2019's Chartered Banker Young Banker of the Year competition has now closed for applicants.
We are delighted that the competition is under way, and are looking forward to annoucing our Semi-Finalists very soon. For more insights into the competition and its process, please read further.
The competition aims to showcase tomorrow’s leaders in UK banking. The Chartered Banker Institute is seeking nominations from amongst our 35,000 members, and also more widely from across the UK banking industry, including building societies, credit unions and others, subject to the eligibility criteria. Find out more about the competition process below, and how you could become the next Chartered Banker Young Banker of the Year.
Simon Thompson, Chief Executive of the Chartered Banker Institute:
The challenge set for our 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 own organisation to improve outcomes for some or all of the following groups: customers, colleagues, counterparties, communities and the organisation you work for? Your idea should place customers and their needs at the heart of the business and reflect your vision for the future of banking based on sustainable and/or green finance principles.”
We are looking for young bankers to provide evidence of original and inventive thinking in making their proposal.
In the first round of the competition, candidates are asked to submit their proposals to be considered by a panel of judges drawn from the Chartered Banker Institute. Each proposal must be supported by an executive sponsor.
The application form should be accompanied by the nominee’s CV, and a Word document, which outlines the proposal in response to the challenge. This should highlight how the outcomes of your idea will improve the experience of the group(s) identified. The submission should be no longer than two A4 pages (approx. 700 words) with no appendices.
The best candidates will then be invited to discuss their proposal via Skype with an Institute judge. Following this process, eight entrants will be selected to present their idea at the live semi-finals. There are two live semi-finals; 12th June in Birmingham and 26th June in Edinburgh. Semi-finalists will be invited to present their proposals to a panel of judges. Each semi-finalist will have 8 minutes to present, followed by questions from the judges. Four finalists will then be selected from the two semi-finals to present their proposals at the live final in London, on 10th September 2019.
Finalists will receive feedback on their semi-final presentation from our judges, and have the chance to develop their proposals further. On 10th September 2019, the finalists will present their idea before an invited audience of senior bankers, regulators and others, with the winner chosen by an illustrious panel of judges.
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
- Get valuable feedback from industry experts
- Raise their profile in their organisations and in the wider industry
- Hone their presentation skills
- Develop networking skills
The Chartered Banker Institute will accept self-nominations and nominations by an executive sponsor. In nominating 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 nominating 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.
- Nominees should be employed in a UK 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
- The nominee is not required to be a member of the Chartered Banker Institute
- Nominees should be willing and available to participate in the semi-final and final, should they be selected
- Nominees must be prepared to make their own travel arrangements to and from the semi-final and final events, although it is hoped that their sponsoring institution will, in most cases, cover the costs
- Nominees must have an executive sponsor to support their proposal who will also, if required, be prepared to appear in a short video testimonial for the nominee if selected for the final
- The proposal should be originally conceived by the nominee
- 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.
You can read more here about how the competition process has benefitted previous winners and finalists.