Risk Professional Senior Associate

The Role

We are looking for risk professionals to join our Financial Resilience Department (FRD) here at the FCA. FRD’s mission is to provide high quality prudential financial analysis expertise across the firms we prudentially regulate, and to support the FCA more broadly, into meeting its objectives.

The Financial Resilience Department supports the FCA in ensuring that we avoid and minimise harm arising from the disorderly wind down of firms, particularly the 49,000 firms the FCA prudentially regulates.

The department undertakes, and supports the rest of the FCA in undertaking, high quality financial and risk analysis of the full spectrum of FCA prudentially regulated firms. This includes assessing the financial resilience of firms, both for large firms and on a portfolio basis, conducting thematic assessments of risk management practices, monitoring and responding to issues as they arise.

Senior Associates in the department are responsible for:

- Leading and supporting financial resilience assessments of firms with diverse business models across the wholesale and retail financial services sectors
- Ensuring we are efficient in delivering high quality assessments/analyses in a timely manner
- Assessing the appropriate regulatory tool (or tools) to ensure firms meet appropriate standards of financial resilience
- Providing coaching, oversight and support to associates in the department
- Supporting front-line supervisors
- Role modelling Judgement, Engagement, Delivery and Self-Management and the FCA values

What will you get from the role?

Working in the Financial Resilience Department, you will have a rare opportunity to understand and shape the workings of the financial sector at a time of considerable change. You will enjoy a unique aerial view of the financial services industry, with the opportunity to do meaningful work that makes a real difference.

You will have the opportunity to work with and influence a wide range of industry professionals, both internally and externally to the FCA we place great value on your learning and we offer world-class development opportunities which will assist you in achieving your career aspirations.

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
- Knowledge of at least one business model of the firms regulated by the FCA
- Knowledge of the risks inherent in the business models of financial services firms
- Show experience of presenting issues and judgements on critical matters to senior stakeholders both within and external to an organisation

Essential
- Prudential risk management and regulatory frameworks
- Dealing with complex prudential issues
- Analysing and assessing information and providing a considered view both orally and in writing
- Leading projects to time and quality
- Being a team player who demonstrates an inclusive approach and the impact and influence to generate shared goals for the Department

Desirable
- Understanding the FCA's approach to the prudential regulation of financial institutions and knowledge of the different prudential regimes'
- Ability to influence senior individuals EU and UK and/or familiarity with non-IFPRU prudential regimes
- Risk background
- Good understanding of Stress-testing in the context of a financial services institution 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.

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 Inform