenge and encourage.
• Stakeholder engagement – preferably management, government or local authority experience.
• Negotiation and alignment of conflicting stakeholder interests with the ability to resolve disputes.
• Complex financing and funding arrangements, including PFI and PPP arrangements.

You will need to have the right to work in the UK.

Package:

• Salary: £15,000 per annum, based on 15-20 days attendance
• Additional payment: £5,000 per annum if requested to chair any EWR Co Sub-Committee

Application Process:

Please send your resume and a covering letter to recruitment@eastwestrail.co.uk

Closing date: 2 September 2019