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Competition Policy Project Associate

Job Title: Competition Policy Project Associate
Contract Type: Permanent
Location: London
Industry:
Salary: £48,800
Reference: CPPA
Contact Name: Lisa Newland
Contact Email: recruitment@frc.org.uk
Job Published: February 13, 2020 11:48

Job Description

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.

Sir John Kingman’s independent review of the FRC recommended that the new audit regulator, ARGA (the Audit Reporting and Governance Authority) should have a competition objective. The Competition and Markets Authority has reported to the Secretary of State for Business, making proposals to increase competition and choice in the UK statutory audit market. The FRC will provide support to the Department for Business, Energy and Industrial Strategy to develop policy, which will ultimately lead to legislation which creates ARGA and sets its powers and obligations. This work will sit within the Audit and Assurance Team, which is responsible for the FRC’s work to develop public and technical policy in respect of audit.

The Role:

The role is a new role, and it is envisaged that it will involve:

  • Supporting the development of the FRC’s competition policy thinking and providing support to a growing team to get to the right outcome in broadening competition and choice in the UK statutory audit market, in a way that will deliver high quality audit in the public interest;
  • Supporting the development of powers for ARGA what will allow it to address the Kingman recommendations relating to competition; and
  • Undertaking analysis and research to support the development of public policy positions for consideration by the FRC leadership, and for communication with wider stakeholders.

Over time, the role will transition from supporting policy development to supporting delivery of the new regulator’s competition objective and monitoring and reporting against that.

 

The Person:

A relevant degree and/or professional qualifications, or equivalent experience in professional services, business analysis, policy development or a regulatory field are required.

The ideal candidates will have knowledge and expertise in some or all of the following areas:

  • Understanding of UK competition policy and regulation landscape.
  • Understanding of enablers of quality and competition in audit/ professional services, including how corporate or professional services firms’ business models are developed, measured and monitored.
  • Ability to assimilate complex information and identify themes and to learn quickly about new topics and develop expertise.
  • Excellent written and oral communication skills.
  • Strong analytical  and data gathering skills – able to develop evidence to support policy making
  • Determination and self-motivation to pursue matters and make robust decisions.
  • Strong project and time management skills
  • Excellent IT skills (particularly Excel and Word)

The role is based in our Central London Office. The post holder should be able to work flexibly to support the developing needs of a changing role that will include policy development, research and ultimately policy implementation.

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.

Complete the Diversity Form here


Please apply by emailing a copy of your CV and covering letter to the FRC Recruitment team at recruitment@frc.org.uk. 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
  • 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.