Head of Competition Policy
The Financial Reporting Council (FRC)’s mission is to serve the public interest by setting high standards of corporate governance, reporting and audit and holding to account those responsible for delivering them. We are] [is] the UK Competent Authority for audit. We also set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work, and monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. Further information about our role can be found at www.frc.org.uk.
The FRC’s Regulatory Standards Division is responsible for public and technical policy covering accountancy, audit, actuarial work and corporate governance and stewardship, for which we set regulatory codes and standards and develop guidance to drive high quality work in the public interest. The Division also includes the FRC Lab, which encourages high quality reporting through the development of best practice, and innovation more widely, and all of the FRC’s stakeholder engagement and communications work.
The advertised post is to join the divisional leadership team and lead the FRC’s work in developing policy for the respective area.
The Head of Competition Policy leads the team responsible for developing FRC policy on competition and choice in the UK market for statutory audit services. The focus of this work is developing policy positions to support the anticipated competition duty that Sir John Kingman and the CMA recommended that the new regulator has. The Head of Competition Policy will also provide policy advice and input to other FRC teams, the Executive Committee and FRC Board on competition matters, and plays a significant part in FRC reform, and wider reform of the audit, corporate reporting and corporate governance landscape. As well as setting the policy framework, the Head of Competition Policy will also develop a framework for assessing the effectiveness of regulatory interventions in the market and reporting on those, as well as building the capacity and experience the FRC needs to take on this expanded remit.
The successful candidate will have a strong understanding of the UK competition policy and regulation landscape, including concurrent regulation and legal framework. An understanding of enablers of quality and competition in audit/ professional services, and how to meet the needs of stakeholders is also important. They will have excellent written and oral communication skills including experience of drafting high quality, complex policy proposals and analysis and an ability to understand and articulate the costs and benefits of policy positions and to make robust decisions supported by evidence. They will have an ability to demonstrate strategic leadership and influence at a senior level.
The roles are based in our Central London Office. The post holder should be able to work flexibly to support the team’s activities and also provide cover within the FRC as necessary.
Rewards and benefits
- The FRC offers competitive remuneration packages, including 30 days annual leave plus ability to buy extra leave.
- Generous employer pension contribution of 10%.
- Staff Employee Assistance Programme including confidential counselling and work life services.
- Values in Practice Scheme, rewarding performance against our values and behaviours.
- The FRC offers staff the opportunity to save at least 25% on the purchase of a new bike through the Cycle to work scheme.
- 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.
Complete the Diversity Form here
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
- confirm that you have the right to work in the UK
- 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.