Director of Supervision
The Financial Reporting Council (‘FRC’) is the UK’s independent regulator responsible for regulating auditors, accountants and actuaries, and promoting high-quality corporate governance and reporting, in order to foster investment.
At an exciting time for the industry, Sir John Kingman’s independent review of 18th December 2018 sets the course for a new regulator – the Audit, Reporting and Governance Authority (ARGA) – to emerge from the FRC. ARGA will replace the FRC as a new, independent statutory regulator with clear statutory powers and objectives, accountable to Parliament and the Department for Business, Energy & Industrial Strategy (BEIS).
An Executive Committee member, the Director of Supervision will be responsible for overseeing the integration and ongoing development of supervision and monitoring in relation to audit and company reporting in the context of a transition to this new regulator with increased statutory powers.
This is a high profile, critical appointment at a time of positive change. It presents a unique intellectual challenge encompassing a range of strategic, supervisory, operational and stakeholder management responsibilities:
- As a key member of the Executive Committee, navigate the transition to a new independent body with statutory powers that effectively discharges its responsibilities as the Competent Authority for audit and other audit related responsibilities
- Oversee the integration and ongoing development of supervision and monitoring in relation to audit and company reporting, requiring the integration of those business areas and the ongoing development and implementation of a revised programme of supervision
- Lead a growing team of technical experts, promoting an environment that fosters continuous improvement in relation to quality of audits, and a holistic supervisory approach that pays due consideration to risk in the broadest sense
- Provide constructive challenge to audit firms in their efforts to drive further improvements in audit quality and to companies to ensure high quality, transparent corporate reporting, and work effectively with government and other stakeholders
- Experience of best practice regulation, particularly of supervision, combined with a strong understanding of the financial markets, the needs of investors and the provision of constructive challenge to regulated firms
- A strategic leader with the ability to contribute broadly across a range of complex issues as a member of the Executive Committee, with proven experience in leading and motivating teams through structural and cultural change
- Personal credibility to command respect with the leadership and boards of the major firms, professional bodies and companies and experience of building relationships with a range of external stakeholders to include Government and media
Please see www.odgers.com/67459 for more information and application details.
Closing date for applications is noon on Thursday 7th February.