Banking Authorisations Lead, Financial Conduct Authority
£59.1-80k
Actual salary range is dependent on location
More information about location
Financial regulation service
Job no longer available
Financial regulation service
1001+ employees
Job no longer available
£59.1-80k
Actual salary range is dependent on location
More information about location
1001+ employees
Company mission
To enable a fair and thriving financial services market for the good of consumers and the economy.
Role
Who you are
- Prior expertise in banking and/or payments business models, or substantial experience in making regulatory decisions regarding their appropriateness
- Proven experience of successfully managing the delivery of a number of long-term projects (assessments) concurrently
- Demonstrable experience of directing the engagement with senior stakeholders internally and externally
- Experience of managing people and operations
- Ability to assimilate and evaluate information to form judgments and mitigate potential risk
- Evidence of leading, supporting and assisting colleagues with both technical issues and career development conversations
- Proactive approach to work including the ability to use your own initiative to identify potential issues
- A strong team player with the ability to be flexible and pragmatic. Able to adapt to changing circumstances, positively embracing new approaches
- Ability to balance multiple priorities across a broad portfolio, work collaboratively under pressure and achieve results within tight deadlines
- Evidence of building and maintaining professional relationships with stakeholders
What the job involves
- The Banking Authorisations Team sits in our Authorisations Division and works closely with the Prudential Regulation Authority (PRA) in assessing whether potential new banks, both domestic and international, meet the standards to operate in the UK market
- Guide associates with warm and thoughtful technical and strategic leadership, shaping clear and responsible case assessment approaches and ensuring they are delivered with care, timeliness and strong assurance
- Use supportive and organised project management practices to help each transaction progress smoothly, bringing people together, adjusting priorities with confidence and raising challenges early so they can be resolved through collaborative problem solving
- Nurture growth and capability across your sub team and the wider department, creating an environment where colleagues feel encouraged, empowered and able to develop their strengths
- Play an important part in delivering the department workplan, contributing to the Government growth strategy and helping to create more efficient and inclusive regulatory decision making
Application process
- Your recruitment contact is Riley Fox
- Job Advert Close: 10th February
- CV Review/Shortlist: 12th February
- First Interview: w/c 16th February
- Technical Interview: w/c 23rd February
- 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
Our take
Developed on the back of the Financial Services Act of 2012, the Financial Conduct Authority is a regulatory body that acts as a regulator for financial firms, ensuring the integrity of the financial markets in the UK. Broadly focused on financial companies that provide consumer services, it’s governed by the Bank of England and therefore acts independently of the government.
The FCA is responsible for regulatory innovations, such as stronger customer authentication requirements, including biometric and code requirements for payments, that have clamped down on fraud and improved security for national consumers. The FCA also introduced the Anti-Money Laundering Supervision in 2017.
The organisation’s independence from government ensures its impartiality as a regulator. In the late 2010s, it set up the cryptoasset registration, a department responsible for ensuring the legality of crypto payments. This has become an important aspect of national counter terrorism measures, and exemplifies the complex and vital work that the organisation carries out.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- 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
Company HQ
Stratford Cross, London, UK
Leadership
Nikhil Rathi
(CEO)Previously the Private Secretary to UK Prime Ministers Tony Blair and Gordon Brown and was the Chief of Staff and Director of International Development at the London Stock Exchange. Studied at St Anne's College Oxford.
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