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An exciting opportunity has arisen to Chair the Institute and Faculty of Actuaries’ (IFoA’s) Regulatory Appointments Committee (the Committee). We are seeking to appoint a candidate with demonstrable experience of professional regulation and disciplinary proceedings appropriate to this senior role.
The IFoA is an international body with a worldwide membership of around 35,500 members of which nearly half are student members. 46% of its members overall and 63% of its student members are based outside the UK . We oversee their actuarial education at all stages of qualification and development throughout their careers. By joining the IFoA, members are making a personal commitment to high standards of education, professionalism, competence and integrity.
The Regulatory Appointments Committee makes independent appointments to support the delivery of the IFoA’s regulatory functions.
There are eight members of the Committee: four members of the IFoA, three lay members and an independent lay Chair. The Committee has a diverse range of demonstrable experience in: interviewing and appointments; diversity, equity and inclusion; and regulatory frameworks (which include setting codes and standards relating to professional conduct and competence, discipline and enforcement, professional qualifications and assessments frameworks, and public interest regulatory aspects of examination and admissions frameworks). The Committee also has experience of peer professional, regulatory and qualification membership bodies in the UK and internationally.
Expressions of interest are encouraged from anyone with skill and experience appropriate to the role. In particular, the Committee has an interest in applications from individuals who have significant experience of senior non-executive appointments, particularly those who have experience of regulatory appointments within comparable professional regulatory and enforcement systems (conduct and/or fitness to practice) and/or international professionally regulated bodies. In your application, please explain why you think that your experience is relevant to this role, including examples.
Task Specification
The duties of the Chair of the Committee will include (but are not Iimited to):
• Effective leadership of the Committee, including chairing and being suitably prepared for Committee meetings.
• Determining, in consultation with Executive staff, the priorities and objectives of the Committee and leading the Committee in delivering these.
• Ensuring the Committee’s activities support the IFoA principles of diversity, equity and inclusion.
• Acting in compliance with the IFoA’s Governance Manual and delegated authorities.
• Understanding of the relevant regulatory environment, including the IFoA’s governance relationship with its Supervisory body, the Financial Reporting Council.
The successful candidate will also be involved in discussion and decision making, including:
• making appropriate arrangements for appointment and reappointment processes;
• confirming task and person specifications and advertisements;
• sifting applications;
• drafting and having input into interview plans;
• interviewing candidates;
• determining appropriate appointments;
• renewals.
Tenure
This is a three-year appointment renewable for a further three years. Appointment and renewal is on the recommendation of an independent external body.
Remuneration
The role attracts an honorarium of £700 per day, and expenses incurred in the role are recoverable from the Institute and Faculty of Actuaries in line with the IFoA’s expenses policy.
Training and support provided during your tenure is not subject to remuneration.
Time Commitment
There are four meetings held each year (generally online), with one held in-person in either Edinburgh or London. The time commitment for this usually equates to one half day per quarter. In addition, all members participate in each appointment round, sifting candidates for interview, and taking part in interview panels. The time requirement varies from year to year but, in principle, applicants should be able to typically offer up to 12 days annually.
Person Specification
Candidates are asked to provide demonstrable experience in as many of the following areas as possible:
• strong leadership and chairing skills;
• the presence and credibility to deal effectively with other stakeholders including senior members, the Chairs of other boards and committees, and the executive;
• significant experience in making independent non-executive appointments;
• experience of recruitment with excellent interview skills and in particular confident in using a competency-based interview approach;
• a genuine commitment to the principles of diversity and accessibility in the recruitment and selection of applicants;
• an interest in, and the aptitude to understand, professional regulation and particularly professional discipline and conduct both in the UK and internationally;
• an understanding of the public interest regulatory aspects of examination and admissions frameworks;
• an understanding of professional qualifications and assessments frameworks
• a genuine interest in and understanding of the IFoA’s Regulatory Strategy, its Disciplinary Scheme and its qualifications framework;
• excellent verbal communication skills, including proven ability to work effectively with others as part of a committee or board;
• understanding of the importance of confidentiality and data security;
• IT literate with strong computer skills;
All appointments are subject to candidate declaration and consideration of any actual or potential conflicts of interests. Committee members should not hold any roles on the IFoA’s Council, Regulatory Board and/or under the Disciplinary Scheme.
The full job description is available on https://actuaries.org.uk/ifoa-jobs/lay-chair-of-the-regulatory-appointments-committee/
How to Apply
To apply, please email hrsupport@actuaries.org.uk providing the following information by the closing date of 6 July 2025:
• Your CV and full contact details
• A cover letter (maximum 500 words) with a synopsis of your relevant background and experience, a note of your reasons for wishing to take on this role, and an overview of what you feel you could bring to this role.
• A name blank version of your CV and cover letter
All applications will be considered and a short list of candidates will be invited to a competency based interview. Interviews will take place in August.
Diversity, equity and inclusion are more than just words for us. That’s why we are committed to a culture where everyone feels included and respected. We actively encourage applications from a diverse range of potential candidates. For more information on our DEI commitments please see our DEI strategy page.
