Financial Resilience Associate

2 weeks ago


London, United Kingdom Financial Conduct Authority Full time

Are you interested in identifying potential sources of harm to both consumers and markets? Are you interested in limiting the potential for harm? The Financial Resilience Department (FRD) are seeking individuals who whilst developing their financial analysis skills, will help the department’s assessment of financial resilience through to comparing the financial resources and controls in firms to the risks inherent in their business models. Through this we limit the potential for harm to both consumers and markets. FRD’s mission is to provide high quality financial resilience assessments of the firms we regulate, and support the FCA more broadly, to meet its objectives.

There are five four teams in the department who work closely together to provide high quality assessments of the firms and markets regulated by the FCA. Two teams focus on assessing portfolios of firms and addressing financial resilience issues as they arise. Two teams focus on the financial resilience of a cohort of significant firms. Three teams focus mainly on proactive reviews of cohorts of firms across the FCA’s remit together with reactive work responding to financial resilience issues where they arise. The fifth fourth team is also responsible for our data, analysis and structured finance work.

We have roles available in the four teams focussed on the financial resilience of firms. All roles will involve financial analysis, assessing business models and controls and influencing firms to lessen the potential for harm.

We are open to consider flexible working arrangements.

What does the role involve?
- Supporting financial resilience assessments and/or analysis across different prudential risks and business models.
- Ensuring we are efficient in delivering high quality assessments/analysis on time.
- Dealing with queries from firms and supervisors.
- Demonstrating Judgement, Engagement, Delivery and Self-Management and the FCA values

What will you get from the role?

This is an incredibly interesting time to join the FCA’s team of prudential experts. You will get the opportunity to:

- Help shape the post-Covid, post-Brexit regulatory and supervisory framework for 49,000 financial services firms in the UK.
- Contribute to a challenging and varied portfolio of work, working on high-profile issues, in an intellectually stimulating environment where creating thinking and problem solving are essential.
- Work with and influence a range of industry professionals both within and outside the FCA.
- Work in a stretching environment, to grow your expertise at Europe’s largest prudential regulator.

About you

Minimum skills
- Demonstrate understanding of at least one of the business models of the firms we regulate
- Demonstrate an understanding of the financial risks firms are exposed to and their impact on financial resources

Essential skills

Required proven experience of:

- Risk management
- Supporting the delivery of projects to time and quality
- Contributing to the analysis and assessment of information and working with the team to provide a considered view, both orally and in writing
- Working in a team
- Ability to identify and manage key stakeholders

Desirable skills
- Understanding the FCA's approach to the regulation of financial institutions.
- Stress-testing experience

About the FCA

At the FCA, we’re creating a fair and more resilient financial system. We’re establishing more transparent relationships between financial services and their customers, building trust in financial markets and protecting vulnerable consumers.

Divisional Information

The FCA is the prudential regulator of 49,000 financial services firms. We want resilient firms who have financial resources that are commensurate to their activities and that minimise the potential for harm - both in life and in failure. Firms will fail, but firm failure should not be unexpected and should be orderly.

The Financial Resilience Department (FRD) is one of the specialist departments in the FCA. FRD’s mission is to provide high quality prudential expertise across all sectors, and support the FCA more broadly, in seeking to assess and mitigate the prudential causes of harm. Through this we deliver public value.

We deliver on our mission by focussing on firms with the greatest potential for harm, high risk portfolios and firms close to failure. We do this through using data and analysis to identify risks across the 49,000 firms and by assessing the adequacy of firm's financial resources - both through individual firm assessments and cross firm work.

The FCA's Values & Diversity

Our ambition is to create a diverse and inclusive workplace that reflects the society we serve, helping us to be a better regulator.

Useful Information
- The job family for this role is Associate 8
- The FCA has a national role and is committed to a national footprint. This role can be based in London or Edinburgh
- The FCA has London and National Pay ranges to reflect regional


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