Sep 302016

Non-executive Director – Chair

Recruiter: National Savings and Investments (NS&I)
Location: London
Salary: Non Specified
Posted: 21 Sep 2016
Closes: 09 Oct 2016
Job Function: Non Executive Chair, Non Executive Director
Industry: Public

NS&I is one of the largest savings organisations in the UK with 25 million customers and more than £135 billion invested. NS&I is both a government department and an Executive Agency of the Chancellor of the Exchequer. Its origins can be traced back over 150 years to 1861.

When customers invest in NS&I products, they are lending to the Government. In return the Government pays interest or prizes for Premium Bonds. All NS&I products offer 100% security because they are backed by HM Treasury.

The role

NS&I is seeking a Non-executive Director (NED) Chair to complement and add value to the current Board; providing leadership and strategic direction, supervising overall management of the organisation’s activities and advising on risk to achieve strategic objectives.

Key responsibilities for the Chair

  • Working with fellow board members to ensure an effective strategy is in place that serves the interests of government and meets agreed performance targets.
  • Monitoring, evaluating and, when necessary, challenging the performance and competence of NS&I senior executives.
  • Ensuring that effective systems exist for internal control and for the identification and management of risk and regularly reviewing major areas of risk and the adequacy of risk mitigation measures.
  • Contributing as a Chair of the Board and a member of its Appointments and Remuneration sub-committee, helping to develop the effectiveness of the whole of NS&I’s governance structure, giving independent assurance, where necessary, to HM Treasury ministers that the organisation abides by the highest standards of business conduct.

The role is a pseudo Senior Manager function 9 (chair) under NS&I’s shadow Financial Conduct Authority Senior Manager regime.

Role requirements

Candidates for this role must have the following experience:

  • Have been or is a Non-executive Director, with experience of working in a complex commercial organisation (e.g. a regulated sector, financial services).

Demonstrate the following key competencies:

  • Independence and impartiality, including an ability to question or challenge the NS&I Executive;
  • Business strategy skills, including an ability to interpret business and management information to determine business performance and development;
  • Influencing and communicating skills, including an ability to develop an effective and constructive relationship with the CEO, other executives and NEDs and other key external influencers.
  • An understanding of government and public sector governance requirements and the way of working; or the ability to quickly gain this understanding.

The appointment made by HM Treasury will be for an initial term of three years. The Treasury is committed to diversity and welcomes applicants from all backgrounds.

For full details and to apply please go to:

Closing date 9 October 2016 5pm

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