Senior Financial Crime Supervisor

Salary: National from £51,200 to £64,000 and London from ££56,400 to £70,000 depending on skills and experience

The team/department

The Financial Crime Market Intervention Department provides the dedicated specialist resource and expertise to help the FCA meet its financial crime responsibilities, as contained in the FCA’s wider objective on integrity and in its specific freestanding duty on financial crime.

The department is comprised of four Financial Crime Specialist Supervision teams, a Sanctions Supervisory Team, a Risk, Data & Strategy Team (RDS) and a Financial Crime Public Commitments Strategy & Delivery Team. Working together with others inside and outside the FCA, we deal with issues involving money laundering, financial sanctions and bribery and corruption.

The Financial Crime Market Interventions department does not cover market abuse or fraud.

What you will be doing

This role sits in one of the Financial Crime Market Intervention Department’s four supervision teams. The teams focus on the effectiveness of firms’ financial crime systems and controls. This is done through a range of supervisory work including assessments, visits, and interventions of regulated firms. We work closely with front line supervision to assess firms’ compliance with relevant rules, laws and guidance. 

As a Senior Associate you will manage your own case load, including the delivery of our proactive supervisory assessment programmes, a portfolio of reactive casework and relationship-manage major firms. You will handle the more complex pieces of work, chair meetings and supervise visits, and be expected to make appropriate judgements on regulatory actions following proactive or reactive assessments. You will be responsible for ensuring that the objectives of the Financial Crime Market Intervention department are delivered through your activities. You will work with a variety of internal and external stakeholders to ensure that they are kept informed and engaged as appropriate.

You will report to a Financial Crime Market Intervention Department Manager.

What you will get from the role?

• An interesting and varied workload, with responsibility for directing and delivering the work assigned to you
• The opportunity to work on and/or lead and support potentially high profile or complex casework and to support and lead on financial crime systems and controls assessments of regulated firms across various financial sectors
• The chance to join a friendly, collaborative and informal environment committed to thinking creatively about achieving good anti-financial crime outcomes for the FCA
• The opportunity to use your judgement to make choices at pace, stand by them, and learn from experience
• A chance to understand the changing ways in which firms and the industry operate, and the implications for how we carry out our work on financial crime. 
• The opportunity to help shape the Financial Crime Market Intervention Department’s future activities and ways of working. 

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, who best meet the minimum criteria for a role. 

• The successful candidate will hold or will be required to obtain Security Clearance (SC) level vetting
• Significant financial crime experience (for example; a supervision, compliance or financial crime role within a regulatory body, law enforcement, government, financial services or consultancy firm)
• Experience of progressing complex cases, apply technical and professional experience to make judgements without the need to refer

Essential

• Good knowledge of the FCA’s regulatory and legal frameworks and the structure of the financial services industry – i.e. key products and services and key processes, including how these impact financial crime risk
• Ability to undertake complex assessments of systems and controls at regulated firms, including supervising and/or being a team member for onsite visits and choosing appropriate regulatory tools to ensure firms’ compliance
• The ability to quickly evaluate and interpret a variety of data and information to execute effective action to mitigate risk 
• Experience working effectively with a variety of stakeholders, both internal and external, providing effective challenge and seeking mutually beneficial solutions to problems 
• Excellent written communication skills and ability to communicate complex information in a way that is accessible to a range of recipients. Able to draft complex reports and review and provide feedback on the work of others
• Experience of dealing with a large number of tasks and managing competing work streams and priorities, often under tight deadlines with minimal supervision
• A team player, with a positive approach and outlook to their work and the ability to motivate others, mentor and coach less experienced team members

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 5th September 2024
• This role is graded as Senior Associate- Regulatory 
• Interviews will take place from 16th September 2024

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 

If your application is successful you will be invited to complete a one 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.