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Job Details

Technical Specialist - Economist 1111630
Policy London
Permanent 27 Nov 2018

Technical Specialist Economist

The Role

We're looking for an experienced economist to join our Regulatory Policy and Strategy team in an exciting new role. The role of an Economic Technical Specialist at the PSR is a dynamic and varied one, providing economic input on a range of policy issues and the role holder must be comfortable presenting ideas to non-economists and senior staff. Our Regulatory Policy & Strategy team is composed of economists, technical payments experts and policy specialists. You'll also work with colleagues from the legal, communications and operations teams.

Key roles and responsibilities:

  • Ensure decisions and recommendations are underpinned by robust economic analysis and evidence
  • Provide expert economic advice to a range of internal stakeholders as required within the PSR and engage with external stakeholders as PSR economic expert
  • Articulate complex matters in a straightforward manner for non-technical stakeholders
  • Contribute to, and lead on, aspects of the PSR regulatory and policy strategy to deliver the objectives of the PSR
  • Ensure the sharing of information, knowledge and learning across the rest of the PSR and FCA
  • Manage the preparation of high-quality policy papers for senior management and Board approval, public consultation and external communication (e.g. drafting, governance, consultation, rule-making, etc.)
  • Consider the analysis of failures in the markets for payment systems to form a view on the regulatory interventions that may be warranted
  • Advise on applying the PSR's concurrent competition powers
  • Produce or advise on cost-benefit analyses (CBAs) for new policy proposals

About you

Minimum

We're a signatory to the Government's Disability Confident scheme. This means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role. A minimum criterion needs to be measurable from reviewing a candidates CV.

  • A postgraduate qualification in economics or a related discipline
  • Significant expertise or experience in one or more of these areas: economic regulation, competition policy or the economics of networks
  • Strong background in microeconomics, ideally industrial organisation with skills and experience around economic regulation, promotion of competition and antitrust
  • Experience on regulatory projects such as market studies, investigations, actions and appeals or similar

Essential

  • The ability to represent the organisation as a credible expert on the economic regulation of markets internally and externally
  • Excellent analytical and problem-solving skills. Must be able to challenge the analysis performed by technical experts
  • Excellent stakeholder management skills - a readiness to listen and political nous
  • Excellent written and oral communication skills, including the ability to distil complex issues into succinct messages and present confidently to a variety of internal and external stakeholders
  • An understanding of the wider impact of regulation on consumers and businesses, and the ability to look at issues from the perspective of the consumer
  • An ability to identify and exercise judgement in collaboration with a multi-disciplinary team, including economists, lawyers, payment specialists as well as policy advisors
  • Strong relationship and influencing skills and an ability to work collaboratively at senior levels internally and externally
  • Excellent prioritisation skills with the ability to define priorities and provide a quality contribution where it is most needed
  • Excellent reporting skills to prepare and present Board level communications authoritatively

Desirable

  • Experience of other economic regulated sectors
  • An excellent understanding of competition law/economics
  • An up-to-date understanding of the regulatory developments in the UK payments landscape and knowledge of the Payment Systems Regulator
  • Familiarity with the key stakeholders in the UK payments landscape

About Us

We all use payment systems every day to receive our pay, withdraw money, settle bills or manage our savings. We depend on them to make these things happen safely, quickly and cheaply. As an economic regulator - the Payment Systems Regulator's (PSR) job is to make sure these systems enable competition and innovation in a way that benefits us all.

As well as being the first - and only - economic regulator of payment systems anywhere in the world, we're also a concurrent Competition Authority. We're a subsidiary of the FCA but are fully independent, with our own managing director and board. We're funded by the payments industry and are directly accountable to Parliament.

We were created in 2014 because there was a need to change things in the payments industry, to get the benefits of competition and new technology while making sure everybody who depends on payment systems gets a secure, reliable service. This is embodied in our vision, and in the statutory objectives we were given in the Financial Services (Banking Reform) Act 2013 (FSBRA).

The PSR's Values & Diversity

In order to represent the people and organisations that we serve, we are committed to building and sustaining a diverse and inclusive workplace. Our commitment includes disability, ethnicity, LGBT and gender identity through to mental health and social mobility issues.

As an inclusive employer, we are open to considering flexible working arrangements. Please contact our recruiter if you wish to apply for this role on a flexible basis.

Useful Information

  • This role is graded Technical Specialist POL D1
  • The salary range will be approximately, 65,000 to 95,000 GBP plus a competitive benefits package and non-contributory pension
  • Applications for this role close on Monday 10th December 2018

If you are interested learning more about the role:

For internal applications, please contact Lara Booth on Lara.Booth@fca.org.uk

For external applications, please contact Tanzina Begum on Tanzina.Begum@resourcesolutions.com

Please note, applications must be submitted through our online portal. (We are unable to accept applications sent via email)