Salary:  National ranging from £51,200 to £66,000 and London £56,400 to £73,000 per annum – Salary offered will be based on skills and experience

Do you want to be a part of a stimulating and collaborative team environment, working on the frontline of an expanding Fund Supervision function at a world-leading Financial Services Regulator?

We are recruiting for a Senior Fund Supervisor to join the Asset Management Departments Fund Supervision team.

Our focus is to develop a quantitative fund supervision strategy to complement comprehensive qualitative analysis. This is to ensure we play a role in preventing harm to consumers and financial markets as well as promoting competition. This is achieved through a combination of quantitative fund screening, firm-specific, sector-wide and event-driven work for the funds we supervise. As a Fund Supervision Senior Associate, you will be part of a team responsible for the supervision of investment funds at the heart of ‘what asset managers do’ and whose conduct can impact and influence households and financial markets across the UK and beyond.

What you will be doing

• Support Asset Management Firm Supervisors deliver contemporaneous market and product intelligence to enhance industry engagement

• Working on event-driven (reactive) Fund related work in response to firm issues and industry developments

• Engage with firms and their Fund Managers to influence conduct behaviour to deliver better outcomes for their customers, including portfolio risk, performance and alignment with fund objectives, the FCA Principles and Rulebook

• Work closely with Fund Authorisations and Fund Policy to support and assist delivery of their mandates

• Contributing to the wider department, including making recommendations for continuous improvement of our processes and identification of sector-wide risks and issues

What will you get from the role?

This exciting role offers you the opportunity to analyse, engage and influence change at firms across the asset management sector.  

Working in the department offers a key insight into a dynamic and critically important sector, at a time of rapid and fundamental change. You will gain in-depth experience of the asset management sector, the wholesale financial markets and regulatory frameworks they operate in. You will also support and learn from experienced professionals on high profile projects and develop your skills in delivery and regulation.

You will work with and influence a wide range of professionals, both inside and outside the FCA. We place great emphasis on learning and offer world-class development opportunities to assist you in achieving your career aspirations.

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’ll have 

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. 

Minimum 

• Proven experience in the first, second, or third line of an asset manager, or (equivalent) in an organisation that works with asset managers

• Experience of identifying and communicating fund features and agreeing changes with senior management

• Evidence of intermediate, or advanced, financial analysis using common tools such as, Excel, R, or Python

Essential

• Good knowledge of a variety of Collective Investments such as Unit Trusts, OEICs, and other fund vehicles; and the assets they invest in

• An understanding of the FCA's role and objectives

• Ability to work at pace and prioritise competing objectives

• Ability to communicate key messages and explain issues in a clear and concise manner

• Ability to operate with confidence in an environment of uncertainty, complexity and rapid change, and provide support across relevant workstreams

• Strong interpersonal skills to build and maintain relationships with stakeholders

• Experience of common data providers such as, Morningstar/Sustainalytics, ISS, MSCI, Bloomberg or Refinitiv

About the FCA 

The FCA regulates the conduct of 50,000 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.

The FCA is committed to achieving greater diversity across all levels of the organisations. Given this, we particularly welcome applications from women, disabled and minority ethnic candidates for our senior 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. 

Multilocation

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 midnight on 26th August

This role is graded as Senior Associate - Regulatory 

What to expect from our interview process  

The process will involve the below stages:

• A timed case study to be completed and returned

• A 60-minute competency based interview

Your Recruiter will discuss the process in detail with you during screening for the role.

Recruitment Timetable   

Advert closing Date: 26th August  

Case study completion: 4th-6th September

Competency interview: W/C 16th September

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

Got a question?  

If you are an external candidate and you are interested in learning more about the role, please contact Aaron Ward on [email protected]

If you are an internal candidate and you are interested in learning more about the role, please contact Lucy Matthews on [email protected]

Please note that all applications must be submitted through our online portal before the closing date, applications sent via email will not be accepted.

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.