Senior Financial Crime Supervisor

Salary: National from £51,200 to £64,000 and London from ££56,400 to £70,000 depending on skills and experience

The team/department

The Financial Crime Market Intervention Department provides the dedicated specialist resource and expertise to help the FCA meet its financial crime responsibilities, as contained in the FCA’s wider objective on integrity and in its specific freestanding duty on financial crime.

The department is comprised of four Financial Crime Specialist Supervision teams, a Sanctions Supervisory Team, a Risk, Data & Strategy Team (RDS) and a Financial Crime Public Commitments Strategy & Delivery Team. Working together with others inside and outside the FCA, we deal with issues involving money laundering, financial sanctions and bribery and corruption.

The Financial Crime Market Interventions department does not cover market abuse or fraud.

What you will be doing

This role sits in one of the Financial Crime Market Intervention Department’s four supervision teams. The teams focus on the effectiveness of firms’ financial crime systems and controls. This is done through a range of supervisory work including assessments, visits, and interventions of regulated firms. We work closely with front line supervision to assess firms’ compliance with relevant rules, laws and guidance.

As a Senior Associate you will manage your own case load, including the delivery of our proactive supervisory assessment programmes, a portfolio of reactive casework and relationship-manage major firms. You will handle the more complex pieces of work, chair meetings and supervise visits, and be expected to make appropriate judgements on regulatory actions following proactive or reactive assessments. You will be responsible for ensuring that the objectives of the Financial Crime Market Intervention department are delivered through your activities. You will work with a variety of internal and external stakeholders to ensure that they are kept informed and engaged as appropriate.

You will report to a Financial Crime Market Intervention Department Manager.

What you will get from the role?
- An interesting and varied workload, with responsibility for directing and delivering the work assigned to you
- The opportunity to work on and/or lead and support potentially high profile or complex casework and to support and lead on financial crime systems and controls assessments of regulated firms across various financial sectors
- The chance to join a friendly, collaborative and informal environment committed to thinking creatively about achieving good anti-financial crime outcomes for the FCA
- The opportunity to use your judgement to make choices at pace, stand by them, and learn from experience
- A chance to understand the changing ways in which firms and the industry operate, and the implications for how we carry out our work on financial crime.
- The opportunity to help shape the Financial Crime Market Intervention Department’s future activities and ways of working.

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 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 will have

Minimum
- Significant financial crime experience (for example; a supervision, compliance or financial crime role within a regulatory body, law enforcement, government, financial services or consultancy firm)

Essential
- Good knowledge of the FCA’s regulatory and legal frameworks and the structure of the financial services industry - i.e. key products and services and key processes, including how these impact financial crime risk
- Ability to undertake complex assessments of systems and controls at regulated firms, including supervising and/or being a team member for onsite visits and choosing appropriate regulatory tools to ensure firms’ compliance
- The ability to quickly evaluate and interpret a variety of data and information to execute effective action to mitigate risk
- Experience working effectively with a variety of stakeholders, both internal and external, providing effective challenge and seeking mutually beneficial solutions to problems
- Excellent written communication skills and ability to communicate complex information in a wa