Consumer Investments Lead London, England
Financial Conduct Authority
Full Time
London, England
65000 GBP ANNUAL Today
Job description
Consumer Investments Specialist
Salary: National – up to £65,000 and London up to £70,000
Do you want to work in a team that assesses and make decisions on applications for authorisation across multiple sectors, including Wealth Managers, Financial Advisers, Investment Crowdfunders, Peer to Peer firms, Trading Platforms and SIPP operators.
We are recruiting a Lead Associate to join the Consumer Investments and Appointed Representatives department within the Authorisations division at the FCA.
This role, which forms part of the department’s leadership team, will involve using your technical expertise, regulatory judgement and people leadership skills to manage complex work, lead your team and projects/ improvement initiatives, ensuring we take effective action to manage risks to consumers. You will engage with firms and colleagues across the FCA, forming a view on which risks and harm matter most, and how to mitigate them. You will also be pivotal in our ability to scan the horizon to effectively identify and manage changes/opportunities and risks of harm in the regulatory landscape that might impact us.
What you will be doing
As a Lead Associate you will:
- Manage a team of associates, supporting their knowledge building, application assessments and career development
- Lead on the Authorisations strategy in relation to one of the portfolios (Wealth Managers, Financial Advisers, Investment Crowdfunders, Peer to Peer firms, Trading Platforms or SIPP Operators)
- Devise and drive forward strategies to mitigate risks identified in portfolios and most complex applications, deploying your technical expertise and the most effective means, to deliver good regulatory outcomes within statutory deadlines
- Lead on cross-FCA and local projects and improvement initiatives which span across regulatory, operational and people/culture aspects
- Support the wider management team in the delivery of departmental, divisional and organisational objectives to strengthen the gateway
- Use influencing skills, communicating assertively with firms to resolve issues
- Build and maintain positive working relationships with senior management within and outside Authorisations
- Horizon scan to identify cross-cutting trends, devising strategy and reporting these via governance channels
- Foster a culture of collaboration and continuous improvement
What will you get from the role:
- Be at the forefront of regulatory change; be able to directly shape and influence FCA’s response to risks of harm at a time of considerable change in the financial sector
- Work for a leading regulator and in a division that is investing extensively into its people and systems development
- Opportunity to further build your people leadership skills and regulatory knowledge, working as part of an experienced and supportive management team
- Exposure to breadth and depth of business models and complex regulatory matters across sectors
- Opportunity to work with, learn from and influence a wide range of industry professionals and senior FCA management
- A unique perspective on the financial services industry, with the opportunity to do meaningful work that makes a real difference to firms and consumers
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 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
Minimum
We're a signatory to the Government's Disability Confident scheme. This means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.
- Experience in leadership in a people management role and/or
- Demonstrable regulatory experience of one or more Consumer Investments sectors
Essential
- Ability to cut through complexity and see the big picture, to form judgments and make logical and timely regulatory decisions
- Experience of assessing conduct and prudential aspects, and building mitigating strategies around identified risks
- Ability to make a strong personal impact, in person and in writing, persuading others with well-reasoned arguments, and challenging where appropriate
- Ability to support and assist colleagues with both technical issues, and softer skills such as influence, negotiation and assertive challenge
- Ability to identify and build good working relationships with key stakeholders
- Good team player who demonstrates an inclusive approach and uses their influence to drive a collaborative culture and generate shared goals for the department
- Outcome focused, with the ability to maintain the integrity of difficult messages that may need to be conveyed, ensuring consistency and proportionality
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.
We particularly welcome applications from women, disabled, and minority ethnic candidates, as under-represented groups.
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 & hybrid working
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 Wednesday 5th July 2023
This role is graded as Lead Associate - Regulatory
What to expect from our interview process
- On-line application. Please submit your CV setting out how your experience and/or ability meets the criteria set out above
- Screening - your application will be reviewed/shortlisted by the recruiting managers.
- Competency-Based Interview and Final Stage Interview (subject to change)
Please note - applications must be submitted through online portal. Applications sent via email will not be accepted.
Got a question?
If you are an internal candidate and interested learning more about the role, please contact Demi Scarsella.
If you are an external candidate and interested in learning more about the role, please contact Chhavi Bartaria at [email protected]
Financial Conduct Authority
www.fca.org.uk
London, United Kingdom
Nikhil Rathi
Unknown / Non-Applicable
1001 to 5000 Employees
Non-profit Organisation
National Services & Agencies
2013
