The Financial Conduct Authority (FCA) is an independent financial 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 58,000 businesses and will, for many of them, also consider whether they meet prudential standards that reduce the potential harm to the industry and consumers if they fail.  

The Government is seeking to appoint a number of Non-Executive Directors to the Board of the Financial Conduct Authority. These appointments are to fill vacancies which arise from retirements in 2019 and 2020 as Directors complete their maximum terms.

These vacancies are senior roles requiring people with the necessary skills to assist the Chair in providing strategic leadership and oversight of the FCA and in supporting and positively challenging the FCA’s senior executives. The FCA’s work is highly varied and engages with people and firms throughout the UK: the Board seeks to reflect that diversity in its composition.

Role

The Non-Executive Directors play a vital part in shaping the role of the FCA, providing appropriate advice, guidance and counsel to the executive team while holding them to account for the performance of the organisation.

Key responsibilities include:

• Helping to develop the culture and strategic direction of the organisation, and ensuring that the regulatory powers and responsibilities specifically reserved to the Board by legislation are exercised appropriately
• Debating and taking specific decisions which are of a significance to be taken by the Board
• Assisting in maintaining positive working relationships with the FCA’s key senior stakeholders

The Individual(s)

A Non-Executive Director must have a strategic mindset with excellent listening, influencing and communication skills. They will have intellectual capacity and inquisitiveness, and an understanding of, and concern for, consumer issues in financial services.

Some or all of the following criteria are desirable:

• A good understanding of the financial services sector, possibly but not necessarily obtained through working in the industry and/or experience gained in other fields such as competition economics, policy or law and consumer affairs.
• An ability to build effective relationships and collaborate successfully at the highest levels within business and government.
• Experience of governance and/or strategic leadership in a significant, complex organisation
• Digital technology experience and an appreciation of the impact of technological change on the FCA’s future plans and objectives
• A track record of sound judgement, and the ability to apply common sense and tact.
• For one of the vacancies, senior experience of internal controls, including financial controls and financial reporting, in order to chair the Audit Committee.

The application deadline is midnight on Sunday 30^th June.  

For further details and to apply, please visit: www.odgers.com/71844