Financial Conduct Authority (FCA)
The FCA is creating a fair and more resilient financial system and establishing more transparent relationships between financial services and customers; building trust in financial markets, protecting vulnerable consumers and supporting international competitiveness and growth of the UK economy.
The organisation is currently on an exciting journey as it builds on a significant transformation agenda across people, process, and technology to become a more forward-thinking, proactive regulator. The aim is to use data more effectively to drive better regulatory decisions and build greater cohesion across their broad financial services remit.
The role
This is a newly created Executive Director position, fulfilling the role of Managing Director of the Payment Systems Regulator (PSR) and overseeing the wider payments portfolio across the Financial Conduct Authority (FCA).
As an Executive Committee member in both regulators and as a member of the PSR Board, the successful candidate will take on a strong leadership role at the heart of payments in the UK and internationally at a time of substantial change and growth. This will include leading the PSR and FCA’s contributions to the delivery of the National Payments Vision and driving forward both regulators’ roles in open banking and digital finance.
Responsibilities will include:
* Ensure that the PSR and FCA promote and bring change to the payments and digital finance industries, injecting competition and innovation whilst protecting the needs of end users.
* Join the Executive Committee for the FCA and chair of the Executive Committee for the PSR – with collective leadership responsibility for the success of both organisations and acting as an ambassador for our combined vision across the UK and at an international level.
* Shape and lead both regulators’ roles in delivering the National Payments Vision to modernise the UK’s payment infrastructure and services in the context of significant technological change.
* Oversee the wider Payment and Digital Finance portfolio. Develop policy and supervision capability across both regulators to promote innovation and competition and reduce harm in these dynamic and fast-evolving sectors – including firms and entities providing services for payments eMoney and digital assets. This includes leading on supervision for over 1250 regulated firms providing services to businesses and consumers.
* Line manage the PSR Executive team and FCA Director of Payments and Digital Assets. Provide executive leadership to the wider senior leadership team across around 10 departments comprising over 300 people.
* Play an ambassadorial role for both organisations; drive a culture of high performance, forward-thinking and innovation to enhance our agility and impact in the changing payments landscape.
* Build a strong and inclusive culture that attracts and develop diverse talent in support of the PSR and FCA’s diversity, equality and inclusion commitments.
* Fulfil the role of Managing Director of the PSR – reporting to the PSR Board and ensuring that the regulator meets its statutory objectives.
The successful candidate will bring:
* In depth knowledge, and ideally experience, of the payments sector, the UK regulatory and competition framework and the operations of both the FCA and PSR.
* Proven capabilities in creating vision and shaping strategy with evidence of successful operational delivery.
* A proven leader with an outstanding track record of managing high performing multidisciplinary teams. Models behaviours in line with the PSR and FCA values and capabilities. Able to deliver organisational priorities.
* Significant stakeholder management skills, ability to negotiate with and influence senior people in private and public sectors, including UK government.
The closing date for this role is Sunday 9th February at 23.55.
For more information and to apply, please visit: https://www.odgers.com/93008
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