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Senior Payments Policy Advisor

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Financial Conduct Authority (FCA)

Jul 30

  • Job
    Full-time
    Entry Level
  • London
  • Quick Apply

AI generated summary

  • You should have extensive experience in payments policy, strong analytical skills, knowledge of regulatory frameworks, and the ability to engage with stakeholders effectively.
  • You will advise on payments policy, analyze regulations, develop guidelines, engage with stakeholders, monitor industry trends, and ensure compliance with legal standards in the financial sector.

Requirements

  • Experience of policy making or working in a policy role in the payments sector
  • Proven experience in presenting key issues clearly and succinctly in writing
  • Evidence of problem solving and experience in managing a variety of competing priorities and issues
  • Experience of analysing information and contributing to the development of policy
  • Proven experience of building and managing relationships with stakeholders
  • Good stakeholder management with the ability to build a network across and beyond the organisation
  • Willingness to learn and develop, taking on new responsibilities and adopting a flexible and pragmatic approach to your work

Responsibilities

  • - Do you want to shape the future of payments in the Payments Policy team at the FCA?
  • - The payments team leads on the policy that makes payments work. The work touches the lives of everyone in the UK, making sure that payments are fast, efficient, dependable, and safe.
  • - The payments landscape is undergoing rapid change. Increasing digitalisation, the emergence of new ways of paying, the evolution of open banking data sharing and payment initiation services that give consumers ways to interact with their bank accounts in new ways. These developments are underpinned by payment services regulation.
  • - The payments regulatory landscape is about to undergo meaningful change as the legislative framework is under review as part of government repeal and replacement of retained EU law. Our team is shaping the future regulatory framework that will emerge from this work.
  • - We are recruiting three positions:
  • - Two permanent positions
  • - One 12-month Fixed Term Contract/Secondment position
  • What you will be doing:
  • - You will have the opportunity to support on policy areas conducting research, engaging with teams across the FCA, and studying information to develop policy proposals. You will build depth and breadth of knowledge as you support the team’s wider work in the Payments and Digital Assets Department
  • - You will contribute to public consultation on changes to FCA rules or guidance, as well as work to ensure FCA priorities are reflected in changes taken forward by others. You will consult with government, other regulators, industry, and other opinion formers shaping the market
  • - You will also provide training, advice, and briefings about payments policy issues to FCA colleagues and senior leadership
  • What will you get from the role?
  • - This role is an exciting opportunity to work at the heart of policy in the FCA in an evolving area of policy.
  • - Opportunity to develop in-depth knowledge of the systems and regulations that underlie payments and which touch on every area of consumer and businesses financial lives
  • - As an employer, the FCA places value on your learning, and we offer world-class development opportunities which will assist you in achieving your career aspirations. We can support professional qualifications in data science or financial analysis for a motivated person, depending on your profile
  • Core benefits that you will receive as standard are:
  • - 25 days holiday per year plus bank holidays
  • - Private healthcare with Bupa
  • - A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach age 35)
  • - Life assurance of eight times your basic salary
  • - Income protection
  • We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations.

FAQs

What is the salary range for the Senior Payments Policy Advisor position?

The salary is up to £64,000 nationally and up to £70,400 for London.

What will I be doing in the Senior Payments Policy Advisor role?

You will support policy areas by conducting research, engaging with various teams across the FCA, developing policy proposals, contributing to public consultations, consulting with government and industry stakeholders, and providing training and briefings on payments policy issues.

What benefits does the FCA offer for this role?

The FCA offers a competitive flexible benefits scheme, including 25 days of holiday plus bank holidays, private healthcare with Bupa, a non-contributory pension scheme of at least 8% of basic salary (which can increase to 12% by age 35), life assurance of eight times your basic salary, and income protection.

What are the minimum qualifications required for this position?

Candidates must have experience in policy making or a policy role in the payments sector, proven skills in presenting key issues in writing, and demonstrated problem-solving abilities while managing competing priorities.

What experience is essential for the Senior Payments Policy Advisor role?

Essential experience includes analyzing information to develop policy, proven relationship management with stakeholders, good stakeholder management skills, and a willingness to learn and take on new responsibilities.

What is the application timeline for this job?

The closing date for applications is 23:59 on Sunday, 4th August 2024. Shortlisted candidates will participate in a case study during the week commencing 12th August 2024, followed by interviews the week of 19th August 2024.

Can the role be performed remotely?

Yes, the FCA supports hybrid working, which allows you to work from home up to 60% of the time, with the remainder in one of their office locations.

What is the recruitment process for this position?

After the application closing date, all applications will be reviewed. Shortlisted candidates will complete a case study, followed by a competency-based interview if they are successful in the case study stage.

How can I get in touch if I have questions about the role?

External applicants can contact Chhavi Bartaria at chhavi.bartaria@fca.org.uk, while internal applicants should reach out to Jennifer Wishart at jennifer.wishart@fca.org.uk.

Does the FCA have policies to support diverse candidates?

Yes, the FCA is committed to achieving greater diversity and welcomes applications from women, disabled candidates, and individuals from minority ethnic backgrounds. They are also a signatory to the Government’s Disability Confident scheme, offering interviews to disabled candidates who meet minimum criteria.

Where can I apply for this position?

Applications must be submitted through the FCA's online portal, as applications sent via email will not be accepted.

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Financial Conduct Authority (FCA)

We aim to make markets work well – for individuals, for business, large and small, and for the economy as a whole.

Finance
Industry
1001-5000
Employees
2013
Founded Year

Mission & Purpose

The Financial Conduct Authority (FCA) is the regulatory body for the financial services industry in the United Kingdom. Its primary responsibility is to ensure the stability and integrity of the financial markets and to protect consumers. The FCA regulates various financial institutions, including banks, insurance companies, investment firms, and mortgage providers, to ensure that they comply with relevant laws and regulations. The ultimate mission of the FCA is to promote effective competition and fair practices in the financial industry while safeguarding consumers' interests. Their purpose is to maintain the trust and confidence of the public in the financial system by overseeing and enforcing rules that promote transparency, accountability, and fair treatment of consumers. The FCA also provides educational resources and guidance to help consumers make informed financial decisions and protect themselves from potential risks and scams.