About this role
An exciting opportunity has arisen for high performing individuals with expertise in financial services and consumer policy to join the Financial Services Consumer Panel. The Panel is established under statute and is independent of the Financial Conduct Authority. It represents the interests of consumers of financial services, including small business consumers.
The Financial Conduct Authority is the conduct regulator for nearly 42,000 financial services firms and financial markets in the UK. It sets standards to protect consumers, ensure integrity of the UK financial system, and promote effective competition. The FCA also facilitates international competitiveness and growth of the UK economy.
The Panel's vision is for financial services markets to work well for consumers. Its role is to ensure the consumer interest is considered in the FCA’s policy development and implementation. Panel members offer constructive advice and challenge throughout the policy cycle.
Members engage with the FCA at all levels, including the Chair, CEO and Executive Committee, to shape policies, rules and responses to live issues. The Panel is supported by a Secretariat provided by the FCA. Membership is by individual appointment, without representing any organisation.
Requirements
- Expertise in financial services
- Expertise in consumer policy
- High performing background suitable for challenging FCA policies
- Understanding of financial services markets and consumer interests
- Knowledge of regulatory policy development
Responsibilities
- Offer constructive advice and challenge to help the FCA deliver its strategic and operational objectives
- Engage with the FCA at all levels, including the Chair, CEO and Executive Committee
- Help shape the regulator’s policies, rules and responses to live issues impacting financial services consumers
- Ensure the consumer interest is considered as part of the FCA’s policy development and implementation
- Represent the interests of consumers of financial services, including small business consumers
- Provide input throughout the policy cycle
Benefits
- Independent role established under statute
- Supported by FCA Secretariat
- Engagement with FCA senior leadership including Chair and CEO
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