At a Glance
- Tasks: Oversee payment systems and ensure compliance with regulations while managing key relationships.
- Company: Join a leading regulatory body focused on improving payment systems for everyone.
- Benefits: Enjoy 25 days of leave, private healthcare, and a flexible benefits scheme.
- Other info: Diverse and inclusive culture with excellent career growth opportunities.
- Why this job: Make a real impact in the evolving world of payment systems and regulation.
- Qualifications: Experience in compliance or regulatory roles and strong stakeholder management skills.
The predicted salary is between 53800 - 62733 £ per year.
This role is graded as: Senior Associate - Regulatory - PSR.
About the PSR and team:
Every time anyone uses a cash machine, transfers money, uses contactless, or gets paid, they use a payment system. Payment systems are always evolving and the PSR is here to make sure they work well for everyone.
The PSR is an independent economic regulator. Operationally the PSR is currently an independent subsidiary of the Financial Conduct Authority (FCA), however in March 2025 the Prime Minister announced that the PSR would be consolidated into the FCA. This transition will likely take some time and will follow a Government consultation, although the Government has already been clear that payment systems must continue to be effectively regulated. For the time being, therefore, the PSR continues to focus on delivering its important and impactful programme of work, collaborating closely with the FCA.
The Payment Systems Market Interventions (PSMI) Division helps maintain confidence in the UK's payment systems through proactive supervision, monitoring and regulatory oversight. The team works to improve outcomes for payment system users by promoting compliance, challenging poor practices and addressing emerging risks across the sector.
The Supervision team oversees key payment systems, including Faster Payments, LINK, Visa, Mastercard and, following legal cutover, systems such as Open Banking. Supervision plays a vital role in managing regulatory relationships, assessing market developments and ensuring regulatory interventions deliver positive outcomes.
Role responsibilities:
- Contributing to FCA consolidation planning and approach to supervision post legal cutover.
- Managing supervisory relationships with participants in payments systems across a range of the PSR’s rules and regulations.
- Contributing to the development and continuous improvement of the PSR’s supervisory approach.
- Building a clear understanding of firms in their markets, including their operating environments, business strategies and governance arrangements.
- Building effective working relationships with key internal stakeholders and teams whose work is material to supervision.
- Promoting a culture of collaboration, inclusion and learning within the PSMI division.
Skills required:
- Demonstrated experience in compliance and/or stakeholder relationship management roles within a supervisory, monitoring or regulatory environment.
- Experience operating in a role requiring significant internal and external engagement or influence.
- Ability to analyse complex information, identify key issues and produce clear, well-reasoned written outputs including recommendations.
- Demonstrable understanding of supervision and its role in delivering effective, proportionate regulation.
- Experience developing and maintaining effective stakeholder relationships.
- Effective verbal and written communication skills.
- Sound judgement, decision-making ability and professionalism.
- Solid project management and planning skills.
- Knowledge of the regulatory landscape and public policy relating to economic regulation or competition.
Benefits:
- 25 days annual leave plus bank holidays.
- Non-contributory pension (8–12% depending on age) and life assurance at eight times your salary.
- Private healthcare with Bupa, income protection and 24/7 Employee Assistance.
- 35 hours of paid volunteering annually.
- Hybrid model where employees work a minimum of 40% in the office each month.
- A flexible benefits scheme designed around your lifestyle.
Our values and culture:
We are committed to fostering a diverse and inclusive culture: one that’s free from discrimination and bias, celebrates difference and supports colleagues to deliver at their best.
If you require any adjustments due to a disability or condition, your recruiter is here to help.
Useful information and timelines:
Job advert closes: Midnight, 22nd June 2026.
CV Review/Shortlist: 24th June 2026.
Interview: w/c 29th June 2026.
Join our upcoming webinar on Tuesday, 16 June 2026 from 13:00 to 14:00, to hear directly from our hiring team about this role, our company culture and what we’re looking for in the ideal candidate.
Payment System Participant Supervision - Senior Associate in London employer: Payment Systems Regulator
The PSR is an exceptional employer, offering a dynamic work environment in Edinburgh or Leeds where you can contribute to the vital regulation of payment systems. With a strong commitment to employee growth, a diverse and inclusive culture, and generous benefits including a non-contributory pension and private healthcare, the PSR fosters collaboration and innovation, ensuring that every team member can thrive while making a meaningful impact on the financial landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Payment System Participant Supervision - Senior Associate in London
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We think you need these skills to ace Payment System Participant Supervision - Senior Associate in London
Some tips for your application 🫡
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How to prepare for a job interview at Payment Systems Regulator
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Payment Systems Regulator.
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