The Pension Protection Fund (PPF) is seeking applications for three non-executive directors, with an aim to appoint a compensated member to the position for the first time.
The roles are to replace Rosemary Hilary, whose term ended in January, as well as Tom Joy and Alan Jenkins whose terms will end in August.
In its advert, the lifeboat fund said it is "particularly interested in hearing diverse perspectives in order to facilitate the highest quality decision-making" and was therefore open to more applications from "under-represented groups".
Successful applicants will be paid £18,000 per annum, and will be expected to commit around 26 days of work per year, largely attending and preparing for board meetings and additional committee meetings.
When complete, the board comprises 12 people, including chief executive Oliver Morley, chairman Arnold Wagner, and chief financial officer Andy McKinnon. Nine of the roles are reserved for non-executive directors.
PPF chief people officer Katherine Easter said: "Our non-executive directors play a vital role in our mission to protect millions of DB scheme members and provide the best possible service. They bring independent advice and challenge to ensure the highest standards of governance.
"We're particularly interested in recruiting from a diverse range of backgrounds. We're also keen to bring the voice of our members into our decision making so we want to hear from PPF members and anyone who has been a member of a scheme that has been through PPF assessment."
Around 236,000 members have been brought into the PPF, providing a staggering pool of people from whom could apply for the position. It looks after £30bn in pension assets.
The closing date for applications is 22 March.
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