Salary:
London £63,300 - £71, 000, depending on experience
National £57,600 - £69,000, depending on experience

Are you interested in helping to lead a team focussed on stopping the harm that comes from financial crime (fraud and scams), poor value, high risk and complex products and failure to appropriately support vulnerable consumers?

We have responsibility for supervising 500 firms with a range of business models including discretionary wealth managers, stockbrokers and outsourced service providers.

This role sits within the Advisers, Wealth & Pensions (AWP) Department which sits within the Consumer Investments (CI) Directorate. As a Lead Supervisor you will have line management responsibility for a small number of colleagues and support the manager in helping to deliver our vision across over firms that operate in the sector. CI’s vision is that consumers can: 

• Invest with confidence and understand the risks they are taking  
• Access & identify investments that suit their circumstances and attitude to risk 
• Be protected from scams 
• Get advice or support to invest, should they want it 

We are looking for a candidate with people management/coaching skills, an excellent level of supervisory or regulatory knowledge and experience, and who can demonstrate sound judgement. We believe in data-led, proactive and assertive regulation and are keen to hear from people who can think creatively about how to use data and external communications to target the highest risk firms and deliver consumer-focused outcomes.

What you will be doing

• Developing supervision and mitigation strategies, setting clear expectations to firms, influencing, persuading and where appropriate, using formal powers to change conduct behaviour to deliver better outcomes for consumers in line with the Consumer Duty
• Analysing the business models/strategies of firms, and identifying how conduct risks could cause harm to consumers and/or markets  
• Developing constructive working relationships with senior management in firms  
• Supporting the manager with the running of the team and being involved in cross-department initiatives

What will you get from the role?

• Opportunity to lead and support supervision strategies in relation to Consumer Duty and/or Financial Crime
• Opportunity to work in a complex, high profile, red portfolio, supervising a sector which services 4.2m customers, holding c. £1Tn of assets under management or under administration
• Contribute to the development and progression of colleagues within the team and department
• A unique insight into the workings of firms across the sector and have the opportunity to influence firms' senior management and behaviour
• Exposure to senior stakeholders and a diverse cross divisional FCA approach that includes Prudential, Resolution, Financial Crime and Enforcement action

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 

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 wealth management sector or regulatory, consultancy or compliance related role within financial services
• Experience of analysing data to identify trends, risks, key issues and presenting the results to a senior audience
• Demonstrated experience in leading, coaching, or managing teams, including supporting and developing colleagues

Essential

• Build effective working relationships to support the delivery of supervisory outcomes, flexing your style to build consensus and influence a range of diverse stakeholders 
• Take ownership of problems and drive forward pragmatic action-based solutions 
• Effectively manage priorities, which may change at short notice, and be able to adapt to change 
• Ability to influence and negotiate while maintaining the integrity of the issues that need to be conveyed
• A sound understanding of the Consumer Investments sector (or willingness to learn): including knowledge of retail investment products and services, and the key risks posed by firms in the sector
• External communications/ speech writing experience or project management skills

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 Lead Associate - Regulatory 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 Sunday 1st September 2024

This role is graded as Lead Associate – Regulatory

What to expect from our interview process  

All applications will be reviewed once the advert has closed.

Shortlisted candidates will be invited to complete a case study first. If you are successful at the case study stage, you will be invited for a 60-min competency-based interview.

Got a question?    

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

For Internal applicants, please contact Cheryl Cheung at [email protected]

For External applicants, please contact Aaron Ward at [email protected]

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. 

Please note – Applications must be submitted through our online portal. Applications sent via email will not be accepted.