Closed Applications (Archive)

Financial Conduct Authority Non-Executive Directors

Body
HM Treasury
Appointing Department
HM Treasury
Sector
Regulation
Location
London
Skills required
Regulation
Number of Vacancies
2
Remuneration
£35k per year
Time Requirements
Approximately 50 days per year

Campaign Timeline

  1. Competition Launched

    08/08/2022

  2. Closed for Applications

    03/10/2022

  3. Panel Sift

    31/10/2022

  4. Final Interview Date

    16/12/2022

  5. Announcement

    TBC

Assessment Panel

Panel Member
John Owen
Panel Role
Panel Chair
Positions
Director, Financial Services, HM Treasury Departmental Official
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Political Activity-
Notes-
Panel Member
Richard Lloyd
Positions
Interim Chair, Financial Conduct Authority Representative of Organisation
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Political Activity-
Notes-
Panel Member
Charlotte Crosswell
Positions
Chair and Trustee, Open Banking Implementation Entity Independent Member
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Political Activity-
Notes-

Vacancy Description

This job advert can be viewed on the government’s new public appointments website via this link.

About the Financial Conduct Authority

The FCA is an independent regulator with the strategic objective of ensuring that the UK’s financial markets function well. To do this, the FCA regulates the conduct of over 51,000 businesses, and will for many of them also consider whether they meet prudential standards that reduce the potential harm to consumers and industry if they fail.

The FCA’s operational objectives are to:

  • protect and enhance the integrity of the UK financial system;
  • secure an appropriate degree of protection for consumers; and
  • promote effective competition in the interests of

The role

Key responsibilities of the Board

  • Develop the strategic direction of the organisation in pursuit of its statutory objectives
  • Scrutinise the performance of the organisation in meeting agreed goals and objectives
  • Oversee the delivery of the FCA’s multi-year transformation programme
  • Hold the Chief Executive and the executive team to account and provide appropriate challenge
  • Demonstrate and uphold the FCA’s commitment to equality, diversity and inclusion
  • Ensure that the regulatory powers and responsibilities specifically reserved to the Board by legislation are exercised appropriately
  • Ensure appropriate policies are in place to manage risks to the organisation’s operations and the achievement of its strategic objectives
  • Debate and take specific decisions which are of such significance as to be required to be taken by the Board
  • Maintain a sound system of financial control
  • Approve the annual budget of the FCA, the Payment Systems Regulator, the Financial Ombudsman Service and the Financial Services Compensation Scheme

Key responsibilities of Non-Executive Directors

  • Develop, promote and act at all times in the best interests of the FCA
  • Develop, monitor, and hold the Chief Executive and executive team to account for the FCA’s performance and strategic direction
  • Apply a constructive style in scrutinising and challenging management recommendations at Board level, respecting the boundary between non-executive and executive responsibility
  • Apply relevant knowledge and expertise to the Board’s debates and decision making
  • Assist in maintaining positive working relationships with the FCA’s key senior stakeholders

Person Specification

Essential skills and experience

  • A strategic mindset, excellent judgement and strong interpersonal and communication skills.
  • An appreciation of the role played by financial services regulation in protecting consumers, enhancing market integrity and promoting effective competition in the interests of consumers.
  • Experience of governance and/or strategic leadership in a significant, complex or changing organisation.

Desirable skills and experience

  • An appreciation of the role of regulation as a driver of growth and competitiveness and/or regulatory approaches in other jurisdictions.
  • Digital markets expertise or demonstrated awareness of the interactions between digital markets and financial services.
  • Experience in or familiarity with the field of competition economics.