FCA to make senior consumer finance hires

The FCA is reportedly looking to make several new hires within the consumer finance space.

The roles include director of consumer finance, and retail and regulatory investigations, EMO, according to a publicly available online job advert.

The news comes after the financial services watchdog’s executive director for markets Sarah Pritchard said it expects 200 new joiners in the first quarter of 2022 earlier this month.

The FCA said the director of consumer finance will lead “a directorate responsible for the regulation of 36,000 non-bank retail lending firms, ranging from small credit brokers to credit card, point of sale finance, short-term credit, and debt management providers” and will have a “significant influence in UK financial markets”.

The competition watchdog said the new executive will also “play a key role in shaping and delivering the organisation’s transformation to into a forward looking and proactive regulator that is data led, innovative, adaptive, and assertive”.

Duties involved in the role will include leading and executing “data-led strategy to systematically assess firms” and maintaining relationships with firms, trade bodies, and consumer groups.

Prospective candidates could come from a regulatory, policy or commercial background and applications close on 13 March.

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