This is an exciting time to join. Ministers have made a public commitment in the King's Speech to legislate in draft in 2025 on corporate governance and audit and this role will lead that work.
Robust and rigorous scrutiny of large companies by auditors, and greater transparency around their finances, is essential to ensuring that investors, employees and consumers have an accurate picture of the health of the company, which in turn delivers a more secure economy and supports economic growth. The Bill will transform the existing regulator of audit and reporting – the Financial Reporting Council - into a new statutory regulator, the Audit, Reporting and Governance Authority, giving it the powers it needs to tackle bad financial reporting and to build trust in the framework.
Key Responsibilities include:
* Provide strategic direction for the programme of policy work to prepare for both draft legislation and with a view to future reforms;
* Deliver draft legislation in 2025: establishing the Bill’s scope; working with teams across DBT and Government to identify and secure agreement to the Bill’s contents; leading on the process of parliamentary scrutiny, including establishing and delivering handling plans for external and parliamentary stakeholders;
* Sponsorship of the Financial Reporting Council, the independent regulator of audit, accountancy and corporate reporting and the Insolvency Service;
* Leadership of a policy team (c.20 staff), including line management of four team leaders. Help maintain an expert, connected, motivated and inclusive team environment and contribute to the wider corporate leadership of the directorate as a member of its senior leadership team. Provide line management support to CLG’s lead analyst and team who are embedded within this team.