ºÚÁÏÕýÄÜÁ¿

We are currently recruiting a Regulatory Governance Manager for a Permanent contract. 
This role is hybrid, both working from home and in our Edinburgh hub. 

We encourage our colleagues to work flexibly between home and the hub to suit their needs and preferences, in line with our hybrid working policy.
Colleagues are able to work their hours flexibly, in line with core business hours and requirements. We also offer formalised flexible working agreements.  

The starting salary is £ £54,055.

To apply, please send a CV and cover letter to HRsupport@actuaries.org.uk by the closing date of Sunday 19 October. 
Interviews will take place in the week of 3 November.

Purpose of the job

The role will support ºÚÁÏÕýÄÜÁ¿â€™s governance in relation to its professional regulatory role. This includes acting as Secretary to its Regulatory Board and supporting the Regulatory Board’s committees, as required.

The Regulatory Board

This is a key Board of ºÚÁÏÕýÄÜÁ¿ that oversees delivery of its public interest regulatory functions, which acts independently and is subject to the oversight of the UK’s Financial Reporting Council. It currently has five different Committees that report into it, providing oversight of specific functions or areas of focus. Those are:

• Disciplinary Committee
• Practising Certificates Committee
• Designated Professional Body (DPB) Board
• Quality Assurance Scheme (QAS) Committee
• Professional Skills Content Working Group

Secretary to the Regulatory Board

Working closely with the independent Chair, this role will involve ensuring that the Regulatory Board operates effectively and in line with best practice for regulatory governance. The role holder will work with colleagues across ºÚÁÏÕýÄÜÁ¿ to ensure that the required information and reports are provided to the Regulatory Board and that all appropriate matters are brought to it for consideration. 

Lead on regulatory governance 

This role will also involve supporting colleagues with the operation of the other committees that report into the Regulatory Board and that oversee different IFoA regulatory functions. This will include championing good governance and identifying areas for more efficient working across the different committees. It will also involve taking on the role of secretary to the Disciplinary Committee and, potentially, secretariat roles for the other committees of the Regulatory Board too. 

Support to wider governance team

The role holder will also work with ºÚÁÏÕýÄÜÁ¿â€™s Corporate Secretariat team to assist with wider IFoA governance arrangements (including Council, ºÚÁÏÕýÄÜÁ¿ Board and the Board’s Committees), as required. 

Dimensions

• Financial – the role holder plays a key role in the management of the Regulatory Board aspects of the JEXRGL budget
• The role holder has potential line management responsibility.
• The role holder is responsible for the successful functioning of one of ºÚÁÏÕýÄÜÁ¿â€™s key Boards, which is subject to external oversight and public accountability. 

Principal accountabilities

Acting as Secretary to the Regulatory Board: 

• Assisting, in conjunction with the Head of Regulatory Policy and Chair, with the development of the Board’s annual priorities, including identifying, understanding and assessing public interest issues that should be addressed.
• Providing input on the annual budget for Board and regulatory governance activities and monitoring expenditure and income against this throughout the year.
• Keeping up to date with best practice in regulatory governance and ensuring the Board meets those. 
• Drafting and maintaining governance documents, including Terms of Reference, and external and internal policy and procedure documents.
• Drafting the Board’s public annual report.
• Advising the Board on reporting and governance requirements and presenting papers to the Board on governance matters.
• Maintaining forward work plans and a forward agenda for the Regulatory Board and drafting agendas for the Board’s meetings.
• Ensuring that the Board operates in line with best practice around transparency (including suggesting appropriate redactions and publication schedules).
• Flagging and managing conflicts of interest that arise.
• Ensuring that Board membership requirements are met and steps taken to address any issues, including working with the independent Regulatory Appointments Committee to ensure that Board vacancies are filled effectively and timely. 
• Leading on Board member induction.
  Identifying Board training and development needs and organising relevant Board member training.
• Assisting the Chair with Board performance monitoring, including annual reviews and effectiveness surveys.
• Reviewing and approving Board member expenses within approval limits
• Engaging with external service providers in relation to contracts and delivery of services, as needed.
• Liaising with our oversight body, the FRC on Board-related oversight activities and the working relationship with the Board.

Oversight of regulatory governance across Regulatory Board committees: 

• Providing coordination and oversight of the governance and effective running of the Board’s Committees to ensure there is consistency in approach and that resources are used as effectively as possible. 
• Engaging with colleagues that support the Board’s sub-committees to ensure appropriate reporting of matters to the Board. 

Secretariat to other regulatory committees:

• Acting as secretary to the Disciplinary Committee
• Potentially acting in a secretariat role for other Committees of the Regulatory Board, as required 

Support for wider governance:

• Assisting ºÚÁÏÕýÄÜÁ¿â€™s corporate secretariat team (that support ºÚÁÏÕýÄÜÁ¿ Board and Council), as required 

Main contacts

• Regulatory Policy Team
• Disciplinary Investigations Team
• Engagement and Learning Team
• Corporate Secretariat team 
• Regulatory Board Chair
• Other Regulatory Board members
• Financial Reporting Council  

Impact

The role holder will be required to provide advice and draft documentation which will determine how ºÚÁÏÕýÄÜÁ¿ discharges its public interest regulatory role. It is a role supporting one of the key Boards of ºÚÁÏÕýÄÜÁ¿ and has direct responsibilities for their effective operation, including whether they are assessed as meeting appropriate standards by our external oversight body.

Complexity

The role will involve making decisions in relation to complex policy and governance issues and will require the ability to understand and navigate sensitive and important topics.

Decisions

The role holder will be required to take decisions and exercise judgement to ensure ºÚÁÏÕýÄÜÁ¿â€™s regulatory governance is first class – reflecting the important public interest role of the Regulatory Board.  Being responsible for managing own workload and acting autonomously with minimal supervision.

Competencies 

Essential:

• Demonstrable ability to advise and support a significant Board or Committee 
• A sound understanding of governance and the operation of Boards/Committees
• An understanding of professional bodies and their governance. 
• Strong organisational skills
• Strong written and oral communication skills
• Good team worker
• Ability to foster the confidence of Board Members, including the Chair. 

Desirable:

• An understanding of actuaries and the actuarial profession 
• A qualification in Corporate Governance and/or membership of an appropriate professional body 
• Experience acting as secretary to a Board or Committee 

Additional information

This role is assigned to the Edinburgh Hub, which is based in central Edinburgh. The role is hybrid working and the successful applicant would be expected to travel to the Edinburgh Hub, as required. Currently team members meet monthly in-person and two of the Board meetings take place annually in-person in London.  Additional travel to sites in London and Oxford and to other conference / meeting locations may be required.

IFoA’s values

The role holder must be an ambassador for and demonstrate ºÚÁÏÕýÄÜÁ¿ Values in all aspects of their work.

• Member-focused: We put members at the heart of everything we do
• Action-oriented: We work hard, we work smart, and we take pride in getting things done, valuing action over perfection
• Forward- and outward-looking: We’re always looking to be bold and improve, innovate and take the next step
• Team-driven: We work in partnership, advancing together as one IFoA

Alternative format and adjustments

Please email the HR Team if you require:

• any information regarding our vacancies in an alternative format
• any adjustments to support you to fully participate in any part of the application and recruitment process

Any information shared will be used only to enable us to make reasonable adjustments to support candidates to participate in the recruitment process. It will not inform selection decisions.

You can reach us at HRsupport@actuaries.org.uk.