Money and Pensions Service (MaPS) - Non Executive Director

Announced
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

Announcement

An announcement has been made on the outcome of this appointment.

The Money and Pensions Service announces appointment of new non-executive director
The Money and Pensions Service (MaPS) has announced the appointment to its Board of a new non-executive director, Alex Heath.

Joining the MaPS Board from 1 March 2021, Alex brings with him a wealth of experience from the digital sector, including most recently as founder of CrowdRating, a screening service for equity crowdfunding investors. Alex is also Chairman of Artfinder, and Chairman designate of Fairer Finance, an independent provider of product and customer experience ratings on consumer finance and insurance products.

Alex joins the MaPS Board which includes Sir Hector Sants, Chair; Ann Harris OBE, CBFA; Elaine Kempson CBE; Tim Jones CBE; and Moray McDonald.

Sir Hector Sants, Chair of MaPS, said:
“I am delighted to welcome Alex to the MaPS Board. MaPS, with its stakeholders and partners throughout the UK, is increasingly challenging itself to find new ways to use digital channels to improve people’s financial wellbeing. Alex’s experience of digital innovation will be an invaluable addition to our Board.”

Alex Heath says:
“I am a passionate believer in helping people to make the most of their life chances, and key enablers for this are gaining a good financial education at an early age and having access to timely and good financial guidance and advice. I believe that the MaPS Strategy for Financial Wellbeing addresses these areas with clear and achievable goals and I am delighted to have been asked to assist MaPS in achieving them.”

-ENDS-

For media enquiries contact:
MaPS Press Office 020 8132 5284 / media@maps.org.uk
Mia Cochrane, senior press officer 020 8132 4937 / mia.cochrane@maps.org.uk
Richard Prescott, senior communications manager Richard.Prescott@maps.org.uk
About Alex
Alex is a digital pioneer, having spent his early career building the UK’s first cable communications network with Virgin Media and its first online investment portal as CEO of interactive investor. In recent years he has founded CrowdRating, a screening service for equity crowdfunding investors, and is Chairman designate of Fairer Finance, the independent provider of product and customer experience ratings on consumer finance and insurance products. He is also Chairman of Artfinder, the UK’s leading on-line marketplace for affordable art.

Alex was educated at St Andrews University and UC Berkeley, and has an MBA from Harvard Business School. Alex is married with two teenage children and lives in Somerset.

About the Money and Pensions Service 
The Money and Pensions Service (MaPS) is here to ensure every person feels more in control of their finances throughout their lives: from pocket money to pensions. When they are, communities are healthier, businesses are more prosperous, the economy benefits and individuals feel better off. MaPS delivers free and impartial money and pensions guidance to the public through the Money Advice Service, The Pensions Advisory Service and Pension Wise.

MaPS is working to make sure the whole of the UK understands that financial, physical and mental health are all deeply connected. MaPS’ role is to connect organisations with the shared purpose of achieving the five goals set out in the UK Strategy for Financial Wellbeing.

MaPS supports innovation so that everyone can use the most effective methods to help people feel more in control of their money, targeted to those most in need and inclusive of people from all backgrounds. MaPS is an arm’s-length body sponsored by the Department for Work and Pensions (DWP).

For further information visit www.maps.org.uk. Members of the public can get free guidance about their money and pensions via:

www.moneyadviceservice.org.uk / 0800 138 7777

www.pensionsadvisoryservice.org.uk / 0800 011 3797

www.pensionwise.gov.uk / 0800 138 3944 

Date: 01/03/2021

View Announcement

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

    01/03/2021

 

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].

 

How to Apply

In order for us to progress your application please submit the following completed documentation:

1.A CV (maximum 2-3 pages) with your education and professional qualifications and full employment history.

2.An accompanying Supporting Statement (maximum 2 pages and State the post that you are applying to at the top of the statement)  – this is your opportunity to demonstrate how you meet each of the criteria set out in this information pack. The initial sift is based on this information so it is important to fully address the criteria. You should aim to provide specific examples that demonstrate how your knowledge and experience matches each of the criteria, and which describe what your role was in achieving a specific result.

Please ensure your full name is clearly stated at the top of your CV and supporting statement.

3.Personal Information Form.  Most of the information requested is not seen by the panel assessing your application (though the panel may consider your declaration of interests).

4.Diversity Monitoring Form. Collecting and analysing candidate data will help us improve our diversity strategy. It will allow us to run more successful recruitment exercises in the future and ensure that competitions are fair for all. This form is not part of the selection process and will be treated in strictest confidence. It will be kept separate from your application and not be seen by the selection panel.

 

The closing date for applications is Friday 11 September 2020 at 17:00

 Please email your application to: alb.publicappointments@dwp.gov.uk

If you have any difficulty in sending your application or need the application pack in an alternative format (e.g. Braille, large print, audio CD, tape or e-text), please contact the ALB Public Appointments Team on 07464518793

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