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:
August 11, 2026 (7 days left to apply) job requisition :
JR0022099
*
* Job title:

Lead Associate - Payment Systems Supervision*
* ** Division: PSR - Payment Systems Market Interventions (PSMI)**
* ** Salary:
** National (Edinburgh and Leeds) ranging from £60,700 to £80,000 and London from £66,600 to £88,000 (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.Through active monitoring and supervision and enforcement, we help maintain confidence in the payment systems used every day.

The Payment Systems Market Interventions (PSMI) Division ensures compliance with the PSR’s regulatory requirements and works to improve outcomes for payment system users by addressing poor practice and emerging risks.

We are recruiting a Lead Associate to join our Supervision team. This senior role combines ownership of complex supervisory casework with leadership responsibilities across the team’s wider portfolio.

Working closely with the Manager, Supervision, you will help deliver the supervision strategy, ensuring the effective progression of cases and a consistent approach across payment systems. The team supervises participants that access designated payment systems, including Faster Payments, LINK, Visa and Mastercard, as well as any systems designated to the PSR or FCA following legal cutover. These participants include payment service providers, banks and infrastructure providers.

The Supervision team is expected to transfer into the FCA when new legislation takes effect. As consolidation progresses, responsibilities and ways of working may evolve. If you have any questions, please contact the Resourcing Partner.

This is an excellent opportunity to shape the future of payment systems supervision during a period of significant organisational change as the PSR consolidates into the FCA.
** Role responsibilities
*** Acting as lead across the Supervision team’s casework, supporting strategic oversight, prioritisation and progression of supervisory cases
* Managing and leading complex supervisory relationships with a portfolio of different participants in payment systems
* 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…