An exciting opportunity has arisen to join the Institute and Faculty of Actuaries’ (IFoA’s) Disciplinary Committee, which oversees the management and operation of the IFoA’s Disciplinary Scheme (the Scheme). We are seeking to appoint someone with an interest and experience in professional regulation and disciplinary proceedings.
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 and increasingly actuarial practice is international.
We oversee their 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 Committee oversees the management and operation of the Scheme. The main purpose of the Scheme is to protect the public by maintaining the standards of IFoA members. The public - clients, users, employers, and all those whose finances are affected by actuarial decisions, must be confident that the members they employ, or trust with their finances, will observe the standards of practice and confidence that justify that trust.
While few members come into contact with the Scheme, it plays a crucial role in maintaining professional standards and public confidence in the profession. To support trust in our profession, it is essential that we have a rigorous, fair and robust disciplinary process.
Responsibilities of the Committee include: overseeing the operation of the Disciplinary Scheme; making Regulations to support the Scheme; setting guidance on relevant policies and procedures; setting timeframes for processes; monitoring feedback on the Scheme; and producing an Annual Report to the Regulatory Board. Further details can be found in the Disciplinary Committee’s Terms of Reference.
The successful candidate may be involved in discussion and decision making on the following;
This is a three year appointment, renewable for a further three years on a discretionary basis.
This role attracts an honorarium of £350 per day. Expenses incurred as part of the role are recoverable from the IFoA in line with the IFoA’s volunteer and travel expenses policy.
The Committee usually meets four times a year. Committee meetings are usually held virtually, with the option of one in person meeting each year.
The time commitment is approximately one half day per quarter for attendance at meetings plus approximately one day per quarter to deal with ad hoc matters and prepare for meetings. There might be occasional opportunities to join working parties and/or involvement in decisions in between meetings, but this would normally take place virtually.
Papers are shared approximately one week before the meetings and Committee members are expected to read them fully in advance of the meeting to ensure that they can participate in the discussion during the meetings.
The Committee routinely deals with confidential matters. Committee members must keep all information they receive in their capacity as a Committee member confidential and must ensure that any documentation is held securely.
Committee members must declare any conflicts of interest (including apparent or potential conflicts of interest).
The IFoA encourages applicants from a variety of backgrounds and experiences and welcomes diversity with regard not only to protected characteristics, but also diversity of thought.
Candidates are asked to provide demonstrable experience in as many of the following areas as possible;
Please note that following individuals cannot be appointed to the role;
The IFoA encourages applicants from a variety of backgrounds and experience and welcomes diversity with regard not only to protected characteristics but also diversity of thought. Diversity, equity and inclusion are more than just words for us. That’s why we are committed to creating a culture where everyone feels included and respected, and where no one is unfairly discriminated against. Consequently, we promote diversity, equity and inclusion in all our policies, practices and procedures, and actively encourage applications from a diverse range of potential candidates. All applications for our roles are considered on merit alone, and if you don’t meet all the criteria but believe you have something to offer, we want to hear from you. For more information on our commitments, please see our DEI strategy page.
To apply, please email hrsupport@actuaries.org.uk providing the following information by the closing date of 28 February 2025:
A short list of candidates will be invited to a remote interview.
Please email the HR Team if you require:
Any information shared will be used only to enable us to make reasonable adjustments to support candidates to participate in the recruitment process. It will not inform selection decisions.
You can reach us at HRsupport@actuaries.org.uk.
If you have any questions for the HR Team, please email us.
We aim to respond to all initial enquiries within 3 working days.