National Savings & Investments, Non-Executive Director

Body: National Savings & Investments
Appointing Department: HM Treasury
Sector: Business, Finance & Skills
Location: Various
Skills required: Business / Commercial, Change Management
Number of Vacancies: 1
Remuneration: £18,000 per annum
Time Requirements: Around 18 days a year

Campaign Timeline

  • Competition Launched

    22/07/2022

  • Closed for Applications

    31/08/2022

  • Panel Sift

    TBC

  • Final Interview Date

    TBC

  • Announcement

    TBC

Closing Date 23:59 31 August 2022; Longlist Meeting w/c 12 September 2022; Shortlist Meeting w/c 26 September 2022; Fireside Chats w/c 3 October 2022; Final Panel Interviews w/c 10 October 2022

Vacancy Description

Key Responsibilities and Main Tasks of Non-executive Directors at NS&I Include:

  • Strategy
    Helping ensure a sound strategy for NS&I is in place serving the interests of government and meeting agreed performance targets. Non-executive Directors support the development of the strategy by challenging the Executive Team in terms of robustness and contributing ideas, bringing their own expertise and experience to bear as external sources of advice on key strategic issues.
  • Management and Outsourcing Oversight
    Playing a key role in the monitoring, continuous evaluation and, where necessary, challenging the performance and competence of NS&I senior executives. This includes challenging behaviour demonstrated by Executive Directors that is not in line with NS&I’s values and accepted corporate ethical standards. They will also contribute as to the development of NS&I’s outsourcing partnership.
  • Risk and Compliance
    Ensuring that effective systems exist for internal control and for the identification and management of risk; and will regularly review major areas of risk, and the adequacy of risk mitigation measures.
  • Governance
    Contributing as a member of the Board and its sub-committees. Non-executive Directors also develop the effectiveness of NS&I’s governance structure, as appropriate, giving independent assurance to HM Treasury Ministers that NS&I abides by the highest standards of business conduct.

Person Specification

Candidates For This Role Must Have the Following Experience:

  • Have been or is a Non-Executive Director, with significant experience of taking a retail customer-centric approach to development and delivery of products and services, gained in financial services.
  • Demonstrable experience of working in the UK financial services market and knowledge of UK financial services regulatory regime.
  • Be a professionally qualified accountant and have previous audit and risk committee experience.

Demonstrate the Following Key Competencies:

  • Independence and impartiality, including an ability to question or challenge the NS&I Executive, using and applying their experience from elsewhere, and to challenge constructively the existing way of doing things.
  • Business strategy skills, including an ability to interpret business and management information to determine business performance and development, an ability to simplify and focus on big issues, and an ability to understand and appreciate the impact of transformational change that has already taken place within NS&I and to support the continuing need for change.
  • Influencing and communicating skills, including an ability to develop an effective, inclusive, and constructive relationship with the CEO, other executives and NEDs and other key external influencers. Ability to manage a board effectively including meeting management.

Desirable Experience:

  • Direct experience of the public sector is desirable but not required.

Additional Information

OCPA complaints process

As this campaign is regulated by the Commissioner for Public Appointments, if you are not content with our response, please contact the Commissioner for Public Appointments at:

https://publicappointmentscommissioner.independent.gov.uk/

Further information on the complaint procedure can be found on the Commissioner for Public Appointment’s website:

https://publicappointmentscommissioner.independent.gov.uk/complaints/

How to Apply

If you wish to apply for this position, please supply the following:

A comprehensive CV setting out your career history, with responsibilities and achievements.

A covering letter (maximum two sides) highlighting your suitability and setting out how you meet the person specification. Please note that the covering letter is an important part of your application and is as much the means by which you will be assessed as your CV.

Diversity Monitoring Form – all candidates are also requested to complete a Diversity Monitoring Form. Your Diversity Monitoring Form will be stored separately from your application and will play no part in the selection process. If you submitted your application via email, you will be emailed a link to the Diversity Monitoring Form here

Candidates are required to complete the Disability Confident Scheme, Political Activity and Conflict of Interest form here

The interview panel will be chaired by Ed Anderson, NS&I’s Chair, and include Kunal Patel, HM Treasury representative on NS&I’s Board and Deputy Director, Debt and Reserves Management Team, and Alison Cottrell, an Independent Panel member.

Any offer of appointment is conditional upon references and satisfactory conclusion of security enquiries (criminal records and financial check).

Please submit your application by 11:59pm 31st August 2022.

You can apply via the Microsite here: NS&I (green-park.co.uk)

If you want to know more about the role or selection process, please contact Laura Stuart: laura.stuart@green-park.co.uk

Disability Confident Committed

As part of the Civil Service, we are committed to the Government’s Disability Confident scheme. We will interview candidates with a disability who meet the minimum essential criteria for a job vacancy.

As a Disability Confident Committed Employer, we have committed to:

  • ensure our recruitment process is inclusive and accessible.
  • communicating and promoting vacancies.
  • offering an interview to disabled people.
  • anticipating and providing reasonable adjustments as required.
  • supporting any existing employee who acquires a disability or long- term health condition, enabling them to stay in work.
  • at least one activity that will make a difference for disabled people.
Attachments
NS&I Microsite - PDF
DCS-Conflicts-and-Political-activity_NS-and-I-NEDs-July-2022 (2)
20220427 OCPA-REGULATED - Diversity Information Form - Accesible PDF
HMT Public Appointment Recruitment - Privacy Notice
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