Chair (4762528)

NS&I

Chair

Remuneration: £48,000 per annum

Time commitment: c. 60 days per year. After a period of one year from implementation, HMT will evaluate the time commitment (and subsequently remuneration) to ensure this still accurately reflects the demands of the role.

About us

National Savings and Investments (NS&I) is both a government department and an Executive Agency of the Chancellor of the Exchequer, and its origins can be traced back more than 164 years to 1861. When customers invest in NS&I products, they are lending to the Government. In return the Government offers 100% security on all deposits and pays interest or prizes for Premium Bonds. This means that NS&I is backed by HM Treasury, keeping its 24 million customers' savings safe. 

This will be opportunity to lead an organisation trusted by millions of savers and offers the rare chance to deliver tangible national impact while driving innovation, digital transformation and outstanding customer outcomes.

The Opportunity

NS&I is entering a critical phase of transformation. The organisation is delivering a major programme to transition to a multi-supplier operating model, strengthening operational resilience, digital capability and customer service for future generations.

Alongside this transformation, the organisation is addressing significant challenges arising from bereavement tracing failures.

As Chair, you will provide visible and effective leadership to the Board, helping to guide the organisation through this period of change while restoring confidence among customers, stakeholders and government.

The Role

Accountable to the responsible Minister, you will:

• Provide outstanding leadership to the Board as it oversees NS&I’s transformation, ensuring the organisation gains the full anticipated benefits of its move to a multi-supplier operating model, including securing strong, resilient infrastructure and a flexible and scalable operation.
• Shape the Board and ensure that it gives clear strategic direction to the organisation.
• Use your excellent communication and engagement skills to guide your relationships with a wide range of stakeholders, including Ministers, senior HMT officials, customers and the media.
• Play an inspiring role as chair for the Board’s discussions and decision-making, considering the impact of decisions on different stakeholders and providing constructive challenge and support to the management team.
• Demonstrate the high standards of integrity and behaviour expected of public body Non-Executive Director (https://www.gov.uk/government/collections/public-bodies-non-executive-directors-principles-and-standards) and ensure the Board operates with probity and in line with prevailing governance requirements.

The Person

We are seeking a proven board-level leader with the credibility, judgement and strategic insight to chair a high-profile public institution.

Candidates must be able to demonstrate:

• Prior Board experience, ideally including experience as a Chair.
• Extensive experience of major change or transformation programmes, together with commercial experience relevant to NS&I’s broader business.
• Experience in the consumer finance sector, with experience of taking a retail customer-centric approach to development and delivery of retail products and services, ideally gained in consumer centric financial services or similar.
• Good practical understanding of UK financial markets.
• Strong commercial acumen and an understanding of complex outsourced or partner-led operating models.
• Exceptional communication and stakeholder management skills, with the ability to engage confidently with Ministers, regulators, executives and the media.
• Independence and impartiality with the ability to provide robust challenge while building positive and effective relationships with the Chief Executive, other Executive and Non-Executive Board members and other key external stakeholders and influencers
• An understanding of government and public sector governance requirements and the way of working, or the ability to acquire it quickly.
• The ability to make clear and objective-based recommendations to support the delivery of NS&I’s objectives, within an understanding of the work, priorities, and challenges of the context in which it operates.

Above all, we are looking for a leader who embraces the principles of public service and can help steer NS&I through an important period of recovery, transformation and renewal.

To apply for this role, all applicants must complete both of the following steps:

Step 1: Submit your declarations via the Public Appointments Website.

Applicants must create or log into their public appointments account via: Appointment details – Chair - National Savings and Investments – Apply for a public appointment – GOV.UK

Through this portal, you will be asked to complete:

• An Equality Information Form
• An Outside Interests Form
• Personal details including address
• A short biography

Step 2: Submit your application via the Hays application portal: https://www.applybe.com/haysapply/search/vacancy/all/1/7091425

As part of this step in the process you will need to provide:

Supporting Statement

This should address the essential criteria in the Person Specification and demonstrate evidence of your suitability for the role against the essential criteria. Maximum length: 2 sides of A4.

Curriculum Vitae
Maximum length: 4 sides of A4.

Please note: your application will not be considered without completing both steps.  If an applicant does not complete the declarations, or does not provide a CV and Covering letter, their submission will not be progressed as a valid application.

NS&I is committed to achieving greater diversity across all levels of the organisation. Given this, we particularly welcome applications from women, disabled, and minority ethnic candidates, as under-represented groups.

Further Information

For a confidential discussion about the role, please contact:

Nick Irow
Senior Director, Hays Executive

07715210286

Andrew Timlin

Director, Hays Executive

07887 777735

Contact information

NS&I .

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