Senior Associate - Systems Supervision

Position: Senior Associate - Payment Systems Supervision
Location: City of Edinburgh

## Senior Associate - Payment Systems Supervision Apply locations:
London:
Leeds:
Edinburgh time type:
Full time posted on:
Posted Todaytime left to apply:
End Date:
June 23, 2026 (14 days left to apply) job requisition :
JR0021647
*
* Job title:

Senior Associate – Payment Systems Supervision*
* ** 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
* ** Your external recruitment contact is
** Raimonda via
* ** Your internal recruitment contact
** is Katie via
* Applications must be submitted through our online portal. Applications sent via social media or email will not be accepted.
** 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. 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 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…