Mar 262015


Recruiter: CHAPS CO
Location: United Kingdom
Salary: Not specified
Posted: 25 Mar 2015
Closes1: 3 Apr 2015
Job Function: Chair, Non Executive Director
Industry: Finance
Position Type: Permanent

One of the UK’s systemically important Payment Scheme Operators

CHAPS Co is one of the principal electronic payment schemes and, as such, is critical to the operation of the economy. It handles over £68 trillion of payments every year.  CHAPS Co is owned by its banking users and is subject to oversight by the Bank of England and, from 1st April 2015, the Payment Systems Regulator.

CHAPS Clearing Company Ltd is seeking to appoint an Independent Non-Executive Director (INED) to its Board, to replace an existing INED whose term comes to an end in July 2015. This is to ensure continued compliance with Corporate Governance Best Practice and that appropriate focus is given to public interest issues. The new INED will also be required to Chair the Company’s Risk Committee.

The INED will be expected to help ensure that the scheme operates effectively and efficiently whilst safeguarding the public interest. As one of three INEDS, they will lead in promoting openness and innovation in payments and access to this vital system.

The position will require a time commitment of up to three days per month and will be competitively remunerated.

All  candidates  will  need extensive experience of risk management and will be joining the Board at a time of considerable change in  the Payments Industry (as highlighted by the Payment Systems Regulator’s core objectives around Competition, Innovation and the Service User) . They should either have experience in payments, banking or financial services, or in a complex technology or systems based industry.  Board experience and experience chairing a Board committee (preferably a Risk Committee) or a Board is essential.

An understanding of payment and settlement systems and processing is highly desirable.

All candidates must be able to demonstrate their impartiality and independence.

If you are interested in APPLYING, please register your interest at the following email address, attaching a copy of your CV:

The closing date for applications is Monday 13th April 2015

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