Non-Executive Director RTGS​/CHAPS Board

Job-:
BoE Job Family

Location:

London, United Kingdom

Schedule:

Full time Posted:
Closes:
Base Salary:
Competitive Directorate:
Payments As the central bank of the United Kingdom, the Bank of England operates the RTGS service and CHAPS, the UK’s high-value payment system and settlement service. These services support the Bank’s mission of maintaining monetary and financial stability by providing risk free settlement and the infrastructure to implement Monetary Policy decisions and provide liquidity. There are 40 direct CHAPS participants and several thousand indirect participants settling over 405bn of payments per day (2026).

When adding other types of settlement, RTGS settles over 890bn per day.

The Bank is seeking an independent member of the RTGS/CHAPS Board (the Board) with the experience and capability to chair the risk committee. The Board provides strategic leadership for these payment systems and is chaired by the Bank’s Deputy Governor for Markets, Banking and Resolution. In addition to a number of internal directors, the Board has five Independent Members whose role is to:ensure there is independent challenge to the Bank in the management of RTGS and CHAPS Bring broader experience and insight and an independent perspective to Board decision-making, openness and accountability

Contribute to robust and well-informed debate and hold the executive team to account

The successful candidate will be expected to have:

Minimum Criteria Experience as a senior risk management executive, Board member or equivalent risk sub-committee member, with responsibility for overseeing risks across a wider ecosystem of suppliers and users, major change delivery and cyber security

An understanding of operational resilience issues, including third-party risk management and emerging cyber threats

An understanding of payment systems and the environment in which the RTGS and CHAPS services operate

Strong stakeholder management skills; the ability to influence senior decision makers and develop relationships in order to shape good outcomes and hold executives to account

Desirable Criteria Prior experience as a Non-Executive Director would be advantageous, although is not essential The role is expected to require a commitment of circa 38 days per annum. The appointment will be for three years, with the possibility of renewal. Remuneration will be 39,900 per annum. Meetings will take place at the Bank’s offices in London or virtually.

The responsibilities of the Board include reviewing confidential and commercially sensitive information. All members of the Board are required to adhere to the Board’s Conflicts of Interest Code of Practice. Under this Code controlling shareholdings in, or Board membership of, a firm materially engaged in the direct provision of services to RTGS/CHAPS, or a direct user of CHAPS is likely to disqualify an individual.

Members are required to abide by the Bank’s Code for staff: further details can be found at: .  Candidates should therefore carefully consider whether their circumstances may give rise to a conflict and declare this on application, as members will be selected with due regard for the avoidance of conflicts of interest.

For more information and to apply,  to:
The closing date for receipt of applications is midnight on 16 November 2027

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