The Role
We are looking for talented, motivated and outcome focused individuals with varied experience and backgrounds to join the Market Interventions – Payments team in our new, diverse, and inclusive Payments and Digital Assets division.
The Market Interventions – Payments Department is responsible for supervising over 1250 non-bank payment service providers, and for providing specialist payments support and insight across the FCA. You will be involved in a diverse range of issues including consumer harm, prudential weakness, and financial crime. We also work closely with closely with external stakeholders such as The Bank of England and His Majesty's Revenue and Customs (HMRC) to deliver a co-ordinated supervisory approach.
For this role we are seeking candidates with sound judgement and strong analytical, stakeholder management and communication skills. We welcome applications from existing Senior Associates or Associates looking to take the next step in their career.
What do the roles involve?
The opportunity to work across new, different, and often innovative business and operational models for firms operating in the payments market. You will also collaborate effectively and proactively with colleagues across the FCA, other regulators and law enforcement agencies both in the UK and internationally.
You will be responsible for assessing regulated firms’ compliance against the relevant rules and requirements, and/or whether unregulated firms fall within the perimeter.
Influencing senior industry figures to change how they operate if they are not meeting the rules and requirements and in the most severe cases taking regulatory action to stop firms operating their businesses.
What will you get from the role?
The opportunity to:
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Work on the front line of the protection of UK customers
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Develop skills and capabilities within a regulated environment, able to assess and quantify risk and develop appropriate strategies to stop the risk happening
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Learn and develop a deep understanding of relevant legislation and how it applies to regulated firms
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Play a key role in shaping and influencing strategy and policymaking in this sector
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Work within a dynamic and innovative team, contributing to wider divisional and FCA wide opportunities to move onward towards leadership roles
About You
Minimum
**
Any disabled applicant meeting the minimum criteria will automatically progress to interview stage, should they enter under the
Disability Confident scheme
.
For more information on the FCA’s commitment to building a diverse and inclusive
workforce, including
guidance on drafting criteria, please refer to the
FCA’s Positive Action Framework.
**
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Experience of analysing information, making risk-based judgements, and presenting key issues and recommendations
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Proven communication skills
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Proven experience of building and managing relationships with stakeholders at all levels, including senior management
Essential
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Experience of successful teamwork and working with others
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Strong analytical capability with proven ability to reach sound judgements quickly and clearly from a broad and varied range of information
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Proven ability to balance and manage competing priorities and move forward in a fast-paced environment
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Curiosity and motivation to continually learn about and investigate issues within the firms and industry we supervise
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Willingness to learn and develop yourself and others, taking on new responsibilities and adopting a flexible and pragmatic approach to your work
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Experience of successful teamwork. You will work with others to deliver outcomes and achieve tasks and you will proactively offer your support to colleagues
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Ability to escalate issues in a timely manner
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Ability to present yourself and the FCA in a professional and credible manner, with strong oral and presentation skills
Desirable
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Experience in firm supervision, unauthorised business, or financial promotions work (Supervision roles only)
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Proven experience of dealing with policy issues relevant to consumer protection in regulated industries (policy roles only)
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Knowledge of one or more of the UK regulatory framework for instance cryptoassets, Financial Crime, or Anti-Money Laundering work
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Experience of assessing risks arising in complex business models
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Experience of applying new rules and policies in cases, which may set precedents
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Experience of delivering interventions in reactive or proactive cases
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.
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.
Our Values
All FCA colleagues are expected to demonstrate behaviours in line with our five values – Deliver in the public interest, Act with integrity, Be ambitious, Work inclusively and Connect and deliver. Through the selection process we check for alignment to our values. For more detail on our values, please see
here
.
Additional Information
- This role is graded Senior Associate - Regulatory
- This is a permanent role
- This role can be based in London, Edinburgh and Leeds
- The salary range for London is approximately £53,300 - £60,000 depending on the successful candidate’s skills and qualifications, plus a competitive benefits package and non-contributory pension.
- The salary range for Edinburgh is approximately £49,700 - £57,000 depending on the successful candidate’s skills and qualifications, plus a competitive benefits package and non-contributory pension.
- The salary range for Leeds is approximately £49,700 - £57,000 depending on the successful candidate’s skills and qualifications, plus a competitive benefits package and non-contributory pension.
- Applications for this role closes on 25th May 2023
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If you are external and interested in learning more about the role, please contact Chhavi Bartaria on
chhavi.bartaria@fca.org.uk
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If you are internal and interested in learning more about the role, please contact Kezia Downie on
kezia.downie@fca.org.uk
The FCA supports hybrid working and you will be expected to work 40% of your time over a month, in our office. We will consider other flexible arrangements, for example part time working, and you can discuss this with the recruiter.
Please note – Applications must be submitted through our online portal. Applications sent via email will not be accepted.