Money and Pensions Service (MaPS) - Non Executive Director

Closed
Body: Money and Pensions Service
Appointing Department: Department for Work and Pensions
Sectors: Business, Finance & Skills, Charity & Public Sector, Education
Location: London
Number of Vacancies: 2
Remuneration: £18,000 Per Annum
Time Requirements: A minimum time requirement of 36 days per year

Campaign Timeline

  • Competition Launched

    07/08/2020

  • Closed for Applications

    11/09/2020 at 17:00

  • Panel Sift

    TBC - w/c 28 September 2020.

  • Final Interview Date

    TBC - w/c 9 November 2020.

  • Announcement

    TBC

 

Assessment Panel

Vacancy Description

The Money and Pensions Service’s (MaPS) vision is everyone making the most of their money and pensions.

It is an arm’s-length body, sponsored by the Department for Work and Pensions, with a joint commitment to ensuring that people throughout the UK have guidance and access to the information they need to make effective financial decisions over their lifetime.

MaPS is funded by levies on both the financial services industry and pension schemes.

DWP is seeking two Non-Executive Directors (NEDs) with a range of established skills/competences to oversee the governance arrangements in MaPS. DWP is looking for candidates who can provide experience from other organisations with challenges on a similar scale to MaPS

 

About the MaPS Board

The MaPS Board is responsible for:

•Approval of the material extension or reduction of the MaPS core activities or change to the high-level corporate structure.

•The MaPS Board supports the Chief Executive Officer (CEO) as Accounting Officer in agreeing the UK Strategy for Financial Wellbeing; the MaPS 3-year corporate strategy and plan; and one-year corporate plan and funding plan, which is then agreed with Ministers via the Department for Work and Pensions (DWP). The MaPS 3-year corporate strategy and plan, along with the 1 year corporate and funding plan will set out the targets, priorities and resources.

•The Board establishes a clear control framework to support the effective management of performance against external risk and delivery standards, supported by delegations of authority, clear business processes, policies and procedures.

•The Board oversees the delivery of the Pensions Dashboard Programme.

The Board currently consists of the Chair and five Non-Executive Directors. The Board has five standing Committees chaired by Non-Executives: Audit, Risk and Assurance, Remuneration & People, Nominations, Finance and Investment and Pensions Dashboard Oversight.

The Board currently meets ten times a year

 

The role of the Non-Executive Director

As a Non-Executive Director at MaPS:

• You will share responsibility as part of the board to oversee the effective delivery of the organisation’s mandate. For 2020/21 this includes overseeing both the “in crisis” and post crisis response to COVID-19, the production of the 3-year plan/annual plan for 2021/22, the roll out of the UK Financial Wellbeing Strategy, the continued culture, values and HR work.

• You will use your expertise to create one organisation ensuring that MaPS has an effective risk management and assurance framework across the whole organisation.

• Both post-holders will use their expertise to engage directly with the Senior Executive Team to assist in the effective delivery of  the organisation’s mandate as required.  This includes overseeing both the “in crisis” and post crisis response to COVID-19, the production of the 3-year plan/annual plan for 2021/22, the roll out of the UK Financial Wellbeing Strategy, the continued culture, values and HR work.

 

Person Specification

Essential Criteria  

There are two posts available. We are seeking candidates with the following expertise:

Post 1

Digital Engagement: This person will have current technological and digital insight, with an understanding of the power of digitalisation as an engagement tool for consumers and as a way to look at new ways of working.

This person will be skilled in how an organisation uses communications with a variety of audiences, across digital and social platforms, to deliver a more integrated service for customers throughout their financial lives and change their attitudes to money.

Post 2

Education/Youth: This person will have current educational or learning or youth insight and will be expected to generate/secure support for all aspects of the MaPS financial wellbeing strategy from the wider educational sector and community.

 

Additionally
successful candidates will also need to demonstrate the following:

Strategic skills, including an ability to analyse complex issues across sectors and industries, maintain independence of view and to guide and facilitate the resolution of complex debates;

Influencing and communication skills, including an ability to develop relationships quickly and maintain/sustain them when dealing with disparate views and agendas, communicating clearly and effectively to a wide range of audiences to gain engagement and buy-in;

Pro-active and results orientated, including an energy, drive and resilience to continue to move forward to achieve planned goals, while ensuring everyone is on board; and

• An understanding of the economic and political environment within which the public sector operates.

 

Desirable

Candidates will have an understanding of consumer issues, across different customer types including children and young adults, and across a number of specialisms including vulnerability, gender and mental wellbeing to help contribute to the organisation’s National Goals to enable delivery of its five financial wellbeing outcomes[1].

 

Attachments
Diversity Form (MaPS - Non Executive Director)
Personal Information Form (MaPS - Non Executive Director)
MaPS Candidate Pack. FINAL
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