Independent Board Member
3 weeks ago
Independent Board Member
Location: London
Compensation: Available upon inquiry.
Based in London (with occasional travel required).
The Universities Superannuation Scheme (USS) serves as the primary pension scheme for higher education institutions across the UK. Collaborating with approximately 330 employers, we strive to secure a stable financial future for our 400,000 members and their families. With total assets nearing £78 billion, we rank among the largest pension schemes in the UK. The governance of USS is managed by Universities Superannuation Scheme Limited (USSL), which operates under a trust deed and adheres to legal obligations.
The Board of USSL consists of a diverse group of directors, including three appointed by the University and College Union (UCU), four by The Universities & Colleges Employers Association (UCEA), and five independent directors. The Board bears substantial responsibilities for overseeing a complex organization that provides operational and advisory services within a highly regulated sector. Board members are expected to possess exceptional strategic thinking, leadership, communication, and decision-making skills.
USS is committed to equal opportunities and values diversity, fostering an inclusive environment for all employees and board members. We encourage applications from a broad spectrum of candidates.
UCU is seeking candidates for a director position on the USSL Board, specifically one of the three directors appointed by UCU.
Detailed requirements for this role are outlined in the role profile, which is available upon request. Candidates should have experience in the following areas (the examples provided are illustrative; please refer to the role profile for comprehensive details):
• Stakeholder Engagement and Industrial Relations, including managing intricate stakeholder relationships, understanding industrial relations, and effectively representing member perspectives.
• Pension Industry Experience, such as serving as a pension trustee or being part of a management team within a defined benefit/defined contribution pension fund.
• Oversight of Pensions Administration and Member Engagement, involving strategies for engaging scheme members and employers, as well as experience with outsourced pension administration services.
• Corporate Governance and Board Management Expertise, including experience as a board member or committee member in a large, regulated organization, along with knowledge of corporate governance best practices.
Time Commitment: A minimum of 35 days per year.
Duration: A four-year term, with the possibility of a one-year extension (maximum tenure of five years). Reappointment may be possible at the end of the term, with a maximum of nine years allowed across multiple terms.
For further information and to request the role profile, please reach out through the appropriate channels. Please note that CVs will not be accepted. Interested candidates should complete their application and submit the required details as instructed.
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