Address Salary: National from £41,800 to £47,800 and London £46,000 to £52,000
Are you ready to develop your career and specialism joining our team of supervisors who undertake reviews of firms anti-fraud systems and controls?
The team/department
The Fraud team has been set up to develop and deliver the FCA’s approach to reviewing firms’ antifraud systems and controls. The focus of this work is ensuring that regulated firms’ are taking adequate steps to protect their customers from being victims of fraud and they are not being used by fraudsters. The team is developing and implementing approaches to supervising what firms are doing to tackle fraud.
What you will be doing
As an Associate within the team you will:
- Support reviews of firms’ antifraud systems and controls. Critically assessing and evaluating their controls, undertaking detailed testing, attending meetings and interviews with firms.
- Exercising strong judgement of firms controls against relevant policies, rules and guidance. Considering and proposing use of regulatory tools to reduce and mitigate risk of harms
- Draft clear and concise correspondence to firms, internal stakeholders and external stakeholders including other regulators and law enforcement agencies
- Support peer comparison and analysis of the maturity of firms’ anti-fraud systems and controls in relation to other firms in the sector and the wider market
- Work closely and effectively with colleagues across the division and other key internal and external stakeholders to provide a joined-up approach to antifraud supervision. Supporting the attendance at meetings with stakeholders
- Build and maintain good relationships with internal and external stakeholders
- Collaborating inclusively, contributing to an environment where all opinions are listened to and respected and engaging with the FCA Diversity and Inclusion agenda
What you will get from the role
- This work plays a vital role in minimising the extent to which customers of regulated firms are victims of fraud and that firms are used for a purpose connected with fraud
- Gaining a broadened and holistic understanding of fraud and the financial services industry through partnership with a variety of teams across the FCA and external organisations
- You will be able to develop your knowledge of fraud, financial crime, and other financial services sectors in a dynamic and exciting environment
- You will have the opportunity to work with and influence a wide range of industry professionals, both internally and externally to the FCA
- You will use your experience (or potential) to contribute to the delivery of a comprehensive antifraud supervisory strategy
Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle. You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option top up your base salary by taking this as cash.
Core benefits that you will receive as standard are:
- 25 days holiday per year plus bank holidays
- Private healthcare with Bupa
- A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach age 35)
- Life assurance of eight times your basic salary
- Income protection
We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations.
The skills and experience you will have
Minimum
We are a signatory to the Government’s Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, should they meet the minimum criteria for a role.
- Experience of stakeholder management
- Previous fraud experience
- Experience of using analytical skills to make judgements and recommendations
- The successful candidate will hold or will be required to obtain Security Clearance (SC) level vetting.
Essential
- Ability to prioritise your workload, managing your time effectively and using sound judgement to achieve results in a high-pressure environment
- Ability to influence and challenge constructively and deal with challenge
- Strong written and verbal communication skills, ability to deliver impactful messages to stakeholders
- Ability to work independently, use sound judgement and escalate issues appropriately
- A curious and inquisitive mindset, and an ambition to deliver in the public interest
- Inclusive approach – respects the diversity of cultural, social and academic backgrounds found in the organisation and able to adapt personal style to effectively engage individuals from a wide-range of backgrounds
About the FCA
The FCA regulates the conduct of 50,000 firms in the UK to ensure our financial markets are honest, fair and competitive. We do this to make sure markets work well for individuals, businesses and the economy as a whole. For more information on what we do, our three-year strategy can be found
here.
The FCA's Values & Diversity
Our ambition is to cultivate a culture of inclusion 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.
The FCA is committed to achieving greater diversity across all levels of the organisations. Given this, we particularly welcome applications from women, disabled and minority ethnic candidates for our Associate role.
Flexible working
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 won’t judge you for asking.
Multi-location
As part of the FCA’s on-going commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds, or London offices. This means that as part of the application process you will be able to select your preference of which office location you would like to work from.
Useful information
- Applications for this role close at 23.59 on 15th March 2024
- This role is graded as Associate 8 - Regulatory
- Interviews will take place from 2nd to 9th April 2024
Got a question?
If you are interested in learning more about the role please contact:
For internal applicants, please contact Linda Bradley at
Linda.Bradley@fca.org.uk
For external applicants please contact Chhavi Bartaria at
chhavi.bartaria@fca.org.uk
What to expect from our interview process
If your application is successful you will be invited to complete a case study and 1 hour competency based interview.
Application support
We want to remove any possible barriers and are committed to providing a wide range of reasonable adjustments so that you can keep the focus on your conversations and be at your best.
If you have an accessibility requirement, disability, or condition that means you might require changes to the recruitment process, please contact your recruiter to discuss this further. Our aim is to make your application as easy and comfortable as possible, and your recruiter will be happy to work with you to make any necessary arrangements where possible.
Security Clearance/Vetting
The successful candidate will hold or will be required to obtain Security Clearance (SC) level vetting.
Please note that all applications must be submitted through our online portal, applications sent via email will not be accepted.
