Feb 132020

Non-Executive Director - The Payment Systems Regulator (the PSR)

Recruiter: Odgers Berndtson
Location: London
* Paid Role * Salary: A fee of £15,000 is offered.
Posted: 11 Feb 2020
Closes: 23 Feb 2020
Ref: 75249
Position/Level: Board
Responsibilities: Executive Management
Sector: Financial Services, Government
Contract Type: Permanent

The Payment Systems Regulator (the PSR) is the economic regulator for the £90 trillion payment systems industry in the UK. Independently accountable to Parliament, the PSR has its own management structure and board charged with strong competition and regulatory powers.

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.

In a fast-moving environment, the PSR challenges the industry to adapt by supporting innovation and improving competition, so that the UK benefits from world-leading payment systems. It encourages collaboration to help solve problems and, when necessary, takes difficult decisions and use its powers.

The PSR is seeking a non-executive director to join its board in 2020.

The role

As a non-executive member of the board, main responsibilities include:

  • Helping to develop the strategic direction of the PSR, and ensure the organisation complies with good governance practices
  • Providing constructive challenge and support to the executive team, and monitoring the performance of the organisation in meeting agreed goals and objectives
  • Maintaining high-level relations with the PSR’s stakeholders, including the Financial Conduct Authority, the financial services industry, consumer bodies, government, MPs, the media and employees

The individual

The successful candidate will bring knowledge of the payment ecosystem and an appreciation of new payments business models.

They will also bring:

  • Proven ability to help shape strategy, ensure robust governance arrangements and monitor performance
  • Ability to grasp complex issues quickly, think strategically, and exercise good judgment
  • Strong communication and inter-personal skills, with the ability to convey ideas clearly and concisely

Application deadline is midnight Sunday 23rd February 2020.

Downloadable Content

How to apply

In order to apply, please submit a comprehensive CV along with a covering letter which sets out your interest in the role and encapsulates the aspects of your experience relevant to the required criteria.

Please also include the names and addresses of three referees. Referees will not be approached until the final stages and not without prior permission from candidates.

The preferred method of application is online at: www.odgers.com/75249

All applications will receive an automated response.

All candidates are also requested to complete an online Equal Opportunities Monitoring Form which will be found at the end of the application process. This will assist the PSR in monitoring selection decisions to assess whether equality of opportunity is being achieved. Any information collated from diversity monitoring forms will not be used as part of the selection process and will be treated as strictly confidential.

Personal data

In line with GDPR, we ask that you do NOT send us any information that can identify children or any of your Sensitive Personal Data (racial or ethnic origin, political opinions, religious or philosophical beliefs, trade union membership, data concerning health or sex life and sexual orientation, genetic and / or biometric data) in your CV and application documentation. Following this notice, any inclusion of your Sensitive Personal Data in your CV/application documentation will be understood by us as your express consent to process this information going forward. Please also remember to not mention anyone’s information or details (e.g. referees) who have not previously agreed to their inclusion.

Contact details

For a conversation in confidence, please contact:

If you have any comments and/or suggestions about improving access to our application processes please don't hesitate to contact us response.manager@odgersberndtson.com.

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