The Financial Ombudsman Service is advertising for a new chair on a two-day a week contract to replace Nicholas Montagu.
The role will pay £75,000 a year and is based in London at the ombudsman’s Canary Wharf headquarters.
The new chair will be the first to lead the FOS’s board under its new extended remit. In October FOS announced it will begin to cover complaints about claims management companies and receive complaints from larger small and medium sized enterprises.
The advertisement calls for a chair that can harness the “collective energy and intellect of a capable and diverse board.”
“The chair will set the tone from the top, promoting its values and helping to inspire staff and promote a high morale culture. Externally, the chair will act as an ambassador for the service, ensuring effective engagement with a diverse range of key stakeholders,” is adds.
Applications for Montagu’s successor will open until 3 February. Candidates are expected to have a track record of executive leadership in organisations of a comparable size to the FOS.
The advertisement states candidates must also be “politically astute” but that only “some understanding of current conduct, regulatory and legal issues with retail financial services” is expected.
Montagu will depart the FOS in August after seven years as chair.