Non-Executive Director (NED) (with experience of finance, audit and risk)

Closed
Body: Life Sciences Hub Wales Ltd
Appointing Department: Welsh Government
Sectors: Health, Science & Technology
Location: Meetings will typically be held in Cardiff at the Life Sciences Hub, 3 Assembly Square, Cardiff Bay, but there may be occasions when meetings will be held at other locations. Meetings are currently held remotely due to the Covid-19 pandemic.
Skills required: Accountancy, Audit and Risk
Number of Vacancies: 1
Remuneration: Members will receive £282 per day (up to a maximum of £15,000 p.a.) (Pro rata). Travel and subsistence costs will be paid in line with recognised limits.
Time Requirements: Members will be expected to be available to work a minimum of 12 days per year (1 day per month; the Board will meet at least 6 times a year). The nature of the role makes it difficult to be specific about the maximum time commitment and time demands may fluctuate considerably as matters of urgency arise.

Campaign Timeline

  • Competition Launched

    21/09/2020

  • Closed for Applications

    15/10/2020 at 16:00

  • Panel Sift

    19/10/2020

  • Final Interview Date

    13/11/2020

  • Announcement

    TBC

 

Assessment Panel

Vacancy Description

The Minister for Health and Social Services is seeking to appoint a Board Member for Life Sciences Hub Wales Ltd. For this post, applicants are sought with an interest in the Life Sciences sector with particular experience of the life sciences or health technology industry.

Applicants will be expected to demonstrate a commitment to generating and developing opportunities for achieving economic growth and developing the industryNHS joint working interface. Consideration will also be given to candidates from outside the Life Sciences sector who can demonstrate similar skills and experience.

The role of the Board is to:

 provide effective leadership; defining and developing strategic direction and setting challenging objectives;
 promote high standards of public finance, upholding the principles of regularity, propriety and value for money;
 ensure the LSHW Group’s activities are conducted efficiently and effectively
 monitor performance to ensure the LSHW meets its aims, objectives and performance targets;
 ensure strategies are developed for meeting the LSHW’s objectives in accordance with the policies and priorities established by the LSHW in conjunction with the Welsh Ministers and other relevant stakeholders, for example employees, customers and funding providers;
 ensure that Ministers are kept fully informed of any changes likely to impact on the strategic direction of the LSHW or on the attainability of its targets, and of steps needed to deal with such changes;
 ensure the LSHW banking arrangements are adequate for its purposes;
 ensure effective arrangements are in place to provide assurance on risk management, including information security, governance, internal audit, external audit and internal control in accordance with applicable statutory and regulatory requirements and, where relevant, Codes of Practice or guidance applicable to the financial services sector.

Board Members will:
 demonstrate and promote the Seven (Nolan) Principles of Public Life.
 take an active part in discussions, providing your advice, opinion and challenge, and support to the Board on key issues.
 support the CEO in the appointment of senior staff and the mentoring of existing staff.
 contribute to the development and maintenance of a healthy culture across the organisation.
 contribute to the work of the Board based upon your independence, your past experience and knowledge, and your ability to stand back from the day to day operational management.
 fully understand the business through active involvement, establishing effective mechanisms for maximising economic opportunities from the life sciences sector to support health and social care in Wales.
 analyse and critically review complex information and contribute to sound decision-making, strategy development and guide the operational plan of the business.
 oversee the effective stewardship of resources, ensuring openness and accountability in the allocation and utilisation of resources
 discharge effective governance of the organisation, in all its integrated forms.
 foster close working relationships with experts and organisations within the sector at national and international level and act as an advocate for LSHW.
 serve on any sub-committees of the Board, such as the Audit, Risk Assurance sub-committee (ARAC) or the
 Human Resource and Renumeration sub-committee (HRRC) and keep abreast of any matters arising.

Person Specification

Essential Criteria

 Experience of holding a senior finance practitioner role with board level experience of audit and risk management.
 Relevant financial qualification.
 Experience of audit, governance and compliance at board level.
 Experienced member of a committee or sub-committee.
 Ability to contribute to discussions, offer challenge and engage in the decision making process.
 Ability to credibly represent a wide range of perspectives for example by having a strong network already in place or the ability to develop and maintain a credible and effective network.
 Excellent communication and interpersonal skills.
 A demonstrable interest in, knowledge and understanding of the sector including the challenges and opportunities available.
 An understanding of the obligations involved when serving on a board and the credibility to do so.

Desirable Criteria
 Experienced chair of a committee or sub-committee.
 An interest in new models of health, social care and wellness.
 Experience of working across the public and private sectors.

Welsh Language
Board Members – Welsh desirable

Welsh language skills are highly desirable but not essential to undertake the duties of this role. However, it is essential that the board, as a whole, increases its Welsh language skills and is actively seeking Welsh speaking candidates. Therefore, applications from individuals with Welsh language skills (at Level 2 and above) are particularly welcomed:

 Can understand basic conversations about everyday topics;
 Can read simple material on everyday topics with understanding.

All Board members are expected to display an understanding of and empathy towards the Welsh language.

Additional Information

Contacts:
For further information regarding the selection process, please contact:

Andrew Richardson
Head of Governance, Risk and Compliance
Life Sciences Hub Wales
Tel: 07503 643719
Email: andrew.richardson@lshubwales.com

Public Appointments Team
Public Bodies Unit
Welsh Government
Email: publicappointments@gov.wales

Attachments
Doc 5a LSHW Information for Candidates (Finance NED) v1
Welsh 5a LSHW Information for Candidates (Finance NED) v1
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