Do you have a high level of practical, senior level experience in governing and managing investment related businesses or funds? We are looking for an experienced, committed and community-driven Chairperson to join the States Investment Board (SIB).
Role summary
To be a full voting member and chair the meetings of the States Investment Board (SIB) responsible for governance and management of all States investments portfolios. The SIB is structured as a sub-committee of the Policy and Resources Committee but are authorised to carry out their duties on a discretionary basis. The SIB reports directly to the Committee in accordance with their Terms of Reference [201kb].
Main duties and responsibilities:
- Supporting the Policy & Resources Committee in setting the mandate and objectives for investment of States' funds.
- Formulation of appropriate investment strategies for each of the funds, taking account of the agreed objectives and the nature of the underlying stakeholders.
- Monitoring investment strategies throughout the year, on a continuous basis, in order to assess progress toward meeting the stated objectives.
- Appointment of investment consultants or other expert resources, where necessary, to support decision making.
- Appointment and dismissal of investment managers in order to implement the investment strategies.
- Presenting the Committee with an annual report outlining the past year's investment performance and positioning of the portfolios. It will also set out proposals for the future investment strategy for approval by the Committee.
- Chairing SIB meetings so ensure their smooth running.
- Leading on the promotion of strong governance procedures and ensuring the efficient management of Funds.
Key criteria:
Applicants should be able to demonstrate their ability to meet the following criteria.
Experience, knowledge and skills:
- Board experience at an executive or non-executive level within an investment business or fund structure.
- Practical experience at a senior level of managing large / institutional investment portfolios, including asset allocation decision making.
- Competent understanding of a range of investment strategies across a broad range of asset types.
- Technical understanding of good governance practises, and risk management.
- Current or previous investment qualifications demonstrating professional attainment
Personal qualities:
- Strong communication skills to engage with professional service providers, stakeholders and the Committee.
- Commitment to maintain a high standard of professional governance and ethical behaviour.
- Strong sense of community commitment.
Remuneration and commitment:
The States of Guernsey has agreed that a remuneration allowance of £9,552 per annum should be paid to independent members of the States Investment Board. It is recognised that this may not be equivalent to similar private sector appointments, but it is hoped that members will feel this role represents a worthwhile contribution to the community.
Board meetings will normally be held monthly but avoiding peak holiday periods in July and December. Ad hoc meetings are sometimes necessary but are kept to a minimum. Meeting times are flexibly coordinated to suit Member's circumstances wherever possible. Appointments will be made for a four-year term. Meetings are normally 90 - 120 minutes in duration.
Successful candidates will be required to provide the Committee with a completed Declaration of Interests and a completed Declaration of Unspent Convictions before their appointment is confirmed.
How to apply
If you wish to apply for this role, please respond by submitting a CV, together with a cover letter and any supporting documentation detailing how you meet the criteria for the position and why you believe you should be considered.
Please also provide the names, positions, organisations and telephone contact numbers of at least two referees. References will only be taken up for those candidates taken forward to the final interview stage.
If you wish to discuss the requirements of the role, please contact Carl Johnson the Head of Treasury Management, on 223601 or by email Carl.Johnson@gov.gg
Applications should be submitted by 5pm, Thursday 29th February to Carl Johnson via email - Carl.Johnson@gov.gg