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Role details

The Royal Mint - Non Executive Board Chair

Application deadline 27 June 2024

Summary

Organisation
Royal Mint
Sponsor department
HM Treasury
Location
Various
Sectors
Production and Manufacturing
Skills
Business, Change Management, Commercial, Retail
Number of vacancies
1
Time commitment
5 day(s) per month
Remuneration
£65000 per annum
Length of term
3 years with possibility of re-appointment at the end of initial term.
Application deadline
Midday on 27 June 2024

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Timeline for this appointment

  1. Opening date

    29 April 2024

  2. Application deadline

    Midday on 27 June 2024

  3. Sifting date

    8 September 2024

  4. Interviews expected to end on

    13 October 2024

Timeline dates are only an estimate and can change

About the role

Introduction

HM Treasury is now seeking a Chair to lead this ambitious, diverse and multi-faceted business at a time of significant strategic change and reinvention.
The role of the Chair is to ensure the Board provides an appropriate level of oversight, challenge, and support to enable TRM to deliver on its business objectives. At a pivotal point in its development, it is vital that the new Chair can support TRM’s strategic vision and organisational development over the next three years.
The appointment will be made by the responsible minister for the Royal Mint, the Economic Secretary to the Treasury.

Role description

  • Challenge, motivate and provide direction to the organisation to help develop its culture of continuous improvement and to deliver shareholder value.
  • Lead the Board to determine and implement its strategy to achieve long term growth within a framework of prudent and effective controls that enables risk to be managed.
  • Provide advice and support to the Chief Executive to help drive business performance and deliver the strategy through the achievement of business plans.
  • Maintain the values and standards of the organisation, ensuring obligations to its shareholder and stakeholders are understood and met.
  • Build and maintain effective relationships with the shareholder and other major stakeholders as required, including Ministers, UKGI, and HM Treasury.
  • Objectively monitor management performance and attainment of objectives against targets.

Organisation description

The Royal Mint (TRM) has a history dating back over a thousand years but is firmly focused on the future. The business has diversified, managing the impact of declining global cash use, growing its consumer division, and entering new markets and businesses to allow the organisation to grow and secure its future.
The reinvention of the business has happened, rapidly, with record-breaking results, but it is just the beginning, and TRM is in the middle of an ambitious five-year strategy designed to maximise future potential.
TRM’s core purpose continues to be the delivery of UK circulating coins. With coins at its core, it is seeking to grow long-term value for its shareholders and protect it for future generations.
Today, TRM is a portfolio of businesses, from commemorative coins, historic coins, bullion investments and recently launched luxury jewellery targeting a global audience, to providing circulating coins, and a factory that is recovering gold from electronic waste. TRM also operates a visitor attraction at its location in Llantrisant, South Wales.
Due to its impressive history, TRM has the confidence and capability to build on its heritage of precious metals and British craftsmanship while simultaneously using advances in technology, building its brand, people, and processes as it innovates for future growth.

Person specification

Essential criteria

  • Relevant senior board experience with a track record of shaping the strategic vision of an organisation to lead organisational development, ensuring high quality corporate governance, and setting positive organisational cultures.
  • Extensive relevant professional experience and a strong commercial acumen gained through senior leadership roles. Ideally, a proven track record of operating in international trading markets across a range of sectors ideally including manufacturing and retail operations.
  • Excellent inter-personal skills with proven ability to bring strong leadership to the board of a major high-profile organisation and the emotional intelligence to support, constructively challenge, and advise the Chief Executive. The ideal candidate will demonstrate strong communication skills, an empathetic approach, and the ability to listen and work as part of a team.
  • Strong personal credibility to establish and maintain positive working relationships across a wide range of stakeholders including Ministers and senior government officials, accompanied with a thorough understanding of the balance of operating in the public/private interface.

Desirable criteria

  • Previous Chair experience gained at either main board or board committee level.
  • A thorough understanding of strategic risk evaluation and appropriate mitigation strategies.
  • Experience overseeing substantial strategic and organisational change to address a rapidly changing commercial operating environment.
  • An appreciation of the unique status of TRM as a publicly owned institution, reporting to the Chancellor of the Exchequer and a recognition of broader parliamentary accountability.

Application and selection process

How to apply

Please apply for this role using this link

Candidates can also apply for this role through our website at www.saxbam.com/appointments using code QATUB.

Click on the ‘apply’ button and follow the instructions to upload a CV and cover letter, and complete the Diversity Information* and Conflicts of Interest Form.

The closing date for applications is noon on Thursday 30th May 2024.  

Overview of the application process

The Selection Panel will assess applications to select those demonstrating the best fit with the role by considering the evidence you have provided against the Essential Criteria in the Candidate Profile section. Failure to address any or all of these may affect your application.
The Panel will identify a subset of candidates who best match the criteria for an initial interview with Saxton Bampfylde to further explore their skills and experience with reference to the criteria in the Candidate Profile.
The Panel will then have a further meeting to review interview reports on these candidates alongside CVs and statements of suitability, taking into account all the criteria (Essential and Desirable) in order to select the shortlist. Shortlisted candidates will be advised on the outcome as soon as possible thereafter.
References may be taken up for shortlisted candidates in advance of final panel interviews. Furthermore, please note that due diligence will be undertaken on all shortlisted candidates.
If you are shortlisted, you will be asked to attend a panel interview to have a more in-depth discussion of your previous experience and professional competence in relation to the criteria set out in the Role Description, Key Requirements and Candidate Profile.
Prior to interview, you may have the opportunity for informal conversations with key personnel in order to improve your understanding of the organisation.
Full details of the assessment process will be made available to shortlisted candidates.
We will endeavour to offer as much flexibility as we can, but it may not be possible to offer alternative dates for assessments or interviews. You are therefore asked to note the below timetable, exercising flexibility through the recruitment and selection process, in order to meet the dates given. Please note that these dates may be subject to change.  

Advisory Assessment Panel (AAP)

  • Panel Chair: Andrew Butterworth (Executive Director, UK Government Investments and Non-Executive Director, Royal Mint Limited).
  • Panel Member: Sean Jones (Director, Companies and Economic Security, HM Treasury and Accounting Officer, Royal Mint Trading Fund).
  • Independent Panel Member: Wanda Goldwag (Chair, Nuclear Transport Solutions).
  • Panel Chair: Andrew Butterworth (Executive Director, UK Government Investments and Non-Executive Director, Royal Mint Limited).
  • Panel Member: Sean Jones (Director, Companies and Economic Security, HM Treasury and Accounting Officer, Royal Mint Trading Fund).
  • Independent Panel Member: Wanda Goldwag (Chair, Nuclear Transport Solutions).

Eligibility criteria

In general, you should have the right to work in the UK to be eligible to apply for a public appointment.

There are a small number of specialist roles that are not open to non-British citizens. Any nationality requirements will be specified in the vacancy details.

The Government expects all holders of public office to work to the highest personal and professional standards. 

You cannot be considered for a public appointment if:

  • you are disqualified from acting as a company director  (under the Company Directors Disqualification Act 1986);

  • have an unspent conviction on your criminal record;

  • your estate has been sequestrated in Scotland or you enter into a debt arrangement programme under Part 1 of the Debt Arrangement and Attachment (Scotland) Act 2002 (asp 17) as the debtor or have, under Scots law, granted a trust deed for creditors.

When you apply, you should declare if:

  • you are, or have been, bankrupt or you have made an arrangement with a creditor at any point, including the dates of this. 

  • you are subject to a current police investigation.

You must inform the sponsor department if, during the application process, your circumstances change in respect of any of the above points. 

When you apply you should also declare any relevant interests, highlighting any that you think may call into question your ability to properly discharge the responsibilities of the role you are applying for. You should also declare any other matters which may mean you may not be able to meet the requirements of the Code of Conduct of Board Members (see Outside interests and reputational issues section below)

Additional information for candidates

Equality and diversity

We recognise that treating everyone in the same way does not necessarily mean everyone is treated fairly. Creating equal opportunities means recognising that people have different needs that require different responses. Equality is about creating a level playing field where everyone is treated fairly, and career progression is based purely on merit. By focusing on equality, we acknowledge that gender, race or disability (or other personal characteristics) can affect life experiences and opportunities.
We recognise and respect that people are different. Those differences lead to varied experiences, values and ways of thinking. Diversity is about recognising and embracing people’s differences, both as individuals and groups, and striving to harness the unique benefits that each person or group has to offer whilst meeting different needs in a positive way.
So, while equality legislation covers factors such as race, gender and disability; diversity also encompasses many other aspects of an individual such as social background, personality traits or specifics of life experience. If we respect people’s differences, we are more likely to treat them equally.
We recognise that to achieve an inclusive culture our people need to feel accepted, welcomed and fairly treated. We recognise that creating an environment where our people feel able to bring their whole selves to work will help everyone reach their career potential while improving satisfaction in the workplace. We want to foster a sense of belonging within our organisation so that everyone always feels supported to do their best.

Disability confident

HM Treasury is a Disability Confident Leader, and as such we will offer interviews to disabled candidates who meet the published minimum requirements for a job or role. If you wish to apply for consideration under this scheme, you should complete the relevant section of the online application. It is not necessary to state the nature of your disability. Whether you choose to apply under the Disability Confident scheme or not, you can still ask us to make adjustments for you when attending an interview.

Reasonable adjustments

We are committed to making reasonable adjustments to make sure applicants with disabilities, physical or mental health conditions, or other needs are not substantially disadvantaged when applying for public appointments. This can include changing the recruitment process to enable people who wish to apply to do so.
Some examples of common changes are:
  • ensuring that application forms are available in different or accessible formats;
  • making adaptations to interview locations;
  • allowing candidates to present their skills and experience in a different way;
  • giving additional detailed information on the selection / interview process in advance to allow candidates time to prepare themselves;
  • allowing support workers, for example sign language interpreters;
  • making provision for support animals to attend.
When you apply you will have the opportunity to request reasonable adjustments to the application process.

Principles of public life

The Seven Principles of Public Life (also known as the Nolan Principles) apply to anyone who works as a public office-holder.
1. Selflessness
Holders of public office should act solely in terms of the public interest.
2. Integrity
Holders of public office must avoid placing themselves under any obligation to people or organisations that might try inappropriately to influence them in their work. They should not act or take decisions in order to gain financial or other material benefits for themselves, their family, or their friends. They must declare and resolve any interests and relationships.
3. Objectivity
Holders of public office must act and take decisions impartially, fairly and on merit, using the best evidence and without discrimination or bias.
4. Accountability
Holders of public office are accountable to the public for their decisions and actions and must submit themselves to the scrutiny necessary to ensure this.
5. Openness
Holders of public office should act and take decisions in an open and transparent manner. Information should not be withheld from the public unless there are clear and lawful reasons for so doing.
6. Honesty
Holders of public office should be truthful.
7. Leadership
Holders of public office should exhibit these principles in their own behaviour and treat others with respect. They should actively promote and robustly support the principles and challenge poor behaviour wherever it occurs.

Management of outside interests and consideration of reputational issues

Applicants must disclose information on personal connections, which if they were appointed, could lead to a conflict of interest or be perceived as such.
It is very important therefore that all applicants provide appropriate details which might be construed as being in conflict with the appointment for which they are applying.
If it appears from the information provided on the conflicts of interest form that a possible conflict might exist or arise in the future, this will be fully explored with the applicant with a view to establishing whether it is sufficiently significant to prevent the individual from carrying out the duties of the post. The panel will do this at interview stage.
HM Treasury is committed to appointing a diverse, talented and high performing individual and we will welcome applications from candidates irrespective of their background, gender, race, sexual orientation, religion or age, providing they meet the required criteria.

Application feedback

We will notify you of the status of your application. We regret that we are only able to offer detailed feedback to candidates who have been unsuccessful at the interview stage.

How to complain

We aim to process all applications as quickly as possible and to treat all applicants with courtesy.
Please contact Rhianna Gerry at Saxton Bampflyde (Rhianna.Gerry@saxbam.com) for any further questions. 

Data protection

The Cabinet Office will use your data in line with our privacy policy.
Please refer to the UKGI privacy notice (Annex 3) which has been provided in the candidate pack attached. 

Contact details

Please contact Rhianna Gerry at Saxton Bampflyde (Rhianna.Gerry@saxbam.com) for any further questions. 

Attachments