Department- Payments & Digital Assets
Division – Supervision Policy and Competition
Salary – National (Edinburgh and Leeds) ranging from £51,200 up to £62,000 and London £56,400 up to £67,000 pro rata (salary offered will be based on skills and experience)
About The FCA
The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA.
The Market Interventions– Payments Department is responsible for supervising over 1250 non-bank payment service providers and for providing specialist payments support and insight across the FCA.
You will be involved in a diverse range of issues including consumer harm, prudential weakness and financial crime. We also work closely with external stakeholders such as The Bank of England and the National Crime Agency.
The Payments Market Interventions Department at the FCA champions the safe and effective supervision of payments and electronic money firms, shaping a trusted payments landscape that supports people and businesses across the UK. The team's work enhances everyday life, ensuring payments are fast, dependable, inclusive and secure.
What will you be doing?
- Getting to understand how regulated firms make their money, assessing the risks this presents to their customers and the markets in which they operate and determining how the firms manage these risks to stop customers being harmed, for example through the loss of their money
- Assessing regulated firms’ compliance against the relevant rules and requirements
- Influencing senior industry figures to change how they operate if they are not meeting the rules and requirements and in the most severe cases taking regulatory action to stop firms operating their businesses
- Engaging effectively and proactively with colleagues across the FCA, other regulators and law enforcement agencies both in the UK and internationally
What will you get from the role?
- You will be working on the front line in the protection of UK customers
- Develop skills and capabilities within a regulated environment, able to assess and quantify risk and develop appropriate strategies to stop the risk happening
- Learn and develop a deep understanding of relevant legislation and how it applies to regulated firms
- Play a key role in shaping and influencing strategy and policymaking in this sector as the role of Payments and E-money firms becomes increasingly significant to the financial system
- As an employer, the FCA places value on your learning and we offer world-class development opportunities which will assist you in achieving your career aspirations
- Support to gain professional qualifications in data science or financial analysis for a motivated person, depending on your profile
Which skills are required?
We are a Disability Confident Employer; therefore, disabled people or individuals with long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process (to learn more about the Disability Confident Scheme Click Here).
Minimum
- Prior experience in a legal, compliance, regulatory or enforcement function at a regulated financial service provider, regulatory consultancy, government agency, enforcement agency or a regulator
- Prior experience of assessing information and presenting key issues and recommendations
Essential
- Confident and adept in developing and nurturing relationships with diverse internal and external stakeholders.
- Curiosity and motivation to continually learn about and investigate issues within the firms and industry we supervise
- Good interpersonal and communication skills
- Willingness to learn and develop yourself and others, taking on new responsibilities and adopting a flexible and pragmatic approach to your work
- Experience of successful teamwork. You will work with others to deliver outcomes and achieve tasks, and you will proactively offer your support to colleagues
- Confident in identifying and escalating issues to the appropriate level without delay
- Capable of representing yourself and the FCA in a professional, credible manner, supported by excellent oral and presentation skills
Our Values & Diversity
We are proud to be an inclusive employer, and our ambition is to cultivate a culture 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.
Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.
Did you know? 50% of our Executive Committee were the first in their family to attend university.
Benefits Of Working At The FCA
- 25 days holiday per year plus bank holidays
- Hybrid working (work from home up to 60% of your time)
- Private healthcare with Bupa
- A non-contributory Pension of at least 8%
- Life assurance
- Income protection
We also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle.
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 can explore what might work best for both sides.
Follow this link to see what life is like at the FCA
- Life at the FCA.
Application Support
We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible.
If you have an accessibility need, disability or condition requiring changes to the recruitment process, please contact your recruiter using the details below and they will be happy to discuss this further with you.
Useful Information and Timeline
- This role is graded as: Senior Associate - Regulatory
- When submitting your application, please tailor your CV to highlight how you meet the minimum and essential requirements above
Timeline
- Advert Closing Date: Monday 9th June 2025 (midnight)
- CV Review/Shortlist: w/c 9th June 2025
- Case Study: w/c 16th June 2025
- Competency Based Interview: w/c 23rd June 2025
Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time.
Got a question?
If you are interested in learning more about the role, please contact Steve Christopher on
[email protected]Applications must be submitted through our online portal. Applications sent via email will not be accepted.
