About the FRC

The purpose of the Financial Reporting Council (FRC) is to serve the public interest by setting high standards of corporate governance, reporting and audit and holding to account those responsible for delivering them. The FRC is the UK Competent Authority for audit.  We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work, and influence the development of international standards. We also monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. Further information about our role can be found at www.frc.org.uk.

From 2021, the Board is supported in its oversight of work and decision-making by three Board Committees: the Regulatory Standards and Codes, the Conduct and the Supervision. In addition, the Executive and the Board Committees are assisted by Senior Advisors and an Advisory Panel formed of subject matter experts.

The Positions

The FRC is looking to recruit new Advisory Panel Members:

Accounting and Reporting Policy

With technical accounting specialism in UK and Ireland accounting standards and their application.

With significant practical experience of the application of UK and Ireland accounting standards.

With significant experience of ESG reporting.

Actuarial Policy

With significant practical actuarial experience in investment within the sectors of pensions and insurers;

With significant technical actuarial expertise in healthcare;

With significant experience in application of Artificial Intelligence in particular Machine Learning in actuarial work;

With significant experience in application of actuarial techniques in climate related issues; 

With significant technical actuarial expertise in pensions, typically over 15 years of experience as a Scheme Actuary or advising pension schemes;

With significant technical actuarial expertise in general insurance, in particular personal lines experience

Corporate Reporting and Review

With Board level practical experience of applying accounting and reporting requirements in the preparation of annual and interim reports and accounts of listed and other corporate entities. This includes good understanding of international accounting standards and other reporting requirements that drive high quality strategic and corporate governance reports for investors.

Enforcement

With expertise in forensic accounting, fraud investigation and expert witness experience, particularly in the context of disciplinary proceedings. This would include a thorough understanding of the requirements of contentious litigation and an appreciation of the rigour with which evidence must be obtained, analysed and presented.

ADVISORY PANEL MEMBERS – JOB SPECIFICATION

• Regardless of subject matter expertise, all Members of the Advisory Panel will bring:
• Experience as senior executive with strong financial background;
• An understanding of the principles underpinning the Regulators’ Code;
• Strong ethics that are aligned closely with the FRC’s Values and Behaviours;
• Strong intellectual qualities and sound judgement with ability to analyse and develop solutions to a range of strategic and technical questions and assess what will work best for the success of continued growth of the UK economy and confidence in shareholders, employees, investors and wider public;
• An ability to demonstrate significant credibility in their subject matter area to stakeholders;
• Extensive knowledge and understanding of the associated challenges in relation to their subject matter area; and
• Experience in navigating uncertainty and managing competing views.

More details about the role of Advisory Panel members, the terms and conditions of appointments and how to apply, pleae click on the 'Apply Button'

The closing date for application is 23.55hrs on 7 November 2021.

Recruitment process

The FRC values and promotes diversity and inclusion and is committed to equality of opportunity for all. Appointments are made on merit. We believe that the best organisations are those that reflect the communities they serve. We very much welcome applications from women, those with disabilities and from people from black, Asian and minority ethnic communities, who we know are under-represented in non-executive roles.