Non Executive Board Member – Investments
Non-Executive Board Member - Audit & Risk
£24,800 pa for c 24 days (preparation and meetings) Cardiff or Wrexham
This is a vital time for two individuals to join this Board of Directors and support DBW’s work developing regional and local economies in Wales. Since 2017, the bank has become a valued partner to government and a supportive, commercial funder of business, people and communities, deploying £1.5 billion of direct investment whilst attracting £586 million of co-investment. As a leading UK impact investor and public finance institution, DBW develops and delivers funds, products and services to remove barriers to economic growth and sustainable development.
With £2.6 billion under management and plans to grow further though developing new sources of capital, these appointments come at a key time for Welsh and UK economies. With the UK’s agenda for economic growth, the organisation is well placed to continue to bring ambitions to life, and fuel possibilities for people, businesses and communities all across Wales.
DBW are looking for two Board members who share their ambition for economic growth and commitment to strong governance. They will join their main Board as non-executives, and also sit on either their Audit & Risk Committee or their Investment Committee.
Candidates will bring Board level non-executive or executive experience from regulated financial services (preferably a commercial bank, equity investment firm or related investment organisation). Exposure to working with the public sector would also be advantageous.
The Audit and Risk Committee supports the Board and CEO (as Accounting Officer) in ensuring the adequacy of risk management, internal control and governance including financial statements, risk management, audit processes and probity and whistle-blowing policies. They provide an annual report to Welsh Government on DBW’s work and confirms the adequacy of its audit arrangements and assurance. Candidates will possess formal financial or accounting qualifications and considerable financial and risk management acumen.
The Investment Committee, an executive rather than a Board committee, considers investment proposals exceeding £500,000, exits from unlisted entities exceeding £750,000 and exit strategies for listed entities. Individuals will have a significant track record of making investment decisions across debt and equity investments as a result of rigorous analysis, as well as bringing broader investment knowledge and exposure.
All candidates will have an understanding of and empathy for the Welsh economy, and share DBW’s passion for making Welsh businesses successful.
The organisation would like its Board to represent the diversity of the communities it serves and welcomes applications from underrepresented groups. DBW has 6 Board meetings + 1 strategy meeting pa, @ 0.5 day in Cardiff or Wrexham (head office). The 5 Audit & Risk Committee meetings align with the main Board meetings and the Investment Committee meets regularly, totalling c 12 days pa. Attendance in person at main Board meetings is preferred.
If you would like further information about these roles, please contact Odgers Wales on odgerswalespractice@odgers.com or call 029 2078 3050. To apply, please visit www.odgers.com/93564.
