Nuclear Liabilities Fund, Chair and Trustee-Director

Body: Nuclear Liabilities Fund
Appointing Department: Department of Business, Energy and Industrial Strategy
Sector: Business, Finance & Skills
Location: London
Skills required: Accountancy, Business / Commercial
Number of Vacancies: 1
Remuneration: £43,000
Time Requirements: 48 days, per year
Closing Date: 09/05/2022


Assessment Panel

Vacancy Description

The Nuclear Liabilities Fund (NLF) holds assets of c. £20 billion and was established to meet the costs of decommissioning the UK’s nuclear power stations currently owned and operated by EDFE. The Fund is underwritten by HM Government and helps ensure the industry is able to meet its security and environmental responsibilities with regard to the waste management and decommissioning of these plants.

The NLF is controlled by the Nuclear Trust, a Scottish Trust with five trustees. By convention, the trustees of the Nuclear Trust appoint themselves as directors of the NLF, with the Trust Chair chairing the NLF Board.

On behalf of the Secretary of State, BEIS is seeking to appoint a Chair and Trustee-Director with investment and finance experience to the boards of the Nuclear Trust and NLF to fill a vacancy which arises this year with the retirement of the incumbent Chair. The anticipated time commitment for the role is day per week.

Person Specification

The Role

This is an opportunity to lead a board that is making a major contribution to the UK economy, to the public good and to the financial and environmental wellbeing of future generations.

The Chair leads the Board of the NLF in assessing its funding position, investing its assets, making payments to meet qualifying decommissioning costs and providing strategic input to help control decommissioning liabilities. This role offers the opportunity for active participation in managing innovative investment strategies to meet the Fund’s future liabilities.

Key responsibilities of the Chair include:

  • Providing leadership and exercising judgement in setting the board’s overall direction and priorities, supporting fellow trustee directors and ensuring there is a culture of active contribution, transparency and trust.
  • Leading the board in the delivery of its investment strategy and ensuring there is regular reporting to BEIS on investment performance, liquidity and fund sufficiency to help inform advice to Ministers on potential changes to future investment strategy.
  • Overseeing the execution of NLF’s responsibilities under the Nuclear Liabilities Funding Agreement, monitoring costs and progress in discharging liabilities, collaborating and working with BEIS, EDF, NDA and making payments to meet the costs of decommissioning as required.
  • Fostering constructive relationships with key stakeholders to further the NLF’s strategic objectives; to this end, ensure the Fund’s strategic objectives are fully understood and have the support of stakeholders

The Individual

The successful candidate will have excellent inter-personal, communication and influencing skills and be able to demonstrate the highest levels of integrity, authority and independence.

They will bring:

  • The capacity to understand investment and financial issues and to think strategically. This may be drawn from experience in high-level leadership roles in an investment/asset management/financial institution, or in a similar role with a public and/or political profile.
  • Ability to lead a board through a period of change, ensuring high performance, robust risk management and excellent stakeholder engagement.
  • Experience of influencing at board level, with the ability to challenge and be challenged and a demonstrable ability to manage complex stakeholder relationships.

Additional Information

Please tailor your application to show how you meet the criteria listed. You should set out your suitability for the role and how you meet the criteria set out in the person specification.

If you are shortlisted for the role, due diligence will be carried out and your referees are likely to be contacted.

You will be asked to prepare some identification documents if you are invited to an interview – further information will be provided at that stage.

How to Apply

Due to panel commitments this campaign has now been extended, and the new deadline for applications is 23:55 on Monday 9th May.

Following consultation with the Selection Panel, successful candidates will be invited to attend preliminary interviews with Odgers Berndtson in May.

Following the shortlist meeting with the nominations committee, panel interviews are expected to take place in June. There may be the opportunity for shortlisted candidates to have an informal discussion with key stakeholders before the panel interview.

To apply, please submit the following:

  • A cover letter – this should explain how you consider your personal skills, qualities and experience provide evidence of your suitability for this role, with particular reference to the points highlighted in the essential criteria. Please note that the cover letter is an important part of your application and is as much the means by which you will be assessed as your CV.
  • A CV
  • Following receipt of your application you will receive an email prompt to complete an online Diversity Monitoring Form. This will assist the NLF in monitoring selection decisions to assess whether equality of opportunity is being achieved. Any information collated from the Forms will not be used as part of the selection process and will be treated as strictly confidential.

There will be a section at the end of the Diversity Monitoring Form that will ask you to disclose whether you would like to apply under the Disability Confident Scheme. Under the Scheme, if you are a disabled applicant (as defined under the Equality Act 2010) and you meet the minimum criteria for the role (as outlined above), you will be selected for interview.

For further details and to apply, please visit:

If you are unable to apply online, please email:

All applications will receive an automated response.


Candidate Brief_Nuclear Liabilities Fund_Chair and Trustee Director
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