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


  • Closed for Applications


  • Panel Sift


  • Final Interview Date


  • Announcement


Closing Date: 4 September 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:

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

DCS-Conflicts-and-Political-activity_NS-and-I-NEDs-July-2022 (2)
20220427 OCPA-REGULATED - Diversity Information Form - Accesible PDF
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NS&I Microsite 4 Sep
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