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Non-Executive Director - BankVic

Directors Australia

  • Customer-owned mutual bank
  • Victorian-based company
  • Seeking deep experience at senior executive level in retail banking/financial services.

about us

Established in 1974 to improve the financial wellbeing of Victoria Police members and their families, BankVic today remains customer-owned but with its services extending to members of the health and emergency service sectors.

As an Australian company registered under the Corporations Act 2001 (Cth) and an authorised deposit-taking institution, the bank is regulated by the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA).

Victorian based, with over 117,000 members and $2.6 billion in assets, BankVic exists to strengthen the communities which it serves and aims to build healthy communities that are financially, socially and environmentally sustainable. It's these beliefs that underpin BankVic’s certification as a B Corp in 2020.

BankVic offer a different way of banking, where 100% of its profits are reinvested to benefit its members and the community. BankVic collaborate with partner organisations who are delivering critical services to its members and others in our Victorian community to bring about lasting change. Since 2010, they have contributed $3.1 million in donations and sponsorships to non-profit organisations. In addition, BankVic's people have contributed their time with volunteering and by fundraising. 

Owned by its members, BankVic has always been focused on more than just profits and B Corp certification recognises its decades-long commitment to serving its members and the community. As a B Corp, they are committed to ongoing improvement in how they serve their members, invest in the community, govern their business and care for their people and the environment. They're about people before profits and are 100% owned by our members. All their profits are reinvested into the business or the communities they're a part of.

about the role

A board of five member-elected directors and two independent non-executive directors governs BankVic. An amendment to the constitution in 2021 allows for an additional director to be appointed by the board.

The board is seeking a director with skills, knowledge and experience as follows:

  • retail banking and financial services at an executive level including an in-depth knowledge of operational performance, markets, current and emerging products and services, risks and stakeholders, or
  • candidates that may have transitioned from an executive role in retail banking and financial services to a board career in the last three to five years

The successful candidate must have a career history marked by the highest levels of personal and professional integrity and a strong commitment to the member-based nature of the bank. BankVic is seeking independent thinkers who express their views respectfully and confidently, offering constructive challenge to board deliberations and decision-making.

Candidates will preferably be based in Victoria, although strong candidates based elsewhere on the eastern seaboard of Australia are encouraged to apply. The board is seeking diversity of gender, age, and ethnicity to support a more diverse board.

Directors are remunerated via a market competitive fixed annual fee plus reasonable board-related expenses.

To submit your expression of interest, click Apply Now.

For further details including a position details document please contact Glee Mitchell [email protected] or on 0417 065 408.

How to apply

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