Launched in November 2020, the Scottish National Investment Bank is a development investment bank for Scotland, clear in its ambition to build a portfolio of impactful and transformative mission-focussed investments in the private and third sectors – and, through its investments, be a catalyst which builds a fairer, more sustainable, and innovative Scotland. As a mission impact investor, the Bank delivers patient (long term) investment capital that supports the delivery of the Bank’s missions, which in turn address the grand and inter-related societal challenges in Scotland, including the climate emergency, place-based inequality, and innovation challenges.

The Bank’s missions provide a clear long-term strategic direction and focus for its investment activity:

• Net Zero Mission: achieving a just transition to net zero by 2045.
• Place Mission: extending equality of opportunity through improving places by 2040.
• Innovation Mission: harnessing innovation to enable people to flourish by 2040.

Operationally independent from government and investing on commercial terms, the Bank’s objective is to have a portfolio and third-party capital management structure that provides commercial returns along with economic, environmental, and societal impact. This will not only support the continued growth of the Bank and contribute towards the Bank’s aim in the medium term to be financially self-sustaining, but also the Bank’s ambition to capitalise the £2 billion of public capital in the Bank’s first ten years to be reinvested over time to create a perpetual investment fund for the Scottish economy.

We are seeking to appoint a strong impact-motivated, values-driven, and inspiring Non-Executive Director to join the Bank’s dynamic and established Board. This individual will show a strong enthusiasm for impact investing and will bring passion for the Bank’s work, a strong understanding of good corporate governance, and positive energy to challenge and support the Bank deliver and grow on its ambitions.

The individual will have the ability to advise at a strategic level and bring an external perspective to the Bank’s operations, offering independent challenge and support. We are keen to hear from impact-driven leaders who bring Board level or senior executive experience gained in an investment or lending environment regulated by the Financial Conducts Authority, to complement the Board’s existing expertise.

The successful candidate will demonstrate evidence of two priority criteria:

• Regulated Environment - strong experience in a commercial FCA regulated environment, in an investment or banking context;
• Risk and Performance - significant experience of working within a FCA compliant risk management framework.

It will also be essential for the successful candidate to demonstrate evidence of three general criteria:

• Strategy - the ability to and experience of developing and implementing strategic business plans;
• Governance - experience as a leader in an organisation with a record of a robust governance culture and framework;
• Financial Performance - experience of financial performance management.

 Finally, it will be desirable if the successful candidate demonstrated evidence of:

• A working knowledge and experience of financial reporting gained in a regulated financial services environment; and
• Knowledge of the business and economic environment in Scotland or the UK, including an understanding of the challenges experienced in accessing investment.

Willie Watt, Chair 
Al Denholm, CEO
Sarah Roughead, Executive Director
Michael Robertson, Interim CFO
Tracey Ashworth-Davies
Carolyn Jameson
Peter Knott
Jason McGibbon
Nicholas Moon
Candida Morley
Jacqueline Redmond
Jonathan Taylor

The successful candidate will be compensated at £850.00 per day on a pro-rated basis, up to a maximum total fee of £21,250 per year. If appointed to the role of SIL Chair this maximum total fee would increase to £25,500 per year. The time commitment for the role is 25 days per year. If appointed to the role of SIL Chair this total expected time commitment would increase to 30 days per year.

Further information about the role can be found through in the candidate pack below:
Scottish National Investment Bank - Non-Executive Director - Applicant Information Pack

• FAQ’s about the application process is here: Public Appointments - Frequently Asked Questions
• Guidance to support applicants is here: Public appointments - gov.scot (www.gov.scot)

The appointment is regulated by the Ethical Standards Commissioner. 

UK - Scotland

We value very highly the benefits of having different experience and points of view on our Boards and we are keen that people from all walks of life apply for public appointments. Scottish Ministers particularly welcome applications from women, disabled people, LGBT+ people, people from ethnic minority communities and people aged under 50.

 If you have a disability and require an adjustment at any stage of the public appointments process, please get in touch with the Scottish Government, Public Appointments Team on 0300 244 1898 or by email at [email protected].