Financial Markets Authority - Board member (Customer perspectives financial markets)

About the Financial Markets Authority

The Financial Markets Authority (FMA) is an independent Crown entity under the Crown Entities Act 2004, established to carry out specific functions under the Financial Markets Authority Act 2011. The FMA's duty is to promote and facilitate the development of fair, efficient, and transparent financial markets; and to promote the confident and informed participation of businesses, investors, and consumers in the financial markets.

More information about the FMA can be found at its website (external link).

Person specifications

Specific skills required

At this time, the Minister of Commerce and Consumer Affairs is seeking candidates who wish to be considered for appointment as a Board member of the Financial Markets Authority (FMA) Board, who can provide one or more of the following skills and experience:

Customer perspectives: financial markets - banking, insurance and consumer credit

• Deep experience advocating for, or representing customer interests (in particular, in retail financial markets)
• Understanding of the client facing functions of retail financial markets

Foundational skills

• Extensive governance experience at board level
• Experience or interest in regulatory settings and outcomes
• Experience and an understanding of public accountability and the relationships between Government and a Crown entity.
• Substantive experience in capital and financial markets.
• Likely to hold qualifications in Law, Accounting, Economics or Finance.
• Executive, operational or commercial leadership experience
• Has demonstrated or can demonstrate an understanding of the public interest.

The successful appointees will likely have a practical understanding of the operation of financial institutions and implementing conduct-related change within those institutions. This will likely have been obtained through undertaking one or more senior positions in such an institution. 

Candidates may be able to hold a role with a regulated financial institution, although this will depend on the nature of that role and the ability to manage any conflicts that arise.

Collective and individual duties of FMA members

The FMA Board provides governance for the organisation, and Board members are collectively responsible for:

• setting and monitoring the strategic direction of the FMA
• taking decisions that it has reserved for itself under the delegations policy
• appointing a chief executive
• monitoring the performance of the FMA and its chief executive
• maintaining appropriate relationships with the Minister, Parliament, the Ministry, and the public
• complying with the Financial Markets Authority Act and the Crown Entities Act.
• setting tone and culture of the organisation

More information

For more information about this role, please see the position description: Financial Markets Authority - Board member
Applications close at 11.59pm on 13 July 2025.
For further enquiries about the position, email: boardappointments@mbie.govt.nz