Project Associate

Job Title: Project Associate
Location: London
Salary: 48800
Reference: POTPA
Contact Name: Lisa Newland
Contact Email:
Job Published: March 03, 2020 15:24

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

The Professional Oversight Team has statutory and non-statutory functions for oversight of the professional bodies responsible for regulation of auditors, accountants and actuaries.  This includes the independent oversight of the Recognised Supervisory Bodies (RSBs) and Recognised Qualifying Bodies (RQBs) recognised to regulate auditors, professional bodies regulating accountants and the Institute and Faculty of Actuaries.

The Role:

The role involves ….

  • assisting with the design, implementation and maintenance of an effective system of protocols and procedures for all oversight activities; including planning, delivery, recording of evidence and reporting;
  • assisting with the scoping, planning and execution of our annual regulatory oversight activities;
  • once approved, managing the execution of specific aspects of our oversight plan; such as shadowing the audit quality monitoring oversight activities at the professional bodies and reviewing the implementation of their regulatory policies and procedures;
  • carrying out research and analysis relating to the regulation of auditors, accountants and actuaries; and
  • drafting reports and papers for review for the Conduct Committee which oversees this work within the FRC.

Work is typically project based with Project Associates having the opportunity to work on a variety of projects and to take responsibility for leading aspects of the work, as delegate by and reporting to the relevant Project Managers.

The Person:

A professional audit or accountancy qualification or equivalent experience is required. A strong understanding of the audit and accountancy professions, with some experience of regulation is desirable. The ideal candidates will have:

  • Strong oral and written communication skills, including report writing
  • Excellent organisational skills and project management skills
  • Excellent analytical and problem-solving skills
  • Understanding of audit regulatory environments and the issues facing audit
  • Understanding of the Companies Act 2006, and other relevant legislation (e.g. SATCAR) and its application to auditors and audit regulation
  • Recent practical audit or systems (Pentana Vision, Retain, Microsoft Office) implementation experience

The role is 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 the 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 are 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 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.

The closing date for applications is 28 April 2020.