Non-Executive Director – Banking Expert
- Pro Bono appointment
The Salvation Army International Trustee Company (SAITCo) is the Corporate Trustee of The Salvation Army International Trust (SAIT), the main charity under which the International Headquarters (IHQ) of The Salvation Army operates. SAIT exists to further the work of The Salvation Army, an international charity whose purpose is to advance the Christian religion and meet human need as and where it occurs throughout the world, and support the work of IHQ. IHQ is responsible for coordinating the international work and overseeing strategy.
Reliance Bank Limited (RBL) established in 1890, when it was known as The Salvation Army Bank, was built upon caring foundations that remain as strong as ever. The Salvation Army’s founder, William Booth, was a man renowned for getting things done. When he needed to attract investments to finance mortgages on property vital to the work of the movement, his response was to set up the Army’s own bank. RBL provides banking facilities to The Salvation Army and the general public. The Bank offers transactional banking services to more than 35 Salvation Army territories, providing a vital safe haven for project funds and IHQ operational grants and a secure platform for international fund transfers for the global Army. Following a long period of joint ownership by SAITCo and The Salvation Army Trustee Company (the main legal entity for the UK Salvation Army), the shareholder structure has recently been simplified. SAITCo now holds 100% ownership of the Bank and each year continues to receive a share of the Bank’s profits. The owners have recently supported a new five year strategic plan by committing to improve its capital position, paving the way for a period of investment and renewed ambition.
To support this, and following the recent change with SAITCo now acting as sole owner of RBL, SAITCo is looking to appoint an additional Non-Executive Director with banking expertise to its Board of Directors. In addition to exercising his/her responsibilities as a SAITCo Board Director, this individual will act as the interface/conduit between the shareholder (SAITCo) and the Bank. It would be advantageous if the individual holds recent commercial SME lending experience with a comprehensive understanding of how a Bank’s lending book is managed and developed. In addition to attending SAITCo Board Meetings, the successful candidate will be expected to serve as a Member of the SAIT Investment Committee. Additionally, the individual will be expected to attend RBL Board Meetings as one of two SAITCo representatives on the RBL Board.
Please reply by clicking on the "Apply" button below, submitting a CV and short covering letter demonstrating how you meet the requirements of this role, quoting reference number RAGP5950. Alternatively, for an informal and confidential discussion please call our advising consultants – Ben Grove or Rupert Gibb – on 0845 261 0600.
All third party and direct applications will be forwarded to Warren Partners.