- Experience of governance and/or strategic leadership in a significant, complex or changing organisation.
- 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.
- A strategic mindset, excellent judgement and strong interpersonal and communication skills.
- Financial Conduct Authority
- Sponsor department
- HM Treasury
- Number of vacancies
- Time commitment
- 50 day(s) per annum
- £35000 per annum
- Length of term
- Application deadline
- 11pm on 3 October 2022
Timeline for this appointment
8 August 2022
11pm on 3 October 2022
31 October 2022
Interviews expected to end on
16 November 2022
- 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.
- 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
- 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
- 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 consumers.
- Audit Committee;
- Risk Committee;
- People Committee;
- Policy and Rules Committee;
- Oversight Committee; and
- Regulatory Decisions Committee.
Application and selection process
The application deadline is 3rd October 2022.
To apply, please visit www.odgers.com/86609 where you will be asked to submit the following:
- A comprehensive CV.
- A covering letter which explains your interest in the role and encapsulates the aspects of your experience relevant to the required criteria. Please include the names and contact details of two referees. Referees will not be approached without prior permission.
- The Disability Confident Scheme, Political Activity, and Conflict of Interest questionnaire.
- Contact information, including telephone numbers and e-mail addresses, which will be used with discretion.
- Consent to share personal details.
On receipt of your application, you will receive a personal link by email inviting you to complete a Diversity Monitoring Form. This will assist HM Treasury in monitoring selection decisions to assess whether equality of opportunity is being achieved. Any information collated from the Diversity Monitoring Form will not be used as part of the selection process and will be treated as strictly confidential.
If you have any queries concerning your application please email Nicole.email@example.com or Alex.firstname.lastname@example.org.
The relevant documents for your application are available at the links below, as well as on the Odgers webpage linked above.
Public appointments are made on merit following a fair and open competition process which is conducted in accordance with the Governance Code for Public Appointments. We will deal with your application as quickly as possible and will keep you informed at key stages. We aim to conclude the appointment process within three months of the deadline for applications – this is in accordance with the Governance Code.
The assessment process
Ministers are responsible and accountable to Parliament for the public appointments made within their department. As a result, they must be consulted at every stage of the appointments process.
An Advisory Assessment Panel (“Panel”) is appointed by Ministers to assist them in their decision making. The role of the Panel is to decide, objectively, which candidates meet the eligibility criteria for the role.
At the shortlisting meeting the Panel will assess applications against the eligibility criteria and decide which candidates should be recommended for interview. Ministers will then be consulted on the Panel’s recommended shortlist.
Once the shortlist has been agreed by Ministers, you will be advised (by e-mail) whether you have been shortlisted. Those shortlisted will be invited to an interview.
The Panel will meet again to interview candidates and determine who is appointable to the role. The names of all appointable candidates are provided to Ministers. It is then for Ministers to determine merit and decide who should be appointed. In some circumstances, Ministers may choose not to appoint any candidates and re-run the competition.
The Panel’s recommendations will be provided to Ministers in a report which details the assessment method used and the outcome of each interview. They will then be asked to agree on the candidate(s) who should be appointed.
Once the decision on the appointment has been made, interviewed candidates will be advised of the outcome of their application. Successful candidates will be issued with their Terms & Conditions and a letter of appointment should they agree to take up the position.
In general, you should have the right to work in the UK to be eligible to apply for a public appointment.
There are a small number of specialist roles that are not open to non-British citizens. Any nationality requirements will be specified in the vacancy details.
The Government expects all holders of public office to work to the highest personal and professional standards.
You cannot be considered for a public appointment if:
you are disqualified from acting as a company director (under the Company Directors Disqualification Act 1986);
have an unspent conviction on your criminal record;
your estate has been sequestrated in Scotland or you enter into a debt arrangement programme under Part 1 of the Debt Arrangement and Attachment (Scotland) Act 2002 (asp 17) as the debtor or have, under Scots law, granted a trust deed for creditors.
When you apply, you should declare if:
you are, or have been, bankrupt or you have made an arrangement with a creditor at any point, including the dates of this.
you are subject to a current police investigation.
You must inform the sponsor department if, during the application process, your circumstances change in respect of any of the above points.When you apply you should also declare any relevant interests, highlighting any that you think may call into question your ability to properly discharge the responsibilities of the role you are applying for. You should also declare any other matters which may mean you may not be able to meet the requirements of the Code of Conduct of Board Members (see Outside interests and reputational issues section below)
Additional information for candidates
- ensuring that application forms are available in different or accessible formats;
- making adaptations to interview locations;
- allowing candidates to present their skills and experience in a different way;
- giving detailed information on the selection / interview process in advance to allow candidates time to prepare themselves;
- allowing support workers, for example sign language interpreters;
- making provision for support animals to attend.
Holders of public office are expected to adhere to and uphold the Seven Principles of Public Life https://www.gov.uk/government/publications/the-7-principles-of-public-life/the-7-principles-of-public-life--2. These are:
- SELFLESSNESS - Holders of public office should act solely in terms of the public interest. They should not do so in order to gain financial or other material benefits for themselves, their family or their friends;
- INTEGRITY - Holders of public office should not place themselves under any financial or other obligation to outside individuals or organisations that might seek to influence them in the performance of their official duties;
- OBJECTIVITY - In carrying out public business, including making public appointments, awarding contracts, or recommending individuals for rewards and benefits, holders of public office should make choices on merit;
- ACCOUNTABILITY - Holders of public office are accountable for their decisions and actions to the public and must submit themselves to whatever scrutiny is appropriate to their office;
- OPENNESS - Holders of public office should be as open as possible about all the decisions and actions that they take. They should give reasons for their decisions and restrict information only when the wider public interest clearly demands;
- HONESTY - Holders of public office have a duty to declare any private interests relating to their public duties and to take steps to resolve any conflicts arising in a way that protects the public interest;
- LEADERSHIP - Holders of public office should promote and support these principles by leadership and example.
- any outside interests that you may have, such as shares you may hold in a company providing services to government;
- any possible reputational issues arising from your past actions or or public statements that you have made;
- and/or - any political roles you hold or political campaigns you have supported;
HM Treasury’s Public Appointment Recruitment Privacy Notice is available at the link below: