Organizational Context
The Hellenic Financial Stability Fund (‘Fund’) was established as a legal entity under private Law 3864/2010 with the objective of contributing to the maintenance of the stability of the Greek banking system, for the sake of the public interest. The Fund is managed by two distinct bodies: the three-member Executive Board and the nine-member General Council.
The Fund is seeking to appoint the Chair (Non – Executive) of the General Council. The final
incumbent will chair and lead the General Council comprising a team of highly reputable
Non-Executive members. The General Council shall decide on its own initiative or upon
proposal of the Executive Board, on matters specified in art.4, par. 9 of L. 3864/2010. The
Selection Panel shall select and propose a short list of candidates to the Minister of Finance
who will appoint the Chair of the General Council.
Announcement
The purpose of this call for expression of interest is to attract candidates with the
appropriate profile. The appointment will take place according to the provisions of art. 4,
par. 5 of L. 3864/2010. While the time commitment required by this Non-Executive role will
depend on circumstances, the physical presence in Athens of the Chair of the GC can be
foreseen for at least 5 days per month. An equivalent number of days can be foreseen as
needed to perform the duties of chairing the General Council without the need of a physical
presence in Athens.
The remuneration of the Chair of the General Council ranges from €105.000 to €150.000 and
it constitutes the total annual gross remuneration of the position, according to the
Government Gazette YODD 328 dated 06-07-2017. The Chair of the General Council with a
permanent place of residence outside of Greece is qualified for reimbursement of travel
costs and accommodation expenses. The Fund’s term is fixed by the law to 30th June 2020.
Requirements / Qualifications:
Candidates should meet the following criteria and conditions:
- Education: University degree, ideally in Finance or Economics. Executives with
professional qualifications in Accounting and Law will also be considered. - Languages: Excellent command of English language, fluent Greek will be considered as a
very valuable asset. - Field of Expertise: The new Chair of the General Council shall be selected among
persons with a successful track record at a senior level within the banking or the public policy financial sector, with international experience in any of the following areas:
banking, audit, legal and regulatory matters. - Candidates must also possess strong leadership and communication skills as well as a
broad vision of business issues; demonstrate unquestionable business ethics and
independence; have a track record and involvement in a multi-faceted, highly complex
and high pressure company crisis; have experience in complex business situations
involving corporate restructures, management realignment and investor issues; have
time availability for the needed engagement. - Proved independence from institutions, systemic banks, government, and bank
borrowers is a pre-requisite. Prior experience with an organization that is known for its
impeccable ethics and integrity, above-average success record and a culture that has
attracted, energized and retained top talent will be considered a valuable asset. - The Chair of the General Council will be appointed subject to the absence of any
personal or legal conflicts and restrictions, as described in the article 4 and 16b of Law
3864/2010. Applicants will be invited to confirm their compliance with the above and
upon appointment to submit a formal declaration.
Deadline / Terms & Conditions
The closing day for applications will be August 21st, 2017.
Applications can be submitted via email to: vienna@stantonchase.com
For further information on the Fund, please visit the Fund’s website: www.hfsf.odh.gr.