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

Are you interested in joining a team that will help shape and deliver the future of Asset Management at the FCA?  

The Role  

This is an exciting opportunity to join the Asset Management and Funds Policy team, at a crucial time for the UK funds industry. This role is being offered as a fixed term contract until May 2025 to cover a colleague on maternity leave.

The team is responsible for setting and delivering the strategic policy direction for UK asset managers and authorized funds, and acts as a central source of expertise for the FCA and other UK authorities including HM Treasury and the Bank of England.  

With £9.9trn Assets under management the sector is key to the management of the savings and pensions of millions of people across the UK, the EU and globally. They support the process of raising capital from investors who range from pension funds to individuals and corporates, and the efficient allocation of investments across global capital markets. They play a vital role in economic growth by providing funding to businesses at all stages of the life cycle, whether that be a start-up, scale-up or international conglomerate.

This is a key moment for our economy as we move forward in our new relationship with the EU and seek to rebuild from the COVID-19 pandemic. It is a critical time for the Asset Management Sector and an exciting time to be able to influence and set the policy direction that impact millions of consumers, as well as UK markets.

We seek a policy maker to join the Asset Management and Funds policy team. The team is responsible for leading on Asset Management and Funds policy issues. The team work closely with colleagues across the FCA, including supervision, and engage with HM Treasury and the Bank of England in developing the UKs domestic policy position. The team feed into and represent the FCA in international standard setting bodies such as International Organization of Securities Commissions (IOSCO), on issues related to asset management and are a key contact point for joint FCA/Bank work on non-bank finance risks.

What you will be doing 

We are looking for someone who want to shape policy making at crucial time for the sector.  You will:

• Drive developing asset management and fund policy issues, and developing the policy into practical solutions and Handbook rules

• Manage a range of internal and external stakeholders, including HM Treasury and the Bank of England, as well as external trade associations

• Engage in and support workstreams of standard setting bodies and other regulatory institutions such as the Bank of England

What will you get from the role?

Asset management is in the public and regulatory focus perhaps more than ever. This is a fascinating time to shape the policy as the regulatory framework evolves, and as ESG thematic investing becomes ever more prevalent. You will be at the heart of regulatory decision-making and standard setting for a sector that millions throughout the country rely on.  Your work will have a real impact on the industry, UK investors and the UK economy alike. 

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  

• Private healthcare with Bupa 

• A non-contributory Pension of at least 8% of your basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach the age of 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

• Experience in the investment sector, either gained in industry, a trade body or regulatory authority 

• Experience of the regulatory framework for Authorised and Alternative funds and investment management firms (including COLL and FUND)

• Proven policy making experience

Essential

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

• Excellent problem-solving skills 

• Curiosity and motivation to work in a fast-paced environment 

• A passion for public service 

• Stakeholder management and communications skills 

• Self-starter

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 27th October

This role is graded as Senior Associate - Regulatory 

This role is being offered as a fixed term contract until May 2025 to cover a colleague on maternity leave.

What to expect from our interview process  

The process will involve the below stages:

• A competency based interview

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

Recruitment Timetable   

Advert closing Date: 27th October

First Round interviews: 5th-8th November

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.