National £51,200 - £69,400 (depending on experience)  

London £56,400 - £73,000 (depending on experience)  
 

Do you have a good understanding of the retail banking market?    Are you passionate about ensuring consumers are treated fairly and have access to information and financial services products that meet their needs?

The retail banking sector performs a critical role in the UK economy. As a Senior Analyst in the Retail Banking directorate, your work will impact millions of UK consumers. We supervise the largest and most complex retail banking groups, digital and foreign banks as well as mortgage lenders in the UK. We also set standards and tackle risks/harm across many high-profile topics such as the Cost-of-Living Crisis, Consumer Duty, Access to Cash, Savings Market review, the Provision of Banking Services, the use of AI and more. The directorate is both a very busy and very rewarding place to work.    

We are looking for an individual with a strong understanding of the retail banking market to join the Sector team in the Market Analysis and Policy (MAP) Department. The Sector team is responsible for supporting front-line Supervision teams, identifying and monitoring the key risk of harms within the Retail Banking sector, conducting data and outlier market analysis for the sector and supporting multi-firm work and projects across the sector.  The team also works closely with the directorate’s new strategy and delivery team to shape the directorate’s portfolio strategies.    

What you will be doing

Working alongside other team members, supervisors and key internal stakeholders, you will play a key role in delivering against the team’s core responsibilities: 

• Providing effective oversight of sector and portfolio-level risks of harm and in turn, helping to inform prioritisation decisions within the division
• Proactively contributing to the identification, measurement and on-going monitoring of risks of harm relevant to the retail banking and mortgages sector, horizon scanning for emerging risk 
• Maximising the use of data and intelligence to produce firm-specific, portfolio and sectoral analysis, insights and tools that add value 
• Helping supervisors and other stakeholders to better understand the sector and acquire the level of sector-specific knowledge they need through the delivery of effective knowledge sharing interventions
• Aligned to the division’s priorities, undertaking targeted communication and engagement activities with key internal and external stakeholders
• More broadly, providing guidance, support and challenge that helps the Division operate effectively

What will you get from the role?

• Playing a key role in the Directorate’s ongoing response to the Cost of Living Crisis, including the production of a Cost of Living Market Intelligence pack, working across the Market Analysis and Policy Department and Supervision teams to understand where potential harm is arising in light of the crisis and current environment and how to tackle this in a joined up approach
• Opportunity to influence the Directorate’s strategy, helping to define priority outcomes and measures of success
• Playing a key role in managing the Sector Team’s relationship with key external stakeholders e.g. Payment Systems Regulator/Prudential Regulation Authority, Financial Ombudsman Service, trade associations and external consultancies

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 of carrying out complex quantitative and qualitative analysis to solve problems and recommend solutions in the Banking and Mortgages sector
• Experience in building rapport and constructive relationships with both internal and external stakeholders
• Experience of writing and presenting substantial strategies and reports

Essential

• Ability to think broadly, consider complex sources of information, make risk-based judgements and contribute to the development and delivery of strategy
• Ability to work collaboratively and demonstrating strong interpersonal skills
• Flexible approach to change and an ability to adapt working styles accordingly
• Ability to manage competing priorities in a fast-paced environment
• Knowledge and understanding of the financial services industry and practice of applying varied regulatory tools

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 - 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 Senior Associate – Regulatory (Level 7)

What to expect from our interview process 

All applications will be reviewed once the advert has closed.

Shortlisted candidates 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.