Open Finance Industry Engagement Specialist (Fixed Term Contract until End March 2026)
Open Banking and Open Finance have potential to be key drivers of growth and competition in the UK financial services sector and have the potential to improve customers’ financial lives and fight crime.
In our 2025-2030 strategy, we have committed to building on the success of Open Banking and launch Open Finance to increase the pace of change to deliver innovation and competition, greater flexibility and lower costs to consumers.
We have set up a new department to increase our focus in this area. Our work is focussed on working with industry to develop use cases for open finance and designing policy that will establish a sustainable and competitive footing to empower consumers with choice. Our vision is for the open banking ecosystem can grow beyond the current functionalities, extend across different financial services sectors for open finance and bring greater competition and choice while boosting innovation and growth.
What you will be doing
Your role is to help progress a key strategic priority for the FCA – opening up and enabling the sharing of consented consumer data from different financial services providers to make consumers’ lives easier, increase choice and allowing for easy-to-access, personalised support
You will be a Technical Expert for chairing and leading engagement with industry stakeholders on open finance. This involves regular engagement with open finance data holders and users including banks, credit reference agencies, FinTechs, trade bodies/associations, insurance firms, consumer investment providers etc. This involves being able to translate complex technical concepts to non-technical stakeholders
To deliver industry policy sprints for prioritised open finance use cases through collaborative working with the Open Finance and Banking Policy managers and the Smart Data Accelerator team in Innovation
The successful candidate will take on responsibility for project delivery and ensure the quality and robustness of evidence gathered from industry via the policy sprints allow for evidence-based policy making
What you will get from the role
This role is an exciting opportunity to work on policy and strategy central to delivering the new FCA Strategy. The role is best suited to those who are interested in working in a fast-paced, flexible environment
You will join at an exciting time, the National Payments Vision named FCA as the UK’s regulator for Open Banking and you will have the opportunity to help develop the long-term regulatory framework for Open Banking and Open Finance
This role is a unique opportunity contribute to development of Open Banking and Open Finance. Embracing opportunities for greater data sharing will make consumers’ and businesses’ lives easier, increasing choice and allowing for easy-to-access, personalised support
You will get exposure to new ideas and the opportunity to increase your knowledge and understanding of new technologies that could shape the future of financial services
Exposure to senior industry leaders in a wide range of financial services providers