Economist (10352)

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Financial Reporting Council

Regulators of auditors, accountants and actuaries, https://www.frc.org.uk/about-the-frc/careers

Requirements of the role

To provide economic advice and analysis on all aspects of the FRC’s regulatory work, including how the FRC supports economic growth and investment.

To provide high quality economic analysis, including impact assessment, appraisal and evaluation, to support our work across standards, codes and guidance to ensure that regulatory measures are designed, implemented, and reviewed, based on the best available evidence and economic thinking. The role holder will also undertake analysis on competition and trends in the statutory audit market.

The role holder will report to and assist the Chief Economist but will be expected to lead on specific work streams/projects. He/she will work closely with the data analysts and other colleagues in Market Intelligence & Insights, and from across the FRC, to find, analyse, and present appropriate evidence to inform decision-making, within the FRC’s matrix-working approach.

Job Description

The role holder will:

  • Identify key economic issues on a variety of projects and undertake economic analyses to inform the development, implementation, and evaluation of regulatory measures – standards, codes, and guidance – with sound evidence
  • Undertake cost benefit analyses including modelling impacts of regulatory measures and scenario/sensitivity-analysis
  • Undertake economic analysis to ensure that operational delivery of audit and corporate reporting supervision is informed by economic impact, sound methodology and evidence
  • Advise on the FRC’s overall impacts and outcomes, and how those might be measured and monitored, particularly in respect of our implementation of the Growth Duty
  • Present findings from analyses in a clear and non-technical manner in documents for publication and/or internal papers, communicating that advice to senior-decision-makers, including through papers to the FRC Board, Executive Committee, and other Committees as appropriate
  • Monitor and assess the level of, and trends in, competition in the statutory audit market and communicate the results to key stakeholders in the FRC and for external publication
  • Contribute to market studies and use economic advice and analysis to help develop and implement measures proposed to promote competition and choice in the statutory audit market
  • Engage with stakeholders, including audit firms and other regulators, on regulatory and competition economics issue
  • Assess how any changes in competition impact on the FRC’s objectives to support delivery of high-quality audit and greater resilience in the audit market
  • Help to implement any official data collection, analysis, and reporting, including market indicators
  • Project-manage more major projects e.g., impact assessments, on behalf of policy colleagues
  • Work within the FRC’s matrix-working approach, on priority projects and workstreams, forming and maintaining Strong relationships across Market Intelligence & Insights and wider FRC teams
  • Raise awareness with colleagues of the importance of robust and proportionate economic analysis, including designing tools and templates to support as appropriate

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 Location

Birmingham

 Contract type

Full time, Permanent

 Profession

Economist

 Working pattern

Flexible working, Hybrid

 Closing Date

26/05/2025