The Financial Services Compensation Scheme (FSCS) is the UK’s compensation scheme for financial services, helping people get back on track by protecting them when authorised financial services firms fail. FSCS is independent, covers all regulated financial services in the UK and is unique internationally for the scope of protection it provides. FSCS’s mission is to provide a trusted compensation service for consumers which raises public confidence in the financial services industry. The Scheme protects deposits in banks, building societies and credit unions; insurance, investments, investment and pension advice, home finance advice, funeral plans, debt management and related products.

The Role

The FSCS Board seeks to appoint a new non-executive director (NED) who can work with the Board in its mission to provide a trusted compensation service for consumers, raising public confidence in the financial services industry. The successful appointee will also chair the Audit Committee. This is an exciting and high-profile time to join FSCS. The Audit Committee Chair will help shape several strategic outcomes at a critical time for the UK financial services industry and its consumers.

Responsibilities:

• Provide constructive challenge and support to executive directors in their conduct of the business.
• Play a governance and oversight role; monitor and challenge business activity and contribute to the development of strategy.
• Participate actively in the Board’s decision-making, bring independent judgement and challenge to discussions and decisions on strategy and performance, and exercise appropriate oversight of execution of the agreed strategy.

The Individual:

The successful candidate will bring:

• Experience as a senior financial officer, ideally from within the financial or related professional services sector - for example banking or insurance, a law firm or consultancy.
• Experience of regulated environments and a good understanding of what it means to hold a board position in a public organisation.
• Experience of working with, being a member of or Chair of an Audit Committee.
• Ability to grasp a wide range of complex financial issues.
• Excellent communication skills and readiness to listen to the views of others.
• Experience of governance and/or strategic leadership in a complex or changing organisation.
• Candidates do not need to have prior NED experience. Applications from candidates who are in the executive phase of their careers are welcome, subject to agreement from their employer and to managing potential conflicts.  

The deadline for application is 23:55 Tuesday 21^st February 2023. For further information and/or to apply, please visit www.odgers.com/88168