NS&I Chief Executive Officer

National Savings and Investments

Apply before 11:55 pm on Monday 2nd January 2023



Reference number



£154,500 - £195,000
A salary in the range of £154,500 to £195,000 will be offered.

Job grade

SCS Pay Band 3

Contract type


Business area

NS&I - CEO Office

Type of role

Senior leadership

Working pattern


Number of jobs available



City of Westminster, London (region), SW1P 3BT

Job summary

The Chief Executive is Director of Savings, and Accounting Officer, and is fully accountable and responsible to HM Treasury Ministers and to Parliament for all aspects of the NS&I business. The Chief Executive is directly accountable for providing cost-effective financing for the Exchequer.

Job description

There are eight major aspects to this role:

  1. To lead the creation and implementation of NS&Iís business strategy to deliver cost-effective financing to HM Treasury, provide administration services to other parts of government (Government Payment Services) and help the government deliver policy through the provision of ad hoc products and services as required.
  2. To balance the interests of customers, the taxpayer and broader financial stability in the context of NS&Iís activities.
  3. To lead NS&I in its transition to a new multi-supplier operating model as part of the inflight Rainbow programme.
  4. To effectively manage and incentivise NS&Iís new operational partners at a senior level to deliver the agreed business plans efficiently and in line with NS&Iís values.
  5. To ensure that NS&I meets its Service Delivery Measures and its commitments to B2B clients.
  6. To ensure that high standards of governance and compliance are implemented and maintained particularly treating customers fairly.
  7. To chair NS&Iís executive management committee and act as a member of NS&Iís board, contributing to debates and decision- making about the future direction of the business.
  8. Promote the positive reputation of NS&I within the Civil Services and publicly.

Key Responsibilities

‒ Provide direction and leadership to the executive team, setting clear short- and long-term objectives and maximising the skills within the team.

‒ Ensure that NS&I has the resources it requires to deliver its strategic objectives and has the necessary risk management culture and infrastructure to ensure the business operates within the agreed risk appetite.

‒ Ensure the efficient use of public money and that NS&I operates within the guidelines set out within Civil Service frameworks.

†‒ Represent NS&I externally in the media and at Public Accounts Committee, HM Treasury Select Committee and other governance forums as required.

‒ Ensure NS&I is an attractive and inclusive place to work with a strong and open culture based on brand values and good work/life balance.

‒ Build relationships across government and the wider financial services sector to maintain the profile of NS&I as a leading savings organisation and provider of government payment services.

‒ Develop close relationships with key strategic partners at a senior level.

‒ Work closely with the non-executive chair of the NS&I Board and chairs of the other board committees to ensure appropriate whole business governance arrangements are in place and functioning effectively.

Person specification

A successful and widely respected Senior Executive with a strong track record of strategic leadership and management in a comparable organisation.

Experience of delivering a major change/transformation programme with a track record of managing elevated risk profiles and leading commercial negotiations at a senior level.

Experience of the retail financial services environment, including regulators, trade associations, and other relevant stakeholders.

Proven track record in developing capability and capacity within a professional organisation to deliver high quality outcomes aligned to the organisationís vision, values and strategic aims.

Track record of developing strategic partnerships with a wide range of Stakeholders, in particular the management of large outsourcing arrangements.

Experience of promoting a positive personal and organisational profile.

Able to manage financial budgets and clear demonstration of effective resource management. Operated effectively at Board level or at a comparable level.

Highly successful track record of success in communications.

NS&I is one of the largest savings organisations in the UK with 25 million customers and more than £207 billion invested. We are both a government department and an Executive Agency of the Chancellor of the Exchequer. Our origins can be traced back over 150 years to 1861.

†A small company with a big reach we offer a range of benefits to include flexible working, great opportunities for development and a generous pension scheme. We care for colleagues, respect one another, invest in our people and manage talent effectively.

†Some benefits of working at NS&I include:†

  • Learning and development tailored to your role
  • An environment with flexible hybrid working options
  • 9 day fortnight scheme
  • A culture encouraging inclusion and diversity
  • A Civil Service pension with an average employer contribution of 27%
  • Generous annual leave Ė starting at 25 days, increasing to 30 days
  • Performance related variable pay bonus
  • Enhanced Maternity, paternity, adoption and shared parental leave.

Selection process details

NS&I has appointed GatenbySanderson to assist with this recruitment exercise. Please see full details of the vacancy and how to apply here:

NS&I Chief Executive Officer Job , GatenbySanderson

This role is subject to Enhanced Security Check and financial credit checks.

Reserve List

A reserve list may be held for a period of 12 months from which further appointments can be made.

Working for NS&I

NS&I is currently trialling a Hybrid Working Policy and colleagues are expected to work in one of our office locations London, Durham, Lytham or Glasgow a minimum of two days per week.† Depending upon the outcome of the trial, the number of occasions you are expected to attend the office may change.

Any move to NS&I from another employer will mean you can no longer access childcare vouchers. This includes moves between government departments. You may however be eligible for other government schemes, including Tax-Free Childcare. Determine your eligibility at https://www.childcarechoices.gov.uk/.

As this role will require some travel to other sites, please be aware if you travel to a second location on average 4 days a month, you may be liable for P11D taxation.† If you have any queries concerning this please contact the NS&I HR Team.

If you are applying for a role at the same NS&I band as you are currently and the advertised salary is lower than your current salary, if you are successful and accept the role you will need to accept the role at or close to the advertised salary, which would involve your current salary being reduced.

Further information

Please visit our website http://nsandi-corporate.com/about-nsi for further details about NS&I.

Feedback will only be provided if you attend an interview or assessment.


Successful candidates must pass a disclosure and barring security check.
Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check.

See our vetting charter.
People working with government assets must complete basic personnel security standard checks.

Nationality requirements

This job is broadly open to the following groups:

  • UK nationals
  • nationals of Commonwealth countries who have the right to work in the UK
  • nationals of the Republic of Ireland
  • nationals from the EU, EEA or Switzerland with settled or pre-settled status or who apply for either status by the deadline of the European Union Settlement Scheme (EUSS)
  • relevant EU, EEA, Swiss or Turkish nationals working in the Civil Service
  • relevant EU, EEA, Swiss or Turkish nationals who have built up the right to work in the Civil Service
  • certain family members of the relevant EU, EEA, Swiss or Turkish nationals
Further information on nationality requirements

Working for the Civil Service

The Civil Service Code sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles.
The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.
The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.
Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

  • Name : Darra Power Mooney
  • Email : darra.power-mooney@gatenbysanderson.com

Recruitment team :

  • Email : darra.power-mooney@gatenbysanderson.com

Further information

The law requires for selection for appointment to the Civil Service is on merit on the basis for fair and open competition as outlined in the Civil Service recruitment principles. If you feel your application has not been treated in accordance with the recruitment principles and you wish to make a complaint, you should contact jobs@nsandi.com in the first instance. If you are not satisfied with the response you receive, you can contact the Civil Service Commission info@csc.gov.uk.

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