EDC, RDC Chair - London, United Kingdom - Financial Conduct Authority

Description

Chair, Regulatory Decisions Committee & Enforcement Decisions Committee - Financial Conduct Authority (FCA) & Payment Systems Regulator (PSR)

The FCA ensures that financial markets work well for individuals, for businesses and for the economy. The FCA has core objectives to protect consumers, protect and enhance the market integrity of the UK financial system and promote competition. The FCA is currently on an exciting journey driving forward significant organisational, people, process, and technology transformation to become a more forward-thinking, proactive regulator.

The PSR is an independent economic regulator directly accountable to Parliament and funded by the payments industry. How payments work affects the society we live in; the challenges faced by the vulnerable; how likely we are to fall victim to fraud; and how easily we can manage our money. Payments underpin our economy. Behind these payments are several important payment systems. We rely on these systems to support markets, facilitate competition, and drive innovation. This is where the PSR plays an important role – we are the economic regulator of, and competition authority for, those systems. We protect people and businesses and promote competition and innovation in these systems and the markets that they support. We work closely with other regulators involved in this sector, notably the Financial Conduct Authority, the Bank of England and the Competition and Markets Authority.

The Role

This is a unique opportunity to assist the FCA and PSR in achieving their objectives. We are seeking an individual to Chair both the Regulatory Decisions Committee and the Enforcement Decisions Committee. The RDC and EDC take certain decisions relating to contested enforcement actions, on behalf of the FCA and PSR. Committee members are selected for their experience of making independent, evidence-based decisions, their expertise in financial services and/or their knowledge and understanding of users and consumers of financial services. The Chair is responsible for leading the committees and working with the members and the FCA's secretariat to ensure effective and efficient decision-making processes and outcomes. The Chair is also responsible for chairing panel meetings convened to consider cases and make decisions.

The Chair not only needs to be able to demonstrate strong analytical skills and an ability to apply knowledge and experience to complex issues, they must also facilitate collaborative working between committee members to reach high-quality decisions in an efficient manner, and build strong working relationships with senior stakeholders within the FCA and PSR. The role is part-time (combined minimum time commitment required is three days per week) and can be worked flexibly by arrangement.

The Chair will:

The Individual:

The successful candidate is likely to have extensive and relevant legal, judicial or quasi-judicial experience. Candidates will also likely have a background in senior decision-making, such as on:

The successful candidate will bring:

Essential Experience:

Desirable Experience:

The FCA's Values & Diversity

Our ambition is to create a diverse and inclusive workplace that reflects the society we serve, helping us to be a better regulator. We serve the public and our decisions directly affect the wellbeing of people, businesses and the UK economy. So our values matter. They represent the culture we aspire to every day, guiding our judgements, building trust and helping us to be 'At our best'.

All FCA colleagues are expected to demonstrate behaviours in line with our five values – Deliver in the public interest, Act with integrity, Be ambitious, Work inclusively and Connect and deliver. These are embedded in all roles, and through the selection process we check for alignment to our values. For more detail on our values and core skills, please see here.

As an inclusive employer, we are open to considering flexible working arrangements, including job shares. Please contact our recruiter if you wish to apply for this role on a flexible basis.

We particularly welcome applications from women, disabled, and minority ethnic candidates, as under-represented groups.

Useful Information

Please do not apply directly to the FCA - The recruitment process is being undertaken by Odgers Berndtson on behalf of the FCA.

Please apply by submitting your CV and cover letter by visiting -

Conflicts of interest

All applicants to the FCA are required to demonstrate that they do not have other interests likely to conflict with their responsibilities as an employee of the FCA. You should declare any potential conflict of interest as early as possible in the selection process, and also disclose information or personal connections that, if appointed, might be open to misperception.

And potential conflicts of interest will not prevent candidates going forward to interview but may, if appropriate, be explored during the interview to establish how the candidate would address the issue(s) should they be successful in their application.