Data Science Associate

2 weeks ago

London, United Kingdom Payment Systems Regulator Full time

About the PSR
- 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 helps to deliver new products, find new ways to protect people from harm, and deliver services that give people and businesses more choice and control about how to pay and be paid.
- We need the technology, the rules governing the use of these systems and the markets they support to all work well. 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.
- The PSR is an independent economic regulator led by Managing Director, Chris Hemsley. We are directly accountable to Parliament and funded by the payments industry. 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. Operationally we are an independent subsidiary of the Financial Conduct Authority.
- Why join the PSR?
- There are so many reasons why the PSR is a great place to work In addition to working at the cutting edge of regulation and making a real difference to people’s lives, we have an excellent agile working environment, a friendly team with an important role to play. So, if you are motivated by making a difference to how we all make payments, then we are for you.
- In addition, we offer a wide variety of learning and development opportunities here at the PSR as well as access to the FCA Academy which has a wealth of resource available to us.
- We’re committed to building and sustaining a diverse and inclusive workplace in order to represent the people and organisations that we serve. We recognise the diverse community in which we operate, and we encourage applicants irrespective of ethnicity, disability, gender, gender reassignment, pregnancy and maternity, religion or belief, marriage or civil partnership, sexual orientation, social background or age.

Purpose of the role

We're recruiting associates with expertise in data analysis and presentation, to join the Analysis team, within our Strategy and Intelligence division. This is an exciting opportunity, that will allow the post holder/s to develop their skills in one of the UK’s most fast-moving sectors and have a real-world impact on people’s daily lives.

The role of an associate at the PSR is a dynamic one, which calls for a flexible and proactive approach. You'll be a key part of developing how we analyse data about the sector we regulate. This will include how we source, collect, analyse, and present key elements of our data, to ensure the PSR is able to focus on the right outcomes for those making and receiving payments. This includes being part of developing our approach to monitoring our strategic outcomes outlined in our five-year strategy. You will also drive improvements in how we work, by championing best-practice and innovative ways of using data and analytics.

This role will include working closely with other parts of the PSR, including teams within our Policy and Supervision and Compliance Monitoring Divisions.

The data analysis you produce will add value to the wider organisation as well as being responsive to the needs of our internal customers. You will also need to support co-ordination with other authorities (such as the FCA and the Bank of England), as well as industry stakeholders to source and understand the data.

Key accountabilities- Support engagement with internal stakeholders to build an understanding of their data and analysis requirements.- Understanding existing data sources and identifying new sources to address key questions and areas of interest for the PSR, including monitoring our strategic outcomes- Maintaining and evolving a data environment that holds data from a variety of sources, identifying data gaps and ensuring analysis can be conducted in a timely manner- Developing data requests and data templates to incorporate into our database- Developing and delivering dashboards and other data visualisations to provide key insights for senior internal audience and external stakeholders- Planning and delivering analysis on payment trends, including writing data and insight reports and presentations- Administering data quality checks and record keeping ensuring our data management and analysis is high quality- Play an active part in the development of data management processes within the organisation and a supporting role in embedding effective Data Governance within the organisation- Enabling the PSR to get more value from our data, identifying new opportunities for analys

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