Senior Policy Advisor (Consumer Finance)

Requirements of the role

SPC oversees firms and individuals (supervision), creates and reviews the rules by which they operate (policy) and identifies and remedies ineffective competition in markets (competition). The Consumer Finance Directorate is responsible for the supervision and policy making for the consumer finance market encompassing 30,000 firms across 8 portfolios. It also encompasses 3 additional portfolios claims management companies, credit unions and mortgage intermediaries.

The successful candidate will play a vital role in the critical work the Consumer Finance Policy team undertakes in protecting consumers in the UK. Our work is frequently concerned with issues facing the most vulnerable in society and their use of credit and debt products. As a Senior Policy Advisor, you will have the opportunity to make an impact through ownership of one or more projects and in supporting the work of the wider team.

Role responsibilities:

• Collaboratively work with colleagues to develop policy proposals and take them through internal and external processes
• Draft briefings and papers to explain complex issues
• Present recommendations to the FCA Board and Executive Committees
• Help manage the team’s reactive workload (supporting other teams, responding to MPs letter & queries)
• Work with external stakeholders (e.g., the consumer credit industry, HM Treasury, consumer bodies) to promote our objectives
• Share your knowledge and best practice with colleagues
• Work on high-profile projects including reform of the Consumer Credit Act 1974, the Credit Information Market Study, and our review of our CONC 3 financial promotion roles

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