Division – Payments & Digital Assets
Department – Supervision, Policy and Competition (SPC)
Salary: London from £79,300 - £95,000 per annum & National – ranging from £72,100 – £85,000 (
Salary offered will be based on skills and experience)
About The FCA
The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA.
Open Banking and Open Finance have potential to be key drivers of growth and competition in the UK financial services sector and have the potential to improve customers’ financial lives and fight crime.
In our 2025-2030 strategy, we have committed to building on the success of Open Banking and launch Open Finance to increase the pace of change to deliver innovation and competition, greater flexibility and lower costs to consumers.
We have set up a new department to increase our focus in this area. Our work is focussed on working with industry to develop use cases for open finance and designing policy that will establish a sustainable and competitive footing to empower consumers with choice. Our vision is for the open banking ecosystem can grow beyond the current functionalities, extend across different financial services sectors for open finance and bring greater competition and choice while boosting innovation and growth.
What You Will Be Doing
- Your role is to help progress a key strategic priority for the FCA – opening up and enabling the sharing of consented consumer data from different financial services providers to make consumers’ lives easier, increase choice and allowing for easy-to-access, personalised support
- You will be a Technical Expert for chairing and leading engagement with industry stakeholders on open finance. This involves regular engagement with open finance data holders and users including banks, credit reference agencies, FinTechs, trade bodies/associations, insurance firms, consumer investment providers etc. This involves being able to translate complex technical concepts to non-technical stakeholders
- To deliver industry policy sprints for prioritised open finance use cases through collaborative working with the Open Finance and Banking Policy managers and the Smart Data Accelerator team in Innovation
- The successful candidate will take on responsibility for project delivery and ensure the quality and robustness of evidence gathered from industry via the policy sprints allow for evidence-based policy making
What You Will Get From The Role
- This role is an exciting opportunity to work on policy and strategy central to delivering the new FCA Strategy. The role is best suited to those who are interested in working in a fast-paced, flexible environment
- You will join at an exciting time, the National Payments Vision named FCA as the UK’s regulator for Open Banking and you will have the opportunity to help develop the long-term regulatory framework for Open Banking and Open Finance
- This role is a unique opportunity contribute to development of Open Banking and Open Finance. Embracing opportunities for greater data sharing will make consumers’ and businesses’ lives easier, increasing choice and allowing for easy-to-access, personalised support
- You will get exposure to new ideas and the opportunity to increase your knowledge and understanding of new technologies that could shape the future of financial services
- Exposure to senior industry leaders in a wide range of financial services providers
Which skills are required?
We are a Disability Confident Employer; 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
- Prior experience of leading and / or playing a key role in industry working groups to explore use cases for open banking and/or open finance
- Prior experience of financial services products development particularly in small businesses and consumer lending
Essential
- Open banking knowledge and experience is desirable
- Understanding of what makes markets work well for consumers and the impact of regulation on consumers, including unintended outcomes
- Excellent oral and written communication skills, particularly communicating complex concepts to non-technical colleagues
- Ability to demonstrate personal impact and influence and persuade stakeholders of your point of view
- Experience of engaging with a diverse range of stakeholders
- A collaborative and flexible approach, with the ability to think strategically about future regulatory approaches and join up with wider FCA or Government policy initiatives
- Comfortable with responsibility and managing ambiguity
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.
Did you know? 50% of our Executive Committee were the first in their family to attend university.
Benefits Of Working At The FCA
- 28 days holiday per year plus bank holidays
- Hybrid working (work from home up to 60% of your time)
- Private healthcare with Bupa
- A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach age 35)
- Life assurance of eight times your basic salary
- 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 FCA - Life at the FCA
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
- This role is graded Technical Specialist – Regulatory
- This is a Fixed Term Contract until end March 2026
- Advert Closing Date: Wednesday 13th August 2025
- CVs will be reviewed from: Thursday 14th August onwards
- Interview process: Beginning 20th August onwards
Got a question?
If you are interested in learning more about the role, please contact Sartaj Deol on
[email protected]Your Recruiter will discuss the process in detail with you during screening for the role.
