Job Grade: 2
Closing date: 8 July 2019
Job title of line manager: Head of Policy
Contract type: Permanent
How to apply
To apply for this role, please send your CV and a cover letter to: firstname.lastname@example.org.
About the IFoA
The Institute and Faculty of Actuaries (IFoA) is an independent chartered professional body that educates, regulates and promotes its member actuaries that are based in the UK and overseas. As a membership organisation, the IFoA is served by the executive that is responsible for ensuring that the business strategy is effectively implemented.
With over 30,000 members, the profession’s involvement with many aspects of financial services, such as pensions, insurance and investment, and increasing relevance in other sectors such as capacity planning in health and social care, places it at the heart of strategic decision-making for government, business, the public sector and consumers.
Purpose of job
The Head of Public Affairs will be responsible for developing and implementing a proactive and influential government relations strategy in order to increase the Institute and Faculty of Actuaries’ (IFoA) impact on the formulation of policy. The roleholder will lead across all external engagement with parliament, government relations and industry stakeholder relations, as well as having responsibility for the IFoA’s international public affairs work and relationships with supranational associations.
One of the key tasks will be to provide strategic advice to the IFoA’s Policy and Public Affairs Board to help it deliver the public affairs aspects of IFoA’s strategy and corporate plan. Working closely with senior IFoA members, the Head of Public Affairs will seek to position the IFoA as an expert body and influencer, and identify opportunities for collaborative initiatives to maximise impact on government thinking, policy development and global standard setting.
The Head of Public Affairs will work with colleagues and members of the IFoA to:
- Enhance the IFoA’s reputation as a respected, reliable and responsible source of expertise on actuarial matters;
- Identify and exploit opportunities for the IFoA to advise ministers, parliamentarians, officials and advisors on policy development;
- Ensure that the IFoA is requested, as a matter of course, to respond to key consultation exercises on relevant areas of policy;
- Establish relationships with other governmental agencies, such as regulators, standards bodies and ombudsmen, in order to raise the profile and influence of the IFoA;
- Form productive, collaborative partnerships with other relevant third party bodies and industry organisations in the insurance, pensions, financial services and related areas, positioning the IFoA as an expert body and influencer and identifying opportunities for collaborative initiatives where appropriate in order to maximise impact on government thinking and policy development;
- Develop a consistent approach, working with the Markets Development team, to an international public affairs strategy;
- Maintain and develop the IFoA’s relationships with supranational associations, including the IAA and AAE. This includes responsibility for the IFoA’s attendance at the six-monthly IAA meetings;
- Manage and co-ordinate the annual cycle of nominations, approvals and presentations for IFoA Honorary Fellowships, medals & awards;
- Ensure the IFoA complies with the requirement of lobbying registers in England & Wales and Scotland (and any other legislation or regulations which may be relevant to our work in this area);
- Extend the IFoA’s relationships across government departments in order to broaden its influence on government policy on matters where actuarial input is relevant and desirable.
Although the roleholder will be expected to act on their own initiative wherever possible, they will also need to build the IFoA’s capacity, especially amongst its senior members and officers, for talking on matters of often quite technical detail to different audiences. These may range from informal briefings to senior departmental officials to Select Committee appearances. The Head of Public Affairs will take the lead on the briefing and preparation required in order to present the IFoA and its contribution to the highest standard in such circumstances.
The successful candidate will take on day-to-day leadership responsibility for the IFoA’s public affairs activities, which will include management of a public affairs executive. They will work closely with and as part of the Policy team, and report to the Head of Policy.
- Head of Policy
- Policy & Public Affairs team
- Colleagues in the Public Affairs & Research Directorate
- Director of Public Affairs & Research
- Senior volunteers
- Policy & Public Affairs Board
- Chief Executive’s Office
- The President’s Office
- Government Officials
- Other professional and industry organisations
- Member committees
- Other actuarial associations and professional bodies (incl. internationally)
- Other external stakeholders
- Has authority to make decisions within overall objectives and will report to the Head of Policy
- Decisions are likely to have medium to long-term implications for the IFoA.
- Required to understand the range of activities undertaken by the various member committees and also by members in the outside environment and the extent to which it influences the future direction of the IFoA
- Required to think strategically and anticipate requirements to support the IFoA delivering its corporate objectives
- Ensures that all activities and processes within the team are aligned to agreed governance frameworks
- Seeks opportunities to improve effectiveness of the team and quality of output
- Builds a complete picture of the relevant activities and public policy matters at the IFoA and makes connections to enhance the possible opportunities.
- Identifies any potential risks and seeks to mitigate them.
- Significant impact on team processes and output from the Public Affairs team
- Critically, this person should have the maturity, judgement and enthusiasm to build on the IFoA’s achievements to date and develop them further. They must be credible and confident with senior individuals in a range of industries, disciplines and cultures, and demonstrate their potential to play a central part in accelerating the positive impact of the IFoA.
- Credible and confident with senior individuals in a range of industries, disciplines and cultures
- Exceptional stakeholder management skills
- Excellent written and verbal communication skills, including delivering presentations
- Strong influencing skills in person and on paper
- Strong problem solving skills
- Ability to deliver through others
- Ability to identify risks and seek to mitigate them
- Solid decision making and judgement
- Enquiring mindset and eye for detail
- Good project management and organisation skills to support planning and delivery of outputs from the team
- Ability to work as part of a team and to self-start and work independently.
Knowledge and experience
- Knowledge and experience of working in Public Affairs in the financial services sector
- Understanding of the role of actuaries and the contribution they make to businesses and to society
- Experience of delivery of board reports to senior governance committees
- Experience managing budgets
- Experience of representing organisations in a policy environment
- Established networks in Westminster, Whitehall and Holyrood
- Managed and led teams.
- Educated to degree level or equivalent
- Working with volunteers
- Experience managing diverse programmes of work
- Relevant international experience
- Proven media skills and networks
- Track record of delivering quick and proactive responses to media
- Membership of a relevant professional body e.g CIPR, PRCA
Values and behaviours
The following values and behaviours are a standard requirement for all roles within the IFoA.
The roleholder is honest and fair in their dealings with other employees, and respects and acknowledges the opinions and contributions of their colleagues and does the right thing when there is a choice to be made to do so.
The roleholder works together with other employees and proactively builds relationships to achieve individual, team and corporate objectives and creates engagement from stakeholders.
The roleholder helps to develop the future of the IFoA with a focus on continuous improvement, contributing with their ideas, providing feedback where appropriate and sharing learning.
The role will be based in London, with a requirement for regular travel to Edinburgh, Oxford and occasional travel to other locations in the UK and overseas, to support events or attend meetings. The workload within the team may vary and the job holder may need to be flexible over working hours.
We aim to respond to all enquiries within three working days.
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