Barclays Bank UK PLC - Chair of the Board Audit Committee

Barclays Bank UK PLC (“Barclays UK” or “BBUK”) is a wholly owned subsidiary of Barclays PLC and the ring-fenced bank within the Barclays Group. Barclays UK – which includes the Personal Banking, Business Banking and Barclaycard Consumer UK businesses – is central to the Group’s strategy, which was announced earlier this year.

The current Chair of the BBUK Board Audit Committee will retire from the Board in late 2025. Therefore, the Board has commenced the process to appoint his successor as a non-executive director of BBUK, Chair of the BBUK Board Audit Committee, and member of the BBUK Board Risk Committee and BBUK Board Nominations Committee. The individual will also be a non-executive director of BBUK’s subsidiary, Kensington Mortgage Company Limited (“KMC”), as well as Chair of KMC’s Board Audit Committee and a member of KMC’s Board Risk Committee.

The new non-executive director must possess the requisite technical skills in finance. There is a preference for candidates who have retail banking credentials, gained in the UK or internationally, at either large, listed firms or smaller, entrepreneurial businesses and mutuals, provided the individual demonstrates the necessary intellect and skills to serve on the Board. In addition, the individuals must meet the legal and regulatory requirements applicable to a ring-fenced bank in respect of both independence and number of director roles held by them. In terms of the personal competencies required for the position, individuals should – amongst other things – be able to offer valuable counsel and expertise to the Board, demonstrate excellent teamwork skills and strong integrity, empower and support executives in their leadership of the business, and work effectively with internal and external stakeholders.

The new non-executive director should be able to commit 40-50 days per annum (at least 30-35 days as a BBUK non-executive director (including Board Committee membership) with an additional 10-15 days as Chair of the BBUK Board Audit Committee). The time commitment for KMC’s quarterly meeting cycle (including KMC Board Audit Committee and KMC Board Risk Committee meetings, which take place alongside KMC Board meetings in a single day) is around 10-12 days per annum.

Appointments will be made on merit, with the Board seeking diversity in its broadest sense across experience, thought, social and ethnic backgrounds.

For more information or to apply, please contact BBUK’s recruitment partner, Russell Reynolds Associates, at: responses@russellreynolds.com.

Closing date: 15/11/2024.