Non-Executive Director & Chair, Risk Committee

Body: UK Export Finance
Appointing Department: UK Export Finance
Sector: Business, Finance & Skills
Location: Board meetings usually take place in Westminster, London SW1A. (Over the last 18 months, meetings have been held online)
Skills required: Accountancy, Audit and Risk
Number of Vacancies: 1
Remuneration: £15,000 per annum, plus an additional £5,000 per annum for chairing the Risk Committee
Time Requirements: At a minimum, you will be expected to prepare for and attend eight to nine Board meetings per annum plus a smaller number of committee meetings.

Campaign Timeline

  • Competition Launched

    22/12/2021

  • Closed for Applications

    31/01/2022

  • Panel Sift

    14/02/2022

  • Final Interview Date

    14/03/2022

  • Announcement

    11/04/2022

 

Assessment Panel

Vacancy Description

International trade generates wealth, creates jobs, and increases consumer choice. UK Export Finance (UKEF) is at the heart of the Government’s Export Strategy, helping British businesses succeed overseas, driving sustainable growth and prosperity.  Founded in 1919 as the world’s first export credit agency, we have been innovating for 100 years.

We provide, guarantees, loans and insurance to help UK companies win overseas sales, fulfil export contracts, and make sure they get paid.  We exist to complement the private sector, and work with over 100 private credit insurers and lenders.

In 2020-21, we provided £12.3 billion in financial support for UK exports to 77 countries.  549 companies were able to export with our support, indirectly benefiting many more companies in supply chains.

UKEF seeks to add a NED who can bring skills, qualities and experience including a strong understanding of Credit, Enterprise and operational Risk with the capability of Chairing the UKEF Risk Committee.

This is an exciting time to join UKEF, and to play a key part in supporting the UK’s international trade goals and objectives

Person Specification

Candidates will require the credibility to interface with other wider Whitehall stakeholders including UKGI & HM Treasury.  Although, initially, you do not need to be familiar with UKEF you will be expected to demonstrate an ability to quickly understand UKEF’s priorities, objectives and challenges. In making the appointment, we will also focus on the following criteria:

Essential

  • Non-executive experience as part of a Risk Committee for a financial institution
  • Credibility to chair the UKEF Risk Committee, having been either:
    • chair of a Risk Committee for a financial institution; or
    • a successful risk or senior manager within a financial institution
  • Excellent knowledge and experience of credit, enterprise & operational risk management and control processes
  • Experience of credit risk analysis and portfolio management in relation to capital market transactions, preferably including emerging market exposures and restructuring situations.
  • Interpersonal skills to interact with internal and external stakeholders, contribute to strategic discussions, mentor executives and help maintain a strong risk culture

Desirable

  • Experience and understanding of international trade and export markets, particularly for capital goods.
  • In-depth knowledge of the risk environment in both overseas and domestic markets across a range of sectors and exporter types.
  • Knowledge of the public sector environment.

Additional Information

Due Diligence

Please note that references and due diligence checks will be completed for all shortlisted candidates.

Standards in public life:

Candidates must confirm that they understand the standards of probity required of public appointees outlined in the ‘Seven Principles of Public Life’ (as set out in Annex 1) drawn up by the Committee on Standards in Public Life

Conflicts of interest:

Applicants must disclose information on personal connections, which if they were appointed, could lead to a conflict of interest or be perceived as such.

It is very important therefore that all applicants provide appropriate details which might be construed as being in conflict with the appointment for which they are applying.

If it appears from the information provided on the form that a possible conflict might exist or arise in the future, this will be fully explored with the applicant with a view to establishing whether it is sufficiently significant to prevent the individual from carrying out the duties of the post. The panel will do this at interview stage.

Due to the nature of this role, candidates who are currently on the Board of or employed by an institution which has a commercial relationship with UKEF should discuss this with Odgers before applying.

How to Apply

Applicants should provide a copy of their CV together with a statement of suitability (no more than two A4 pages) explaining why you are interested in the position and how your personal skills, qualities and experience provide evidence that you meet the criteria outlined in the person specification.

To apply for this post, you will need to submit the above documentation to Executive Jobs Opportunities | Odgers Berndtson (reference 84757) by no later than 11 pm on Monday 31 January 2022.

As part of the application process, you will be asked to fill out a diversity monitoring form as well as declaring any actual or perceived conflicts of interest.

You will receive an acknowledgment of your application through the online process.  The panel will then assess your application to select those demonstrating the best fit with the role by considering the evidence provided against the criteria set out in the ‘Person Specification’ section. Failure to address any or all of these criteria may affect your application.  Candidates will be advised of the outcome of decisions as soon as possible.

Please note this campaign is being run in association with UK Government Investments (UKGI) – candidates are asked to read the UKGI privacy notice prior to applying.

 

Attachments
UKEF - NED and Chair of Risk Committee - candidate pack

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

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