Finance and Resource Committee independent member
The Finance and Resource Committee plays a crucial role at the NMC, providing assurances and advice to the Council in discharging its responsibilities with regard to its current and forecast financial position and operational performance and delivery, providing strategic oversight of the organisation’s finances and resources, ensuring Value for Money, long-term financial sustainability and scrutinising the efficient and effective use of resources including its people, finances, estate, technology and data. It supports the Council in maintaining the organisation as a going concern whilst delivering our strategic objectives including programmes to deliver and enable future sustainability.
The terms of reference can be found here: Terms of Reference (nmc.org.uk)
Over the coming months, the NMC is looking to strengthen its committees and the assurances they provide to Council. In doing so, it is important that committees build on the trust they have within the NMC, deliver a quality service that meets the needs of the organisation and balances the pace at which assurances are sought and the
Currently, the Committee membership is comprised of four Council members and two independent members, one of whom will be coming to the end of their term in October 2026. To supplement the Committee’s skills and expertise, the Council is seeking to appoint an independent member (known as a Partner member) of the Finance and Resource Committee. This is a high-profile role, offering an unrivalled opportunity to operate on a national level to play a crucial role at the NMC.
Conflicts of interest
As part of your application you are asked to declare any actual or potential conflict of interest or loyalty that could be perceived as relevant to the NMC. Please read the guidance here.
Role description
Members of the Finance and Resource Committee play a valuable role, providing strategic direction and oversight of the Nursing and Midwifery Council’s investment assets. You will help to implement, refine and review our financial strategy and monitor the performance of our investment managers to ensure that our investment objectives are met. The role offers a unique opportunity to contribute to the safety and well-being of the public. By contributing to the robust governance and accountability systems of the NMC, you will play a vital role in upholding public trust in nursing and midwifery, and our role as a regulator.
The role of members includes:
- preparing for and actively participating in scheduled meetings of the Finance and Resource Committee, enabling the Committee to:
- act as a trusted sounding board to senior officials as appropriate,
- provide oversight, scrutiny, challenge and advice about the operational implications of policy, delivery and transformation proposals, particularly the NMC’s People Plan and Equality, Diversity and Inclusion Plan.
- ensure that there are appropriate systems in place for remuneration and succession planning, including considering annual pay review for all employees.
- participating in an annual appraisal of your own performance and contributing to an annual evaluation of the effectiveness of the Board as a whole.
- upholding the public interest and carrying out your role in accordance with the NMC Members’ code of conduct, our values (integrity; respect; fairness; equity; effectiveness) and The Seven Principles of Public Life.
- following best practice in relation to equality, diversity and inclusion, complying fully with the NMC’s responsibilities under anti-discrimination legislation and ensuring the NMC’s equality objectives are upheld.
Eligibility
We recognise that lived experience is a powerful asset. We encourage you to bring that valuable perspective to our committees. We welcome applications from eligible individuals across all sectors, including those with experience in public, private, or non-profit organisations. Whether your background is in healthcare, technology, finance, education, or another field, your personal perspective can help the NMC navigate its complex challenges
We are seeking lay members, and as such candidates must not be, or ever have been, a registered nurse, midwife or nursing associate, nor have any intention of commencing practice in any of these professions.
Disqualifications
You need to check that you are not disqualified from being a member of the Committee. The disqualifications that apply to candidates can be found in the application form.
Assessment competencies
We will use the following competencies to assess candidates at every stage of the selection process.
NOTE: You will need to explain in your supporting statement how your expertise, experience, knowledge, and skills match each of the competencies. You can provide evidence of these competencies from any aspect of your life, experiences and activities, not just through your professional or work roles.
Essential competencies:
Competency 1: significant senior level broad investment experience, either directly in fund management or through the monitoring and reporting of investment performance:
- Highly developed knowledge, understanding and experience of investments.
- Ability to provide strategic direction and vision in investment matters.
- Ability to provide oversight, support and challenge on investment matters.
- Knowledge and appreciation of the ethical dimension to investments.
Competency 2: understanding of the public and stakeholder interests:
- Ability to command the trust and confidence of the public/patients, registrants and NMC stakeholders.
- A genuine interest in making a significant contribution to public protection and safeguarding the health and wellbeing of patients and the public.
- An understanding of the objectives of professional regulation in relation to upholding public interest and safeguarding the health and wellbeing of the public.
- Understanding of, and commitment to, the importance of equality, diversity and inclusion.
Competency 3: ability to influence and communicate effectively:
- Excellent communication skills, both oral and written, with the ability to present views clearly and succinctly, using well-reasoned arguments.
- Ability to operate effectively as a committee member, constructively challenge the opinions of others as well as to accept challenge with confidence and maturity.
- Shows respect for the views of others, listens, gives serious consideration to other positions and explores options.
Competency 4: strong analytical skills and sound judgement:
- Ability to assimilate complex information in order to form opinions and reach sound conclusions.
- Press for sufficient and relevant information; probe the facts and challenges assumptions.
- Critically evaluate information provided and reach sound conclusions.
- Open-minded, able to bring their own experience to bear on issues under discussion and exercise sound judgement.
Competency 5: experience in overseeing and managing finances in an organisation of a similar size and complexity to the NMC.