Enforcement – Policy Lawyer

Enforcement

Level: L4-Standard

Salary: £ 92,071.60 non-negotiable

Permanent

Closing date:   16 October 2023

The Financial Reporting Council (FRC) serves the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering them.  We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We monitor and take enforcement action where things do go wrong to ensure the proper operation of the market and confidence in the UK economy and the UK’s international reputation as a great place to do business. Further information about the role of the FRC can be found at www.frc.org.uk.

As the UK Competent Authority for audit, the FRC’s Enforcement Division conducts investigations and takes enforcement action into breaches of audit standards under the Audit Enforcement Procedure (AEP).  As the independent disciplinary body for the accountancy and actuarial professions in the UK, the Division also undertakes professional disciplinary investigations and enforcement action under the Accountancy and Actuarial Schemes (the Schemes) in cases involving accountants, accountancy firms and actuaries which raise important issues affecting the public interest in the UK.

Many of the investigations are large, complex and high-profile and our cases regularly require liaison with other investigators including the Serious Fraud Office, the Financial Conduct Authority, the Insolvency Service and the Pensions Regulator.  Examples of recent case outcomes for audit cases can be found here and for accountant and actuary cases here.

More information on the work of the Division can be found in our Annual Enforcement Review 2023.

This is an exciting time to join the FRC. The Government is currently consulting on proposed legislation to implement reforms which would see the FRC transformed into the new Audit, Reporting and Governance Authority (ARGA).  The proposed reforms include wider and more extensive enforcement powers for ARGA. 

The Role:

 To work as part of a multi-disciplinary team, alongside forensic accountants, lawyers, and legal assistants on enforcement policy issues concerning complex investigations under the AEP and the Schemes. The role will also involve collaboration and engagement with colleagues in many of the FRC’s other Divisions including the General Counsel Team.  The role will include:

  • Leading work streams which develop and implement Enforcement Policy.
  • Providing high quality advice and analysis on legal and policy aspects of cases and of Enforcement Division work in general.
  • Leading on maintenance and development of the Division’s know-how resources
  • Advising and collaborating with colleagues on identifying and addressing enforcement policy and legal issues arising from proposed legislative change.
  • As part of a wider team of FRC colleagues, working with lawyers and policy advisers from Government Departments, agencies, and professional bodies on enforcement legal and policy matters.
  • Drafting legal and policy advice papers for FRC senior management or for presentation to other Government Departments or agencies; and
  • Instructing specialist counsel when seeking advice on enforcement legal and policy issues of high complexity or risk.

The Person:

The successful candidate will be a solicitor or barrister with significant experience of public interest litigation and/or contentious regulatory law (typically in excess of six years).

Experience of advising on policy matters is desirable, for example from within Government or another regulator.

Candidates will be expected to demonstrate the following competencies: 

  • Excellent legal and analytical skills.
  • Excellent written and oral communication skills.
  • A strong intellect and good judgement.
  • Significant expertise in public and regulatory law and complex contentious proceedings.
  • Proactive and effective project management skills.
  • Determination and self-motivation to pursue matters and make fair and robust legal decisions.
  • Ability to work well under pressure and to deadlines
  • Enthusiasm for conducting important regulatory work in the public interest.
  • A good team player ethic
  • Experience of change management and the ability to adapt in the face of a changing regulatory and procedural landscape.

We welcome applicants from all backgrounds and communities, and in particular those that are currently under represented in our workforce. This includes, but is not limited to, Black, Asian and Minority Ethnic (BAME) candidates, candidates with disabilities, and female candidates.

The post holder should be able to work flexibly to support the team’s activities and also provide cover within the FRC as necessary. The FRC operates a hybrid working arrangement with its workforce, with precise arrangements to be agreed between the employee and the line manager. FRC operates a four-day fortnight in the office.

The role is based in our central Birmingham office. The post holder should be able to work flexibly to support the team’s activities and also provide cover within the FRC as necessary. The FRC operates a hybrid working arrangement with its workforce, with precise arrangements to be agreed between the employee and the line manager. FRC operates a four-day fortnight in the office.

Rewards and benefits

  • The FRC offers competitive remuneration packages, with generous benefits, and 30 days annual leave plus ability to buy extra leave
  • Generous employer pension contribution of 10%.
  • Staff Employee Assistance Programme including confidential counselling and work life services.
  • The FRC offers staff the opportunity to save at least 25% on the purchase of a new bike through the Cycle to work scheme.
  • The FRC has a strong work/ life balance ethos
  • The FRC is committed to diversity and inclusion

The FRC believes that equality of opportunity and diversity is important in the work that we do, and we are strongly committed to being an inclusive employer. Our values of being fair and independent support this commitment. We’re a signatory to the Government’s Disability Confident scheme, which means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.

Equal opportunities monitoring is an important means of demonstrating and implementing our commitment to promoting equality of opportunity and diversity. Completing our diversity form will assist the FRC to identify any barriers that prevent access to employment and career development for certain groups of people, and to develop solutions, such as action plans, new policies and practices. The form is completed on a voluntary basis and we strongly encourage all job applicants to complete it.

Please apply by following the link our website https://www.frc.org.uk/frc-for-you/careers and uploading a copy of your CV and covering letter. In the covering letter, please set out, by reference to the person specification above:

  • How you meet the required skillset
  • confirm that you have the right to work in the UK, and
  • tell us where you heard about this job

We welcome applicants from all backgrounds and communities, and in particular those that are currently under represented in our workforce. This includes, but is not limited to, Black, Asian and Minority Ethnic (BAME) candidates, candidates with disabilities, and female candidates.

The closing date for applications is 16 October 2023

Note to agencies:

The FRC has a commitment to building relationships directly with candidates and only engages with agencies who are on our preferred supplier list to support us in sourcing quality candidates. We do not accept speculative CV’s from agencies that are not on our preferred supplier list. Any speculative or unsolicited CVs which are submitted without FRC instruction will be deleted and will not be considered as an introduction.

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