Executive Director Payments & Digital Finance, FCA and Managing Director, PSR
Apply locations: London, Leeds, Edinburgh
Time type: Full time
Posted on: Posted 2 Days Ago
Time left to apply: End Date: February 10, 2025 (22 days left to apply)
Job requisition id: JR0017230
The FCA has retained Odgers Berndtson to advise on this appointment. For further information about the position and additional details on qualifications, requirements, terms and conditions of service and how to apply, please contact Harriott.Brigden@odgersberndtson.com and use this link to apply, providing both a CV and a cover letter www.odgers.com/93008.
About the FCA & PSR
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 Payments and Digital Assets directorate focuses on reducing harm and delivering the FCA objectives in the payments and digital assets sectors. Four departments make up the directorate; two Market Intervention departments supervise payments and crypto assets firms, the Policy department develops policy to address the challenges and opportunities in the sectors and the Cross-Cutting Market Analysis and Strategy department develops sector wide strategies and provides the analysis and data to identify risks, opportunities and trends to support supervision and policy making.
The directorate supervises over 1,250 non-bank payments providers, including payments, e-money and open banking firms. It also oversees the crypto sector for money laundering and counter-terrorist financing purposes, and for compliance with the financial promotions regime. It is focused on driving up standards in both sectors.
Background to the appointment
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.
The Role
What will the candidate get from the role?
* Joining the Senior Leadership Team at the FCA during an exciting and challenging time of great change in financial services and its regulation.
* Leading a division of talented and committed people through significant projects whilst also delivering on business-as-usual objectives.
* Exposure to strategic issues and key players in the world of finance, both nationally and internationally.
Key responsibilities:
* 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.
* Shape and lead both regulators’ roles in delivering the National Payments Vision to modernise the UK’s payment infrastructure and services.
* Oversee the wider Payment and Digital Finance portfolio. Develop policy and supervision capability across both regulators.
* Line manage the PSR Executive team and FCA Director of Payments and Digital Assets.
* Play an ambassadorial role for both organisations; drive a culture of high performance, forward-thinking and innovation.
* Build a strong and inclusive culture that attracts and develops diverse talent.
* Fulfil the role of Managing Director of the PSR – reporting to the PSR Board and ensuring that the regulator meets its statutory objectives.
Skills/Experience Required
Minimum
* Significant experience of managing and influencing key stakeholders, including senior decision makers internally and externally.
* In-depth experience in the payments sector 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.
* Significant stakeholder management skills.
Essential
* Strong commitment to the aims and objectives of the FCA and PSR.
* Highly collaborative approach as part of a leadership team.
* Significant regulatory or payments industry-based experience.
* Ability to influence and build credibility with national and international opinion makers.
* An understanding of the UK legislative framework and international standards.
* Excellent analytical skills.
* Excellent communication skills.
* The drive and tenacity to maintain focus and performance.
* Embody integrity, determination and resilience.
Benefits
* 30 days holiday per year plus bank holidays.
* Private healthcare with Bupa.
* A non-contributory Pension of at least 8% of basic salary each month.
* Life assurance of eight times your basic salary.
* Income protection.
Useful information
* The closing date for this role is 23:55 on Sunday 9th February.
* Selection will be via a two-stage interview and psychometric assessment.
* If successful, you will be required to obtain and retain SC Clearance.
* We operate a hybrid working policy with an expectation that senior leaders spend a minimum of 50% of their working time each month in the office.
About Us
At the FCA, we’re creating a fair and more resilient financial system. We’re establishing more transparent relationships between financial services and their customers, building trust in financial markets and protecting vulnerable consumers.
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