- Lead the committees to ensure effective and efficient decision-making processes and outcomes.
- Chair RDC and EDC panel meetings.
- Work collaboratively with other committee members, usually in panels of three, to reach high-quality decisions in an efficient manner.
- Ensure cases are dealt with fairly and expeditiously, in accordance with relevant law, policy and guidance.
- Make decisions alone on more straightforward cases.
- Work collaboratively with the RDC and EDC Deputy Chairs, support staff and relevant FCA and PSR stakeholders.
- Report periodically to the FCA and PSR Boards, and to the FCA's Board Risk Committee, on the committees' resourcing, processes, operations and risks.
- Help to shape the future of the committees and how they work, adapting as required to changing needs and demands over time.
- Boards
- Committees
- Tribunals, etc
- A demonstrable ability to assimilate and analyse large amounts of complex and conflicting information;
- Experience of working collaboratively with others to reach objective, evidence-based decisions;
- Sound judgement;
- A desire to positively influence UK financial services or payment systems, to protect consumers and maintain the integrity of financial markets, and to make payment systems work well for users;
- A broad understanding of the range of UK financial services and/or payment systems businesses and their users and consumers and their behaviour and needs.
- Knowledge of the law or decision-making in a statutory context.
- Experience and expertise at the highest level of at least one of the following:
- Financial services (including retail financial services)
- Payment systems and the markets for services provided by payment systems
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Chair, Regulatory Decisions Committee - London (Central), United Kingdom - Financial Conduct Authority (FCA) & Payment Systems Regulator (PSR)
1 week ago
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:
Remuneration
£195,000 per annum plus pension contribution
The deadline for application is 6 May 2024 at For further information and/or to apply, please click the apply button
All applicants are required to demonstrate that they do not have other interests likely to conflict with their FCA and PSR responsibilities. 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. Any potential conflicts of interest will not necessarily 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.
