Head of Department, Open Banking, Open Finance – Payments & Digital Assets

Requirements of the role

At the FCA, we’re creating a fair and more resilient financial system. We’re establishing more transparent relationships between financial services and customers, building trust in financial markets and protecting vulnerable consumers.

We’re currently on an exciting journey as we drive forward significant organisational, people, process, and technology transformation to become a more forward-thinking, proactive regulator. We will use data more effectively to drive better regulatory decisions and build greater cohesion across our broad financial services remit.

Significant improvements in digital enablement, business intelligence, market data and information management maturity are all being pursued to maintain our position as a world leader in financial services regulation.

The Role

To enable us to realise the enormous opportunities for Open Banking and Open Finance, we are delighted to advertise a role to head up a brand new Department. The Open Banking and Open Finance department will oversee the FCA’s work on Open Banking and Open Finance, and will sit within the Payments and Digital Assets Directorate.
This is an exciting opportunity, to be at the heart of driving transformational change across a wide range of financial markets. The government recently published the National Payments Vision, where Open Banking is at the heart of their ambition to enhance innovation and competition, whilst empowering consumers.

The successful candidate will play a key role in driving open banking forward, ensuring that there is a regulatory framework in place that is sustainable, equitable and agile, to accommodate a wide range of innovative services. We are seeking a motivated candidate to work closely with other regulators, government, and industry to shape a new commercial model for data sharing and payments, and to provide technical expertise and support to the teams delivering on these workstreams.

Furthermore, the new Head of Department will significantly contribute to the FCA’s work on Open Finance, bringing together expertise across the organisation to develop a Roadmap that signals our clear intent to introduce new Smart Data schemes across financial markets.

The role sits within SPC division and will directly work with a number of other directorates including Innovation, Competition and Economics. The new Head of Department will also work closely with the existing policy, Strategy and Supervision departments, ensuring that there is coordination and join up across existing payments and crypto regimes.

As well as leading a Department, the successful candidate will be a member of the Division’s senior team.  They will be expected to take a full role in supporting and challenging others to deliver the full range of the Division’s responsibilities, in ensuring that the Division offers its staff a challenging and high-performance place to work and that we are constantly focussed on improving efficiency and innovation in our work and contributing to the leadership and strategy of the FCA as a whole.

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