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- Tasks: Join our Board to guide strategic decisions and ensure effective controls.
- Company: Paydek is a dynamic financial organisation based in London, specialising in cross-border payments.
- Benefits: Flexible hours, opportunity to influence company strategy, and work with a passionate team.
- Why this job: Make a real impact in a growing company while enhancing your leadership skills.
- Qualifications: Experience in financial services, corporate governance, and strong analytical skills required.
- Other info: This role requires a commitment of up to 16 hours per month.
The predicted salary is between 36000 - 60000 £ per year.
Paydek is looking for an Independent Non-Executive Director (iNED) for our office in London, United Kingdom. The role is a member of the Board of Directors and the Audit Committee, requiring up to 16 hours per month, and will focus on checking and challenging to ensure adequate and effective controls are adopted by Paydek.
We are a financial organisation that facilitates cross-border payments in multiple currencies across the world. We are a growing organisation, headquartered in the heart of London, looking to attract a highly motivated, positive, and responsible individual who will complement and strengthen our existing team.
- Develop and execute the company's business strategies to attain the goals of the Paydek Board.
- Provide strategic advice to the Paydek Board.
- Ensure company policies and legal guidelines are communicated all the way from the top down in the company and that they are always followed.
- Communicate and maintain trust relationships with shareholders, Executive Directors, and regulatory bodies.
- Lead Audits instructed by the Audit Committee to assure adherence to the Risk Appetite Statement, legal obligations, and best practices.
- Delegate responsibilities and supervise the work of Executives, providing guidance and motivation to drive maximum performance.
- Review and advise on the internal controls to mitigate the risks of which the firm is/maybe exposed (including Financial Crime Controls).
- Analyse problematic situations and occurrences and provide solutions to ensure company survival and growth.
- Create initiatives to take advantage of market opportunities, reduce operational threats, forestall business risks, and maximise core strengths.
- Identify core competencies and define operational goals.
- Liaise with Paydek Board to make sure all efforts are in alignment with the Board Approved Risk Appetite Statement (RAS) and Business Plan.
- Ensure the firm's applicable Policies, Procedures and Controls are regularly reviewed and updated.
Requirements
- Knowledge of the Financial Services (Specifically Payment Services).
- Experience in developing profitable strategies and implementing vision as per the approved Business Plan.
- Strong understanding of corporate finance and performance management principles.
- Familiarity with diverse business functions such as Audit, Compliance, and Risk.
- In-depth knowledge of corporate governance and general management best practices.
- An entrepreneurial mindset with outstanding organizational and leadership skills.
- Analytical abilities and problem-solving skills.
- Excellent communication, negotiation, and presentation skills, including public speaking.
- Knowledge of the regulatory obligations and Best Practices of a Financial Institution (FI).
- Strong analytical, critical thinking, and problem-solving skills.
- Excellent organisational and leadership skills.
- Thorough knowledge of market changes and forces that influence the company.
Contact Detail:
MyJobHelper Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Independant Non-Executive Director (iNED)
✨Tip Number 1
Network with professionals in the financial services sector, particularly those involved in payment services. Attend industry events and seminars to meet potential contacts who may provide insights or referrals for the iNED position at Paydek.
✨Tip Number 2
Familiarise yourself with Paydek's business model and recent developments in cross-border payments. This knowledge will help you engage in meaningful conversations with the Board and demonstrate your commitment to the role.
✨Tip Number 3
Prepare to discuss your experience in corporate governance and risk management during interviews. Highlight specific examples where you've successfully implemented strategies that align with best practices in financial institutions.
✨Tip Number 4
Showcase your leadership skills by sharing instances where you've motivated teams or driven performance improvements. This will resonate well with Paydek's focus on strong organisational capabilities and effective oversight.
We think you need these skills to ace Independant Non-Executive Director (iNED)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and expectations of an Independent Non-Executive Director at Paydek. Familiarise yourself with their business model, especially in cross-border payments, to tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in corporate governance, financial services, and strategic advisory roles. Provide specific examples of how you've developed profitable strategies or led audits, as these are crucial for the role.
Showcase Leadership Skills: Demonstrate your leadership abilities by detailing past experiences where you've successfully guided teams or influenced decision-making processes. Highlight your organisational skills and how they align with Paydek's goals.
Tailor Your Application: Customise your cover letter to reflect your understanding of Paydek's mission and values. Mention how your skills and experiences can help the company navigate its challenges and seize market opportunities.
How to prepare for a job interview at MyJobHelper
✨Understand the Role Thoroughly
Before the interview, make sure you have a deep understanding of the iNED role and its responsibilities at Paydek. Familiarise yourself with the company's business strategies, risk appetite, and governance practices to demonstrate your knowledge and alignment with their objectives.
✨Prepare Relevant Examples
Think of specific instances from your past experience that showcase your skills in corporate governance, risk management, and strategic advice. Be ready to discuss how you've successfully navigated challenges in similar roles, as this will highlight your suitability for the position.
✨Showcase Your Analytical Skills
Given the focus on analysing problematic situations and providing solutions, be prepared to discuss your analytical approach. You might want to present a case study or example where your critical thinking led to a successful outcome, demonstrating your problem-solving capabilities.
✨Communicate Effectively
Strong communication skills are essential for an iNED. Practice articulating your thoughts clearly and confidently, especially when discussing complex financial concepts or governance issues. This will help you build trust with the interviewers and show that you can effectively liaise with various stakeholders.
