British Business Bank: Non-Executive Director

Body: British Business Bank
Appointing Department: Department of Business, Energy and Industrial Strategy
Sector: Business, Finance & Skills
Location: London & Sheffield
Number of Vacancies: 1
Remuneration: £25,000 per annum
Time Requirements: Approximately 20 days per year

This is not a ministerial appointment.

Campaign Timeline

  • Competition Launched

    09/07/2021

  • Closed for Applications

    09/08/2021 at 12:00

  • Panel Sift

    TBC

  • Final Interview Date

    TBC

  • Announcement

    TBC

Vacancy Description

The UK Government established the British Business Bank in November 2014 as a long-term institution charged with ensuring the finance markets in the UK serve the needs of UK SMEs and mid-sized businesses. It has a single shareholder, the Secretary of State for Business, Energy and Industrial Strategy (“BEIS”).

The mission of the Bank is to drive sustainable growth and prosperity across the UK by improving access to finance for small businesses, enabling them to succeed in the transition to a net zero economy, change the structure of the finance markets for smaller businesses and mid-caps so these markets work more effectively and dynamically.

As a Non-Executive Director of the Bank, the successful candidate will be expected to play an active and integral part in the long-term success and the strategy of the Bank, given the collective responsibility of the Board. As a fully functioning financial service entity, the role holder should be able to contribute to matters ranging, for example, from the challenges facing SMEs with respect to finance, the management of a wide variety of risks ad the technological challenges facing today’s financial services industry.

Whilst all Board members should possess the appropriate balance of skills, experience and independence to discharge their duties and responsibilities, the Bank, seeks to bring different skills to the Board. An area of real interest is the appointment of a Non-Executive Director who brings insight into the concerns of SMEs derived from having practical entrepreneurial experience in building and developing a business. It is envisioned that this individual will ‘champion’ the Start Up Loans programme on the Board. This programme aims to encourage entrepreneurship in the UK, increase the rate of business creation and improve survival prospects. Adding these complementary skills would enhance the Board.

The successful candidate will:

  • Contribute to setting, monitoring and challenging the strategic direction of the Bank, by assisting in developing key strategic objectives, overseeing the achievement of those objectives and challenging the on-going appropriateness of those objectives.
  • Contribute to open and honest debate at Board meetings and provide constructive challenge to the executive decisions, adding diversity of thought and industry experience to the Board.
  • Promote the long-term success of the Bank and ensure the accountability of the Bank, scrutinising the performance of management in meeting agreed goals and objectives and monitoring the reporting of performance.
  • Uphold high standards of integrity and probity and support the Chairman and executive directors by seeking to instil the appropriate culture, values and behaviours in the boardroom and beyond.

 

Person Specification

The right candidates are likely to have the following attributes:

  • Being able to speak from direct experience of founding, growing and selling an SME(s), possibly a serial entrepreneur with experience in accessing external finance to start, grow and develop a business.
  • A good understanding of how financial markets work, in particular, at small and early-stage investment.
  • Knowledge and experience in developing environmental, social and governance (ESG) policies within a business is preferable.
  • Managing relationships at Board level with some Board and/or NED experience.
  • Experience in a digitally enabled business with an understanding of digital marketing and communications within disruptive business models.
  • Have the intellect and breadth of vision that will enable him/her to fully contribute to strategic and high-level operational discussions.
  • Strong analytical and interpersonal skills.
  • Credibility and communication skills to operate confidently and effectively both internally and externally.
  • Be prepared to be appropriately challenging to the executive and able to scrutinise performance, whilst also providing appropriate support.
  • Be able to work effectively as part of a team in a low ego environment. Flexibility, a sense of humour and good interpersonal skills are also important.
  • Apply common sense, pragmatism and good business judgement to key issues.
  • Be an enthusiastic, inquisitive and robust individual, committed to pursuing and exploring all issues relevant to the business and governance of the firm.
  • Have the time to carry out this role effectively and the interest in BBB to want to add real value to the Board and the business.

Additional Information

Please refer to the attached candidate pack for more information about the role, the process and the Board.

How to Apply

In order to apply, please submit a comprehensive CV which encapsulates the aspects of your experience relevant to the required criteria. Please include the names and addresses of three referees. Referees will not be approached until the final stages and not without prior permission from candidates.

The preferred method of application is online at:

www.odgers.com/83355

If you are unable to apply online please email:

emma.burnett@odgersberndtson.com

All applications will receive an automated response.

All candidates are also requested to complete an online
Equal Opportunities Monitoring Form which will be found at
the end of the application process. This will assist British
Business Bank in monitoring selection decisions to assess
whether equality of opportunity is being achieved. Any
information collated from the Equal Opportunities
Monitoring Forms will not be used as part of the selection
process and will be treated as strictly confidential.

Attachments
Candidate Brief Published_British Business Bank_Non-Executive Director

This post is NOT regulated by The Commissioner for Public Appointments.

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