Risk and Compliance Specialist

at  Payment Systems Regulator

Risk and Compliance Specialist
Department - People & Operations
Salary - £56,400 - £65,000
Every time anyone uses a cash machine, transfers money, uses contactless, or gets paid, they use a payment system. Payment systems are always evolving and the PSR is here to make sure they work well for everyone. Follow this link to find out more
About The PSR
The Central Risk Team (2LoD)
The Central Risk Team drives delivery of the PSR’s risk management framework and is the second line of defence (2LoD). The team plays a vital role in supporting all divisions within the PSR with all aspects of the risk management framework and aims to nurture a strong risk aware culture.
What will you be doing?

This is an exciting opportunity to join the Central Risk Team, you will support on risk management in the PSR, providing second line of defence (2LoD) challenge and assurance on risks captured across the PSR.

• You will support the implementation of the risk management framework and maintain key risk management products and processes to ensure that they remain fit for purpose
• You will lead on compliance monitoring and reporting against key organisational policies
• You will also support risk-related communications and engagement across the organisation as well as risk reporting including to the Executive, Audit Committee and Risk Committee
• This role requires a significant amount of stakeholder engagement
• You will be responsible for overseeing and reporting on open internal audit actions, liaising with the business and Internal Audit to ensure that actions are managed well
• This role also acts as deputy for the Lead Associate, where required

What will you get from the role?
This is a great opportunity to learn about the risks the PSR face, implementing the risk management framework and challenging first line of defence colleagues to ensure robust mitigations are employed.
This role encourages interaction at all levels of the organisation and affords strong collaborative opportunities with senior PSR management and FCA counterparts.
Work is of significant interest so this will require regular engagement with senior PSR colleagues and senior-level meetings and/or presentations with relevant stakeholders.
Which skills are required?
We are Disability Confident; therefore, disabled people or individuals with long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. (To learn more about the Disability Confident Scheme
Click Here
)

Minimum

• Experience of managing risk from both a First Line of Defence (1LoD) and Second Line of Defence (2LoD) across an organisation or at large divisional level
• Experience of providing oversight, advice and guidance as a risk subject-matter expert to others within a wider organisation
• Strong knowledge and demonstratable experience of Microsoft Office 365, specifically Microsoft Excel

Essential

• Knowledge and experience of best practice risk management in public authorities (for example the Orange Book)
• Experience in both 1LoD and 2LoD risk management. Mitigating risk through robust controls, experience of implementing and overseeing risk management frameworks, assuring adherence to policies and procedures
• Experience of quality assuring the work of others
• Excellent stakeholder engagement skills including evidence of working with and ability to influence senior leadership. Alongside ability to support and coach colleagues on risk management best practise
• Ability to draft compelling committee papers, clearly drawing attention to key discussion and decision points
• Experience of risk analysis through the production of concise but clear reports and MI on key risks, trends, themes, indicators and controls
• Can evidence examples of delivering outcomes and outputs against tight timeframes with experience of prioritising from a complex workload
• Knowledge and experience of policy compliance, creation and framework

Our Values & Diversity
We are proud to be an inclusive employer and our ambition is to cultivate a culture for all employees that respects their individual strengths, views, and experiences. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation.
Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.
The PSR is committed to achieving greater diversity across all levels of the organisation. Given this, we particularly welcome applications from women, minority ethnic, disabled, and neurodivergent candidates for our Senior Associate role.

Benefits of working at the PSR

• 25 days holiday per year plus bank holidays
• Hybrid working (work from home up to 50% of your time)
• Private healthcare with Bupa
• A non-contributory Pension of at least 8%
• Life assurance
• Income protection

We also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle.
We welcome applications from candidates who are looking for flexible arrangements. Many of our staff work flexibly including working part-time, staggered hours, and job shares. We can’t promise to give you exactly what you want but we can explore what might work best for both sides.
Follow this link to see what life is like at the PSR -
Working at the PSR
Application Support
We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible.
If you have an accessibility need, disability, or condition requiring changes to the recruitment process, please contact your recruiter using the details below and they will be happy to discuss this further with you.

Useful Information and Timeline

• This role is graded Senior Associate – Regulatory
• Advert Closing Date: 31st January
• CV Review/Shortlist: 3rd/4th February
• Competency Based Interview: W/C 10th February

Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time.
Got a question?

If you are interested in learning more about the role, please contact:

• For internal applicants, please contact Katie Ayling at

Katie.Ayling@fca.org.uk

• For external applicants, please contact Ifrah Azam at

  Ifrah.Azam@fca.org.uk
  Applications must be submitted through our online portal. Applications sent via email will not be accepted.
  The PSR 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.

• For internal applicants, please contact Katie Ayling at