NS&I Non-Executive Director

Closed
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)

Campaign Timeline

  • Competition Launched

    03/09/2018

  • Closed for Applications

    01/10/2018

  • Panel Sift

    09/10/2018

  • Preliminary Interviews with Odgers Berndtson

    w/c 15th and 22nd October

  • Shortlist Meeting

    01/11/2018

  • Meetings with NS&I Chief Executive & Executive Team

    w/c 5th November

  • Final Interview Date

    12/11/2018

  • Announcement

    TBC

 

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.

 

Attachments
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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