Student Loans Company Board Non-executive DirectorClosed
|Body:||Student Loans Company|
|Appointing Department:||Department for Education|
|Sectors:||Business, Finance & Skills, Education|
|Number of Vacancies:||2|
|Remuneration:||£12,000 per annum, rising to a maximum of £17,000 depending on participation in board sub-committees or other additional duties as agreed with SLC Chair. There is an expectation that all Board members will join one or more sub-committees.|
|Time Requirements:||2 days per month. The board meets 11 times a year, meetings are generally held in Glasgow and on occasion in London, Darlington and Llandudno. Non-executive directors will be expected to travel to these locations as necessary.|
Closed for Applications
Competition Closing date extended by three days to midday on 22.05.20. Additional evidence from all applicants will be accepted until the new closing date
As of 5 June 2020 interview dates have been confirmed as 26 & 29 June
Final Interview Date
Sinead O’Sullivan Added 08/04/2020
Director, Career Learning, Analysis, Skills, and Student Choice Directorate • Departmental Official
Peter Lauener Added 08/04/2020
Chair of the SLC Board • Representative of Organisation
Robin Lawther Added 08/04/2020
UKGI Board Member and former Managing Director of JP Morgan • Independent Member
Ian Ferguson Added 08/04/2020
DfE Board Member • Other Panel Member
Rt Hon Sir Patrick McLoughlin Added 08/04/2020
Former politician • Other Panel Member
Political Activity Member of the Conservative Party, previous Chair of the Conservative Party 2016-2018, Secretary of State for Transport 2012-2016, Previous Conservative MP representing Derbyshire Dales 1986-2019 Notes -
|View a message from Stephen Tetlow of the SLC board here
The Student Loans Company (SLC) provides finance which enables people to invest in their futures through higher and further education. It is a not-for-profit organisation that was set up in 1989 and has expanded significantly. Over the last 30 years it has incorporated a wide range of products and services and it is now one of Government’s highest-profile delivery bodies, managing a loan book worth more than £136.7 billion, processing more than 2 million new and returning applications each year and holding data on 8.5 million customers – as well as employing more than 3,500 people across five sites in the UK.
The scale of SLC is akin to that of a mid-tier UK financial services institution. It is incorporated as a company limited by shares under the Companies Act and is wholly in public ownership – with the UK Government being the majority shareholder and the remaining shares held by the devolved administrations in Scotland, Wales and Northern Ireland. The SLC provides different functions for each of the devolved administrations.
As a non-executive director, you will play an active role on the board of SLC, supporting the SLC Executive Team and SLC Chair to deliver the company’s portfolio of priorities, overcome challenges and exploit opportunities, including the continued growth of its customer base, delivery of recommendations from the Tailored Review (Annex 3) and implementation of the Review of Post-18 Education.
A key element of the role will be to work with the board to ensure that the resources and skills available to the Company are commensurate with and focussed on its delivery obligations. The SLC administers the data underpinning one of Government’s major assets: the Student Loan book. This data supports the sale of tranches of loans to monetise that asset for the benefit of the exchequer and taxpayers (£3.6bn raised to date). There may be other opportunities to realise the value, in the widest sense, of the SLC’s data in the future.
SLC has recently commenced a major transformation programme which will radically overhaul its technology and working practices – allowing it to engage better with its digitally fluent user base and provide a consistently higher standard of customer service. This transformation is still in the early stages and will need careful oversight and scrutiny, as well as support from the board to ensure it achieves the necessary outcomes. Effective change management and supporting the executive to modernise the SLC over the next few years will be a key responsibility for the whole board.
Role of an SLC Non-executive Director
Candidates will support the Chair and CEO by bringing their unique skills and experience to the board, in ensuring effective oversight of the operations of SLC, as well as steering the organisation through the development and delivery of any organisational change. Specific responsibilities will include:
|The successful candidates will have private sector experience or a previous significant public sector role, which will enable them to provide advice, guidance, support and effective challenge to the SLC Executive Leadership Team to ensure that the board’s responsibilities are properly discharged. Applicants will be assessed at application against the following criteria:
And at least one of the two criteria below. Please clearly indicate in your application which of the criteria you are applying against. You may apply against either or both.
Additionally, at interview candidates may also be assessed on the following desirable criteria:
Please also refer to the Nolan Principles as the basis of the ethical standards expected of public office holders.
Diversity and Inclusion
The Department for Education is committed to being an inclusive employer. We encourage applications from people with the widest possible diversity of backgrounds, cultures and experiences. We particularly welcome applications from women, those from Black, Asian and Minority Ethnic (BAME) backgrounds, and candidates with disabilities as they are underrepresented on the board.
We ask that all applicants complete an anonymised diversity monitoring form used for data gathering information in order to ensure departments are recruiting from the widest possible pool.
|Candidate Application Form April 2020|
|Public Appointments Privacy Notice|
|Diversity Monitoring Form - Accessible|
|SLC Candidate Information Pack 2020|