Details on how to apply can be found here: Reclaim Fund Ltd How to Apply
Reclaim Fund Ltd - Non-Executive Director
Contents
Summary
- Organisation
- Reclaim Fund Ltd
- Sponsor department
- HM Treasury
- Location
- London
- Sectors
- Digital and Technology
- Skills
- Technology / Digital, Cyber Security
- Number of vacancies
- 1
- Time commitment
- 30 day(s) per annum
- Remuneration
- £32,000 per annum
- Length of term
- 3 Years
- Application deadline
- 11:59pm on 6 September 2026
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Timeline for this appointment
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Opening date
30 July 2026
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Application deadline
11:59pm on 6 September 2026
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Sifting date
5 October 2026
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Interviews expected to end on
3 November 2026
Timeline dates are only an estimate and can change
About the appointment
Appointment description
This is an opportunity to join a purpose-driven organisation with a strong social value proposition and a well-regarded Board at a key moment of growth. RFL’s activities have a proven impact and make a real difference in enhancing communities and enriching lives. Central to RFL are its values of Integrity, Collaboration, Responsibility, Respect, and Evolution.
The appointed candidate will work with Board colleagues and the Executive to support RFL’s strategic oversight, governance, and continued growth of the Scheme. For this appointment, RFL is particularly seeking to strengthen the Board’s capability in cyber security, technology oversight, digital operations, operational resilience, IT assurance, and third-party provider oversight within a regulated financial services environment. This is a broad operational and governance appointment, rather than a narrowly cyber-focused role. RFL is seeking a candidate with senior operational leadership experience, ideally gained as a Chief Operating Officer or equivalent, who can bring informed Board-level oversight of technology, cyber security, resilience, controls, outsourcing, and service delivery. This experience may have been gained in a financial services or non-financial services organisation, and in either the private or public sector.
In addition, the successful candidate will be Chair of the Remuneration Committee and will also be a member of the Audit and Risk Committee. Given RFL’s purpose, stakeholder environment, and relationship with the Government, RFL would particularly welcome candidates who bring experience of operating in, or working closely with, the public sector, arm’s-length bodies, public bodies, or other public-interest organisations.
Organisation description
Reclaim Fund Ltd (RFL) operates the UK’s Dormant Assets Scheme. Since 2011, we have been trusted to receive, manage, and distribute dormant asset funds.
We work hand-in-hand with the financial sector, the Government, and The National Lottery Community Fund to create lasting impact across the UK. Together, we use money that would otherwise be lost to help good causes that would otherwise miss out.
But that doesn’t mean account holders are compromised: RFL take on full liability for the funds transferred to us and expertly maintain reserves to refund participants for any customer reclaims – in perpetuity, and with any interest owed.
We are the experts in dormant assets and offer all the support necessary to firms embarking on their journey to participation. With our bespoke support, over sixty financial institutions – from major multinational investment firms to small community-based building societies – are already unlocking the potential of dormant assets.
We are a not-for-profit, Arm’s-Length Body of HM Treasury. The Government’s shareholding is managed by UK Government Investments (UKGI), and we also work closely with the Department for Culture, Media and Sport.
We are:
- Owned by HM Treasury and regulated by the FCA.
- Self-funded through returns on our investments, with no fees charged to participants and no taxpayer money provided from the Government.
- Governed by an independent Board of Directors , whose biographies can be found here.
- Led by a dedicated Executive Committee.
2026 marks our fifteenth year of operation, which we are proud to have marked with an extraordinary distribution of £370.3 million. To date, we have now unlocked over £1.6 billion to more than 2,700 charities and social enterprises across the UK – as well as reuniting over 200,000 dormant accounts with their rightful owners.
Impact of the Scheme
The Dormant Assets Schemes transforms otherwise dormant money into lasting, real-world impact across communities throughout the UK. Since 2011, the Scheme has shown how even small amounts of unclaimed money, when pooled together, can be harnessed to benefit society at scale.
The Scheme distributes funding through The National Lottery Community Fund via expert organisations that focus on different areas of impact, in line with the government’s strategic spend direction. In England, these include Better Society Capital, Access – the Foundation for Social Investment, Fair4All Finance, and Youth Futures Foundation.
The following are just a small sample of social and environmental initiatives that have received dormant assets funding:
- 1625 Independent People works with young people aged 16 to 25 in Bristol, South Gloucestershire, North Somerset, and Bath and North East Somerset. 1625IP provides support to help young people find and sustain their accommodation, as well as providing safe and stable supported housing that is affordable and accessible.
- Reconnections is a service to reduce loneliness and social isolation in Worcestershire, led by Age UK Herefordshire and Worcestershire. Reconnections works with local partners that cater for everyone, from befriending to boules, lunch clubs to libraries, pubs to pets! They are supported by volunteers, whose commitment, friendliness, and energy – not to mention huge enthusiasm – make the service what it is.
- Beat is the UK’s leading eating disorder charity. Since 1989, they have been providing support to people suffering from eating disorders, their friends and families, and other caregivers, and working to raise awareness and understanding of these serious mental illnesses.
Further case studies can be found on our website here.
Board composition
Board Composition can be found here.
Person specification
Essential criteria
Operational Leadership and Resilience
- Candidates will bring substantial experience of leading or overseeing complex operations in a regulated environment, with a strong understanding of how operational resilience, technology, controls, outsourcing, and service delivery work in practice. This would include experience in the oversight of critical outsourced operations, technology, or service delivery arrangements.
- Candidates should have sufficient understanding of cyber and IT matters to oversee and challenge these issues at Board level, while bringing a broader operational and governance perspective rather than a narrow technical specialism. They should be able to place cyber and technology risks in the wider context of operational delivery, resilience, controls, outsourcing, and service performance.
Understanding of the Broader Environment
- Candidates will also be aligned to the values and social purpose of the organisation and bring a broader perspective on the macro-economic climate and the political environment within which RFL operates. Candidates will therefore bring a proven understanding of how the Government and other important stakeholders function. They should also demonstrate an appreciation of RFL’s role in working with the financial sector, the Government, and The National Lottery Community Fund to unlock the potential of dormant assets for good causes, while safeguarding the rights of dormant asset holders. Experience of operating in a public sector or public-interest context, or working closely with Government, arm’s-length bodies, or public bodies, would be particularly relevant.
- Candidates should bring sound governance instincts, independent judgement, and the ability to contribute effectively at Board and Committee level. They should be able to contribute across the wider responsibilities of the Board, not solely in relation to their specialist expertise.
- Candidates should be able to assess whether management information, assurance, controls evidence, and incident reporting are sufficiently robust, clear, and actionable to support effective Board oversight, and to identify the operational, financial, regulatory, and organisational issues that most require Board attention.
- The successful candidate will also be a member of the Audit and Risk Committee and should be able to contribute to Board-level oversight of risk management, assurance, internal controls, operational resilience, cyber and technology risk, outsourcing, and third-party provider arrangement.
Culture
- This individual will also fit the style and culture of RFL. The Board fosters a culture of openness and transparency, and operates in a collegiate manner. Candidates will therefore provide a proven track record of being able to form good relationships with fellow directors and senior executives whilst being able to challenge management in an engaged, constructive, and informed fashion. Candidates should be able to demonstrate behaviours consistent with RFL’s values of Collaboration, Evolution, Integrity, Respect and Responsibility.
Stakeholder Management
- All candidates will need to have a proven track record of senior, diverse stakeholder management. Experience of working constructively with executive teams, regulators, the Government, delivery partners, and third-party providers would be particularly relevant. Candidates should be comfortable operating in environments involving public accountability, regulation, and complex stakeholder interests.
Desirable criteria
- RFL would particularly welcome candidates who are at the portfolio stage of their career and who have experience as an executive or Non-Executive Director in a Government department, arm’s-length body, public body or other public-interest organisation.
- Suitable candidates may have demonstrable senior executive experience in an operational leadership role, ideally as a Chief Operating Officer or equivalent, with responsibility for operational delivery, resilience, controls, technology-enabled operations, and third-party management within a regulated financial services environment.
Application and selection process
Green Park will acknowledge your application and keep you updated on the progress of the competition. The selection panel will then assess your application to select those demonstrating the best fit with the role by considering the evidence you have provided against the Essential Criteria in the Person Specification section. Failure to address any or all of these may affect your application. The Panel will identify a subset of candidates who best match the criteria for an initial interview with Green Park to further explore their skills and experience with reference to the criteria in the person specification.
The Panel will then have a further meeting to review interview reports on these candidates, alongside CVs and statements of suitability, in order to select the shortlist. Shortlisted candidates will be advised on the outcome as soon as possible thereafter. References will be taken up for shortlisted candidates in advance of final panel interviews. Furthermore, please note that due diligence and conflict of interest checks are undertaken on all shortlisted candidates.
If you are shortlisted, you will be asked to attend a panel interview to have a more in-depth discussion of your previous experience and professional competence in relation to the criteria set out in the vacancy description, key responsibilities and accountabilities, and person specification. Prior to interview, you may have the opportunity for informal conversations with key personnel to improve your understanding of the organisation.
Full details of the assessment process will be made available to shortlisted candidates.
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has no political activity to declare.
The Panel will consist of:
Lawrence M. Weiss (Chair)
Rubaba Khan (Shareholder NED)
Donal Quaid (NED and Chair of the Investment Committee)
In general, you should have the right to work in the UK to be eligible to apply for a public appointment.
There are a small number of specialist roles that are not open to non-British citizens. Any nationality requirements will be specified in the vacancy details.
The Government expects all holders of public office to work to the highest personal and professional standards.
You cannot be considered for a public appointment if:
you are disqualified from acting as a company director (under the Company Directors Disqualification Act 1986);
have an unspent conviction on your criminal record;
your estate has been sequestrated in Scotland or you enter into a debt arrangement programme under Part 1 of the Debt Arrangement and Attachment (Scotland) Act 2002 (asp 17) as the debtor or have, under Scots law, granted a trust deed for creditors.
When you apply, you should declare if:
you are, or have been, bankrupt or you have made an arrangement with a creditor at any point, including the dates of this.
you are subject to a current police investigation.
You must inform the sponsor department if, during the application process, your circumstances change in respect of any of the above points.
When you apply you should also declare any relevant interests, highlighting any that you think may call into question your ability to properly discharge the responsibilities of the role you are applying for. You should also declare any other matters which may mean you may not be able to meet the requirements of the Code of Conduct of Board Members (see Outside interests and reputational issues section below)If you need further advice, please contact: richard.grayling@green-park.co.uk
The successful candidate will be required to undertake Baseline Personnel Security Standard checks in line with the Civil Service guidelines. Additional Security Clearance may also be required for certain roles. However, where this applies, candidates will be notified during the appointment process. Further information on National Security Vetting can be found on the Gov.uk website here.
Additional information for candidates
We encourage applications from talented individuals from all backgrounds and across the whole of the United Kingdom. Public Offices and bodies are most effective when they reflect the diversity of the society they serve and this is an important part of the Government’s commitment to breaking down barriers to opportunity.
We collect and monitor diversity data about applicants’ characteristics, including people’s educational and professional backgrounds, to understand the diversity of applicants and appointees. As set out in section 3 of our privacy notice, we do this to ensure we are attracting a broad range of people and our selection processes are fair for everyone. Without this information, it is difficult to see whether the application process is having an unfair impact on certain groups or our changes are making a positive difference.
When you apply, you can select “prefer not to say” to any question you do not wish to answer. Once you submit your application, your responses are collected by the Cabinet Office and the government department(s) managing your application. We use this anonymised data to create reports on the timing and outcomes of our recruitment campaigns, as well as the diversity of our appointees. This transparency helps us create a fairer environment for everyone by highlighting where we need to do better.
We are a member of the Government’s Disability Confident scheme. We use the Disability Confident scheme symbol to show our commitment to good practice in appointing disabled people. The scheme helps our organisation recruit and retain the expertise of these applicants, supporting their journey into leadership roles in public life.
As part of the scheme, the panel will aim to offer an interview to those who meet the essential criteria for the role, set out in the advertisement, and who have asked that their application be considered under the scheme. If a high volume of applications is received, the panel will ensure that a proportionate number of interviews are offered to disabled applicants that meet the minimum criteria, rather than all of those candidates.
Indicating that you wish your application to be considered under the scheme will not prejudice your application. By ‘essential criteria' we mean that you must provide evidence which demonstrates how you meet the level of competence required under each criteria. This does not mean that all disabled applicants are entitled to an interview. If you have any questions or want to discuss your application in confidence, please contact the team as early as possible using the email listed under 'Contact details' at the end of the advertisement.
We are committed to making reasonable adjustments to ensure applicants with disabilities and/or, long term conditions, covered under both the Equality Act 2010 (England, Scotland & Wales) and Disability Discrimination Act 1995 (Northern Ireland) are not substantially disadvantaged when applying for public appointments.
We aim to create an accessible and supportive experience that allows every applicant to demonstrate their full range of talents and perspectives and work closely with applicants to ensure that any necessary reasonable adjustments are in place to remove any barriers. This can include changing the recruitment process to enable people who wish to apply to do so.
Some examples of common changes are:
- ensuring that application forms are available in different or accessible formats (for example, large print);
- making adaptations to interview locations including hybrid arrangements;
- allowing applicants to present their skills and experience in a different way, for example receiving interview themes in advance, having additional processing time during assessments, or choosing a communication style that best showcases their skills. Examples of different styles may include a video or audio application or a presentation in place of a supporting statement;
- giving additional detailed information on the selection and interview process in advance to allow applicants time to prepare themselves;
- arranging support such as British Sign Language (BSL) interpreters or allowing support workers;
- making provision for support animals to attend where possible;
If you require any reasonable adjustments, you will have the chance to request these early in the application process;
If you have any questions or want to discuss your application in confidence, you should contact the team as early as possible using the email listed under 'Contact details' at the end of the advertisement.
The Seven Principles of Public Life (also known as the Nolan Principles) apply to anyone who works as a public office-holder.
1. Selflessness
Holders of public office should act solely in terms of the public interest.
2. Integrity
Holders of public office must avoid placing themselves under any obligation to people or organisations that might try inappropriately to influence them in their work. They should not act or take decisions in order to gain financial or other material benefits for themselves, their family, or their friends. They must declare and resolve any interests and relationships.
3. Objectivity
Holders of public office must act and take decisions impartially, fairly and on merit, using the best evidence and without discrimination or bias.
4. Accountability
Holders of public office are accountable to the public for their decisions and actions and must submit themselves to the scrutiny necessary to ensure this.
5. Openness
Holders of public office should act and take decisions in an open and transparent manner. Information should not be withheld from the public unless there are clear and lawful reasons for so doing.
6. Honesty
Holders of public office should be truthful.
7. Leadership
Holders of public office should exhibit these principles in their own behaviour and treat others with respect. They should actively promote and robustly support the principles and challenge poor behaviour wherever it occurs.
The Government expects all holders of public office to work to the highest personal and professional standards. In support of this, all non-executive board members of UK public bodies must abide by the principles set out in the Code of Conduct for Board Members of Public Bodies. The Code sets out the standards expected from those who serve on the boards of UK public bodies and will form part of your terms and conditions of appointment.
Holders of public office are expected to adhere and uphold the Seven Principles of Public Life and the Code of Conduct for Board Members of Public Bodies. Before you apply you should consider carefully:
- any outside interests that you may have, such as shares you may hold in a company providing services to government;
- any possible reputational issues arising from your past actions or public statements that you have made;
- and/or - any political roles you hold or political campaigns you have supported;
You will need to answer relevant questions in relation to these points when making an application. Many conflicts of interest can be satisfactorily resolved and declaring a potential conflict does not prevent you from being interviewed. If you are shortlisted for an interview, the panel will discuss any potential conflicts with you during that interview, including any proposals you may have to mitigate them and record that in their advice to ministers. Alongside your own declaration, we will conduct appropriate checks, as part of which we will consider anything in the public domain related to your conduct or professional capacity. This may include searches of previous public statements and social media, blogs or any other publicly available information. The successful candidate(s) may be required to give up any conflicting interests and their other business and financial interests may be published in line with organisational policies.
Details of declared political activity will be published when the appointment is announced, as required by the Governance Code (political activity is not a bar to appointment, but must be declared).
As this is an office holder appointment, you will not become a member of the Civil Service. You will not be subject to the provisions of employment law.
Appointments are for the term set out in this advert, with the possibility of re-appointment for a further term, at the discretion of Ministers. Any re-appointment is subject to satisfactory annual appraisals of performance during the first term in the post. There is no automatic presumption of reappointment; each case should be considered on its own merits, taking into account a number of factors including, but not restricted to, the diversity of the current board and its balance of skills and experience. In most cases, the total time served in post will not exceed more than two terms or ten years in any one post.
Remuneration for this role is treated as employment income and will be subject to tax and National Insurance contributions, both of which will be deducted at source under PAYE before you are paid.
You can claim reimbursement for reasonable travel and subsistence costs which are properly and necessarily incurred on official business, in line with the travel and subsistence policy and rates for the organisation to which you are applying.
This is an office holder appointment and does not attract any benefits under any Civil Service Pension Scheme. You will not be eligible for redundancy pay as you are not an employee. No other arrangements have been made for compensation upon the end of your term of appointment because an office holder who is appointed for a limited duration would have no expectation of serving beyond that period.
We will notify you of the status of your application. We regret that we are only able to offer detailed feedback to candidates who have been unsuccessful at the interview stage.
We aim to process all applications as quickly as possible and to treat all applicants with courtesy.
If you would like to make a complaint regarding your application the please contact richard.grayling@green-park.co.uk. Your complaint will be acknowledged upon receipt and they will respond within 15 working days.
The Cabinet Office will use your data in line with our privacy policy.
UKGI privacy policy
Green Park privacy policy
Contact details
If you have any queries about any aspect of this role, or merely wish to have an informal discussion, then please contact Richard Grayling on richard.grayling@green-park.co.uk