Policy Associate

Permanent, Full Time The Financial Reporting Council (FRC) is responsible for promoting transparency and integrity in business. We are the UK Competent Authority for audit and set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. This is an exciting time to join the FRC as it transitions into the Audit, Regulatory and Governance Authority. The Team The Corporate Governance and Stewardship team is responsible for developing, maintaining and promoting the UK Corporate Governance Code, the Wates Corporate Governance Principles for Large Private Companies and the UK Stewardship Code. The first two set out best practice standards by which companies are directed and controlled to support long-term success to achieve benefits for investors and wider society. The UK Stewardship Code promotes the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society. Companies and investors demonstrate their commitment to corporate governance and stewardship by publicly reporting on their application of the Principles of these Codes. The Role The UK Corporate Governance Code and the Wates Principles took effect 1 January 2019 with full reporting due during 2020. The new UK Stewardship Code took effect on 1 January 2020 with the first reporting in Q1 2021. Following the introduction of the Wates Principles and substantial revision of the Codes in the last two years, the team is expanding to undertake detailed monitoring and assessment of the quality of their application. You will play a key role in assessing the quality of reporting by investors in their application of the Stewardship Code, and by companies to the Corporate Governance Code and Wates Principles. Our work also includes collecting evidence to help us benchmark reporting, undertake thematic reviews and develop future policy proposals. The role involves: ·     Assessing the reporting by signatories to the UK Stewardship Code. ·     Assessing corporate governance reporting by UK listed and large private companies, drawing information from annual reports and accounts and the evaluation of reporting against Principles and Provisions. ·     Identifying best practice examples of reporting, and where improvement is required. ·     Analysing information and evidence from academic literature and relevant research. ·     Providing project support for team initiatives. ·     Inputting into both internal and external reports on reporting and corporate governance. The Person The ideal candidate will have: ·     A degree level qualification or alternative, relevant qualification, and/or have gained relevant experience in business or investment environment. ·     High quality analytical and interpersonal skills and work flexibility across projects. ·     An understanding of the benefits of corporate governance and stewardship. ·     An understanding of the basic requirements of company reports, in particular narrative reporting. ·     The ability to communicate findings of analysis accurately and succinctly both in writing and orally and make recommendations where appropriate. ·     Some project management experience. ·     The ability to determine priorities and effectively manage their workload. The role is based in our Central London 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 role is based in our Central London Office. Rewards and benefits The FRC offers competitive remuneration packages, including 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. ·      Values in Practice Scheme, rewarding performance against our values and behaviours. ·      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 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 supports 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.   Complete the Diversity Form (link is on our careers website https://www.frc.org.uk/frc-for-you/careers/vacancies). Visit our website for further information and videos on how the work that the team carry out by visiting here: https://www.frc.org.uk/frc-for-you/careers Please apply by emailing a copy of your CV and covering letter to the FRC Recruitment team at recruitment@frc.org.uk. In the covering letter, please set out, by reference to the person specification above: how you meet the required skills set confirm that you have the right to work in the UK confirm your current package and benefits, and tell us where you heard about this job The closing date for applications is 31 August 2020.

Full Time

 

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