12 months Fixed Term Contract (possibility of temp to perm)
Salary will be slightly higher for candidates with Financial Services experience
The Financial Reporting Council (FRC) is responsible for promoting transparency and integrity in business. We are the UK Competent Authority for audit and set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. Further information about the role of the FRC can be found at www.frc.org.uk.
The Department for Business, Energy and Industrial Strategy (BEIS) and the FRC are working together to set up a UK Endorsement Board to take forward the work of influencing the development of international standards. Key aspects of the work of the UK Endorsement Board will be to influence and contribute to the development of International Financial Reporting Standards (IFRS), assessing them for adoption in the UK and ensuring that they are fit for purpose for use by UK companies.
This role provides an exciting opportunity to be part of the team being set up to support the work of the UK Endorsement Board to assess IFRS for application by UK entities, influence the development of IFRS and undertake thought-leadership activities to contribute to the international development of financial reporting. This Board is currently being established and is likely to be operational in late 2020.
There are a number of roles at this level and applicants with a diverse range of backgrounds, with an interest in IFRS will be considered for this role. However, we are particularly interested in inviting applicants with financial services, insurance or investment analyst backgrounds.
The role involves delivering allocated projects. This may include projects that are part of the IASB’s due process, involve the assessment of new or amended IFRS for UK endorsement or research projects. Projects (unless very small) are usually allocated to a small team, which the Project Director will be expected to manage.
Other duties will include:
- Developing a project plan with key milestones and clearly set responsibilities.
- Co-ordinating and reviewing the work of allocated project teams
- Engaging with the international debate, analysing the IASB’s proposals and decisions, identifying any issues and concerns, and developing solutions, together with relevant technical arguments to support your analysis.
- Gathering evidence and assessing stakeholders’ views on the project e.g. by performing desk-based research on the existing material, outreach with stakeholders and other standard setters, using formal and informal means as appropriate. This may include presentations to stakeholders.
- Preparing and presenting high-quality technical papers for the EB, discussing with project team and Technical Director, and revising as appropriate, within project deadlines.
- Developing draft comment letters and draft Endorsement Criteria Assessments for input from Endorsement Board and for public comment.
- Preparing impact assessments and Feedback Statements, as appropriate to the stage of the project.
- Arranging for publication of documents.
A relevant professional qualification and at least five years post qualification experience are required. The ideal candidates will have:
- Good knowledge of the financial reporting environment of listed companies and a keen interest in IFRS.
- Ideally, experience in technical accounting work or standard-setting or the ability to demonstrate a clear interest in these activities.
- Superior written and communication skills.
- Ability to create and maintain key external relationships.
- Ability to interact effectively and respectfully with stakeholders.
- Ability to analyse competing positions and develop practical solutions.
- Ability to work as part of a team and deliver to tight deadlines.
The office is based in our Central London Office. The team is working from home in the current environment. Once current restrictions are lifted to allow return to the office, there is an expectation of a minimum of 3 days per week in our central London office.
Rewards and benefits
- The FRC offers competitive remuneration packages, including 30 days annual leave plus ability to buy extra leave
- The FRC has a strong work/ life balance ethos.
The FRC believes that equality of opportunity and diversity is important in the work that we do and we are strongly committed to being an inclusive employer. Our values of being fair and independent supports this commitment. We're a signatory to the Government's Disability Confident scheme, which means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.
Equal opportunities monitoring is an important means of demonstrating and implementing our commitment to promoting equality of opportunity and diversity. Completing our diversity form will assist the FRC to identify any barriers that prevent access to employment and career development for certain groups of people, and to develop solutions, such as action plans, new policies and practices. The form is completed on a voluntary basis and we strongly encourage all job applicants to complete it.
Please apply by emailing a copy of your CV and covering letter to the FRC Recruitment team at [email protected]. In the covering letter, please set out, by reference to the person specification above, how you meet the required skillset. In addition, please
- confirm that you have the right to work in the UK,
- confirm your current package and benefits, and
- tell us where you heard about this job.
Please note that we can only accept applicants who have the right to work in the UK.