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- Tasks: Join our Board to shape strategies and ensure effective controls at Paydek.
- Company: Paydek is a dynamic financial organisation facilitating global cross-border payments.
- Benefits: Flexible hours, impactful role, and the chance to influence company direction.
- Why this job: Be part of a growing team that values innovation and strategic thinking.
- Qualifications: Experience in financial services, corporate governance, and strong leadership 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.
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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Contact Detail:
PAYDEK 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, especially those with experience in payment services. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in the field.
✨Tip Number 2
Familiarise yourself with Paydek's business model and recent developments. Understanding their strategic goals and challenges will allow you to tailor your discussions during interviews, showcasing how your expertise aligns with their needs.
✨Tip Number 3
Prepare to discuss your previous experiences in corporate governance and risk management. Be ready to provide specific examples of how you've successfully navigated complex situations and contributed to organisational growth.
✨Tip Number 4
Demonstrate your understanding of regulatory obligations and best practices in the financial sector. Being well-versed in compliance issues will show that you can effectively contribute to Paydek's commitment to maintaining high standards.
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 requirements of the Independent Non-Executive Director position. Tailor your application to highlight relevant experience in corporate governance, financial services, and strategic advisory roles.
Craft a Compelling CV: Your CV should clearly outline your professional journey, focusing on leadership roles and achievements in financial services. Emphasise your experience with audit committees, risk management, and compliance to align with the job's requirements.
Write a Strong Cover Letter: In your cover letter, express your motivation for applying and how your skills and experiences make you a perfect fit for Paydek. Highlight your understanding of their business model and how you can contribute to their strategic goals.
Proofread and Edit: Before submitting your application, thoroughly proofread your documents. Check for any grammatical errors or typos, and ensure that your application is clear, concise, and professional. A polished application reflects your attention to detail.
How to prepare for a job interview at PAYDEK
✨Showcase Your Financial Expertise
As an iNED, your knowledge of financial services is crucial. Be prepared to discuss your experience in payment services and how it aligns with Paydek's goals. Highlight specific examples where you've successfully navigated complex financial situations.
✨Demonstrate Strategic Thinking
The role requires developing and executing business strategies. During the interview, share instances where you've contributed to strategic planning or decision-making processes. Emphasise your ability to analyse market opportunities and mitigate risks.
✨Communicate Effectively
Excellent communication skills are essential for this position. Practice articulating your thoughts clearly and confidently. Be ready to discuss how you would maintain trust relationships with shareholders and regulatory bodies, showcasing your negotiation and presentation skills.
✨Understand Corporate Governance
Familiarity with corporate governance is key for an iNED. Prepare to discuss your understanding of best practices and how you would ensure compliance within Paydek. Bring examples of how you've previously implemented governance frameworks in your past roles.
