Stewardship Senior Manager

Job Description

The UK Stewardship Code sets high stewardship standards for those investing money on behalf of UK savers and pensioners, and those that support them. To become signatories to the Code, asset managers, asset owners and service providers such as investment consultants and proxy advisors submit an annual Stewardship Report which demonstrates how they have applied the Principles and responded to the reporting expectations. The Stewardship Team assesses these reports and applicants that meet the high standards are listed as signatories to the Stewardship Code.

You will be responsible for the evaluation of Stewardship Code reports, including continuously improving the assessment process, resource allocation and the training and development of the team. You will monitor reporting to the Code, identify and encourage good practice and work to continue to raise the standard of stewardship and reporting.

You will influence stewardship policy development, engaging with other Government Departments and regulators, investors, issuers and representative organisations. The FRC has committed to working with the FCA and DWP to review the regulatory framework for effective stewardship. Led by the Head of Stewardship, you will support the development of a public consultation, stakeholder engagement and implementation of any changes as result.

You will have day to day management and development responsibilities for some of the policy associates in the team.

 

Responsibilities:

 

• Managing and improving the process for assessing reporting from asset managers, asset owners and service providers applying to become signatories to the UK Stewardship Code.

 

• Identifying good practice, areas for improvement and developing materials to support signatories to apply the Code and report well.

 

• Working with other government departments to review the regulatory framework for stewardship and contributing to the consultation on the Stewardship Code from 2023.

 

• Representing the FRC through external engagement.

 

Supervising and developing policy associates and senior policy associates in the team, and working closely with the Head of Stewardship to lead the team.

 

• Working on cross organisational initiatives that promote effective stewardship, corporate governance or support organisational transformation.

 

The Person:

 

You will have:

• An understanding of the pensions and investment industry and regulatory environment, including the fields of responsible and sustainable investment, corporate governance and stewardship.

 

• Experience in developing or using an assessment methodology to evaluate reporting against a framework.

 

• The ability to engage credibly and confidently with senior stakeholders and communicate key information and FRC policy positions.

 

• The acumen to develop pragmatic solutions and informed decisions to complex problems based on evidence, experience, and input of others.

 

• The ability to determine priorities and effectively manage your workload and supervise the day-to-day work of junior colleagues.

 

• The ability to communicate findings of analysis accurately and succinctly both in writing and orally and make recommendations where appropriate.

 

• Excellent written and oral communication and presentation skills, able to articulate topics and issues to a broad range of people from commercial, investment and regulatory backgrounds.

 

• A degree level qualification, relevant qualification, and/or have gained relevant experience in business or investment environment.

We welcome applicants from all backgrounds and communities, and in particular those that are currently under represented in our workforce. This includes, but is not limited to, Black, Asian and Minority Ethnic (BAME) candidates, candidates with disabilities, and female candidates.

Please apply by following the link our website https://www.frc.org.uk/frc-for-you/careers and uploading a copy of your CV and covering letter as a single document upload. In the covering letter, please set out, by reference to the person specification above how you meet the required skillset.

• How you meet the required skillset
• Tell us where you heard about this job

Rewards and benefits

• The FRC offers remuneration packages, including 30 days annual leave, ability to buy extra leave.
• Generous employer pension contribution of 10%.
• Staff Employee Assistance Programme including confidential counselling and work life services.
• The FRC offers staff the opportunity to save at least 25% on the purchase of a new bike through the Cycle to work scheme.
• The FRC has a strong work/life balance ethos.

The FRC believes that equality of opportunity and diversity is important in the work that we do and we are strongly committed to being an inclusive employer. Our values of being fair and independent supports this commitment. We're a signatory to the Government's Disability Confident scheme, which means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.

Equal opportunities monitoring is an important means of demonstrating and implementing our commitment to promoting equality of opportunity and diversity. Completing our diversity form will assist the FRC to identify any barriers that prevent access to employment and career development for certain groups of people, and to develop solutions, such as action plans, new policies and practices.

The role is based in our central Birmingham office. The post holder should be able to work flexibly to support the team’s activities and also provide cover within the FRC as necessary. The FRC operates a hybrid working arrangement with its workforce. The FRC operates a hybrid working arrangement, with a expectation that 40% of a person's working time will be located at one of our offices per week, with precise arrangements to be agreed between the employee and the line manager.