Payment System Participants Supervision Analyst
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Job Summary
Job title: Payment System Participants Supervision Analyst
Department: PSR-Supervision and Compliance Monitoring
Salary: National (Edinburgh and Leeds) ranging from 43100 to 53700 and London from 47300 to 59000 (salary offered will be based on skills and experience)
This role is graded as: Associate Regulatory
Applications must be submitted through our online portal. Applications sent via social media or email will not be accepted.
About the PSR and tea
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. Follow this link to find out more About The PSR.
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 willultimately moveinto 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 Payment Systems Market Interventions (PSMI) Division helps ensure confidence in UK payment systems through monitoring supervision and enforcement. The team works to improve outcomes for payment system users by promoting compliance with regulatory requirements and challenging poor practice across the industry.
As part of the Compliance Monitoring team you will support the delivery of the PSRs supervision strategy for organisations subject to its rules and regulations. This includes overseeing compliance among banks payment service providers acquirers and other payment system participants across areas such as access to payment systems fee requirements and fraud reimbursement.
The team plays a key role in managing regulatory relationships assessing the impact of policy initiatives and understanding how the payments market responds to emerging risks and opportunities. This is an exciting opportunity to contribute to the future development of payment systems supervision within the PSR and the FCA while building productive relationships with stakeholders across the regulatory landscape.
Role responsibilities
Contributing to FCA consolidation planning and approach to supervision post legal cutover. This could include specific dedicated time to supporting the development of new ways of working and consolidating actions across the PSMI division
Managing supervisory relationships with participants in payments systems across a range of the PSRs rules and regulations
Contributing to the development and continuous improvement of the PSRs supervisory approach including by identifying emerging risks lessons learned and opportunities to enhance effectiveness
Building a deep 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 acting as a role model for PSR values and behaviours
Skills required
Minimum:
Experience in compliance and/or stakeholder relationship management roles within a supervisory monitoring or regulatory environment
Experience operating in a role requiring internal and external engagement or influence
Ability to analyse complex information identify key issues and produce clear well-reasoned written outputs including recommendations
Essential:
Understanding of supervision and regulatory frameworks including experience of the regulatory landscape public policy and knowledge of payments financial services or another regulated industry
Solid stakeholder management skills with experience building relationships and the ability to influence negotiate and collaborate across organisations
Effective communication skills with the ability to communicate clearly and persuasively both verbally and in writing
Sound judgement and decision-making ability with a steady approach when handling challenge and complexity
Effective organisational and delivery skills including a proactive approach effective prioritisation and the ability to manage competing demands and meet deadlines
Relevant casework and project experience in a compliance or supervisory function including planning and managing work to expected standards
Benefits
25 days annual leave plus bank holidays
Non-contributory pension (812% 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 of50% for senior leaders). Changing from September toa minimum of 50% in the office each month (expectation of60% for Directors andExecutive Directors)
A flexible benefits scheme designed around your lifestyle
For a full list of our benefits and our recruitment process as a whole visit our benefits page.
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 thats 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
Were 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 cases of high application volumes we may progress applicants whose experience most closely matches the roles 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 were looking for in the ideal candidate.
Webinar Details:
Tuesday 16 June 2026 from 13:00 to 14:00
Microsoft Teams meeting
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Passcode: Mf7QK7Bm
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# United Kingdom City of London
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Required Experience:
IC
