Lay Members for Investments Sub-Committee

UNIVERSITY OF LIVERPOOL

The University is Seeking New Lay Members for its Investments Sub-Committee

The Role

A sub-committee of Council and the Finance and Resources Committee, the University's Investments Sub-Committee is responsible for advising the University on all issues relating to the investment of its monies, in such stocks, funds, shares or securities.

Lay members are non-University employees and play a vital role in the governance of the University, bringing expertise and independent perspectives from a variety of professional and personal backgrounds. As a member of the Investments Sub-Committee, you would be involved in overseeing the performance of the University's overall investment portfolio and monitoring that our investment return targets are met in line with the University's Investment Strategy. This includes advising on the Investment Strategy, recommending the appointment of fund managers and monitoring the performance of fund managers in line with the mandate. Currently, we have a portfolio of circa GBP270m which is invested with 6 fund managers within 9 separate funds. The investments cover equities, property, credit and private infrastructure and debt which are invested in line with our ethical investment policy.

Who are we looking for?

The University is now looking to appoint a number of Lay Members to its Investments Sub-Committee who will bring a breadth of experience at a senior level, alongside knowledge of complex governance from the public, private or third sectors. Membership of University committees should, as far as is possible, reflect the diversity of our University community (more specifically our student body). The University would particularly encourage and welcome applications from individuals who identify as: People of Colour, including individuals who identify as; Black, Asian and Minority Ethnic, disabled and or Lesbian, Gay, Bisexual, Trans, Plus (LGBT+). The University will also aim to achieve a balance in terms of the range of experience of its members.

Based on an assessment of current and future skills needs, the University would benefit from knowledge and experience of finance, an understanding of investment markets and portfolio development, and senior Board level experience. Whilst not essential, experience of regulatory matters would also be desirable. However, candidates from other backgrounds should not be deterred from applying.

An interest in Higher Education and the University of Liverpool is critical to all appointments, as is a commitment to the values, aims and objectives of the University.

The Investments Sub-Committee usually meets four times per academic year, with an overall time commitment estimated to be less than 20 hours per academic year. University Committee Lay Members are unremunerated but may have reasonable expenses incurred while fulfilling their duties reimbursed. What constitutes reasonable expenses is defined in the University's Expenses Policy.

This is a three-year appointment (which can be renewed) and a full induction programme will be provided.

Appointment process and how to apply

If you would like to discuss this opportunity further or have any questions about the role, please contact the Governance Team email:

To apply, please visit our website via the button below.

The closing date for expressions of interest is 5pm on Friday 5 April 2024.

Interviews are expected to be held Thursday 18 April 2024, am.