Regulatory Engagement and Policy Analyst

Regulatory Engagement and Policy Analyst, Permanent, Hybrid, London

 

The Regulatory Engagement and Policy Analyst should ensure delivering consistency of message and effective outcomes with regulators.

The jobholder will assist in preparing colleagues for regulatory meetings through drafting high-quality briefings, will attend many of those meetings, keep track of arising actions and the regulatory deliverables for the business. 

The jobholder will support Policy Managers in the Regulatory Affairs team to advise colleagues about regulatory outcomes, which will include explaining regulatory obligations, coordinating and challenging colleagues’ responses to questions from regulators, and reviewing submissions to our regulators.

 

Key Accountabilities

 Engagement with the regulators: The jobholder will need to support the team to develop a positive relationship with our regulators, seeking to understand upcoming requirements, identifying themes and concerns, and feeding this back to the organisation.

• Supporting colleagues’ regulatory engagement: Our executive directors, Board members, and other colleagues all have regular engagement with the regulators. The jobholder will draft high-quality briefings for these meetings, seeking to deliver consistent and coherent messages. The jobholder will also track the outcomes of those meetings, including following up on actions and flagging any concerns.
• Coordination of the delivery of regulatory requirements: Pay.UK deals with a wide range of regulatory actions at any one time. Working with the Regulatory Engagement Manager and Policy Managers, the jobholder will need to: assist in triaging these requirements; ensure they are understood and delivered by the relevant area in the business; provide guidance as needed on the nature of the regulatory interest; oversee the quality assurance review of responses from Pay.UK to the regulators; and track responses to ensure submission to the regulators within the agreed timescales.
• Working across the business: The jobholder will need to work closely with other Pay.UK directorates in meeting Pay.UK’s regulatory requirements.

 

Skills, Experience & Qualifications

• Educated to a degree level or equivalent relevant experience.
• The jobholder will have prior experience of: Supporting an organisation’s engagement with key stakeholders, preferably with regulators. Developing effective working relationships with internal and external stakeholders. Drafting high quality, concise documents such as briefings or papers
• The jobholders’ experience will preferably be in financial services, the payments industry, or other regulated markets, and /or public policy bodies.
• Once in role, the jobholder will be expected to develop a solid understanding of the regulatory framework for, and developments in, the payments industry.
• Problem solving and analytical skills: Collating large amounts of information, making sense of it, and presenting it in a clear and coherent fashion (e.g. for briefings for senior meetings with regulators and for reporting). Ability to quickly digest and analyse complex material, translating it into clear requirements and explaining it to various audiences.
• Written and oral communication skills: Ability to write clearly, coherently and in a concise manner that focuses on message management. Ability to present and speak confidently in front of colleagues.
• Co-ordination and task-management: Manage many actions, ensuring deadlines are met with high-quality outputs produced.
• Prioritisation and workload management: Ability to deliver a large number of actions through appropriate prioritisation and task allocation. The jobholder needs to be comfortable with a workplace where task demands vary and requires agile responses.
• Sound interpersonal skills: Ability to interact with a range of stakeholders. Ability to communicate at a senior level.
• Information management: Ability to appropriately handle highly sensitive and confidential information.
• Regulatory framework: The jobholder will need to hold, or gain, a solid understanding of the regulatory framework in which Pay.UK operates to support their responsibilities.

 

 

At Pay.UK, we value diversity and inclusivity. Research has shown that candidates from underrepresented groups may hesitate to apply unless they meet all the requirements listed. We encourage all qualified candidates to apply, regardless of how closely their skills and experience match the requirements. We are committed to supporting accessibility needs and creating a welcoming environment for all employees. Become part of our team and contribute to the creation of an inclusive work environment that values everyone's unique input.

 

About Us

Pay.UK maintains and develops the UK retail payment systems and standards that are core to the economy being able to function on a day-to-day basis.

From Bacs to Faster Payments and cheques – we act as the single operator for all UK retail payments. We put the needs of consumers and businesses at the heart of everything we do, working in the public interest to ensure that the systems the country relies on for its banking transactions are safe, open, innovative and resilient.

Our payment systems underpin the services that enable funds to be transferred between people and institutions. In 2023, the UK's retail payment systems processed 11.4 billion transactions worth £9.3 trillion through Bacs Direct Credit, Direct Debit, Faster Payments, and cheques, and our Current Account Switch Service has facilitated over 10.2 million switches since its launch in 2013.

Every day, people and businesses use the services we provide to get their salaries, pay their bills and make online and mobile banking payments. Our vision for the future is to enable a vibrant economy, with Pay.UK delivering the best-in-class payment infrastructure and standards for the benefit of consumers and businesses nationwide.

 

 

Benefits & Additional Information

• 12% Non-contributory pension
• Discretionary annual bonus 
• 30 days annual leave (excluding bank holidays)
• Private medical insurance, life assurance, income protection, health cash plan, dental insurance, Bupa medicals etc
• Employee assistance programme
• Cycle to Work Scheme
• Season ticket loan
• Annual fitness subsidy of up to £500 per annum
• Working from home policy - minimum 40% in the office (eg. 2 days in the office over a 5 day working week)

Please note:

• Benefits for FTC roles may vary
• Benefits do not apply to any consultancy roles