Card Fees Policy Lead Associate

7 months 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.

About the Policy team

The Policy team drives delivery of our strategy, providing you with an exciting opportunity to work on different aspects of policy development and analysis, project delivery and stakeholder engagement.

Our

Annual plan and budget for 2022/23

sets out in detail our current work programme. The policy projects you may be involved in over time include:
- Account-to-account retail transactions and card fees- Authorised push payment scams- Confirmation of payee- The new payment architecture- The future of cash- Card acquiring market review- Cryptoassets, stablecoins and central bank digital currencies

What does this role involve?

We're recruiting for a Lead Associate whose first role in the PSR will be to help lead the cross-border interchange fees project within our programme of work on card fees. This is a key part of our

strategy

and one of the most complex and high-profile projects within the PSR's work programme.

We are looking at why

interchange fees between the UK and the EEA

charged by Mastercard and Visa have increased to the levels they have, since the UK left the European Union. Depending on what we find, we will then need to decide whether the PSR should intervene, and if so how.

As a Lead Associate, you’ll provide leadership to a multi-disciplinary team - comprising economists, lawyers, technical payments experts and policy specialists - in a dynamic environment, often working to short deadlines.

This is a great opportunity to learn about how payment systems and card schemes operate, and to lead on high-profile work. This work is of significant interest both internally and externally, so this will require regular engagement with senior PSR staff and senior-level meetings and/or presentations with relevant external stakeholders.

You will be responsible for ensuring delivery across all aspects of our market review - formulating and issuing data requests; collecting, collating and analysing evidence; engaging with interested stakeholders; identifying problems and designing potential solutions - in order to develop robust policy recommendations, all within challenging timetables.

As a Lead Associate, examples of the work you will do are:
- Leading complex or high-profile PSR projects, involving multi-disciplinary teams and delivery of high-quality work, including coaching, mentoring and/or guidance for team members, as required- Support the development of team strategy and priorities (e.g. work approach, planning, prioritisation) and/or improvements in methodologies and practices, including helping to resolve highly technical issues and, in some cases, contribute to the techn



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