Chair - Scottish National Investment Bank
Remuneration:up to £60,000 per annum
Closing date:23 August 2019 at midday
Appointment of the Chair of the Board of the Scottish National Investment Bank
Scottish Ministers are looking to fill the position of Chair of the Board of the new Scottish National Investment Bank.
In the Programme for Government 2017-18, the First Minister announced plans to establish a Scottish National Investment Bank. Scottish Ministers will, through the Scottish National Investment Bank Bill, set missions which will help create and shape future markets, spark innovation and tackle socio-economic challenges to which the Board will respond by developing an Investment Strategy.
As recommended by the Implementation Plan, produced in 2018 by Benny Higgins, the Bank will be a limited company and a public body accountable to Scottish Ministers who own and set the strategic direction of the Bank.
By aligning its aims and objectives with Scotland’s Economic Strategy, the Bank has the potential to transform and grow Scotland’s economy, tackling the unique challenges Scotland faces, doing so by becoming a cornerstone institution in Scotland’s financial landscape.
The Scottish Government has committed to providing £2 billion over 10 years to capitalise the Bank; this will make a material difference to the supply of capital to the Scottish economy.
About the Chair role
This is a Ministerial appointment made by the Cabinet Secretary for Finance, Economy and Fair Work.
Through active, dynamic and creative leadership of the Board, the Chair will ensure the Bank delivers its missions and investments with impact, working effectively with partners, stakeholders and the Scottish Government to align its aims and objectives with Scotland’s economic priorities. Creating a trusted institution from the outset, the Chair will ensure the Bank delivers its investments in a way that facilitates sustainable and inclusive economic growth across Scotland.
The skills, knowledge and experience required for the Chair role are:
Outstanding ability and commitment to instil a culture of transparency, equality, diversity and inclusion in the boardroom and beyond, and to create an ethical and trusted financial institution from inception. A commitment to deliver the Bank’s objective of achieving growth which combines increased prosperity with greater equality.
Economic context (essential)
Understanding of the role of development banks and public investment in delivering economic growth and ability to translate knowledge and understanding of the economy to the Scottish context.
Strategic leadership (essential)
Motivational leader capable of formulating and delivering strategic priorities. Experience of leading organisational start-ups or systematic change and of developing and embedding a positive culture and effective governance.
Board management (essential)
Comprehensive understanding of skills and knowledge required on the Board, including commitment to build capacity and ensure Board skills are used, and an ability to create strong and positive relationship between Board and Executives.
Stakeholder engagement (essential)
Creativity and vision to articulate the Bank’s role and build strong and trusting stakeholder relationships coupled with exceptional media handling skills. Capability of upholding and communicating the importance of the operational independence of the Bank and its Board.
Industry experience (desirable)
Understanding of the banking or financial services sector, including a clear understanding of the governance and operational structures of financial institutions and the relationship between risk and reward across portfolio of investments
Terms and Conditions
The appointment will be for a period of not more than five years and attracts annual remuneration of up to £60,000, based on an estimated 48 days per year (around four days per month), plus reasonable expenses as a result of carrying out the duties of the appointment. The position is not pensionable.
An application pack and full details on how to apply can be found below.
Accessibility to public appointments is a fundamental requirement and the public appointments process promotes, demonstrates and upholds equality of opportunity and treatment of all applicants. The Scottish Government will always give consideration to disability-related reasonable adjustments that an applicant might request to enable them to meet the person specification and participate fully in the selection process. If you require any of the application pack documentation in an alternative format, please contact Scottish National Investment Bank Public Appointments Team by email at WorkforSNIB@gov.scot.
Further Information about the Bank can be found at - https://www.gov.scot/policies/economic-growth/scottish-national-investment-bank/ and via this video https://www.youtube.com/watch?v=gLcmXb9stgY
Closing date for applications is midday Friday 23 August 2019
If you would like to discuss the role further please contact the Scottish National Investment Bank Public Appointments team by email at workforSNIB@gov.scot or on 0131 244 5309.