Salary: National from £41,800 to £52,000 and London from £46,000 to £57,000 depending on skills and experience

Would you like to work on a range of issues of key importance to financial services?

The Team/Department

The Wholesale Banks Department is a Supervision department that sits within the broader Supervision, Policy and Competition Division of the FCA. The department is responsible for supervision (regulatory oversight) of investment banking groups and how they conduct their business. This includes identifying and mitigating risks and assessing regulatory compliance.

What you will be doing

• Using data to analysing banks’ business strategies and activities, how they are changing in response to the external environment, and the implications for risks from a conduct perspective
• Engaging and meeting with senior management at banks, internal stakeholders (e.g. other departments such as Enforcement or Financial Crime) and other regulators
• Assessing banks’ compliance with regulations and how deficiencies can be addressed
• Assisting with developing and implementing regulatory strategies to supervise banks
• Working within a team in the department and assisting on workstreams both within the team and more broadly
• Collaborating inclusively, contributing to an environment where all opinions are listened to and respected and engaging with the FCA’s Diversity and Inclusion agenda

What you will get from the role

• Unique insight into investment banks’ business models, products, operations and risks
• Unparalleled opportunities to engage with senior management at investment banks, work with specialists at the FCA, and other national and international regulators
• Exciting opportunities to work on a range of issues of importance to financial services and expand your knowledge of the sector
• Knowledge of regulation and how it applies to and is implemented at investment banks, whilst helping the FCA deliver its objectives including market integrity
• Formalised training and on the job development, with the opportunity to pursue sponsored FCA Academy courses that lead to industry qualifications where eligible
• Career opportunities and the potential to progress within the FCA

Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle. You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option top up your base salary by taking this as cash. 

Core benefits that you will receive as standard are: 

• ​25 days holiday per year plus bank holidays
• Private healthcare with Bupa 
• A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach age 35). 
• Life assurance of eight times your basic salary 
• Income protection 

​We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations. 

The skills and experience you will have  

Minimum   

We are a signatory to the Government’s Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, who best meet the minimum criteria for a role.  

• Experience of using good written communication skills
• Experience of either firm supervision, or the wholesale sector
• Experience of analysing complex information from various sources

Essential

• Judgement - An ability to consider complex information and contribute to the development of an appropriate supervisory strategy to tackle harms
• Internal and external stakeholder management skills. An ability to build good relationships with external and internal stakeholders in order to support the delivery of supervisory objectives
• Engagement – Good communication skills both written and verbally. An ability to communicate key messages and explain complex problems in a clear and concise manner
• Delivery – An ability to get to grips with and drive forward cases and workstreams with an appropriate level of support and guidance
• Organisational ability - ability to at work at pace and under pressure and manage a variety of competing workstreams and issues and prioritise accordingly
• Willingness to learn and develop, taking on new responsibilities and adopting a flexible and pragmatic approach to your work

About the FCA

The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. We do this to make sure markets work well for individuals, businesses and the economy as a whole. For more information on what we do, our three-year strategy can be found here.

The FCA's Values & Diversity

Our ambition is to cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation.

We particularly welcome applications from women, disabled, and minority ethnic candidates, for our associate role.

Flexible working

We welcome applications from candidates who are looking for flexible arrangements. Many of our staff work flexibly including working part-time, staggered hours, and job shares. We can’t promise to give you exactly what you want but we won’t judge you for asking.

Multi-location

As part of the FCA’s on-going commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds, or London offices. This means that as part of the application process you will be able to select your preference of which office location you would like to work from.

Useful information

• Applications for this role close at 23.59 on 18th November 2024
• This role is graded as Associate - Regulatory

Got a question?   

If you are interested in learning more about the role please contact: 

For internal applicants, please contact Linda Bradley at [email protected] 

For external applicants please contact Aaron Ward at [email protected]

What to expect from our interview process
If your application is successful, you will be invited to complete a technical case study and competency based interview.

Recruitment Timeline:

• Closing Date: 18th November 2024
• First Round Assessment: Commencing 25th November 2024

Please make the recruiter aware if you are going to be unavailable for any date during this time.

Application support

We want to remove any possible barriers and are committed to providing a wide range of reasonable adjustments so that you can keep the focus on your conversations and be at your best.

If you have an accessibility requirement, disability, or condition that means you might require changes to the recruitment process, please contact your recruiter to discuss this further. Our aim is to make your application as easy and comfortable as possible, and your recruiter will be happy to work with you to make any necessary arrangements where possible.