The Salvation Army: Independent Member of the Investment Advisory Committee

London (Central), London (Greater)
non remunerated but reasonable expenses reimbursed
12 Jan 2018
05 Feb 2018
Evenings, Weekdays, Weekends
Charity, Faith group

Transforming lives in every community

The Organisation

The Salvation Army is one of the oldest and most diverse providers of social services in the world, delivering its mission as a church and a charity in 128 countries. The Salvation Army Trustee Company (SATCo) is the corporate trustee of the trusts under which The Salvation Army operates in the UK. The diversity of The Salvation Army’s UK programme is reflected in its charitable activities (from anti-human trafficking work to older people’s services), the breadth of its group (including an ethical insurer and a housing association) and the extent of its physical assets (including a considerable property portfolio). The value of The Salvation Army Investment portfolio is c. £600m and these funds are invested by a number of investment managers in line with The Salvation Army’s Code of Ethical Practice.


The Opportunity

The Investment Advisory Committee includes four external advisers in its membership and advises on appropriate investments. The members do not take a part in active management but rather advise SATCo. The role of external advisor/ member to the IAC provides a unique opportunity to support one of the UK’s leading providers of practical Christianity in action.

The IAC is constituted to advise SATCo and constituent funds on their investments. Its Chairman and members are appointed by SATCo. In order to give informed advice, the IAC may seek appropriate information from SATCo, constituent funds and external consultants.

The duties include:

  • To formulate long-term strategies, which are appropriate to achieve the objectives of constituent funds, including both capital and income requirements and acceptable degrees of risk.
  • To provide investment managers with suitable benchmarks and objectives, which match those strategies and provide adequate control of risk. These are to be clearly stated and approved by SATCO or, where appropriate, by constituent funds.
  • To monitor and evaluate the performance of the investment managers against their given benchmarks and objectives on a regular basis, and in particular after the conclusion of a reasonable measurement period.
  • To monitor and evaluate the effectiveness of the investment managers in the implementation of the ethical requirements and other constraints of the Code of Ethical Practice.
  • To agree the wording of investment recommendations to SATCO or constituent funds at the conclusion of each meeting.

The Investment Committee meets 4 times per year. Necessary travel and other expenses can be reimbursed.


The Person

Please note: This role is specifically for the Investment Advisory Committee and does not extend to being a non-executive member of the main Board. Individuals must be supportive of the Christian ethos of The Salvation Army.

We wish to recruit one individual for a three year term with the following demonstrable skills and expertise:

  • Understanding of the investment environment i.e. the economy/investment market
  • Quoted fund management experience (this is desirable, however it is more important for applicants to have commercial experience and demonstrate commercial acumen and strategic thinking)
  • Supportive of the work of The Salvation Army and willing to work alongside the organisation to protect its assets


How to apply

Please follow the supplied application link to upload the following:

  • A comprehensive CV outlining your key achievements in previous and current roles
  • A supporting statement, explaining how you believe your skills and experience match the requirements of the role, directly addressing the person specification
  • Details of two referees (who will not be contacted without your prior consent)