Associate - Compliance Monitoring - 9 month FTC
Associate - Compliance Monitoring - 9 month FTC
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Job Description
Compliance Analyst 9 Month Fixed Term Contract
Department Compliance Monitoring
Salary 47000 to 60000 per annum (Salary offered will be based on skills and experience)
About the PSR
Every time anyone uses a cash machine transfers money uses contactless or gets paid they use a payment system. Payment systems are always evolving and the PSR is here to make sure they work well for everyone. Follow this link to find out more About The PSR
The PSR is an independent economic regulator led by interim Managing Director David Geale. Operationally the PSR is an independent subsidiary of the Financial Conduct Authority (FCA) however in March 2025 the Prime Minister announced that the PSR would be consolidated mainly into the FCA a pragmatic next step in simplifying regulation of payments. This transition will likely take some time and will follow consultation and the Government has been clear that payment systems must continue to be effectively regulated. For the time being therefore the PSR continues to focus on delivering its important and impactful programme of work.
Supervision Compliance Monitoring Department
The PSR is covering larger and more complex areas of work than ever before. Through active monitoring supervision and enforcement we will make sure people and businesses can continue to have confidence in the payment systems they use every single day.
The Supervision and Compliance Monitoring (SCM) Division is responsible for ensuring that the PSRs regulatory requirements are complied with and improving outcomes for everyone that uses payments systems by understanding and challenging poor practice within firms. The SCM Division was established in June 2023 and carries out three main functions:
Supervision: develops relationships with those we regulate to understand how they take decisions manage risk and deliver the right outcomes for users of payments systems
Compliance Monitoring: focuses on ensuring compliance with the PSRs directions requirements and regulations through the gathering of evidence fieldwork and data analysis. We use this knowledge to ensure that any noncompliance is quickly resolved and to decide if formal regulatory intervention is more appropriate
Enforcement: investigates potential breaches of our directions requirements and regulations with the power to impose fines and publish details of identified breaches
What will you be doing
We are recruiting for a Compliance Analyst to work in our Compliance Monitoring team within the PSRs new Supervision and Compliance Monitoring (SCM) Division. You will work alongside colleagues to establish and maintain the PSRs compliance framework monitoring how both payment system operators and participants in payment systems comply with our regulations and directions including making decisions on how to improve poor compliance where identified.
Key Responsibilities include:
Support the Lead Associate in developing and implementing a monitoring strategy for organisations regulated by the PSR
Own the communications and interactions with firms where poor performance is identified
Ensure that we maintain high standards of accountability and transparency
What will you get from this role
You will be working in an area that is high profile in the PSR which means the work that you do can affect everybody in the UK that has a bank account.
This will include working to ensure that people can receive help and refunds if they fall for a scam ensuring financial security for these people.
You will also have the opportunity to work with teams across the PSR. The experience that you will gain in this role is useful as it is similar but slightly different to roles within the FCA. This means that even though it is a fixed term contract it can potentially open doors to future opportunities across the FCA/PSR.
Which skills are required
We are Disability Confident; therefore disabled people or individuals with longterm conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. (To learn more about the Disability Confident Scheme Click Here)
Minimum
Proven experience of working in supervision (at a regulator) or investigations compliance/audit department ideally within the financial services sector
Proven experience in effective stakeholder management demonstrating the capability to build and develop strong relationships colleagues and firms
Essential
Support and move forward investigations or projects involving large volumes of information
Ability to act confidently within the legal framework under which key decisions are made and to understand and manage legal and other risks
The ability to deliver work effectively through periods of change; dealing with ambiguity and managing multiple priorities effectively
Proven experience of decisionmaking and the ability to take ownership of work. This includes the need to balance analytical rigour and pragmatism while exercising excellent judgement
Communicate clearly with experience of making oral and written presentations
Excellent Excel skills
Experience of managing your own workload with the aim to grow and support more senior stakeholders
Proven experience of analysing large amounts of information and producing summaries which make conclusions and draw out key findings
Our Values & Diversity
We are proud to be an inclusive employer and our ambition is to cultivate a culture for all employees that respects their individual strengths views and experiences. We believe that our differences and similarities enable us to be a better organisation one that makes better decisions drives innovation and delivers better regulation.
Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.
The PSR is committed to achieving greater diversity across all levels of the organisation. Given this we particularly welcome applications from men women minority ethnic disabled and neurodivergent candidates for our Associate role.
Benefits of working at the PSR
25 days holiday per year plus bank holidays
Hybrid working (work from home up to 50% of your time)
Private healthcare with Bupa
A noncontributory Pension of at least 8%
Life assurance
Income protection
We also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package tailored to suit your lifestyle.
We welcome applications from candidates who are looking for flexible arrangements. Many of our staff work flexibly including working parttime staggered hours and job shares. We cant promise to give you exactly what you want but we can explore what might work best for both sides.
Follow this link to see what life is like at the PSR Working at the PSR
Application Support
We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible.
If you have an accessibility need disability or condition requiring changes to the recruitment process please contact your recruiter using the details below and they will be happy to discuss this further with you.
Useful Information and Timeline
This role is graded Associate Regulatory
Advert Closing Date: Tuesday 20th May Midnight
CV Review/Shortlist: Thursday 22nd May
Competency Based Interview: W/C 2nd June
Your Recruiter will discuss the process in detail with you during screening for the role therefore please make them aware if you are going to be unavailable for any date during this time.
Got a question
If you are interested in learning more about the role please contact Cameron Nunn on
Applications must be submitted through our online portal. Applications sent via email will not be accepted.
The PSR are proud signatories of the Women in Finance Charter we hold the Level 2 Carer Confident accreditation from Carers UK and we signed the Social Mobility Pledge in June 2020.
Required Experience:
IC
Employment Type
Full-Time
