Project Director - FTC - 6 months -Actuarial Regulation Team (10424)

job description

The Financial Reporting Council (FRC) mission is to serve the public interest and support UK economic growth by upholding high standards of corporate governance, corporate reporting, audit and actuarial work. We are 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.

We are seeking a Project Director FTC to join the FRC’s Actuarial Regulation Team.

The successful candidate will work with the Director of Actuarial Regulation, Senior Project Directors and other Project Directors in the team to deliver the objectives in our annual strategy and plan. This includes

- developing the technical actuarial standards and guidance in the UK

- assessing the effectiveness of the technical actuarial standards through our monitoring programme

- providing actuarial expertise to the wider FRC such as in disciplinary cases, the oversight of the IFoA, and the actuarial aspects of audit quality inspections.

The FRC is the home of independent actuarial regulation, and this is an excellent opportunity to influence actuarial regulation and to help shape the actuarial profession. 

The person

The candidates are likely to be Fellows of the IFoA and have significant post qualification experience, including experience of financial reporting. They are likely to have operated at a senior level in a consulting, in house, management or regulatory role. A strong understanding of what drives high quality actuarial work is key to this role.

The Project Director should have deep technical knowledge of the insurance sector, preferably on the life insurance side. Knowledge in climate risk and artificial intelligence are desirable but not essential. 

The Project Director will also

- possess strategic knowledge of developments and issues affecting their sector

- have externally acknowledged technical expertise in their field

- be able to engage credibly with senior actuarial practitioners and other senior stakeholders

- possess knowledge of the standards and guidance issued by the IFoA to its members, and of the IFoA’s education, CPD, competence and disciplinary regimes

- have strong oral and written communications, including strong presentation skills and experience of speaking to challenging audiences

- have strong analytical skills to be able to distil large amounts of information and identify key points

- be able to learn from colleagues in other practice areas, or work with colleagues from other operating units providing specialist input to cross-unit activities

- be able to take ownership and responsibility for timely delivery of high quality projects

- be able to work collaboratively in a team environment and also to work independently when required.

Please apply by following the link our website https://www.frc.org.uk/frc-for-you/careers and uploading a copy of your CV and covering letter as a single document upload. In the covering letter, please set out, by reference to the person specification above how you meet the required skillset.

How you meet the required skillset

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Rewards and benefits

- The FRC offers remuneration packages, including 30 days annual leave, ability to buy extra leave.

- Generous employer pension contribution of 10%.

- Staff Employee Assistance Programme including confidential counselling and work life services.

- 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. 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 FRC is a Disability Confident Employer and we welcome applications under the Guaranteed Interview Scheme from disabled people as defined by the Equality Act 2010 that meet the minimum requirements for the role. To learn more about the Disability Confident Scheme Click Here

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 role is based in our central Birmingham 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. The FRC operates a hybrid working arrangement with its workforce. The FRC operates a hybrid working arrangement, with a expectation that 40% of a person's working time will be located at one of our offices per week, with precise arrangements to be agreed between the employee and the line manager.