The Bank of England is the central bank of the United Kingdom and exists to ensure monetary and financial stability. The Court of Directors is responsible for setting and monitoring the Bank’s objectives and strategy, including its financial objectives.
Candidates are sought for the role of Non-Executive Director (NED). Appointments to the Court are made by Her Majesty the Queen, on the recommendation of the Prime Minister and the Chancellor of the Exchequer. Non-executive members serve in a personal capacity.
The Non-Executive Directors play an important role in reviewing the Bank’s performance and financial controls. Non-Executive Directors should expect to be appointed to one or more sub-committees of Court. Extra remuneration may be payable to non-executive directors that chair sub-committees.
Applications are welcomed from those with substantial experience as board members in commercial and industrial companies, or in a leadership role in a relevant area of public policy, the voluntary sector or a trade union. Although a continuing connection with a firm regulated by the Bank would be a bar to appointment, a broad background in the financial services industry would be desirable, as would recent and experience working in finance and accounting given that the successful candidate is likely to be a candidate for the Audit and Risk Committee.
Appointments are expected to commence in June 2018. To download an application pack please visit https://publicappointments.cabinetoffice.gov.uk/appointment/non-executive-director-bank-of-england/. Alternatively, for a hard copy please contact email@example.com. Braille, taped or large print versions are available upon request.
The closing date for all applications is 23:00 GMT, Tuesday 20 February 2018. Interviews are expected to take place in central London in March 2018.
Applications should consist of:
• The completed application form
• The completed Political Activity, Conflict of Interest and Diversity Monitoring questionnaire
•A full CV (including nationality, education and professional qualifications, career history, and relevant achievements and responsibilities)
• A covering letter (not exceeding two sides) summarizing the evidence from your career which best demonstrates your qualifications for the appointment.
We value and promote diversity and are committed to equality of opportunity for all. Appointments are made on merit.
The Bank of England is committed to ensuring it has a truly diverse workforce. All disabled applicants will be guaranteed an interview, provided they meet the minimum criteria for the post, and inform the recruiting manager of their eligibility in their covering letter.