Supervisor - Wealth Management/ Retail Portfolio Management Supervision
Division – Consumer Investments
Department – Advisers, Wealth & Pensions (AWP)
Salary - National (Edinburgh and Leeds) ranging from £41,800 to £55,000 and London £46,000 to £60,000 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.
We are currently recruiting for an Associate to join Wealth Management and Retail Portfolio Management supervision. We have responsibility for supervising over 400 firms with a range of business models including discretionary wealth managers, stockbrokers and outsourced service providers. We are particularly focused on stopping harm that comes from financial crime, fraud and scams, unsuitable advice, high-risk investments and poor value products and services, by ensuring consumer interests are central to the firms within the sector.
You will be part of the Advisers, Wealth & Pensions (AWP) Department which sits within the Consumer Investments (CI) Directorate. You will have the opportunity to help deliver our vision across firms that operate in the sector. CI’s vision is that consumers can:
* Invest with confidence and understand the risks they are taking
* Access & identify investments that suit their circumstances and attitude to risk
* Be protected from scams
* Get advice or support to invest, should they want it
What will you be doing?
* Supporting the development of assertive supervision and mitigation strategies, setting clear expectations to firms, influencing, persuading and where appropriate, using formal powers to change conduct behaviour to deliver better outcomes for consumers
* Analysis of the business models/strategies of firms, and identifying how conduct risks could cause harm to consumers and/or markets
* Developing constructive working relationships with senior management in firms and building strong working relationships with internal stakeholders who can support the delivery of the supervision strategies
* Understanding and applying FCA Principles and Handbook rules
* Escalating issues as appropriate, including proposing proportionate, outcome-focused solutions to FCA senior management and relevant governing committees
What will you get from the role?
* Stimulating and exciting environment with varied and high-profile work
* Unique insight into the workings of firms across the sector and have the opportunity to influence firms' senior management and behaviour
* Exposure to senior stakeholders and a diverse cross-divisional FCA approach that includes Prudential, Resolution, Financial Crime and Enforcement action
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 Click Here)
Minimum
* Experience of analysing, and making recommendations based on information relating to risks and firms’ compliance with FCA rules
* Excellent written communication skills
* Experience in the investment sector, gained through industry or regulation
Essential
* Stakeholder management: you can build effective working relationships to support the delivery of supervisory goals, flexing your style to build consensus and influence a range of diverse stakeholders
* Strong sense of accountability: you take ownership of problems and drive forward pragmatic action-based solutions
* Organisational skills and prioritisation: you can effectively manage priorities, which may change at short notice, and be able to adapt to change
* Ability to influence and negotiate while maintaining the integrity of the issues that need to be conveyed
Our Values & Diversity
We are proud to be an inclusive employer and our ambition is to cultivate a culture for all employees that respects their individual strengths, views, and experiences. 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.
Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work/life balance and support our diversity ambitions.
Did you know? 50% of our Executive Committee were the first in their family to attend university.
The FCA is committed to achieving greater diversity across all levels of the organisation. Given this, we particularly welcome applications from women, minority ethnic, disabled, and neurodivergent candidates for our associate role.
Benefits of working at the FCA
* 25 days holiday per year plus bank holidays
* Hybrid working (work from home up to 60% of your time)
* Private healthcare with Bupa
* A non-contributory Pension of at least 8%
* Life assurance
* Income protection
We also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle.
We welcome applications from candidates who are looking for flexible arrangements. Many of our staff work flexibly including working part-time, staggered hours, and job shares. We can’t promise to give you exactly what you want but we can explore what might work best for both sides.
Follow this link to see what life is like at the FCA - Life at the FCA
Application Support
We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible.
If you have an accessibility need, disability, or condition requiring changes to the recruitment process, please contact your recruiter using the details below and they will be happy to discuss this further with you.
Useful Information and Timeline
* This role is graded as: Associate – Level 8 – Regulatory
* Advert Closing Date: 19th February 2025
* First Round Case Study Assessment: W/C 3rd March
* Competency Based Interview: W/C 10th March
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.
Got a question?
If you are interested in learning more about the role, please contact:
* For internal applicants, please contact Sara Holland at Sara.Holland2@fca.org.uk
* For external applicants, please contact Aaron Ward at Aaron.Ward@fca.org.uk
Applications must be submitted through our online portal. Applications sent via email will not be accepted.
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