Manager, Financial Resilience

Salary: National ranging from £67,100 to £100,000 and London from £73,700 to £110,000

Are you interested in joining a department that leads the FCA’s approach to prudential supervision of around 40,000 FCA solo-regulated firms?

The team/department

FRD’s mission is to support the wider FCA in minimising potential harms arising from weaknesses in firms’ financial resilience across 50,000 that the FCA has prudential responsibility for.     

The department undertakes, and supports the rest of the FCA in undertaking, high quality financial and risk analysis of the full spectrum of FCA prudentially regulated firms.  The department also leads the design and delivery of the financial resilience data strategy. The department currently has four teams - Financial Resilience Analysis & Assessments 1, 2, 3 and 4. We will be creating a fifth team to be led by the new manager.  The team will primarily comprise financial risk specialists and will undertake a broad range of proactive, reactive and fundamentals-driven work across the full spectrum of FCA solo regulated firms.

What you will be doing

• Directing and supporting the team to ensure it delivers on it's goals
• Providing oversight of financial resilience (capital & liquidity), risk management and wind down assessments
• Help run the department and deliver the strategy as part of the management team. Lead FRD’s relationship management with some areas
• Be the department’s lead on certain issues/projects including reviews of groups of firms from a prudential perspective
• Performance management of a team of around 8 staff. Coaching and developing the team and members of the wider department
• Role modelling and ensuring the team demonstrates the right behaviours

What you will get from the role

Working in the Financial Resilience Department, you directly contribute to assessing and improving the financial resilience of firms.  You will be an important part of not just reducing harm in firm failure but also from ongoing operations – crucial to protecting consumers, firms and markets dealing with the financial services sector.  You will enjoy a unique perspective of the financial services industry, with the opportunity to do meaningful work that makes a real difference. You will have the opportunity to work with and influence a wide range of industry professionals, both internally and externally.

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:  

• 28 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 who best meet the minimum criteria for a role. 

• Demonstrable experience of prudential risk and regulatory frameworks
• Experience of delivering financial analysis insights
• Experience of leading, supporting, coaching and developing others

Essential criteria

• Ability to inspire a team including delegating effectively and motivating team members to achieve high standards through empowerment and trust
• Credible, persuasive communicator, able to communicate views and with authority to senior stakeholders inside and outside of the FCA
• Experience of contributing to the strategy of both a team and the wider department/ division
• Project management skills with experience of assessing resourcing issues and able to perform quality control on projects to ensure high standards of delivery
• The ability to make timely judgements supported by analytical thinking that cuts through complexity and drives at the bigger picture

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 Manager 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 20th October 2024
• This role is graded as Manager - Regulatory 

Got a question?   

If you are interested in learning more about the role please contact: 

For internal applicants, please contact Linda Bradley at [email protected] 

For external applicants please contact Chhavi Bartaria at [email protected] 

What to expect from our interview process 

The process will involve three separate stages: 

Application support