FCA Non Executive Director

About the FCA 

At the FCA, we’re creating a fair and more resilient financial system. We’re establishing more transparent relationships between financial services and customers, building trust in financial markets and protecting vulnerable consumers. 

We’re currently on an exciting journey as we drive forward significant organisational, people, process, and technology transformation to become a more forward-thinking, proactive regulator. We will use data more effectively to drive better regulatory decisions and build greater cohesion across our broad financial services remit.  

Significant improvements in digital enablement, business intelligence, market data and information management maturity are all being pursued to maintain our position as a world leader in financial services regulation. 

The Role  

The FCA Board maintains oversight of the organisation’s operations, and holds the FCA Executive to account. The Board comprises Non-Executive Directors and the Chief Executive. It has several committees to which it delegates certain functions and powers.

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

Skills/Experience Required  

The FCA are a signatory to the Government’s Disability Confident scheme. This means that the FCA guarantees an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role. A minimum criterion needs to be measurable from reviewing a candidate’s CV.

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 enhancing market integrity, protecting consumers, and promoting effective competition in the interests of consumers

• Experience of governance and/or strategic leadership in a significant, complex, or changing organisation

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’.

The FCA is committed to achieving greater diversity across all levels of our organisation. Given this, we particularly welcome applications from women, disabled, and minority ethnic candidates, as under-represented groups.

As an inclusive employer, we are open to considering flexible working arrangements, including job shares. Please inform your recruiter if you wish to apply for this role on a flexible basis.

As part of the FCA’s on-going commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds or London offices. This means that as part of the application process you will be able to select your preference of which office location you would like to work from.

Application Support

We want to remove any possible barriers and are committed to providing a wide range of reasonable adjustments so that you can keep the focus on your conversations and be at your best.

If you have an accessibility requirement, disability, or condition that means you might require changes to the recruitment process, please contact your recruiter to discuss this further. Our aim is to make you application as easy as possible, and your recruiter will be happy to work with you to make any necessary arrangements where possible.

Conflicts of interest 

All applicants to the FCA are required to demonstrate that they do not have other interests likely to conflict with their responsibilities. You should declare any potential conflict of interest as early as possible in the selection process, and also disclose information or personal connections that, if appointed, might be open to misperception.  

Any potential conflicts of interest will not prevent candidates going forward to interview but may, if appropriate, be explored during the interview to establish how the candidate would address the issue(s) should they be successful in their application.  

Useful information 

• The closing date for this role is 23:55 on Sunday 3 November 2024

• Selection will be via a one stage interview.  

• If successful, you will be required to obtain and retain SC Clearance.  

The FCA has retained Odgers Berndtson to advise on this appointment. For further information about the position and additional details on qualifications, requirements, terms and conditions of service and how to apply please use www.odgers.com/92396