AddressRisk Assurance Reviewer
Salary: National ranging from £49,700 to £64,000 and London from £53,300 to £70,000
Are you interested in joining a team that helps the organisation to mitigate external and internal risks?
The team/department
The Risk and Compliance Oversight Division (R&CO) is the FCA’s second line of defence. The division works in partnership with senior management, members of the Board and colleagues across the organisation to mitigate the external and internal risks to the FCA’s statutory objectives.
One of the key ways it does that is by carrying out assurance work across the organisation and to make recommendations on how the FCA can improve the management of its risks. The findings of this work are shared with the FCA’s senior management and members of the Board.
We are now recruiting for a talented Senior Associate to join our Independent Reviews, Assurance and Complaints Department, in the Risk and Compliance Oversight Division on a permanent basis.
What you will be doing
This an internal facing team which delivers a programme of reviews. You will be part of a small team producing evidenced based work of a high standard, identifying specific findings, root causes and common themes. By doing so, you will provide credible assurance to senior management that risks are being appropriately managed across the FCA and promote continuous improvement in the quality of judgements and risk management.
Through this role you will gain an opportunity to carry out work across the FCA, learn about the range of activities it undertakes and play a direct role in helping the FCA to better deliver on its objectives. You will also work closely with senior management within R&CO and the other FCA Divisions.
The key responsibilities of the post holder will be:
- Carrying out desk-based reviews and interrogating information from a wide range of sources, including case management systems, process documents, project board papers and reports to divisional risk and executive committees
- Conducting interviews with internal stakeholders at all levels across the FCA to supplement the document reviews, discuss root causes of issues and identify improvements
- Forming a view on whether a weakness has been identified, understanding why it occurred in the first place and making recommendations
- Providing coherent and compelling independent views to FCA senior management and other stakeholders on the quality and effectiveness regulatory judgements and activity, and application of the risk management framework
- Drafting succinct and high-quality reports to be presented to business areas and executive-level committees
- Undertaking assessments against the FCA’s criteria for potential regulatory failures and ensuring that the organisation learns the lessons from these events
What will you get from the role?
Working in R&CO, you will be an impartial voice in the FCA, providing strong oversight of the organisation’s activities and approach, through challenge and assurance. You will gain exposure to a wide variety of business areas and to some of the most important programmes of work across the organisation, including Transformation and Business Plan priorities.
This role will offer a unique insight into risk management across the FCA, and interesting and rewarding work with the opportunity to:
- Make a real difference to the FCA’s continuous improvement by identifying areas of improvement and lessons to be learned
- Build upon your existing skills and knowledge and develop your career
- Gain an understanding and experience of different divisions and sectors across the FCA
- Work with and influence a wide range of internal stakeholders and in doing so, build your network of contacts
- Provide assurance opinions to and engage with senior management across the FCA
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 leading or contributing to analytical outputs, such as investigations, risk assessments, or research report
- Experience of reviewing and assessing multiple sources of information to form evidence-based judgements and summarise key issues, and risks and trends
- Experience in proposing pragmatic recommendations and solutions to real problems
Essential
- Experience of managing complex information on a wide range of issues to extract key risks and identify trends
- Excellent written and oral communication skills, including the ability to communicate confidently, credibly and in a probing manner with colleagues, senior management, and subject-matter experts
- Excellent analytical skills and able to consider the wider business context with a curious and probing attitude (i.e. a person who does not take statements at face value but who investigates the factual position in order to make informed and well-reasoned judgements)
- Ability to work with pace and under pressure, use sound judgement and escalate issues appropriately
- Ability to balance and manage multiple priorities, working alone and in a team, and manage several work streams simultaneously, with a flexible, proactive, and positive approach to the way you work with the ability to apply initiative and work in a changing environment
- Excellent stakeholder management skills, which includes the ability to promote productive working relationships and collaborate with senior stakeholders in other Divisions and R&CO
- Knowledge of risk management processes and frameworks and the FCA’s regulatory and operational process
- A good working knowledge and understanding of core FCA systems and tools, such as INTACT, SIS and SharePoint
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 Senior 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 Sunday 24th March 2024
This role is graded as Senior Associate Level 7 - Regulatory
Got a question?
For internal applicants, please contact Louise Nash at
Louise.Nash@fca.org.uk
For external applicants, please contact Beth Haydon at
Beth.Haydon@fca.org.uk
What to expect from our assessment and selection process
The assessment process will consist of case study, followed by two rounds of competency-based interviews.
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.
Please note that all applications must be submitted through our online portal before the closing date, applications sent via email will not be accepted.
