The role of an independent trustee does not report to anyone within the BHA structure as it is an independent role, appointed by the company, providing services to the trustee board.
The BHA is the governing body of what many consider to be the best racing in the world. It is responsible for promoting, representing and regulating the sport, which is at the heart of a major leisure and entertainment sector, a leading betting product and the focus of an important breeding sector.
In contributing to this broad objective, the specific role of the department is to ensure that British Horseracing is seen as a capable and progressive regulator, delivering high levels of integrity whilst at the same time working towards delivering the right conditions to ensure growth of the sport; ensuring the highest standards of regulation, and promoting confidence within the whole sport. As such, fairness between participants, clarity and consistency, and the promotion of the safety and welfare of horses and people in the sport are key.
PRINCIPAL RESPONSIBILITIES:
• Attendance at quarterly trustee meetings
• Member of investment sub committee
• To pragmatically work with the employer to resolve issues
• Challenge investment advisors over approach and content
• Participate in relevant legal and regulatory
• Challenge other trustees on their position over relevant issues
• Work as part of a team with other trustees to deliver first rate compliance
• Work with the investment committee to improve member options for the DC scheme
• Assess the current investment strategy and suggest improvements over time
As the needs of the business change rapidly this role will change accordingly, therefore this document should be viewed as guidelines which are subject to change.
PERSON SPECIFICATION
COMPETENCIES
• An experienced pension professional/ trustee with a solid industry background.
• Full understanding of pension trusteeship, with significant knowledge of developing/ current pension industry issues.
• Able to demonstrate good technical understanding of pension legislation, regulations and other relevant codes of practice.
• Comfortable looking at and discussing a diverse investment strategy and the ability to challenge investment advisors and interpret investment data is essential
• Excellent communication skills, both written and oral, with the ability to articulate technical points into lay terms.
• informed of current Regulator issues as they relate to both defined benefit and deficit contribution schemes including around valuing and repayment of scheme deficits
PERSONAL QUALITIES (examples provided below….)
• Pragmatic and able to see the bigger picture
• Open to other people’s thoughts and opinions
• A team player
• A long term strategist capable to thinking 10-15 years ahead
• Responsive
• Dynamic
• A good communicator – essential for dealing with third party advisors
If you feel you have the relevant skills and experience, please apply by covering letter including a copy of your CV, sending the information to pfoster@britishhorseracing.com
