Announcements (Archive)

National Savings and Investments Non-executive Director

Body
National Savings and Investments
Appointing Department
HM Treasury
Sector
Business, Finance & Skills
Location
London
Skills required
Audit and Risk, Business / Commercial, IT / Digital, Retail, Transformation
Number of Vacancies
1
Remuneration
Remuneration will be £18,000 per annum.
Time Requirements
The time commitment required for the Non-executive Directors will be around 18 days per year (plus travelling time) to NS&I business, for preparation and attendance at bi-monthly Board meetings, the Audit and Risk Committee, workshops and the partnership development board, including occasional visits to operational sites. There may also be further ad hoc meetings with NS&I’s outsourcing partners.

Campaign Timeline

  1. Competition Launched

    21/05/2021

  2. Closed for Applications

    21/06/2021

  3. Panel Sift

    12/07/2021

  4. Final Interview Date

    11/08/2021 & 13/08/2021

  5. Announcement

    04/11/2021

Announcement

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

Nina Hingorani-Crain has been appointed as a Non-Executive Director to the Board of National Savings & Investments (NS&I)

Date: 04/12/2021

Assessment Panel

Panel Member
Ed Anderson
Panel Role
Panel Chair
Positions
Chair, NS&I Representative of Organisation
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Political Activity-
Notes-
Panel Member
Azin Roussos
Positions
Deputy Director, Debt & Reserves Management, HM Treasury Departmental Official
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Political Activity-
Notes-
Panel Member
Alison Cottrell
Positions
CEO, Banking Standards Board Independent Member
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Political Activity-
Notes-

Vacancy Description

We are looking for a Non-executive Director to join the National Savings and Investments (NS&I) Board. The successful candidate would also join NS&I’s Audit and Risk Committee

NS&I is both a government department and an Executive Agency of the Chancellor of the Exchequer and plays a key role in the Government’s debt financing strategy. Established 160 years ago, today NS&I’s savings products are held by millions of customers across the UK.

The NS&I Board is advisory, providing support to the Chief Executive, who is also NS&I’s Accounting Officer. It consists of seven Executive Directors (including the Chief Executive), up to five Non-executive Directors (including the NS&I Chairman) who are independent and up to two representatives of HM Treasury. As a Non-executive Director you will assist in developing NS&I’s strategy and advise on the operational implications and effectiveness of policy proposals. You will bring independence and impartiality, with the ability to question or constructively challenge the NS&I executive. You will need strong business strategy skills, including the ability to interpret business and management information to determine business performance and improvement. You will have excellent influencing and communication skills as well as the ability to build effective and constructive relationships.

The successful candidate will have extensive experience in the financial services or technology sector to bring specific insight to Board discussions, together with commercial experience relevant to the broader organisation.

Person Specification

Candidates for this role must have the following experience:

  • We are looking for an exceptional individual with extensive experience in the financial services or technology sector, to bring specific insight to Board discussions, together with commercial experience relevant to our broader business.
  • Candidates should also have experience of taking a retail customer-centric approach to development and delivery of retail products and services, ideally gained in retail financial services.
  • Audit and Risk Committee experience.

Demonstrate the following key competencies:

  • Independence and impartiality, including an ability to question or challenge the NS&I Executive team, 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, Chief Executive Officer, other executives and Non-executive Directors 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.

How to Apply

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. 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.

Please send your completed application to jobs@nsandi.com by 21 June 2021.