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Form of workSalary: London between £53,300 - £65,000 and National between £49,700 - £60,500 per annum
Do you want to shape the future of payments as a Senior Associate in the Payments Policy team at the FCA?
The Team
The payments team leads on the policy that makes payments work. The work touches the lives of everyone in the UK, making sure that payments are fast, efficient, dependable, and safe.
The payments landscape is undergoing rapid change. Increasing digitalisation, the emergence of new ways of paying, the evolution of Open Banking data sharing and payment initiation services that give consumers ways to interact with their bank accounts in new ways. These developments are underpinned by payment services regulation.
The payments regulatory landscape is about to undergo meaningful change as the legislative framework is under review as part of government repeal and replacement of retained EU law. Our team is shaping the future regulatory framework that will emerge from this work.
What you will be doing
- As a Senior Associate in the team, you will have the opportunity to support on policy areas conducting research, engaging with teams across the FCA, and studying information to develop policy proposals. You will build depth and breadth of knowledge as you support the team’s wider work
- You will contribute to public consultation on changes to FCA rules or guidance, as well as work to ensure FCA priorities are reflected in changes taken forward by others. You will consult with government, other regulators, industry, and other opinion formers shaping the market
- You will also provide training, advice, and briefings about payments policy issues to FCA colleagues and senior leadership
What will candidates get from the role?
This role is an exciting opportunity to work at the heart of policy in the FCA in an evolving area of policy.
This role would suit someone with a strong background in policymaking and a desire to understand and influence fintech developments in the banking and payment space. It would also suit someone with experience of Open Banking in industry, interested in making the move to regulatory policymaking
You will have the opportunity to develop in-depth knowledge of the systems and regulations that underlie payments and which touch on every area of consumer and businesses financial lives
As an employer, the FCA places value on your learning, and we offer world-class development opportunities which will assist you in achieving your career aspirations. We can support professional qualifications in data science or financial analysis for a motivated person, depending on your profile
Core benefits that you will receive as standard are:
- 25 days holiday per year plus bank holidays
- Private healthcare with Bupa
- A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach age 35)
- Life assurance of eight times your basic salary
- Income protection
We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations.
We welcome applications from candidates who are looking for flexible arrangements. Many of our staff work flexibly including working part-time, staggered hours, and job shares. We cannot promise to give you exactly what you want but we won’t judge you for asking.
The skills and experience you will have
Minimum
We are a signatory to the Government’s Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, should they meet the minimum criteria for a role.
- Experience of payments or policy making
- Proven experience presenting key issues clearly and succinctly both orally and in writing
- Proven experience of building and managing relationships with stakeholders
Essential
- Experience of analysing information and contributing to the development of policy
- Evidence of problem solving and organisational skills with the ability to manage a variety of competing priorities and issues
- Good stakeholder management with the ability to build a network across and beyond the organisation
- Willingness to learn and develop, taking on new responsibilities and adopting a flexible and pragmatic approach to your work
About the FCA
The FCA regulates the conduct of 50,000 firms in the UK to ensure our financial markets are honest, fair, and competitive. We do this to make sure markets work well for individuals, businesses, and the economy. For more information on what we do, our three-year strategy can be found here.
The FCA's Values & Diversity
Our ambition is to cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation.
The FCA is committed to achieving greater diversity across all levels of the organisations. Given this, we particularly welcome applications from women, disabled and minority ethnic candidates for our Senior Associate role.
Flexible working
We welcome applications from candidates who are looking for flexible arrangements. Many of our staff work flexibly including working part-time, staggered hours, and job shares. We can’t promise to give you exactly what you want but we won’t judge you for asking.
Multi-location
As part of the FCA’s on-going commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds, or London offices. This means that as part of the application process you will be able to select your preference of which office location you would like to work from.
Useful Information
Applications for this role close on 27th February 2024
This role is graded as Senior Associate - Regulatory
Got a question?
If you are external and are interested in learning more about the role, please contact Chhavi Bartaria at [email protected]
If you are internal and are interested in learning more about the role, please contact Kezia Downie at [email protected]
What to expect from our assessment and selection process
The assessment process consists of an initial screening call. If successful, you will be invited to participate in a written case study. Candidates that are successful at case study will be invited to attend a competency-based interview. If we have exceptionally strong candidates, we may consider a second competency-based interview.
Application support
We want to remove any possible barriers and are committed to providing a wide range of reasonable adjustments so that you can keep the focus on your conversations and be at your best.
If you have an accessibility requirement, disability, or condition that means you might require changes to the recruitment process, please contact your recruiter to discuss this further. Our aim is to make your application as easy and comfortable as possible, and your recruiter will be happy to work with you to make any necessary arrangements where possible.
Please note that all applications must be submitted through our online portal before the closing date, applications sent via email will not be accepted.
