Policy Manager - Regulatory Affairs, Permanent, London
As a Policy Manager at Pay.UK, you'll have an integral part in shaping our regulatory landscape. You'll be responsible for assessing, managing, and influencing regulatory policy, ensuring our operations align with evolving industry standards. Your thorough knowledge of Pay.UK's strategic plans and business functions, alongside effective persuasion and project coordination abilities, will be crucial for ensuring our regulatory adherence and achievement of goals.
Key Accountabilities
- Offers deep expertise and counsel across assigned initiatives, concentrating on regulatory goals, and presents appropriate levels of scrutiny to ensure that Pay.UK's aims are met in accordance with its operational capacity.
- Creates and provides submissions to regulators, enabling Pay.UK to demonstrate and discuss key aspects of the projects/programmes being delivered; the robust process of production, assurance and governance underpinning the project/programme; and alignment with regulatory expectations and Pay.UK’s strategic objectives.
- Identifies and assesses options to address Pay.UK regulatory policy risks and issues.
- Takes the lead on answering key regulatory policy questions or handling regulatory issues within allocated projects or programmes.
- Undertakes analysis and makes well-reasoned and informed recommendations to the executive and Board-level committees.
- Leads on developing strategies to keep regulators informed of progress and developments on future products (e.g. through teach-ins and regular reporting).
- Engages with regulators on a spectrum of policy issues. Advises the Head of Regulatory Affairs (and Senior Managers) on setting the agenda, tone, and content of interactions. Ensures messages are aligned across the business.
- Oversees interactions with regulatory bodies concerning their designated policy areas.
- Horizon scans, researches, and analyses regulatory developments to determine any implications for Pay.UK.
- Liaises and consults with internal and external stakeholders on regulatory policy matters, ensuring that an ongoing relationship is maintained and that the received recommendations are taken forward.
- Leads on producing compelling responses to regulatory consultations and reviews that can be shown to influence regulators for the benefit of Pay.UK.
Skills, Qualifications & Experience
- Educated to a degree level or equally relevant experience.
- Understanding of payments industry developments both UK and internationally.
- Demonstrated experience in stakeholder and relationship management within a regulated UK environment, ideally related to the payments sector.
- Demonstrated expertise in examining, crafting, and enacting policy measures, ideally gained in the domain of financial services or a comparable regulatory setting.
- Proficient in directing peers in project endeavours, promoting efficient outcomes and aiding in skill advancement.
- Sound technical understanding in relevant regulation (e.g. economic regulation, prudential regulation) and understanding of the regulatory environment and developments related either to the financial services, the payment industry, and/or other regulated markets.
- Good presentational and communication skills (both oral and written) with the ability to get messages across clearly and concisely and influence a wide range of stakeholders.
- Problem solving and analytical skills. Seeking clarity from multiple sources of information.
- Experience and understanding of the UK payments industry; Pay.UK’s payment systems and/or the UK payments regulatory framework would be preferable.
- Stakeholder and relationship management experience in a regulated environment in the UK, preferably in the payments industry.
- We would also welcome applicants with experience from another FMI and/or other markets subject to a similar regulatory framework (e.g. broader financial services; energy; telecoms etc).
At Pay.UK, we value diversity and inclusivity. We encourage all qualified candidates to apply, regardless of how closely their skills and experience match the requirements. We are committed to supporting accessibility needs and creating a welcoming environment for all employees.
About Us
Pay.UK maintains and develops the UK retail payment systems and standards that are core to the economy being able to function on a day-to-day basis. From Bacs to Faster Payments and cheques – we act as the single operator for all UK retail payments. Our vision for the future is to enable a vibrant economy, with Pay.UK delivering the best-in-class payment infrastructure and standards for the benefit of consumers and businesses nationwide.
Benefits & Additional Information
- 12% Non-contributory pension.
- Discretionary annual bonus.
- 30 days annual leave (excluding bank holidays).
- Employee assistance programme.
- Cycle to Work Scheme.
- Season ticket loan.
- Annual fitness subsidy of up to £500 per annum.
- Working from home policy - minimum 40% in the office (e.g. 2 days in the office over a 5 day working week).
- We are a Disability Confident Committed Employer.
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