The Financial Conduct Authority (FCA) is looking for a new director of innovation, tasked with driving “engagement with technological innovation within the financial services industry while developing, new, innovative and data-led ways of regulating”.
The job advert - posted earlier this month, with a deadline at the end of November - states that the newly-created role will have a large impact on the FCA and the achievement of its objectives through helping build approaches in innovation, FinTech, RegTech, advanced analytics and data.
“There will be a significant opportunity to engage with external stakeholders, and the successful candidate will be expected to explain the FCA's innovation role to industry, policy makers, consumer groups and the press.
The winning candidate will report directly to the executive director of strategy and competition Christopher Woolard.
They will be responsible for the FCA's Innovate and Sandbox programmes, and for facilitating and monitoring the adoption of new technology – liaising between the FCA and firms.
The FCA expects the new director to have experience within the tech or FinTech sectors, with a demonstrable understanding of the UK and international tech industry. Desirable criteria include a comprehensive understanding of the FCA's regulatory framework and its relationship to relevant and rapidly evolving technologies and financial services products.
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