Independent Non-Executive Director (iNED)

London, England, United Kingdom

12/17/2024

Typical terms of employment:

• Employment contract: Fixed-term (typically 3 years, renewable)
• Location: London
• Office visit expectations: 1-2 times per month
• Reporting structure: Reports to Chairman of the Board
  
  

At Kroo Bank, we aim to redefine banking with innovative digital services and cutting-edge technology. Our Board is critical in shaping our strategic direction and governance, ensuring Kroo continues to thrive in a competitive and evolving landscape.

As an Independent Non-Executive Director (INED), you will provide independent, objective oversight to the Board, ensuring robust governance and strategic alignment. Your role will balance deep regulatory understanding with a strong focus on strategy, commercial acumen, and supporting the executive team.

Key Responsibilities:

• Strategic Oversight: Provide critical input and guidance on Kroo's strategic objectives, ensuring alignment with our mission and growth ambitions backed by a commercial mindset
• Technology and Digital Banking: Provide oversight of Kroo's banking technology, cybersecurity, and digital initiatives, ensuring they align with business goals and regulatory requirements
• Challenge and Support: Actively engage with the executive team, offering constructive challenges to strategic proposals and decisions while fostering a supportive environment for success
• Governance Leadership: Uphold Kroo's governance framework, ensuring adherence to best practices, and fostering a culture of accountability, integrity, and ethical leadership
• Regulatory Insight: Leverage your understanding of financial regulations, including FCA, PRA, and Consumer Duty standards, along with ICAAP, ILAAP, risk and capital frameworks to ensure robust compliance and risk management frameworks.
• Membership of Board Committees: Actively participate in Board Committees, with membership aligned to your expertise and the Board's needs, contributing to effective governance and decision-making
  
  
  

Requirements

Key Skills Areas:

• Commercial Acumen: Ensure the Board prioritises customer-centric innovations, operational efficiency, and financial sustainability alongside compliance and risk management, within the context of a retail banking environment
• Retail Product Knowledge - Current Account, Savings and Lending: Ensure alignment between product offerings, market needs, and compliance with UK regulations
• Technology: Oversee our Technology & IT infrastructure in line with operational, strategic, and regulatory needs
• Financial Crime and AML Oversight: Guide the Board in anti-money laundering strategies and financial crime prevention
• Stakeholder Engagement: Represent the interests of shareholders, customers, and employees, ensuring their perspectives inform decision-making
  
  
  

Required Skills And Attributes

• 5+ Years proven experience in a strategic leadership role within the UK Retail banking sector ideally with fintech experience.
• Strong commercial acumen, with the ability to drive business growth while maintaining robust risk management
• Familiarity with banking technology, cybersecurity, and digital transformation initiatives
• Expertise in governance frameworks, compliance, and consumer duty requirements
• Ability to navigate complex stakeholder relationships with tact and influence
• A track record of challenging and supporting leadership teams effectively
• Commitment to Diversity and Inclusion
• Ideally based in the UK.
  
  

At Kroo Bank, we believe diversity drives innovation and growth. We are committed to creating an inclusive environment where everyone feels valued and empowered. If you require any accommodations, our People Team is here to support you.