Senior Associate - Regulatory

Senior Associate - Regulatory – Permanent – JR0017805

Risk Framework Team – London, Edinburgh, Leeds

Salary range is £52,400 – £86,000 for National and £57,700 - £88,700 (Salary offered will be based on skills and experience)

About the FCA

The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair, and competitive. Follow this link to find out more About the FCA, the Risk and Compliance Oversight Division (R&CO) performs the second line of defence function in the FCA. As the R&CO help the FCA identify, assess, and report risks that threaten the FCA's ability to deliver its statutory objectives.

The Division is responsible for:

• Defining and owning the FCA Risk Management Framework.

• Providing ongoing guidance and oversight of risk management across the FCA.

• Enterprise-wide risk analysis and reporting.

• Delivery of Regulatory Investigations and Assurance.

• Compliance Oversight; and

• Complaints.

We are recruiting for a talented individual to work in our Risk Framework Team. The Risk Framework team are responsible for establishing and maintaining the design and implementation of the Risk Management Framework and supporting infrastructure, this includes working with key colleagues across the R&CO, such as Risk Advisory, to explain the FCA Risk Management Framework and its key components, for example Risk Taxonomies, Risk Tolerance statements, Policies, Standards (Controls) and how these apply to a situation. The team also helps the business fulfil their responsibilities for delivering their objectives and priorities by using effective risk management

tools and techniques, such the FCA risk and audit system and for facilitating structured risk workshops.

This is a high-profile role which requires a mix of delivery focus, business engagement and technical risk skills.

What will you be doing?

Supporting the development, maintenance, and application (where relevant) of FCA’s Risk Management Framework (RMF) and the tools and processes that underpin it, including the Risk and Control Self-Assessment (RCSA).

• Helping the business use the Risk Management Framework to identify and understand risks (including the strength of the control environment) and to put in place appropriate mitigation.

• Actively promoting a culture of risk management through advice and training, including advice on the

delivery of operational and behavioural change.

• Providing technical support on the FCA’s Risk and Audit System to colleagues in Risk and Compliance

• Providing analysis and insight to colleagues in R&CO and the wider organisation.

• Working with colleagues in Risk and Compliance Oversight, Risk Advisory, and the wider organisation to ensure the RMF and supporting infrastructure are appropriated communicated, understood and embedded in day-to-day business processes.

What will you get from the role?

You will work on a varied set of tasks and deliverables in the team, this includes having the opportunity to lead on important projects shaping the second line view and shaping the organisational approach to risk management. You will have a pivotal role and numerous opportunities where you’ll be empowered to shape the approach and outcomes of risk management initiatives. You’ll also work continuously with colleagues both within R&CO and across the FCA to deliver these initiatives.

Which skills are required?

We are a Disability Confident Employer; therefore, disabled people or individuals with long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. (To learn more about the Disability Confident Scheme Click Here)

Minimum

• Experience of working in a Risk Function within a large/complex organisation; with significant knowledge and experience of Risk Management Frameworks, methodologies, tools, including risk and control self-assessments.

• Demonstrable experience of providing risk management training to others.

• Experience in delivering projects end to end, including managing timelines.

Essential

•Demonstrable experience of working with risk systems, how they are used to support risk and control assessments, risk event (incident) management and Key Risk Indicators.

• A flexible approach to the way you work and what you work on, and the ability to work in a changing environment including delivering at pace to tight deadlines.

• Excellent stakeholder management skills with the ability to promote productive working relationships with other divisions: being able to understand others' perspectives while persuasively presenting your own views to find mutually agreeable solutions.

• Excellent written and oral communications skills including the ability to communicate confidently and credibly with colleagues, senior management and subject matter experts.

• Good understanding of the FCA, and its approach to regulation.

• Ability to quickly assimilate and analyse detailed information to form prioritised judgements and identify potential risks.

• Self-motivated with a proactive approach to work; able to use own initiative to identify potential issues and suggest solutions.

• Well organised and able to work on several different tasks at the same time.

Our 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 role.  Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.

Benefits of working at the FCA

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 also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle.

Follow this link to see what life is like at the FCA - Life at the FCA

Application Support

We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible.

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.

Useful Information and Timeline

•        Advert Closing Date: 28th April

•        CV Review/Shortlist: 30th April

Got a question?

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

•        For internal applicants or external applicants, please contact Cameron Nunn at [email protected]

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