Regulatory Appointments Committee – actuary member

Application closing date: 30 November

The Institute and Faculty of Actuaries’ (IFoA’s) Regulatory Appointments Committee (RAC) acts independently of Council in relation to all regulatory decision making within its remit, in the public interest.

Its role is to make appointments to support the delivery of the IFoA’s regulatory function; namely to the IFoA’s Regulatory Board, all roles to be appointed under the Disciplinary and Capacity for Membership Schemes, to this committee and as otherwise may be specified from time to time. This involves shortlisting, interviewing and working as part of a team to select candidates for appointment.

The committee has a wide range of expertise and is now seeking to appoint new members, to take its important work forward. We are particularly keen to hear from those with demonstrable experience of professional disciplinary and enforcement systems (conduct and/or fitness to practice) and /or international professionally regulated bodies. However, all applications from qualified applicants will be considered.

For more information about the committee, see the Regulatory Appointments Committee webpage. Further information on the role is available in the detailed role specification (PDF, 60 KB).

Should I apply?

  • We are committed to promoting diversity, equality of opportunity, and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.
  • Within the committee we seek to create a diverse range of expertise and geographic spread. It doesn’t matter where you are based around the globe, as most participation is via meetings online.
  • Volunteers who undertake this important role find the work interesting, varied and rewarding. They also enjoy gaining new skills and experience and the opportunity to work with other actuaries and with lay professionals as part of a team.
  • The committee is looking for volunteers, whether working or retired, who can demonstrate experience of professional disciplinary and enforcement systems (conduct and/or fitness to practice) and/or international professionally regulated bodies. Interested in being part of this group but not sure whether you have the skills? Please see next steps below, and consider an informal discussion prior to applying.

Time commitment

The time commitment is not onerous. There are four meetings held each year, typically by conference call. The time commitment for this equates to one half day per quarter.

In addition, all members participate in each appointment round, sifting candidates for interview, and three members will constitute interview panels. This time requirement varies from year to year but, in principle, applicants should be able to offer two to three days either for sifting or for interviews (typically held virtually).

Next steps

If you are interested in this role, but would like an informal conversation with either the committee secretary or a current member of the committee prior to submitting your application, please contact engagement.team@actuaries.org.uk.

If you have read all the above and would like to apply, please send us:

  • brief details of your relevant experience and reasons for wishing to get involved (no more than 500 words)
  • your ARN (if you are a member)
  • a brief copy of your CV (no more than two pages)
  • confirmation that you have read, understood, and agree to the information and requirements laid out in our volunteer information pack (please be aware that until we have received this confirmation, we will not be able to appoint you as a volunteer)

Please email all the above to engagement.team@actuaries.org.uk. Please note, we are unable to accept late applications.

What do I need to know?

Volunteering provides you with a wide range of opportunities. With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s governance manual and volunteer information pack. Before offering to provide support, please read through: what you need to know.