Senior Associate - Accountability Team

FCA Perm
East London
£40,000 - £65,000
02 Dec 2016
Job Sector
Finance & Banking
Contract Type
Full Time
Senior Associate - Accountability (Accountability Team)


There are few jobs where you can make a real difference to the 2 million people who work in the UK Financial Services industry, the 40 million consumers of financial products and the stability of our economy as a whole.

Our people are integral to our success as an organisation, working alongside industry, visiting firms and speaking to consumers every day as we strive to ensure the FCA is setting the standard for other regulatory bodies across the world.

From regulating Consumer Credit to driving action on Foreign Exchange manipulation or helping strengthen accountability in the banking sector, the FCA is working with the industry to protect consumers, ensure the integrity of the UK financial system and promote fair and effective competition. Our remit has expanded significantly since our creation in 2013, with the number of firms we regulate growing from 23,000 to over 56,000. We oversee conduct across the full span of the financial sector from global investment banks to high street payday lenders, and are now preparing to implement a new strategy that will sharpen our focus to face the regulatory challenges ahead.

Within the Financial Conduct Authority (FCA), the Accountability Team is responsible for leading Supervision's work on the implementation of the new Senior Managers & Certification Regime (SM&CR) for non-banking firms within Supervision (R&A and IWS). The team will be responsible for leading on the extension of the regime to all FSMA authorised firms for Supervision, including the implementation of the extension within both Supervision divisions. The team was previously responsible for the implementation of the regime in Supervision for deposit-takers, as recommended by the Parliamentary Commission on Banking Standards.

We are looking for two Senior Associates to join the Accountability team.

What does this job involve?

Within a tightly knit, collaborative team, the senior associates will play a key role in the development and implementation of the SM&CR for non-banks. This will be a significant regulatory change - the regime will apply to a vast number of firms of a wide variety of size, nature and complexity.

This role provides an excellent opportunity to be at the forefront of work that is both high profile, with great political and external focus, and is also a key priority for Supervision and the FCA. The development and implementation of the SM&CR for non-banks is a key part of one of the FCA's seven priority themes set out in our Business Plan, on Firms' Culture and Governance.

The team undertakes a wide variety of activities to help facilitate the effective implementation of the regime both internally and externally, including:

- Providing a centre of specialist expertise for Supervision on individual accountability matters.

- Supporting and influencing policy development. Assessing the potential impact of recommendations on firms and how we supervise them, including through liaising with and co-ordinating a wide range of internal stakeholders across different supervision sectors.

- Identifying and implementing changes to the supervisory model and/or approach needed to deliver the regime, including in relation to FCA processes and systems.

- Designing and delivering effective and timely communications and training to a large population of impacted supervisors, to ensure supervisors understand the regime and are appropriately equipped to supervise under the new regime.

- Drafting and/or presenting papers, briefings and presentations.

- Engagement with firms and industry representatives.

Whilst individuals in the team have specific workstreams to deliver, we operate a flexible resource approach and therefore the successful candidates are likely to become involved in a variety of work.

The ideal candidates for this role will have first-hand knowledge and experience of the FCA Supervision model, the SM&CR and its implementation, and how the SM&CR affects the FCA Supervision Divisions.

Minimum, Essential & Desirable skills


Experience working in a financial or regulatory environment.

Evidence of analysing complex information and identifying and presenting key issues in a clear and timely manner.


Proven sound attention to detail - can demonstrate taking pride in work and ensuring it is of the highest standard.

Proven organisational ability - the ability to balance and manage a variety of competing tasks and issues, working both independently and as part of a team, and prioritising and escalating appropriately.

Evidence of excellent communication skills - the ability to explain complex issues succinctly and with clarity, both in writing and orally.

Evidence of excellent stakeholder management - the ability to build effective relationships, demonstrating credibility and ability to influence internal and external stakeholders to gain successful "buy-in" to change.

Evidence of teamwork and collaboration - you will work actively with others to deliver outcomes in both formal and informal teams and proactively offering your help to colleagues.

Evidence of use of sound judgement to reach conclusions, exploring different ways of tackling issues and problem solving.


Knowledge, understanding and expertise in the substance of the Senior Managers & Certification Regime and its practical application to firms and in FCA Supervision.

Experience of working on large, cross-divisional and cross-sector projects or programmes.

Experience or knowledge of policy-making, developing and/or delivering training or identifying and implementing changes to processes and/or systems.

What will I get from the role?

This role is an exceptional opportunity to shape Supervision's approach to individuals. Your work will be both varied and challenging, and you will have a rare opportunity to help shape our approach to the supervision of the financial services sector at a time of considerable change. You will work as part of a supportive and collaborative team and your work will make a positive difference for consumers and markets.

Additional Information

The job family for this role is regulatory level C with a salary range of 46,000 - 65,000 GBP depending upon skills and experience.

Applications close at midnight on Sunday 4th December 2016.

Selection process

Stage 1. Online application: please submit your CV and answers to the following application question:

Why do you believe that you are suitable for this role? Please ensure that you relate your answer to the essential criteria listed in the job advert, covering your relevant skills, technical knowledge and competencies. (Max 300 words)

Stage 2: Screening - your application will then be forwarded to the recruiting manager.

Stage 3: Interview.

All candidates will be assessed against the FCA capability framework

- Five cultural characteristics (backbone, professional excellence, curiosity, already on the case, strength as a team)

- Three personal strengths (judgement, drive, influence)

- Technical competencies (role specific)

Stage 4: final interview (only if required)

This role will be based in London, Canary Wharf, with a planned move to Stratford in 2018.