Institute and Faculty of Actuaries
Non-Executive Directors
The Institute and Faculty of Actuaries (IFoA) is the UK’s only chartered professional body dedicated to educating, developing and regulating actuaries based both in the UK and internationally. The IFoA serves more than 32,000 members worldwide, guiding their actuarial education at all stages of qualification and development throughout their careers. The IFoA sets examinations, continuing professional development, professional codes and disciplinary standards for members, regulating under the oversight of the Financial Reporting Council (FRC).
After a major independent review, the IFoA has approved a series of measures to strengthen and modernise its governance. The changes reflect governance best practice and support the IFoA’s ambition to be a leading professional body, as well as promoting accountability and diversity globally. As a result, the existing Management Board will be reconstituted as a new unitary Board with an independent Chair. The new Board will comprise 9 members in total: 3 independent non-executive directors (including the Chair), 5 IFoA member non-executive directors (who must be members of the actuarial profession, one of whom will be the President) and the CEO.
With the search for the new independent Chair underway, the IFoA is now seeking to appoint 2 independent non-executive directors and 4 member non-executive directors. IFoA member directors must be current IFoA members in good standing. Independent directors must not be current or past IFoA members.
This is an exciting opportunity to join a newly formed Board. The ideal candidate will have a proven track record of working at Board level and knowledge of good corporate governance. They must be a role model for values-led behaviours and possess the personal qualities of integrity and credibility with a demonstrable commitment to diversity and inclusion. Across both the IFoA member and independent roles, the IFoA is looking for candidates with a range of skills and experience. Areas of particular interest include: IT infrastructure and transformation; Legal expertise; Education and/or edutech; Finance, audit and risk; Communications; Strategic human resources; and Regulatory experience.
Saxton Bampfylde Ltd is acting as an employment agency advisor to the IFoA on this appointment. For further information about the role, including details about how to apply, please visit www.saxbam.com/appointments using reference QBMIB. Alternatively telephone +44 (0)20 7227 0880 (during office hours). Applications should be received by noon on Monday 18th March 2024.
The IFoA serves more than 32,000 members worldwide, guiding their actuarial education at all stages of qualification and development throughout their careers.