At a Glance
- Tasks: Manage relationships with payment system operators and enhance regulatory effectiveness.
- Company: Join a leading regulatory body ensuring smooth payment systems in the UK.
- Benefits: Enjoy 25 days 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 on the future of payment systems and user experiences.
- Qualifications: Experience in compliance or regulatory roles and strong relationship management skills.
Department: PSR - Payment Systems Market Interventions
Salary: National (Edinburgh and Leeds) ranging from £53,800 to £59,800 and London from £59,200 to £69,000 (salary offered will be based on skills and experience)
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 led by interim Managing Director, David Geale – who is also FCA Executive Director, Payments and Digital Finance. 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, a pragmatic next step in simplifying regulation of payments. 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 Services Market Intervention Department (PSMI) you are applying to join will ultimately move into the FCA when the new legislation takes effect. Candidates should be aware, therefore, that there may be changes to their responsibilities as consolidation into the FCA progresses.
The PSMI division helps maintain confidence in UK payment systems through supervision, monitoring and enforcement. The division monitors compliance, addresses emerging risks and drives better outcomes for users of payment systems. 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
- Managing the active supervisory relationship with one or more payment system operators designated to the PSR’s oversight
- Contributing to the development and continuous improvement of the PSR’s supervisory approach, including by identifying emerging risks, lessons learned and opportunities to enhance effectiveness
- Building a clear understanding of supervised firms, including their operating environments, business strategies and governance arrangements
- Using this understanding to contribute to robust regulatory assessment and the delivery of improved outcomes for users of payment systems
- Building effective working relationships with key internal stakeholders and teams whose work is material to supervision
- Contributing to FCA consolidation planning and approach to supervision post legal cutover
- Promoting a culture of collaboration, inclusion and learning within the Supervision team, acting as a role model for PSR values and behaviours
Skills required
Minimum:
- Relevant experience in casework, 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
Essential:
- A demonstrable understanding of supervision and the role it plays in delivering effective and proportionate regulation
- Casework experience, gained through a compliance or supervisory function
- Experience developing and maintaining strong, effective relationships, with the ability to influence, negotiate and collaborate across organisations
- Ability to communicate clearly and persuasively, both verbally and in writing, on complex issues
- Evidence of sound judgement, decision making capability and resilience when faced with difficulty
- A proactive and organised approach to work, with the ability to prioritise effectively and manage competing demands
- Effective project management and planning skills, including the ability to meet expected standards and deadlines
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 (expectation of 50% for senior leaders). Changing from September to a minimum of 50% in the office each month (expectation of 60% for Directors and Executive Directors)
- A flexible benefits scheme designed around your lifestyle
Our values and culture
Our colleagues are the key to our success as a regulator. 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. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation and delivers better regulation.
If you require any adjustments due to a disability or condition, your recruiter is here to help - reach out for tailored support. We welcome diverse working styles and aim to find flexible solutions that suit both the role and individual needs, including options like part-time and job sharing where applicable.
Disability confident: our hiring approach
We’re proud to be a Disability Confident Employer and therefore, people or individuals with disabilities and long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. In cases of high application volumes we may progress applicants whose experience most closely matches the role’s key requirements.
Useful information and timelines
Timeline:
- Job advert closes: Midnight, 22nd June 2026
- CV Review/Shortlist: 24th June 2026
- Interview: w/c 29th June 2026
Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time.
Want to learn more before applying?
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.
Webinar Details:
Tuesday, 16 June 2026 from 13:00 to 14:00, Microsoft Teams meeting
Join: https://teams.microsoft.com/meet/353601493804443?p=in4Hmyf3qgH4WrNHlAMeeting ID: 353 601 493 804 443 Passcode: Mf7QK7Bm
Need help? | System reference
Dial in by phone +44 20 3321 5238,,757514082# United Kingdom, City of London
Find a local number Phone conference ID: 757 514 082#
Senior Associate - Payment Systems Supervision employer: PSR Limited
As a Senior Associate in Payment Systems Supervision, you will join a dynamic team at the PSR, where your contributions directly impact the effectiveness of payment systems across the UK. With a strong commitment to employee development, a diverse and inclusive work culture, and an attractive benefits package including generous leave and flexible working arrangements, the PSR offers a rewarding environment for professionals seeking to make a meaningful difference in the regulatory landscape. Located in vibrant cities like London, Edinburgh, and Leeds, you will enjoy both professional growth and a fulfilling work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Associate - Payment Systems Supervision
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We think you need these skills to ace Senior Associate - Payment Systems Supervision
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
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How to prepare for a job interview at PSR Limited
✨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 PSR Limited.
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✨Show Your Passion for Finance
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✨Network with Industry Professionals
Before your interview, reach out to current or former PSR Limited employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
