Risk Professional - London, United Kingdom - Financial Conduct Authority

Financial Conduct Authority

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

The Role

We are looking for a risk professional to join our Financial Resilience Department (FRD) at the FCA.

FRD's mission is to provide high quality financial analysis expertise across the firms we prudentially regulate, and to support the FCA more broadly, in meeting its objectives.

The Financial Resilience Department supports the FCA in ensuring that we avoid and minimise harm arising from the disorderly wind down of firms, particularly the 49,000 firms the FCA prudentially regulates.

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.

This includes assessing the financial resilience of firms, both for large firms and on a portfolio basis, conducting thematic assessments of risk management practices, monitoring and responding to issues as they arise.

As an inclusive employer, we are open to considering flexible working arrangements.

List the key responsibilities of this job:

The Lead Associate is responsible for:

leading financial resilience assessments of firms with diverse business models across the wholesale and retail financial services sectors

- line managing one associate and providing coaching, oversight and support to other associates in the department
- communicating the results of our work to both internal and external senior stakeholder
- assessing the appropriate regulatory tool (or tools) to ensure firms meet appropriate standards of financial resilience
- supporting front-line supervisors
- role modelling Judgement, Engagement, Delivery and Self-Management and the FCA values.

Working in the Financial Resilience Department, you will have a rare opportunity to understand and shape the workings of the financial sector at a time of considerable change.

You will enjoy a unique aerial view 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 to the FCA we place great value on your learning and we offer world-class development opportunities which will assist you in achieving your career aspirations.

About You

W
- minimum criterion_
- needs to be _
- measurable_
- from reviewing a _

Minimum

Experience of identifying, quantifying, measuring, reporting and mitigating Risk in a financial services business
Experience of working with or within a financial regulatory framework including direct experience with the constraints introduced by the regulatory framework
Experience of presenting issues and judgements on critical matters to senior stakeholders both within and external to an organisation

Essential

Proven experience of:
- dealing with complex prudential issues
- leading the diagnosis and remediation of prudential risks in firms so that the potential for harm is reduced
- leading projects to time and quality
- being a team player who demonstrates an inclusive approach and the impact and influence to generate shared goals for the Department

Desirable

Understanding the FCA's approach to the prudential regulation of financial institutions and knowledge of the different prudential regimes'
Good knowledge of the Basel framework and its implementation in the UK
Good understanding of stresstesting in the context of a financial services institution

About the FCA

At the FCA, we're creating a fair and more resilient financial system.

We're establishing more transparent relationships between financial services and their customers, building trust in financial markets and protecting vulnerable consumers.

Divisional Information

The FCA is the prudential regulator of 49,000 financial services firms.

We want resilient firms who have financial resources that are commensurate to their activities and that minimise the potential for harm - both in life and in failure.

Firms will fail, but firm failure should not be unexpected and should be orderly.

The Financial Resilience Department (FRD) is one of the specialist departments in the FCA.

FRD's mission is to provide high quality prudential expertise across all sectors, and support the FCA more broadly, in seeking to assess and mitigate the prudential causes of harm.

Through this we deliver public value.

Useful Information

The job family for this role is Lead Associate
Regulatory
The FCA has a national role and is committed to a national footprint. This role can be based in London, Leeds or Edinburgh
The FCA has London and National Pay ranges to reflect regional differences.

The salary for this role will be: