Your new company
Launched in January 2019, the Money and Pensions Service brings together the free services delivered by the Money Advice Service, The Pensions Advisory Service and Pension Wise.
We are an Arms-Length organisation, sponsored by the Department for Work and Pensions, with a joint commitment to ensuring that people have access and guidance to the information they need to make effective financial decisions over their lifetime.
MaPS is preparing a UK Strategy for Financial Wellbeing which is setting five ambitious goals for change, improving the lives of millions of people, to be achieved over a 10-year period.
In the first few months after publishing the strategy, we will run an activation period (to summer 2020). During this time, we will work with stakeholders, leaders and experts from across the public, private and voluntary sectors.
Together, we will set out clear, ambitious plans for how we can deliver the five outcomes set out in the strategy. What stakeholders recommend will then help shape MaPS’ Corporate Strategy for the following three years.
The postholder will be expected to :
Policy lead for a number of areas related to personal finance and financial wellbeing.
Support the delivery of MaPS’ National Strategy to improve the financial wellbeing of the UK population by developing, articulating and pursuing evidence-based policy positions with government and wider external stakeholders.
Work with external partners and colleagues across the organisation to develop and commission appropriate propositions to improve the financial wellbeing of UK consumers and deliver our national strategy objectives.
Duties and Responsibilities
Review research and market intelligence to develop and articulate policy positions that will support the goals in MaPS’ National Strategy for Financial Wellbeing, working within the governance framework and providing insights into strategic opportunities and risks.
Taking the policy lead with the Senior Policy and Propositions Manager for a number of policy areas related to personal finance and financial wellbeing, actively identifying opportunities to work with policymakers, regulators, charities and other consumer bodies and financial services firms to take forward MaPS’ policy objectives in these areas.
Take forward MaPS policy positions through a programme of impactful engagement with Government and regulators, financial services and the third sector.
Draft high-quality consultation responses and policy briefings that reflect and take forward MaPS’ policy positions.
Work with external partners and colleagues across the organisation to develop propositions and commission appropriate interventions to improve the financial wellbeing of UK consumers and deliver our national strategy objectives.
Engage colleagues across the organisation to ensure teams and functions understand key policy risks and opportunities in own areas of responsibility.
Skills, Training and Experience required
Experience of working as a senior policy professional, developing, communicating and delivering policy positions
Experience of Financial Services Policy or Banking Policy
Excellent communication and presentation skills; able to communicate complex issues clearly and confidently to non-technical audiences, face-to-face and in compelling consultation responses and briefings.
Good understanding of the UK political frameworks, policy development processes and legislative contexts, including in the devolved nations.
Experience of building and managing relationships, influencing, and working in partnership with government policy-makers, financial services, regulators, and the third sector to deliver policy and projects.
Expertise in gathering and using complex consumer, stakeholder, and market insights, including evaluation findings, to inform policy, strategy, and commissioning decisions.
A commitment to improving financial wellbeing in UK adults.
Capability to plan and manage projects and tasks flexibly and adaptively, keeping track of timelines, budgets, and ensuring high quality products.
What you'll get in return
You will be placed into a permanent role and will be paid circa. £55,000 per annum.