Press Releases Chief Executive Officer, the Open Banking Implementation Entity (OBIE) 09 December 2021
Open Banking Limited (OBL) is seeking to appoint a Chief Executive Officer to lead the executive team. A CEO is required to lead and manage the day-to-day running of the OBIE by providing strategic, financial, and operational leadership. Appointed by the OBL board, the CEO will work with the Trustee, 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 CEO will also be instrumental in transitioning OBIE’s ongoing functions to the future entity (which is still to be determined). The CMA will publish its response to the consultation on future governance arrangements in early 2022. The OBIE supports a growing ecosystem of participants in the development, implementation and delivery of open banking-enabled solutions, using the API Specifications, Guidelines and Standards that we have developed. It is tasked with driving the increased adoption of open banking-enabled services, growing its ecosystem, and engaging proactively with banks, FinTechs and financial services organisations. Open banking allows consumers and SMEs to share their bank account information securely with trusted intermediaries who can then use this information to help them save time and money by finding better products to suit their needs. Job description For a copy of the role description please click here or email openbankingCEO@sapphirepartners.co.uk. This is a time critical appointment with the closing date of 23 December 2021. If you have any questions or would like a confidential conversation, please contact: Sally Springbett (sally@sapphirepartners.co.uk – +44 (0)7751386223) or Julie Hacon (julie@sapphirepartners.co.uk – +44 (0)7810756483). About us The Open Banking Implementation Entity (OBIE) is the entity set up by the CMA in 2016 to deliver open banking. Its trading name is Open Banking Limited. The OBIE is governed by the CMA and funded by the CMA 9 (Allied Irish Bank, Bank of Ireland, Barclays, Danske, HSBC, Lloyds Banking Group, Nationwide, Natwest Group and Santander). Its works with the CMA 9, as well as challenger banks, financial technology companies, third party providers and consumer groups. The OBIE’s role is to: Enforce the obligations on the CMA 9 under the CMA Order Design the specifications for the Application Programme Interfaces (APIs) that banks and building societies use to securely provide open banking Support regulated third party providers and banks and building societies to use the OBIE’s Open Banking Standards Create security and messaging standards Manage the OBIE’s open banking Directory which allows regulated participants like banks, building societies and third-party providers to enrol in open banking Produce guidelines for participants in the open banking ecosystem Set out the process for managing disputes and complaints Notes: Open Banking Limited (OBL) is the legal entity for the OBIE.