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- Tasks: Join our Board to shape strategies and ensure effective controls at Paydek.
- Company: Paydek is a dynamic financial organization based in London, specializing in cross-border payments.
- Benefits: Flexible hours with only 16 hours per month commitment; be part of a growing team.
- Why this job: Make a real impact on company growth while working with top industry professionals.
- Qualifications: Experience in financial services, corporate governance, and strong leadership skills required.
- Other info: Ideal for motivated individuals looking to enhance their strategic and analytical capabilities.
The predicted salary is between 72000 - 108000 £ per year.
This job is brought to you by Jobs/Redefined, the UK\’s leading over-50s age inclusive jobs board.
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, and we are looking to attract a highly motivated, positive, and responsible individual who will complement and strengthen our existing team.
Responsibilities
- 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 maximize core strengths.
- Identify core competencies and define operational goals.
- Liaise with the Paydek Board to ensure 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 organizational and leadership skills.
- Thorough knowledge of market changes and forces that influence the company.
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Independant Non-Executive Director (iNED) employer: PAYDEK
Contact Detail:
PAYDEK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Independant Non-Executive Director (iNED)
✨Tip Number 1
Familiarize yourself with Paydek's business model and the financial services industry, especially in cross-border payments. Understanding the specific challenges and opportunities in this sector will help you demonstrate your strategic insight during discussions.
✨Tip Number 2
Network with current and former board members or executives in similar roles. Engaging with professionals who have experience in governance and compliance can provide valuable insights and potentially strengthen your application.
✨Tip Number 3
Stay updated on regulatory changes and best practices in the financial services sector. Being knowledgeable about current trends and regulations will position you as a well-informed candidate who can contribute effectively to the board.
✨Tip Number 4
Prepare to discuss your previous experiences in governance and risk management. Highlight specific examples where you've successfully navigated complex situations, as this will showcase your ability to add value to Paydek's board.
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 qualifications required for the Independent Non-Executive Director position. Tailor your application to highlight relevant experience in corporate governance, financial services, and strategic advisory.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in developing profitable strategies, managing audits, and ensuring compliance with legal guidelines. Use specific examples that demonstrate your ability to provide strategic advice and lead teams effectively.
Showcase Leadership Skills: Since the role requires strong leadership and organizational skills, be sure to include instances where you've successfully led teams or projects. Highlight your ability to motivate others and drive performance, as this is crucial for the position.
Craft a Compelling Cover Letter: Your cover letter should not only express your interest in the role but also outline how your skills and experiences align with Paydek's goals. Make it clear why you are a good fit for their Board of Directors and how you can contribute to their growth.
How to prepare for a job interview at PAYDEK
✨Showcase Your Strategic Insight
As an iNED, you'll need to demonstrate your ability to develop and execute business strategies. Prepare examples from your past experiences where you successfully contributed to strategic planning or execution, especially in financial services.
✨Understand Corporate Governance
Familiarize yourself with corporate governance principles and best practices. Be ready to discuss how you can ensure compliance with legal guidelines and company policies, as this will be a key part of your role.
✨Highlight Your Audit Experience
Since the role involves leading audits, it's crucial to highlight any relevant experience you have in audit processes. Discuss how you've previously ensured adherence to risk management frameworks and best practices.
✨Demonstrate Strong Communication Skills
Effective communication is vital for this position. Prepare to showcase your negotiation and presentation skills, perhaps by discussing a time when you successfully communicated complex information to stakeholders or led a public speaking engagement.
