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Opportunity Number: 37844-001

Presented – almost – without comment:

 Chief Executive, Asset Protection Agency Salary £140,000 LondonHM Treasury is establishing the Asset Protection Agency (APA) to operate the Asset Protection Scheme (APS). The APS is designed to protect financial institutions against exposure to exceptional future credit losses on certain portfolios of assets. The Royal Bank of Scotland and Lloyds Banking Group have reached agreement in principle to participate in the APS with c.£585bn of assets. The Chief Executive will oversee the establishment of this high profile Agency and have primary responsibility for the effective management of the APS going forward.

THE ROLE

Lead the process of setting up the new Agency. Recruit a high calibre team and oversee the establishment of the operational infrastructure and risk management framework of the Agency. Manage the APA, provide expert advice and approve relevant transactions by participant banks.

Act as the primary liaison with the senior management of participating institutions. Develop and maintain an effective network of relationships with Treasury, the Bank of England, the FSA, the banking sector and the financial markets.

Serve as the Accounting Officer for the APA, accountable to ministers and to Parliament for the APA’s performance and operations.

THE QUALIFICATIONS

Significant experience across the range of assets in the APS. Outstanding technical skills, most likely to have been gained in structured products, securities and in the credit market businesses of leading financial institutions.

Exceptional intellect with strong analytical skills. The capability to develop the strategic plan for the APA coupled with a constant command of the detail. Sound judgement, record of operating with independence and authority.

Strong leader with the ability to recruit, motivate and develop a talented team. Compelling communicator with credibility at the most senior levels. Accomplished relationship builder and a firm negotiator. Unquestionable integrity and commitment to public service values.

The Treasury values diversity and we aim for our workforce to reflect the society we serve.

We guarantee an interview to any candidate with a disability who meets the minimum essential requirements for the post.£140k isn’t that much considering the requirements of the role, but to be honest, this is probably your last chance to nab a free peerage before they scrap the Lords.

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