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Project Manager

Financial Reporting Council
EC2Y 5AS, London (Greater)
Closing date
5 Oct 2021

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The Financial Reporting Council (FRC) mission 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. We are the UK Competent Authority for audit. We also set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work, and 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 website. The FRC provides operational support to the UK Endorsement Board, including a dedicated Secretariat function.

The UK Endorsement Board serves the UK public good by influencing and contributing to the research and development of high-quality international financial reporting standards and their adoption for use in the UK. It will do this by:

  • Influencing the development of international financial reporting standards. Contributing to debates on International Accounting Standards Board (IASB) projects, consulting with UK stakeholders to obtain their views and highlighting any concerns to the IASB at every stage of projects, development of its agenda and post-implementation reviews.
  • Taking responsibility for the endorsement and adoption of International Financial Reporting Standards (IFRS) as specified in legislation, deciding whether to adopt IFRS for application by UK entities.
  • Providing thought-leadership. Undertaking research and contributing to the development of financial reporting internationally. It will also undertake to inform and educate UK and international stakeholders on developments in financial reporting.

The UK EB adheres to the guiding principles of transparency, accountability, independence and thought leadership in all its activities.

The Role:

The post-holder will be part of the dedicated UK Endorsement Board Secretariat team and will contribute to allocated projects. This may include projects that are part of the IASB’s due process, involve the assessment of new or amended IFRS for UK endorsement or research projects. A Project Manager will usually work in a small project team (unless the project is very small).

The role involves:

  • Following the IASB’s discussions, assisting with the analysis of the IASB’s proposals and decisions, as well as assisting with identifying issues and concerns and the development of solutions and technical arguments to support the analysis.
  • Preparing and presenting high-quality technical papers for the Endorsement Board once established, as part of a project team and under the supervision of the Technical Director, and revising as appropriate, within project deadlines.
  • Assisting with the gathering of desk-based evidence and assessing stakeholders’ views on the project, using formal and informal means as appropriate through-out the project.
  • Preparing or providing input for impact assessments appropriate to the stage of the project.
  • Helping prepare and participating in presentations to stakeholders.

There are a number of roles at this level and applicants with a diverse range of backgrounds, with an interest in IFRS will be considered. We would particularly welcome applicants with financial services, insurance or investment analyst backgrounds.

The Person:

A relevant professional qualification and at least two years post qualification experience are required. The ideal candidates will have:

  • Knowledge of the financial reporting environment of listed companies and an interest in IFRS.
  • Ideally experience in technical accounting work or the ability to demonstrate a clear interest in these activities.
  • Good written and verbal communication skills.
  • Ability to interact effectively and respectfully with UK and international stakeholders.
  • Ability to work as part of a team and deliver to tight deadlines.

The role is based in our Central London Office. The post holder should be able to work flexibly to support the team’s activities, as necessary. From 6 September the FRC will be operating a hybrid working arrangement. This means full-time employees will spend at least four-days per fortnight in the office, pro rata for part time employees, and any arrangement will be agreed between the employee and the line manager.

Rewards and benefits

  • The FRC offers competitive remuneration packages, including 30 days annual leave plus 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 form is completed on a voluntary basis and we strongly encourage all job applicants to complete it.
Complete the Diversity Form here

Please apply by following the link our website via the button below and uploading a copy of your CV and covering letter. In the covering letter, please set out, by reference to the person specification above, how you meet the required skillset.

  • confirm that you have the right to work in the UK, and
  • tell us where you heard about this job

Please note that we can only accept applicants who have the right to work in the UK.

The closing date for applications is on Tuesday 5th October 2021

Note to agencies:

The FRC has a commitment to building relationships directly with candidates and only engages with agencies who are on our preferred supplier list to support us in sourcing quality candidates. We do not accept speculative CV’s from agencies that are not on our preferred supplier list. Any speculative or unsolicited CVs which are submitted without FRC instruction will be deleted and will not be considered as an introduction.

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