Senior Associate

Senior Financial Crime Supervisor - Sanctions

Division - Financial Crime Market Intervention - Specialist Division

Salary - National (Edinburgh and Leeds) ranging from £52,400 to £65,500 and London £57,700 to £72,000 per annum (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 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 and a Financial Crime 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.

This role sits in the Financial Crime Market Intervention Department’s Sanctions Supervision team. The team focuses on the effectiveness of firms’ systems and controls relating to compliance with sanctions. This is done through a range of supervisory work including assessments, visits, and interventions of regulated firms and well as policy development and external engagement. We work closely with front line supervision and external partners to assess firms’ compliance with relevant rules, laws and guidance.

What will you be doing?

As a Senior supervisor, you will be responsible for helping to deliver our proactive supervisory assessment programme and portfolio of reactive casework, relating to predominantly sanctions and some wider financial crime issues. You will contribute to the development of our policies and guidance relating to sanctions compliance and our engagement work with industry and external partners on sanctions matters.

These activities ensure that we deliver the objectives of the department to ensure that UK regulated firms are not used to further sanctions evasion. You will manage your own personal case and project workload and be involved in the relationship-management of major firms. You will be expected to make appropriate judgements on regulatory actions following proactive or reactive assessments and policy development. 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 will you get from the role?
- The opportunity to lead and support high-profile or complex casework, as well as conduct financial crime systems and controls assessments across various financial sectors
- Involvement in developing policy and guidance with respect to sanctions compliance, and engagement with a wide range of internal and external stakeholders
- The opportunity to contribute to shaping the future direction and operational approach of the Financial Crime Market Intervention Department
- A welcoming, collaborative, and informal environment that encourages creative thinking to drive effective anti-financial crime outcomes for the FCA
- A dynamic and varied workload, where you’ll take ownership of directing and delivering assigned tasks

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

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Minimum
- Experience within financial crime, including a strong understanding of relevant financial crime rules (for example from a relevant supervision, compliance or financial crime role within a regulatory body, law enforcement, government, financial services or consultancy firm
- Experience in undertaking complex assessments of the financial crime systems and controls, and/or the compliance with sanctions legislation and standards of financial services firms and/or development of UK sanctions policy

Essential
- Good understanding of the FCA’s regulatory and legal frameworks, alongside a clear awareness of the structure of the financial services industry - covering key products, services and processes that influence financial crime risk
- Experience of assessing and interpreting a wide range of data and information with agility, enabling responsive and effective actions to help mitigate risk
- Well-developed communication skills and ability to communicate complex information in a way that is accessible to a range of recipients, including through experience of producing substantive written reports and oral presentations
- Proven experience of contributing to challenging meetings with senior-level individuals with confidence an