As signatories to the Women In Finance Charter we have pledged our support for gender balance across financial services.
What is the Women in Finance Charter?
The Charter is a commitment by the Government and signatory firms across the finance sector, to work together to build a more balanced and fair industry and to create gender balance, particularly at mid and higher levels across financial services firms.
When we signed up to the Charter in 2020 we had 34% female representation in senior management (which includes our Board, Executive Committee and Executive direct reports). As of September 2021 we have 43% female representation in senior management and have already exceeded our target for January 2023.
What are we doing?
This commitment is part of a package of measures being implemented, each designed to improve gender diversity across senior levels of our organisation.
In 2019 we launched a number of focused initiatives across the Society to deliver on gender diversity improvement. These include our ongoing Women in Leadership Working Group work with the Employers’ Network for Equality & Inclusion, and work supporting Women onto Boards.
We want everyone to experience that their potential is not in any way limited by their background, gender, age, race, disability, religion or sexual identity. Our focus is on ensuring this is the case for all our colleagues in our Society.
Female talent case studies
Chief Information Officer, Manila McLean
Manila joined Newcastle Building Society’s technology subsidiary, Newcastle Strategic Solutions, last year as its Digital Director, following 10 years as Head of Digital at Tesco Bank. In early 2020 she was appointed to the Society’s Executive Team and took on the role of Chief Information Officer.
Along with a number of other female colleagues, Manila is part of the Women on Boards membership group, which helps breaking down the barriers to entry to the boardroom and build a pipeline of board-ready women.
Manila is passionate about developing female talent within technology and the potential for the future of the industry in our North East region.
"We’re blessed with a vibrant tech scene but we need to continue to work together to harness that potential and ensure we attract and retain the top digital and tech talent."
Group Treasurer, Nic Erevik
As Group Treasurer Nic provides advice and decision making across treasury, risk and corporate finance matters on behalf of the Society.
She is part of the Society’s Diversity & Inclusion Committee and one of a number of women in the Society who have joined the Women on Boards group.
Women On Boards helps its members make the right connections and career choices to take on a board role as a Non-Executive Director, trustee or governor, or to get to the top within their company.
Following attendance at Women on Boards masterclasses, and having made connections as a result of the associated networking opportunities, Nic has subsequently taken up a position as a Board member of Rise.
Diversity and inclusion
Some of the steps we are taking across gender and wider diversity and inclusion matters:
- Women in Leadership Group established – including mentoring and leadership development
- Ongoing participation in Women on Boards programme
- Talent identification via objective methodology
- Introduction of psychometrics for all senior appointments to reduce unconscious bias
- Delivery of unconscious bias awareness as part of our recruitment and selection training and Team Insights aessions
- Disability Confident Status
- Time to Change Pledge signatories, supporting mental health
- Embedding Mental Health First Aiders and Wellbeing Advocate Network
- Diversity and Inclusion Committee’s Exco-level Champion is our Chief Executive
- The Prince’s Trust and Social Mobility Foundation Partnerships – supporting through work experience, apprenticeship and graduate opportunities
- Armed Forces Covenant Gold holder
- Real Living Wage Foundation Employer
- Engagement with Job Centres to support returners to work
- Better Health at Work Bronze Award (working towards Silver)