Nov 082020

Non-Executive Director  - JN Bank UK Limited

Business / Organisation Name: JN Bank UK Limited
Business / Organisation Sector: Private
Business / Organisation Type: Private Company
Role Title: Non-Executive Director
Remuneration: Paid
Role Description: Independent Non-Executive Director (‘INED’) and Risk Committee Chair

INED responsibilities

Acting as an independent and non-executive member of the Board of JN Bank UK Limited and proactively contribute, and provide constructive challenge, to the Board’s responsibilities for:

  • Setting strategy – contribute to the development of the appropriate strategy for the bank and provide constructive challenge on plans;
  • Assessment of performance – monitor and scrutinise the performance of executive management in meeting the agreed strategy and risk appetite using management information and discussion with management, together with individual and collective goals/objectives; and
  • Control framework – setting and monitoring the risk appetite of the organisation; ensuring that the organisation has appropriately robust policies, controls and systems of risk management in place to ensure financial information is accurate and to manage and mitigate risk in line with the agreed appetite.

As a director, you may be called upon to serve on board committees, eg Audit and Nominations/Remuneration. INEDs may be called upon to represent the Bank externally and to act as advocate for it.

Responsibilities of the Chair of the Risk Committee

  • Chairing and overseeing the performance of the Committee of the Board that has been established to oversee the risk management systems, policies and procedures of the bank
  • Ensuring that the Committee meets with sufficient frequency, devotes sufficient time and attention to the matters within its remit and receives appropriate management information
  • Ensuring that the Committee members have the appropriate knowledge, skills and expertise to fully understand and monitor the risk strategy and appetite of the bank
  • Reporting to the Board on the activities of the Committee and escalating matters/issues as appropriate including advice on the bank’s overall current and future risk appetite
  • Safeguarding the independence of the second line of defence Risk function

Application Details

To apply for this post please submit a short cover letter (no more than 2 pages long) and CV to [email protected]. Retail credit risk experience is essential for this role.

  • Essential criteria
    • Credit risk experience, specifically in connection with unsecured retail lending in the near-prime sector
    • Operational risk experience, including governance of outsourcing, integrated IT platforms and operational resilience
    • Practical knowledge and experience of risk frameworks, including oversight
    • Strong influencing and communication skills, including the ability to effectively chair meetings as well as encourage debate and challenge
    • Extensive experience of stakeholder engagement and proven ability to interact with and tailor approach to varied stakeholders
    • Ability to develop strategy and provide strategic direction
    • Affinity with the Bank’s desire to serve customers and communities
    • Undisputed integrity
    • A record of sound judgement, ability to work with others and apply common sense
  • Desirable criteria
    • Senior executive experience within a regulated financial services business in the UK
    • Understanding of best practice in corporate governance arrangements
    • Experience of business expansion and growth
    • Comfortable using technology and interested in trends in technology in financial services

Closing Date: 15/12/2020
Contact Name: Karen Jordan
Contact Email: [email protected]

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