Credit Rating Agency Supervision Associate

Credit Rating Agency Supervision Associate
Division: Infrastructure and Exchanges
Department: Supervision, Policy & Competition

• Salary: National (Edinburgh and Leeds) ranging from £43,100 to £50,000 and London from £47,300 to £55,000 (salary offered will be based on skills and experience)

• This role is graded as: Associate – Level 8 - Regulatory

• Your recruitment contact is Tahir Khan via Applications must be submitted through our online portal. Applications sent via social media or email will not be accepted.

We regulate financial services firms in the UK, to keep financial markets fair, thriving and effective. By joining us, you'll play a key part in protecting consumers, driving economic growth, and shaping the future of UK finance services.  

We are currently looking for a talented person to join the Credit Rating Agencies (CRA) Supervision team within the Capital Markets Department. The Capital Markets Department within the Supervision, Policy and Competition Division at the FCA is responsible for both credit rating agencies supervision and policy.

The CRA Supervision team is responsible for the supervision of UK regulated credit rating agencies. CRAs play a key role in providing an assessment of the creditworthiness of governments, corporates and other issuers of securities. Where they perform this role effectively, investors are well-informed on the risks of investing in these assets and hence, capital is more efficiently allocated. These outcomes contribute particularly to the FCA's statutory objective for market integrity, and its consumer protection objective. We supervise CRAs according to the UK regulation and in line with the FCA Approach to Supervision.

Role responsibilities:

• As part of the CRA team, you will support the supervisory strategy by gathering and reviewing intelligence on individual credit rating agencies and credit ratings sector, driving engagement with firms with the view of influencing conduct behaviour

• You will assist on projects within the supervision strategy to mitigate or reduce harm to consumers and enhance market integrity

• You will be required to exercise expert judgement to reduce and mitigate risks of harm emanating from the credit ratings business model and strategy

• The role involves communicating effectively with internal stakeholders

• You will work with others in the Capital Markets Department, including Benchmarks Supervision to share knowledge, identify risk and issues, and collaborate on common supervisory processes

Minimum:

• Experience working in a regulatory and/or financial services sector, such as credit rating agency, commercial or investment bank, asset management, law firm or any other regulatory body

• Experience with gathering, summarizing and/or analysing large volumes of data and presenting your analytical findings

Essential:

• Understanding of, and curiosity about, wholesale financial markets, including credit rating agencies and the role of credit ratings

• Strong verbal and written communication skills and the ability to present well-reasoned arguments in a clear and concise manner

• Proven ability to balance and manage competing priorities, with factors often outside of your control

• Flexible approach to change and an ability to adapt working styles accordingly

• Experience of successful teamwork. You will work with others to deliver outcomes and achieve tasks, and you will proactively offer your support to colleagues

Benefits:

• 25 days annual leave plus bank holidays

• Hybrid model with up to 60% remote work

• Non-contributory pension (8–12% depending on age) and life assurance at eight times your salary

• Private healthcare with Bupa, income protection, and 24/7 Employee Assistance

• 35 hours of paid volunteering annually

• A flexible benefits scheme designed around your lifestyle

For a full list of our benefits, and our recruitment process as a whole visit our benefits page.

Our Values & Culture

Our colleagues are the key to our success as a regulator. We are committed to fostering a diverse and inclusive culture: one that's free from discrimination and bias, celebrates difference, and supports colleagues to deliver at their best. 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.

If you require any adjustments due to a disability or condition, your recruiter is here to help - reach out for tailored support.

We welcome diverse working styles and aim to find flexible solutions that suit both the role and individual needs, including options like part-time and job sharing where applicable.
 

Disability Confident: Our Hiring Approach

We're proud to be a Disability Confident Employer, and therefore, people or individuals with disabilities and long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. In cases of high application volumes  we may progress applicants whose experience most closely matches the role's key requirements.
 

Useful Information and Timeline 

• Job advert close: 2nd November at 23:59pm

• CV Review/Shortlist: 4th November

• Case study: w/c 10th November

• First interview: 13th November onwards

• Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time.