Independent Investment Programme Advisory Group (IIPAG) Member (Places Sub Group)

Job Description - Independent Investment Programme Advisory Group (IIPAG) Member (Places Sub Group) (047693)

Organisation

- RISK AND ASSURANCE

Job

- Compliance / Governance

Position Type - Part Time

About Transport for London

Transport for London (TfL) is one of the world's best known and most successful integrated transport authorities. TfL has gained global respect for its innovative and progressive approach to the identification of customer needs, delivery of high-quality service and use of mutually beneficial partnerships to maximise stakeholder and consumer value for money.

With over 5,500 acres of land across the capital, TfL is one of London's largest landowners. Its property company, Places for London, has been set up to maximise the potential of that land to improve existing properties and build new ones to meet the growing needs of the city.

Places for London became financially independent from TfL in 2022. Objectives include start on site for 20,000 homes by 2031, creation of 3,000,000 sq ft of office space and supporting 1,500 plus businesses by delivering / improving spaces for retail, business and leisure. This will support TfL's financial sustainability and London's continuing post-pandemic recovery.

The Independent Investment Programme Advisory Group (IIPAG) provides strategic advice to TfL on its capital investment programme, considering issues of economy, efficiency and value for money. The IIPAG Places for London sub-group provides independent third line assurance and expert advice on property related activities.

TfL is now looking to appoint a new member of the IIPAG Places for London sub-group.

Role specification

The IIPAG Places for London sub-group provides third line assurance of property strategies, delivery of housing objectives, performance of asset management sectors, including retail, arches and offices, and property disposal and acquisitions to help support TfL's financial sustainability. Key areas of focus include:

1. Existing strategies and processes and suitability of any proposed improvements
2. Monitoring key risks and issues and impacts on shareholder and wider stakeholder objectives, the Places for London investment strategy and business plan
3. Providing oversight of investment metrics and delivery approach for key developments and asset management activities, including the impact of any changes as developments / projects progress

As a Places for London sub-group member you'll constructively challenge and provide strategic input on a broad range of matters across the Property Development, Asset Management, Planning and Strategy, Operations and Chief Financial Officer directorates. You will also consider how Places for London developments interface with the wider TfL business.

You will provide assurance and expert advice to the Land and Property Committee, the Audit and Assurance Committee and the TfL Executive Committee. You'll help TfL drive a forward-looking agenda to maximise efficiency and effectiveness, helping London to thrive for years to come.

Assurance will be delivered through a mixture of continuous assurance activities, targeted reviews and deep dives considering key risks / issues.

Person specification

TfL is specifically looking for skillset and experience in the following areas:

1. A strong background in property-focussed financial transactions including investment appraisal, capital raising through the debt markets and other sources, treasury, financial risk management (interest rate, inflation, foreign exchange, liquidity, credit) and structured / project finance activities
2. Experience of structuring and executing complex property focussed financial transactions, including structured finance, joint venture partnerships, acquisitions, leasing and securitisations
3. Significant experience of generating shareholder value through development / asset management of property portfolio directly relevant to the Places for London portfolio
4. Preferably experience in the property sector gained through advising or managing a Real Estate Investment Trust (or equivalent)

We are seeking an exceptional individual with relevant experience to influence the planning and delivery of our property development business. To succeed, you will need a track record of strategic leadership at board level or C-Suite level positions in the property development field as well as strong communication skills, with the ability to influence high-level stakeholders.

Nurole Process

After we have closed the application window on the Nurole platform, our team of experts carefully assess your application against the criteria outlined in the role specification. We will select a group of the most suitable candidates to present to the organisation, who will then be able to view the full application. We will always get in touch to let you know the outcome of your application. As the organisation will view the applications without edits, we therefore advise applicants to avoid using 'see CV' or 'please call me to discuss further' in your application as it may restrict your chances of progressing to the next round.

Connected parties

This organisation has requested that candidates do not contact them directly. Instead, if you know someone at the organisation, please mention it in your Reason for Application. Nurole members who do not respect this may risk having their membership terminated.

Diversity

TfL is an equal opportunity employer and values diversity. It doesn't discriminate on the basis of race, religion, ethnicity, gender, sexual orientation, age or disability status. TfL wants to represent the city it serves, which will help it become a more innovative and efficient organisation. Its goal is to make recruitment as inclusive as possible. TfL is a disability confident employer which guarantees an interview to any disabled candidate who meets all of the essential criteria.

Terms of appointment

This role is remunerated, and reasonable, pre-agreed domestic travel expenses will be reimbursed. This role involves sometimes ad hoc assurance and advice to the TfL executive team, which is likely to take up to 60 days per year in total. The appointment is for a two-year term, which can be renewed once at the discretion of TfL. Members are paid directly; it is not possible for the remuneration of £1,000 per day to be invoiced via a company entity.

For a confidential discussion and to make an application, please contact Joshua Dernie at Nurole.

All applications must be submitted via Nurole directly here.

Any applications made directly to the TfL portal will not be considered and declined in the first instance.

Role timetable

Deadline for applications: Midnight on 22nd April

Candidates can expect to be contacted by: 7th May