Payments Specialist - 12 Months Fixed Term Contract

at  Payment Systems Regulator

Payments Specialist - 12 Months Fixed Term Contract
Salary - ranging from £73,700.00 - £119,800.00
About the PSR
How payments work affects the society we live in; the challenges faced by the vulnerable; how likely we are to fall victim to fraud; and how easily we can manage our money. Payments underpin our economy.
Behind these payments are several important payment systems. We rely on these systems to support markets, facilitate competition and drive innovation. This helps to deliver new products, find new ways to protect people from harm, and deliver services that give people and businesses more choice and control about how to pay and be paid.
The PSR is an independent economic regulator led by Interim Managing Director, David Geale. We are directly accountable to Parliament and funded by the payments industry. We work closely with other regulators involved in this sector, notably the Financial Conduct Authority, the Bank of England and the Competition and Markets Authority. Operationally we are an independent subsidiary of the Financial Conduct Authority.
Purpose of the role
The primary purpose of this role is to provide advice about the UK’s interbank payment systems (in particular the Faster Payments System (FPS) and Bacs) to help shape policy-making at the PSR.
The PSR oversees the delivery of central infrastructure for interbank payments by the payments industry.
The role includes supporting specific programmes of work, training staff on aspects of payments, and supporting other requests for information about how payments systems work.

Key accountabilities

• Providing expert advice and industry insight on strategic, commercial, operational and technical aspects of payments and payment systems to support the Policy division
• Clearly articulating complex matters in a straightforward manner to non-technical stakeholders; including contributing to written documents both for internal governance decisions and external publication
• Developing and delivering internal training modules to support PSR colleagues’ development
• Providing briefings to the PSR’s board and senior management
• Engaging with a network of industry and other external stakeholders to keep abreast of developments in the payments ecosystem, and working with key stakeholders to promote our objectives, such as the payments industry, the Bank of England, the Financial Conduct Authority, HM Treasury and other regulators
• Representing the PSR in external meetings and conferences, including through giving presentations and sitting on panels
• Supporting the PSR’s ‘Contact Us’ function in crafting responses to payments-related queries from external stakeholders, including members of the public
• Be an active role model for PSR colleagues demonstrating behaviours in line with the PSR values and capabilities

Minimum

We are a signatory to the Government’s Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, should they meet the minimum criteria for a role.

• Proven payments industry experience, and a detailed understanding of UK payment systems, in particular FPS and Bacs; this includes having a good understanding of their rules and technical standards, the payment services they support and the commercial models underpinning these
• Proven experience of key stakeholders in the UK payments industry and their issues and concerns

Essential

• In-depth knowledge of Interbank payment systems, the services they support and their participants and Payment technology (e.g. Fintech providers and propositions, use of payments APIs, Open-banking, AI)
• Excellent analytical and problem-solving skills
• Excellent stakeholder management skills with the ability to influence and gain the trust of other senior leaders and external stakeholders
• Proven experience in working in multi-disciplinary teams (e.g. that include economists, lawyers, communications specialists and policy advisors)
• Excellent written and oral communication skills
• The ability to manage your time and work under pressure and to tight deadlines on a diverse set of projects and work streams

Desirable

• An understanding of the Payment Systems Regulator
• Excellent prioritisation and organisational skills

PSR Values
All members of PSR are expected to demonstrate the PSR Values of Integrity, Unity, Engagement, Knowledge & Purpose.
In order to represent the people and organisations that we serve, we are committed to building and sustaining a diverse and inclusive workplace. Our commitment includes disability, ethnicity, LGBTQ+ and gender identity, mental health, and social mobility issues.
We are proud signatories of the
Women in Finance Charter
, we hold the
Level 2 Carer Confident
accreditation from Carers UK and we signed the
Social Mobility Pledge
in June 2020.
As an inclusive employer, we are open to considering flexible working arrangements. Please contact our recruiter if you wish to apply for this role on a flexible basis.

Useful information

• This role is graded as Technical Specialist – Regulatory
• The role is a 12 Months Fixed Term Contract
• Applications for this role close at 23.59 on the 12th November 2024 with interviews being conducted in w/c 25th November 2024
• This role will be based in London,

The International Quarter, Stratford
If you are interested learning more about the role, please contact:
For internal candidate Katie Ayling on
Kat
ie.Ayling@fca.org.uk
For external candidates Ifrah Azam on
ifrah.azam@fca.org.uk
Want to know what it is like to work at the PSR? Check out this short video
PSR recruitment video 2022 - YouTube
Please note – Applications must be submitted through our online portal. Applications sent via email will not be accepted.
Conflicts of interest
All applicants to the PSR are required to demonstrate that they do not have other interests likely to conflict with their responsibilities as an employee of the PSR.
You should declare any potential conflict of interest as early as possible in the selection process (via the named recruitment contact), 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.
For more information on conflicts please visit:
https://www.fca.org.uk/publication/corporate/conflict-of-interests.pdf

• Proven payments industry experience, and a detailed understanding of UK payment systems, in particular FPS and Bacs; this includes having a good understanding of their rules and technical standards, the payment services they support and the commercial models underpinning these
• Proven experience of key stakeholders in the UK payments industry and their issues and concern