Lead Policy Advisor

Requirements of the role

The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA.

Over 11 million people use Open Banking, making over 14 million payments a month. But it promises more. Open banking and open finance have the potential to be key drivers of growth and competition in the UK financial services sector presenting a huge opportunity for the UK.

We are in the process of setting up a new department to increase our focus in this area in line with the FCA’s strategy.. Our work is focussed on developing policy that will establish a sustainable and competitive footing so that the open banking ecosystem can grow beyond the current functionalities, extend across different financial services sectors for open finance and bring greater competition and choice while boosting innovation and growth.

We are hiring for one permanent Lead Associate within Open Finance, and will also be advertising separately for a 12-month internal secondment within Open Banking.

What will you be doing?

• Responsible for line management and work allocation of associates in the team
• Leading and supporting engagement with teams across the FCA, and external stakeholders including Government, other regulators, industry, international regulators, and other opinion formers shaping the market including consumer groups and academics Government, other regulators, industry and other opinion formers shaping the market
• Taking ownership of project and stakeholder management
• Building and owning strong working relationships with external stakeholders including HM Treasury and other Government departments, other UK and international regulators as well as stakeholders across the financial services sector
• Influencing stakeholders and market developments to ensure FCA priorities are reflected in changes taken forward by others.
• Leading work to analyse information to develop policy proposals + public consultation on changes to FCA rules and guidance
• Working with and supporting industry participants to deliver voluntary initiatives in line with the outcomes set in the FCA’s strategy

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