Deadline: March 26, 2021
The Chartered Banker Institute is seeking nominations from amongst their 30,000 members, and also more widely from across the banking industry, including building societies, credit unions and others, subject to the eligibility criteria. The competition aims to showcase tomorrow’s leaders in UK banking, however, due to the impact of COVID-19, the 2021 event will be taking place virtually. They are proud to have UNEP FI supporting this year’s competition, which for the first time in history will be International; welcoming applications from across the globe.
About the Challenge
The challenge set for entrants is designed to test their capacity to generate new ideas, to drive innovation and to deliver sustainable growth. Contestants will be asked to develop a proposal in response to the following question:
“What idea would you implement in your organization to improve outcomes for customers, colleagues, and communities? Your idea should reflect your vision for the future of the industry and be consistent with the UN Sustainable Development Goals.”
They are looking for young bankers to provide evidence of original and innovative thinking in making their proposal.
Find out more about the UN Sustainable Development Goals here.
Benefit
There are many benefits to taking part in Young Banker of the Year. Candidates can improve on and learn new skills throughout the competition process, including:
- The opportunity to develop new and ground-breaking ideas in the banking industry
- The opportunity to present your ideas to an international network
- Get valuable feedback from industry experts
- Raise their profile in their organizations and in the wider industry
- Hone their presentation skills
- Develop networking skills
- The winner will receive a donation to charity
Executive Sponsor
The Chartered Banker Institute will require successful semi-finalists to secure an executive sponsor. In supporting an individual, the sponsor is indicating that they believe the nominee is an individual of outstanding potential, emerging as a future leader in the UK banking industry, and a role model for customer-focused, ethical professionalism. By supporting a colleague, the sponsor is also reflecting their belief that the nominee has developed a viable proposal that would improve outcomes for some or all of: customers, colleagues, counterparties, communities and the organisation they work for, and that the proposal could be realistically implemented in their organisation. The Executive Sponsor will also be required to participate in a video interview on behalf of the candidate.
Eligibility
- Candidates should be employed in a deposit-taking or lending institution, and must remain employed for the duration of the competition;
- Nominations are sought for individuals with approximately less than 15 years’ experience in banking;
- Candidates are not required to be a member of the Chartered Banker Institute;
- Candidates should be willing and available to participate in the semi-final and final, should they be selected;
- Candidates must be prepared to be on video and give a video presentation;
- If candidates make it through to the semi-final, they must secure an executive sponsor. The executive sponsor must support their proposal, and if required, be prepared to appear in a short video testimonial for the candidate if selected for the final;
- The proposal should be originally conceived by the candidate;
- The proposal should not be confidential;
- The proposal must be credible enough to be implemented in the short-term, and its impact must be capable of being measured if implemented;
- The proposal should not involve the Chartered Banker Institute
Timeline
- Entries Open: January 12th
- Competition Closes: March 26th
- Interview Screening: April
- Second Stage Video Interview: April/May
- Semi-Final: June
- Live Virtual Final: October
Application
In the first round of the competition, candidates are asked to submit their idea to be considered by a panel of judges drawn from the Chartered Banker Institute.
- Entry forms can be downloaded from the link below
- Candidates should outline their idea in a proposal of approximately 700 words
- Once completed, candidates email the form, proposal and CV to youngbanker@charteredbanker.com
- Entries will close on the 26th March 2021
Judges from the Institute will review all proposals in April; the best candidates will then be selected to present their idea to an illustrious panel of Judges, digitally throughout April and May.
Semi-Finalists will then be selected and an internal Semi-Final will be held. Finalists will receive feedback on their semi-final presentation and have the chance to develop their proposals further before the Final. Four finalists will then be chosen to present their proposals at the live, virtual Final.
For more information: Visit the official challenge website
To Apply: Click here to download the entry form
