Jun 292020

Non-Executive Directors – Scottish National Investment Bank

Location: Edinburgh
Date Posted: 24/06/2020
Closing Date: 24/07/2020
Appointment of Non-Executive Directors to the Board of the Scottish National Investment Bank
Appointments commencing from 1 October 2020

£21,250 a year

Details for general Non-Executive Directors and the Chairs of the Audit, Risk, Remuneration Committee’s, a Member of the Investment/Valuation Committee, and the role of Senior Independent Director, are set out in the applicant pack. If you have questions about the roles, please contact the Scottish National Investment Bank Team by email at WorkforSNIB@gov.scot.

Essential Skills – General Non-Executive Director

These positions require experience at a senior executive or non-executive level, of strategy; governance; and risk and performance evaluation:

  • Strategy – the ability to and experience of developing and implementing strategic business plans;
  • Governance – experience as a leader in an organisation with a record of achievement throughout their career;
  • Risk and Performance Evaluation – experience of working within a risk management framework.

Skills for Required Roles – Specialist Non-Executive Director

Those interested in the roles below should also provide evidence of at least one of the following:

  • Audit Committee Chair – a working knowledge and experience of financial performance management and reporting in a regulated financial services environment;
  • Risk Committee Chair – a working knowledge and experience of risk management gained in a regulated financial services environment;
  • Remuneration Committee Chair – experience of designing or operating executive compensation schemes within a financial services sector regulatory framework;
  • Senior Independent Director – previous board experience at Chair or Non-Executive Director Level, with an understanding of the Government economic policy landscape and how the public sector operates, and direct experience of working and engaging with Government;
  • Investment/Valuation Committee Member – experience in an investment or banking context of Investment and Valuations;
  • Economic Development (Scotland) – knowledge of the business and economic environment in Scotland including an understanding of the challenges experienced in accessing investment;
  • Economic Development (UK and International) – knowledge of the business and economic environment in an international context or markets outwith Scotland.

Time Commitment and Remuneration

Non-Executive Directors will be expected to devote up to 25 days per year to the role although further time may be required in the first year of appointment. This can be discussed with the Chair if appointed and will be reviewed at the end of the first year. Those appointed Chairs of Committees and the Senior Independent Director will commit to a further five days per year to the role.

Non-Executive Directors will receive up to £21,250 per annum. Those appointed Chairs of Committees and the Senior Independent Director will receive an additional £4,250 per annum. Reasonable expenses incurred will be reimbursed. The appointments are non-pensionable.

Length of Term

The lengths of the terms of the appointments will be different and dependent on the role the Non-Executive Director is appointed to on the Board. No term will run for more than five years in the first round of appointments. Reappointment is not automatic and is subject to performance and the individual continuing to satisfy the requirements of the role.

An application pack and full details on this and other public appointments can be found at www.appointed-for-scotland.org.

The closing date is Friday, 24 July 2020. The tailored career history, letter and form should be sent to WorkforSNIB@gov.scot.

Accessibility to public appointments is a fundamental requirement and the public appointments process promotes, demonstrates and upholds equality of opportunity for all applicants. The Scottish Government will always give consideration to disability-related reasonable adjustments that an applicant might request to enable them to demonstrate their merit and participate fully in the selection process. If you require any of the application pack documentation in an alternative format, please contact public.appointments@gov.scot.

Scottish Ministers particularly welcome applications from groups currently under-represented on Scotland’s public bodies, such as women, disabled people, ethnic minorities and people aged under 50. Please do complete our monitoring form when you apply as this helps us to ensure that the appointments process is accessible to everyone.

Appointed on merit; committed to diversity and equality

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