Edc, Rdc Chair

Chair, Regulatory Decisions Committee & Enforcement Decisions Committee - Financial Conduct Authority (FCA) & Payment Systems Regulator (PSR)

The FCA ensures that financial markets work well for individuals, for businesses and for the economy. The FCA has core objectives to protect consumers, protect and enhance the market integrity of the UK financial system and promote competition. The FCA is currently on an exciting journey driving forward significant organisational, people, process, and technology transformation to become a more forward-thinking, proactive regulator.

The PSR is an independent economic regulator directly accountable to Parliament and funded by the payments industry. How payments work affects the society we live in; the challenges faced by the vulnerable; how likely we are to fall victim to fraud; and how easily we can manage our money. Payments underpin our economy. Behind these payments are several important payment systems. We rely on these systems to support markets, facilitate competition, and drive innovation. This is where the PSR plays an important role - we are the economic regulator of, and competition authority for, those systems. We protect people and businesses and promote competition and innovation in these systems and the markets that they support. We work closely with other regulators involved in this sector, notably the Financial Conduct Authority, the Bank of England and the Competition and Markets Authority.

The Role

This is a unique opportunity to assist the FCA and PSR in achieving their objectives. We are seeking an individual to Chair both the Regulatory Decisions Committee and the Enforcement Decisions Committee. The RDC and EDC take certain decisions relating to contested enforcement actions, on behalf of the FCA and PSR. Committee members are selected for their experience of making independent, evidence-based decisions, their expertise in financial services and/or their knowledge and understanding of users and consumers of financial services. The Chair is responsible for leading the committees and working with the members and the FCA’s secretariat to ensure effective and efficient decision-making processes and outcomes. The Chair is also responsible for chairing panel meetings convened to consider cases and make decisions.

The Chair will:
- Lead the committees to ensure effective and efficient decision-making processes and outcomes.- Chair RDC and EDC panel meetings.- Work collaboratively with other committee members, usually in panels of three, to reach high-quality decisions in an efficient manner.- Ensure cases are dealt with fairly and expeditiously, in accordance with relevant law, policy and guidance.- Make decisions alone on more straightforward cases.- Work collaboratively with the RDC and EDC Deputy Chairs, support staff and relevant FCA and PSR stakeholders.- Report periodically to the FCA and PSR Boards, and to the FCA’s Board Risk Committee, on the committees’ resourcing, processes, operations and risks.- Help to shape the future of the committees and how they work, adapting as required to changing needs and demands over time.

The Individual:
- Boards- Committees- Tribunals, etc

Essential Experience:
- A demonstrable ability to assimilate and analyse large amounts of complex and conflicting information;- Experience of working collaboratively with others to reach objective, evidence-based decisions;- Sound judgement;- A desire to positively influence UK financial services or payment systems, to protect consumers and maintain the integrity of financial markets, and to make payment systems work well for users;- A broad understanding of the range of UK financial services and/or payment systems businesses and their users and consumers and their behaviour and needs.

Desirable Experience:
- Knowledge of the law or decision-making in a statutory context.- Experience and expertise at the highest level of at least one of the following:
- Financial services (including retail financial services)- Payment systems and the markets for services provided by payment systems

The FCA’s Values & Diversity

Our ambition is to create a diverse and inclusive workplace that reflects the society we serve, helping us to be a better regulator. We serve the public and our decisions directly affect the wellbeing of people, businesses and the UK economy. So our values matter. They represent the culture we aspire to every day, guiding our judgements, building trust and helping us to be ‘At our best’.

All FCA colleagues are expected to demonstrate behaviours in line with our five values - Deliver in the public interest, Act with integrity, Be ambitious, Work inclusively and Connect and deliver. These are embedded in all roles, and through the selection process we check for alignment to our values. For more detail on our values and core skills, please see

here


Useful Information- The closing date for this role is 23:55 on 6 May 2024- £195,000 per annum plus p