Fintech Non-Exec Director - Digital Bank
My client is the UK subsidiary of a very well established African bank, specialising in trade finance, corporate banking and treasury. They received a 'variation of permission' from the PRA/FCA earlier this year, which will allow them to focus on domestic and cross border activities with private clients (high net worth individuals) in Africa, who wish to have a London banking relationship.
This position requires someone with UK retail banking experience who can offer strategic guidance on governance arrangements, as well as advice on structuring teams at non-exec, exec and senior management level. Working closely with the chairman and other NEDs, you will need to identify opportunities to deploy fintech/digital solutions for an overseas emerging market; guide the board in understanding the technology; advise on how to satisfy regulatory requirements and navigate risk management concerns.
The successful candidate will therefore need:
- Experience operating in a a UK regulated retail bank environment
- Fintech experience in retail banking, payments and/or onboarding
- A deep understanding of challenges and issues facing a retail bank and the board
- A recent background in a senior manager or 'approved person' role, as defined by the UK regulators
This is a rare opportunity to join a financially secure banking subsidiary, in 'scale up' mode, who are launching a new retail business unit. It would be a great fit for someone deeply embedded in the Fintech space, who can help accelerate their growth with guidance on digital implementation as well as regulatory and risk considerations.