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For Companies At a Glance
- Tasks: Lead the credit union, shaping its strategic vision and ensuring growth and service excellence.
- Company: London Capital Credit Union offers affordable financial services with a community-focused approach since 1962.
- Benefits: Enjoy a 6% matched pension, staff bonuses, discounted loans, and health contributions.
- Why this job: Join a rapidly growing organisation that values ethical practices and community impact.
- Qualifications: Experience in financial services, strong leadership skills, and a people-oriented approach are essential.
- Other info: Confidential discussions about the role can be arranged with Nick Irow from Hays Executive.
The predicted salary is between 72000 - 108000 £ per year.
About us
London Capital Credit Union is a financial services organisation providing affordable savings and loan products. We are based in Archway and operate predominantly across North London and the City. The Credit Union can trace its roots back to 1962 when it started to provide low-cost loans and secure savings accounts. It is a cooperative created by members of the community to provide financial services in an ethical and community focused manner. Our primary objective is to encourage people to save, but we also provide low-cost loans when people need to borrow. We are now one of the largest and fastest growing credit unions in the UK. We have grown from some 400 members and £0.5 million in assets in 2006 to nearly 20,000 members with a balance sheet of £24 million at the end of our last financial year. Last year our loan book increased by 17%. We aim to continue our track record of growth while maintaining a sustainable, professional and ethical business which provides service excellence.
About the role
Our new Chief Executive will lead our organisation and work closely with the board to oversee, shape and deliver the long-term strategic vision of the credit union, ensuring business growth and service excellence. The position will forge effective partnerships with stakeholders outside the organisation to promote the organisation’s mission, and ensuring we remain a trusted and valued financial provider. The role will require a commitment to creating a positive and pleasant working atmosphere for staff and volunteers promoting their commitment to delivering the credit union objectives and supporting their development.
Benefits
- 6% matched pension contribution
- Participation in staff bonus scheme
- Heavily discounted staff loans
- Simply Health scheme provides financial contribution to medical costs
- A contribution to relocation costs may be available
About you
Most of all we need our new CEO to be a people person with a friendly and empathetic manner, able to develop positive relationships and motivate individuals from diverse backgrounds. Along with this we require strong strategic thinking with operational management and leadership capabilities. You will have a background within the financial services sector and a strong knowledge of the industry and the role of its regulators. You will need to be able to meet the Approved Person requirements for a Credit Union Chief Executive in respect of Prudential Regulation Authority and Financial Conduct Authority. It will be important to evidence experience of growing and managing a retail loans portfolio including effective credit control and a background of managing customer facing services.
To confidentially discuss the role in further detail, please contact: Nick Irow – Senior Director Hays Executive - M 07715210286
Chief Executive Officer - London Capital Credit Union employer: London Capital Credit Union
Contact Detail:
London Capital Credit Union Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chief Executive Officer - London Capital Credit Union
✨Tip Number 1
Network with professionals in the financial services sector, especially those involved with credit unions. Attend industry events or join relevant online forums to connect with potential stakeholders and gain insights into the role.
✨Tip Number 2
Research London Capital Credit Union thoroughly. Understand their mission, values, and recent developments. This knowledge will help you articulate how your vision aligns with theirs during discussions.
✨Tip Number 3
Prepare to discuss your leadership style and how you foster a positive working environment. Think of specific examples where you've successfully motivated teams or improved workplace culture.
✨Tip Number 4
Familiarise yourself with the regulatory landscape affecting credit unions. Being able to demonstrate your understanding of the Prudential Regulation Authority and Financial Conduct Authority requirements will set you apart.
We think you need these skills to ace Chief Executive Officer - London Capital Credit Union
Some tips for your application 🫡
Understand the Organisation: Familiarise yourself with London Capital Credit Union's mission, values, and history. Highlight your understanding of their community-focused approach in your application.
Tailor Your CV: Ensure your CV reflects your leadership experience and strategic thinking capabilities. Emphasise your background in the financial services sector and any relevant regulatory knowledge.
Craft a Compelling Cover Letter: Write a cover letter that showcases your people skills and ability to motivate diverse teams. Discuss how your vision aligns with the credit union's objectives and your commitment to ethical financial services.
Highlight Relevant Experience: In your application, provide specific examples of your experience in growing and managing retail loans portfolios. Mention any successful initiatives you've led that demonstrate effective credit control and customer service management.
How to prepare for a job interview at London Capital Credit Union
✨Showcase Your People Skills
As a CEO, your ability to connect with people is crucial. Prepare examples of how you've built positive relationships and motivated diverse teams in the past. This will demonstrate your friendly and empathetic manner.
✨Demonstrate Strategic Thinking
Be ready to discuss your vision for the credit union's growth. Think about how you can align the organisation's mission with strategic initiatives. Highlight any previous experiences where you successfully implemented long-term strategies.
✨Understand the Financial Landscape
Brush up on your knowledge of the financial services sector, especially regarding credit unions and their regulators. Be prepared to discuss current trends and challenges in the industry, showcasing your expertise.
✨Prepare for Scenario Questions
Expect questions that assess your operational management skills. Think of scenarios related to growing a retail loans portfolio or managing customer-facing services, and prepare your responses to highlight your problem-solving abilities.
