9 days ago
Financial Reporting Council
Fixed Term (12 months), Full Time or Part Time
The purpose of the Financial Reporting Council (FRC) is to serve the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering them. 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 Accounting and Reporting Policy team is part of the Regulatory Standards Division, which includes all areas of the FRC that set and influence standards and codes and promote good practice, including international liaison. The Accounting and Reporting Policy team develops and implements FRC’s strategy for standards and related guidance in respect of Corporate Reporting.
There are three roles available. The roles involve delivering allocated projects that fall into the following categories:
- issuing and maintaining financial reporting standards in the UK (and Republic of Ireland), including liaison with sector-specific SORP-making bodies;
- issuing and maintaining guidance on non-financial reporting in the UK;
- issuing and maintaining other relevant corporate reporting requirements or guidance in the UK;
- monitoring and influencing relevant international corporate reporting developments either directly or working with other international standard setters and similar bodies (including IASB, EFRAG, IFASS and others), except to the extent that elements of this have been transferred to the UK Endorsement Board;
- research aimed at influencing future developments in corporate reporting; and
- undertaking due process reviews of the UK Endorsement Board.
In all cases, engaging with stakeholders to obtain their input on projects.
Educated to degree level, with a professional or post-degree qualification. For technical accounting work, a qualified accountant with significant post qualification experience.
The ideal candidates will have:
- Ability to effectively manage a number of concurrent projects.
- Strong written and communication skills.
- Ability to create, interact and maintain key external relationships with all stakeholders
- Ability to analyse competing positions and develop practical solutions.
- Ability to work as part of a team and deliver to tight deadlines.
- Committed to the objectives and regulatory principles of the FRC and to standard-setting and regulatory policy in the public interest.
- Experience in technical accounting work or standard-setting or the ability to demonstrate a clear interest in these activities.
- Experience of the technical requirements or guidance in relation to wider corporate reporting, or the ability to demonstrate a clear interest in wider corporate reporting.
- Good understanding of the accounting and reporting regulatory framework in the United Kingdom & Republic of Ireland.
- Appreciation of relevant international accounting and regulatory frameworks.
The role is based in our Central London Office, with the possibility of limited travel within the UK and internationally. 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
- 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 with a copy of your CV and covering letter. 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 14 August 2020