Senior Firm Supervisor – Retail Banking, Fixed Firm Supervision team

Financial Conduct Authority (FCA)

11d ago

Applications are closed

Job
Full-time
Senior & Expert Level
Government & Politics
Banking & Finance
London

Requirements

Experience regulating or working with regulated financial services firms on one of the FCA retail banking priorities: consumer duty, financial crime, fraud, operational resilience.
Strong written communication skills and experience in building and maintaining relationships with senior management and stakeholders internally and externally
Experience working in an analytical role to reach sound judgements quickly and clearly from a broad and varied range of information
The ability to act on your own initiative to make informed and timely decisions, cutting through complexity, identifying the key issues and escalating issues appropriately
Ability to present yourself and the FCA in a professional and credible manner, with strong oral and presentation skills
Experience of successful teamwork. You will work with others to deliver outcomes and achieve tasks and you will proactively offer your support to colleagues.
Proven ability to balance and manage competing priorities, with factors often outside of your control
Ability to manage work with minimal oversight
Willingness to learn and develop yourself and others, taking on new responsibilities and adopting a flexible and pragmatic approach to your work
Flexible approach to change and an ability to adapt working styles accordingly

Responsibilities

Engaging with the senior management of firms and influencing them to deliver better customer outcomes, including discussions regarding the culture, business model, governance and systems and controls within their firms
Analysing firms’ business models and strategies and identifying the key risks of harm, dealing with complex problems, and finding solutions
Contributing to the development, implementation and oversight of effective, assertive supervisory strategies to address key risks of harm and recommend supervisory interventions where appropriate
Using data to identify trends, outliers and provide insights to support the Divisions work and working on event-driven (reactive) work in response to firm issues and industry developments
Forming sound judgement on a variety of regulatory topics and communicating this clearly and succinctly to internal and external stakeholders
Working collaboratively and building strong relationships with stakeholders across the Directorate, the wider FCA and key external stakeholders such as the Prudential Regulation Authority and trade bodies
Contributing to the wider Department and Division, including making recommendations for continuous improvement of our processes, supporting colleagues and identification of sector-wide risks and issues

FAQs

What is the salary range for this position?

The salary range for the Senior Firm Supervisor position is £51,200 to £64,000 for locations in Edinburgh and Leeds, and £56,400 to £70,400 for London, depending on skills and experience.

What is the role of the Fixed Firm Supervision team?

The Fixed Firm Supervision team is responsible for supervising two of the largest UK global retail banking groups, ensuring they meet FCA objectives and deliver better customer outcomes.

What qualifications are required for this role?

Candidates should have experience regulating or working with financial services firms on FCA retail banking priorities, strong written communication skills, and analytical experience to make sound judgments.

How does the FCA promote diversity and inclusion?

The FCA is committed to achieving greater diversity and welcomes applications from women, minority ethnic, disabled, and neurodivergent candidates. They aim to create a culture that respects individual strengths and experiences.

What benefits do employees receive?

Employees receive 25 days of holiday per year, hybrid working options, private healthcare, a non-contributory pension of at least 8%, life assurance, and income protection, along with the opportunity to customize a benefits package.

What is the application process for this role?

Shortlisted candidates will first complete a case study, followed by a competency-based interview if they succeed. The closing date for applications is December 8, 2024.

Can I apply for this position if I need flexible working arrangements?

Yes, the FCA welcomes candidates looking for flexible arrangements, including part-time work, staggered hours, and job shares.

How can I contact someone for more information about the role?

External applicants can contact Aaron Ward at aaron.ward@fca.org.uk for more information. Internal applicants should reach out to Cheryl Cheung at cheryl.cheung@fca.org.uk.

What experience is deemed essential for this position?

Essential experience includes the ability to make informed decisions independently, strong oral and presentation skills, ability to manage competing priorities, and willingness to learn and develop.

What type of work will I be doing in this role?

The role involves engaging with senior management, analyzing firms' business models, contributing to supervisory strategies, using data for insights, and collaborating with various stakeholders to drive FCA objectives.

Financial Conduct Authority (FCA)

We aim to make markets work well – for individuals, for business, large and small, and for the economy as a whole.

Finance

Industry

1001-5000

Employees

2013

Founded Year

Mission & Purpose

The Financial Conduct Authority (FCA) is the regulatory body for the financial services industry in the United Kingdom. Its primary responsibility is to ensure the stability and integrity of the financial markets and to protect consumers. The FCA regulates various financial institutions, including banks, insurance companies, investment firms, and mortgage providers, to ensure that they comply with relevant laws and regulations. The ultimate mission of the FCA is to promote effective competition and fair practices in the financial industry while safeguarding consumers' interests. Their purpose is to maintain the trust and confidence of the public in the financial system by overseeing and enforcing rules that promote transparency, accountability, and fair treatment of consumers. The FCA also provides educational resources and guidance to help consumers make informed financial decisions and protect themselves from potential risks and scams.