NS&I Non-Executive Director

Body: NS&I
Appointing Department: HM Treasury
Sector: Business, Finance & Skills
Location: London
Skills required: Business / Commercial, IT / Digital, Procurement, Regulation, Retail
Number of Vacancies: 1
Remuneration: £18,000 per annum. Reasonable travel expenses and subsistence will be reimbursed.
Time Requirements: Around 18 days per year (plus travelling time)


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

Jill Lucas has been appointed as a NS&I Non-Executive Director and James Furse’s term has been extended

Date: 06/02/2019

View Announcement

Campaign Timeline

  • Competition Launched


  • Closed for Applications


  • Panel Sift


  • Preliminary Interviews with Odgers Berndtson

    w/c 15th and 22nd October

  • Shortlist Meeting


  • Meetings with NS&I Chief Executive & Executive Team

    w/c 5th November

  • Final Interview Date


  • Announcement



Assessment Panel

Vacancy Description


NS&I is one of the largest savings organisations in the UK with 25 million customers and £147 billion invested. NS&I is both a government department and an Executive Agency of the Chancellor of the Exchequer. Its origins can be traced back over 150 years to 1861.

When customers invest in NS&I products, they are lending to the Government. In return the Government pays interest or prizes for Premium Bonds. NS&I offers 100% security on all deposits


The Non-Executive Director (NED) Role

NS&I is regulated by HM Treasury which requires it to aim to comply with FCA requirements where applicable and appropriate on a voluntary basis. NS&I’s Board Operating framework reflects the FCA requirements for corporate governance – it has a shadow compliance regime in place whereby all colleagues are expected to behave in accordance with the FCA’s conduct rules and other key requirements.

This NED role is a pseudo SMF 15 role under the new FCA Senior Managers Regime and is subject to both the FCA’s Individual Conduct Rules and the Senior Manager Rules. These rules are built into NS&I’s refreshed competency framework.


Key responsibilities and main tasks for NEDs include:

  • Strategy. Helping ensure a sound strategy for NS&I is in place serving the interests of Government and meeting agreed performance targets. They support the development of the strategy by challenging the Executive 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 members of the NS&I/Atos Partnership Governance structure to the development of the partnership itself by forging open and transparent links with senior Atos management.
  • 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. They also develop the effectiveness of the whole NS&I’s governance structure, as appropriate, giving independent assurance to HM Treasury Ministers that NS&I abides by the highest standard of business conduct.


Person Specification

Candidates for this role must have the following experience: 

  • Significant senior experience of developing and implementing IT strategies and digital customer experience, ideally gained in a retail environment.


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 and constructive relationship with the Chair, CEO, other executives and NEDs and other key external influencers.
  • An understanding of government and public sector governance requirements and the way of working; or the ability to quickly gain this understanding. Direct experience of the public sector is not required.


Additional Information

The appointment of a Non-Executive Director is for an initial term of three years, renewable for a further three years.


How to Apply

The recruitment process is being undertaken by Odgers Berndtson on behalf of NS&I. 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.
  • Please provide details of two professional referees together with a brief statement of the capacity and over what period of time they have known you. Referees will not be contacted without your prior consent.
  • Diversity monitoring form – All candidates are also requested to complete a Diversity Monitoring Form. Once you have applied, you will be emailed a link to the Diversity Monitoring Form. Your Diversity Monitoring Form will be stored separately from your application and will play no part in the selection process.
  • Candidates are required to complete the Guaranteed Interview Scheme, Political Activity and Conflict of Interest Monitoring Questionnaire. This can be found below, or by visiting: www.odgers.com/67591. Please download the form and return to nina.dempsey@odgersberndtson.com with the subject line 67591.


The preferred method of application is online at www.odgers.com/67591

If you are unable to apply online please email your application to 67591@odgersberndtson.com

All applications will receive an automated response.


Any postal applications should be sent to the Assignment team.

Government Practice


Odgers Berndtson

20 Cannon Street

London EC4M 6XD


Further Information

If you would like an informal conversation about this role, please contact Odgers Berndtson: Simon McDonald on +44 20 7529 6359 or Laura Spurgin on +44 207 529 1072.

Equal Opportunities Monitoring

As part of the application process we ask candidates to complete equal opportunities monitoring information. This will help us to follow the recommendations of the Equal Opportunities Commission, the Commission for Racial Equality and the Disability Rights Commission, that employers should monitor selection decisions to assess whether equality of opportunity is being achieved. The information on the form will be treated as confidential, and used for statistical purposes only. The form will not be treated as part of your application.

1 - 67591_NS&I_Candidate Brief
2 - Guaranteed Interview Scheme, Political Activity, and Conflict of Interest Monitoring NS&I 2018
3 - OCPA-Monitoring-Form
4 - HM Treasury Public Appointment Recruitment Privacy Notice
1 - 67591_NSI&I_Candidate Brief (revised timeline)
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