Beyond the Black Square
News 2nd June 2020 3 minutes read
The Bank of England has appointed Green Park as their retained search partner for two key roles in their financial leadership team: The Head of Financial Control and Reporting and Head of Finance Analytics and Insights. Both roles will report directly to the Chief Financial Officer and operate at a strategic level, working across the UK's central bank with a central mission to deliver monetary and financial stability for the British people.
The new Head of Financial Control and Reporting (FC&R) will work closely with leaders across the organisation to bring technical expertise and best industry practice to bear in business cases and in the Bank’s financial decisions. The jobholder will take the lead on all Bank-wide issues relating to accounting policy, financial reporting disclosures and controls, and tax strategy.
The Head of Finance Analytics and Insights is a newly created position and will be responsible for leading the design and introduction of a new multi-year financial framework, integrating financial and workforce planning, and underpinning cost transformation and business partnering with cutting edge data analytics to develop fresh insight and challenge.
Public trust is key to the success of the Bank. The Finance & Performance Directorate plays a critical role in developing the corporate strategy and protecting the Bank's financial position and reputation. The overall purpose of the Directorate is to contribute to the successful execution of the Bank's aims and objectives by ensuring it has an appropriate financial platform for its broader responsibilities and for the challenges facing an organisation with a balance sheet of £600 billion and annual expenditure of £650 million.
David Sayers, Partner at Green Park and Head of the Financial Officers Practice, will be leading the search. David’s career has spanned over 30 years primarily both as a Finance Director within the global property sector and latterly as a head-hunter amidst the C-suite community. During this time, he has worked for both FTSE and privately-owned recruitment businesses as well as having successfully launched and developed his own practice.
An experienced advisor on many issues surrounding CFO-level strategic requirements, David is regularly brought in by the Board when they are looking to secure their new Group Finance lead, as well as being mandated by the CFO when an organisation is looking to strengthen their teams to meet the demands of an ever-changing business landscape.
David comments, “This is a critical time for the Bank, with significant uncertainties in the external outlook and major internal change programmes and external funding schemes, coincident with the appointment of a new Governor. More than ever, the Bank’s actions will be subject to close external scrutiny. We will be running an external search as well as posting advertisements to attract a wide pool of potential candidates for these two crucial roles. These responses will be coordinated, reviewed and then out through our rigorous selection process to present a diverse set of shortlists in which to select their new finance leaders."
Afua Kyei, Chief Financial Officer, The Bank of England, comments: “Finance has a broad, dynamic and fast paced agenda, which influences at the highest level with Governors and Non-Executive Directors. Finance has a key role to play in ensuring that the Bank’s activities are appropriately resourced, and that financial matters are budgeted for and reported accurately.
This role will be a member of my Finance Leadership Team and will partner with me to help achieve my vision. The successful candidate will be resilient and adept at providing intellectual and fact-based rationale for decisions, responding positively to challenge, and at proactively influencing the strategic agenda. This is a challenging, rewarding role in a fast-paced, ever-changing environment, where your contribution will make a real difference. Excellent thought leadership, technical, execution and influencing skills will help you be successful in this role. You will thrive leading a diverse and inclusive team to achieve the best outcomes for the Bank and society.”
An award-winning consultancy, Green Park offers Executive Search, Interim Management, Board Advisory, Diversity & Inclusion and Managed Service People Solutions across the private, public and third sectors. In 2019, Green Park was the only recruiter to feature on the Sunday Times Fast Track 100, an index of the UK’s fastest growing privately owned companies, achieving sales of £90.1 million in its last financial year.
The search for The Bank of England’s Head of Financial Control and Reporting and Head of Finance Analytics and Insights is currently underway and applicants can find more information at: