Open Banking Limited, the trading name of the UK’s Open Banking Implementation Entity (OBIE), is seeking to appoint a chief executive to “lead and manage” the day-to-day running of the organisation.
The role has been created following an independent investigation into the OBIE earlier this year, which concluded that “too much power was vested in the Trustee personally, with too few checks and balances”, according to a description of the position.
The new CEO will be expected to work with recently appointed trustee Charlotte Crosswell OBE, the Executive Committee and Board to “deliver and refine OBIE’s mission as well as have primary responsibility for leading company operations and driving its overall strategy”.
The OBIE called it a “time critical” appointment, with applications set to close on 23 December 2021.
The CEO will also be “instrumental in transitioning OBIE’s ongoing functions to the future entity”, which is yet to be determined by the Competition and Markets Authority (CMA).
The CMA is due to publish its response to the consultation on future governance arrangements in early 2022.
The OBIE was set up by the CMA in 2016 to deliver Open Banking in the UK and is currently funded by the CMA9, which comprises Allied Irish Bank, Bank of Ireland, Barclays, Danske, HSBC, Lloyds Banking Group, Nationwide, Natwest Group and Santander.
Interested applicants can read the job description here and are invited to email openbankingCEO@sapphirepartners.co.uk.
Main image: OBIE trustee Charlotte Crosswell speaking at Open Banking Expo UK in London.