Lead Associate - Systems Supervision

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

## Lead 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 :
JR0021646
*
* Job title:

Lead Associate – Payment Systems Supervision*
* ** Department: PSR - Payment Systems Market Interventions**
* ** Salary:
** National (Edinburgh and Leeds) ranging from £60,700 to £70,000 and London from £66,600 to £80,000 (salary offered will be based on skills and experience)
* ** This role is graded as:
** Lead Associate – Regulatory
* ** 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 Interventions 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
*** Acting as coordinator across the Supervision team’s casework, supporting strategic oversight, prioritisation and progression of supervisory cases
* Managing and handling complex supervisory relationships with one or more payment system operators
* Supporting the Manager of Supervision with development and delivery of the overall supervision strategy, including identification of emerging risks and areas of focus
* Championing innovation and continuous improvement in supervisory practice, including development of tools, approaches and ways of working
* Providing coaching, guidance and informal mentoring to colleagues across the team, supporting development, consistency and collaboration
* Building and maintaining a deep understanding of supervised firms, the environments they operate in and the strategic and operational risks they pose
* Supporting senior colleagues in the transition of payment systems supervision into the FCA’s supervision framework, including new ways of working, governance and engagement models
* 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:
*** Demonstrated experience in supervision, monitoring or regulatory relationship management roles within a regulator or regulated environment
* Experience of operating with significant internal and external influence, including…