Please note that the recruitment process for this position is managed through Nurole. You can apply here.
Job Description
About the Institute
The Impact Investing Institute is an independent, non-profit, set up to connect capital to impact. We act as a bridge between new economic ideas and mainstream capital markets to accelerate the impact investing field. We support investors to put impact at the heart of their commercial investment strategies. We also work with policymakers and civil society to advocate for impact investing as a powerful tool to unlock solutions to the world’s most urgent challenges like climate change and rising inequality.
Role specification
The new Committee Member will join the Institute at an exciting time as it implements a new 2024-2029 strategy and puts in place a new trading subsidiary which will enable it to further its reach. It is anticipated that they will go on to Chair the Finance, Risk and Audit Committee (FRAC) when the current Committee Chair, Olivia Dickson, completes her final term of office in 2025. At that time, they would join the full Board of the Impact Investing Institute, led by Dame Elizabeth Corley, and be invited to make a broader contribution.
As a member of the FRAC, the successful candidate will have the opportunity to play a vital role in ensuring the financial integrity and effective risk management of the organisation. Their expertise in financial matters and commerciality will prove essential in contributing to the Committee’s objectives.
Members of the Finance, Risk and Audit Committee:
- Provide valuable insights and advice on financial, risk and audit matters, and draw on commercial experience to support the Committee’s decision-making process
- Assess and evaluate the Institute’s financial statements, internal controls, and risk management practices to ensure compliance with regulations and good practice
- Monitor the financial performance of the Institute, reviewing potential risks and strategies for mitigation
- Collaborate closely with other Committee Members and key stakeholders (internal and external) to understand the Institute’s financial goals and align audit and risk management activities accordingly
- Stay up to date with relevant industry trends, regulatory changes, and emerging risks to provide proactive recommendations for continuous improvement
- Contribute to the development and implementation of effective governance structures and policies, leveraging knowledge in the commercial and / or non-profit sectors
- Champion transparency, accountability, and ethical conduct within the Institute
Person specification
The Impact Investing Institute is looking for someone who is financially qualified and has operated in an SME environment. They will become a member of the Finance, Risk and Audit Committee, with the anticipation of chairing it as well as joining the full Board in 2025.
Candidates will bring senior, strategic-level and hands-on experience and bring a strong understanding of specific financial issues in small- or medium-sized organisations — perhaps, for example, from overseeing a finance function as a CFO or FD. Given the Institute’s mix of funding sources (through both contracts and grants) exposure to non-profits would be useful, but is not necessary.
They will have experience of risk management and oversight, with the ability to manage risks with a balanced and informed approach. They will bring knowledge or experience of audit and auditing practices, and of the principles, and current best practice in good governance. They will also be able to analyse and evaluate management information and other evidence. A professional UK accounting qualification (e.g. ACA, ACCA, CIMA) is required.
Applicants must have strong communication and interpersonal skills. They will have an intuitive feel for the proportionality and agility needed for a dynamic, entrepreneurial organisation. They will be able to think critically and make sound judgments and will be committed to upholding the values and mission of the Institute. The successful candidate will be excited to join an organisation with a profoundly important mission at a pivotal time for capital markets, with the energy and drive to contribute their time and expertise to driving the Institute’s future success.
Board composition
Dame Elizabeth Corley, Chair
Jamie Broderick, Deputy Chair, Board
Baafour Otu-Boateng
Gary Stewart
Sir Harvey McGrath, Chair of the Advisory Council
Ida Levine, Chair of the Governance, Development and People Committee
Nana Francois
Nick Temple
Olivia Dickson, Chair of the Finance, Risk and Audit Committee
Rebecca Perlman
Robert Hughes-Penney
Simon Bond
Steven Serneels
Will Goodhart
You can find out more about the Board and Advisory Council here.
Terms of appointment
This role is unremunerated, and reasonable, pre-agreed domestic travel expenses will be reimbursed. The Board meets four times per year, lasting 2-3 hours each, and the Committee also meets quarterly, lasting 1.5-2 hours each. In addition, there is one Board offsite every year. Beyond formal meetings, Directors also engage with other Board members and relevant executives on an ad hoc basis. The appointment is for a three-year term with an expectation of a second term, at the discretion of the Board.
Location
This organisation is based in London and meetings will normally take place in person. Current Directors are based in the UK, Europe and North America.
Nurole process
After we have closed the application window on the Nurole platform, our team of experts carefully assess your application against the criteria outlined in the role specification. We will select a group of the most suitable candidates to present to the organisation, who will then be able to view the full application. We will always get in touch to let you know the outcome of your application. As the organisation will view the applications without edits, we therefore advise applicants to avoid using ‘see CV’ or ‘please call me to discuss further’ in your application as it may restrict your chances of progressing to the next round.
To read more about what to expect from the Nurole process, click here.
Take a look at Nurole guides on how to submit a strong application here.
Connected parties
This organisation has requested that candidates do not contact them directly. Instead, if you know someone at the organisation, please mention it in your Reason for Application. Nurole members who do not respect this may risk having their membership terminated.
Role timetable
Deadline for applications: Midnight on 9th May
Candidates can expect to be contacted by: 24th May
Candidates can expect the process to be completed by: 15th July
Please note that the recruitment process for this position is managed through Nurole. You can apply here.