Non-Executive Director

We are seeking a Non Executive Director to support the governance of OBL as it transitions to the future entity to the satisfaction of key stakeholders (including the CMA, CMA9, FinTechs and regulators (the FCA and PSR) among others.

The successful candidate will contribute to the Board's role in:

• Monitoring and reviewing progress against the strategy for OBL (as set by the Chair/Trustee) and ensuring that OBL fulfils its functions and that the remaining requirements of the CMA's Order are met;
• Ensuring OBL is managed in accordance with good corporate governance standards and that the principles of good corporate governance are observed, including establishing effective processes to oversee the use of its funds, having regard to the terms of the Trustee Mandate and other funding documentation, risk management and human resources, using appropriate procedures and processes to assess OBL's operations and performance;
• Ensuring constructive challenge and oversight to the decisions made by the executives in running the organisation
• Overseeing and setting the strategy for ensuring OBL operates with the regulatory and constitutional framework applying to OBL, including the CMA Order, the Agreed Arrangements set out in the Explanatory Note to the CMA Order, OBL's articles of association and other governance documentation;
• Developing and reviewing the strategy for the transition of OBL to a future entity state, as led by the Chair/Trustee - in doing so the Board will have regard to the CMA response to the consultation exercise on the future entity, to regulatory expectations to be set out by the CMA and other regulators and to the views of the Joint Regulatory Oversight Committee (JROC), and industry stakeholders participating in a transition steering group;
• Fostering productive relationships with key stakeholders, gaining and retaining the confidence of a wide range of stakeholders including CMA, CMA9, regulators and other key Open Banking stakeholders;