Divisional Risk Advisor - #1764156

Division – Authorisations

Salary - National (Edinburgh and Leeds) ranging from £52,400 to £80,600 and London £57,700 to £88,600 per annum (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 Authorisations Division ensures the firms and individuals who apply to us to be authorised or approved understand how we test they will comply with our regulation. We use authorisation to help deliver our public offer, and as a tool to protect consumers from the harm that can be caused by bad conduct in the financial services industry. The division is also home to 2 of our most important external services – our Supervision Hub and the Financial Services Register.

The Register and Authorisations Services (RA&S) department is currently at the forefront of two FCA priorities, seeking to strengthen our operational and regulatory excellence: enhancing the application journey with new forms at the gateway and improving our Financial Services Register products.

This role sits with the Operational Excellence team, our activities include Quality Assurance (QA), MI & Analytics, Business Improvement, Process Governance, Risk and Workforce Planning. We are a friendly and highly motivated team, passionate about the work that we do.

What will you be doing?

• Accountable for the effective management of the division’s operational risk framework, including management of all own risks and cross-cutting Risks of Har
• Support divisional approach to compliance and controls, including FOIA request, QA, Audit response, and records management
• Contribute to process, learning and systems improvement initiative through our close the circle framework
• Own and manage the ‘Own Risk’ process including running the 1LOD group, reviewing all meeting materials and providing feedback and comments to 1LOD (First Line of Defence)
• Support and provide reporting for the division on Risk Events: Near Misses, Emerging Risk and Risk Acceptance
• Lead on providing central oversight and assurance to the Authorisation Senior Leadership team on progress being made in response to assurance reviews and the associated/findings risks identified, complete the Risk and Control Self-Assessment (RCSA) for the division
  
  

What will you get from the role?

• High visibility and direct, extensive engagement across the division, including with senior stakeholders at Director and Executive Director level
• An excellent understanding of and opportunity to influence how the division operates
• The opportunity to help shape the divisional Risk Management approach and drive change in our approach and culture
• Work in an influential fast-paced and intellectually challenging environment, within a supportive and friendly team
• Undertake interesting, challenging and rewarding work, helping the division to add public value and deliver its operational objectives
• Build relationships with a range of stakeholders across the organisation
  
  

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 of ‘Own Risk’ identification and compliance in a complex regulated organisation
• Prior experience of governance mechanisms and operational processes or risk management
• Prior experience of significant stakeholder management – the successful candidate will need to be able to work independently with a range of stakeholders, and flex their style to support and influence people in achieving desired outcomes, including senior management
  
  

Essential

• Experience of organisational ability and governance – understanding the importance of setting high standards and being disciplined about meeting commitments, delivering within agreed timeframes and influencing others to do so
• Prior experience in analysing complex qualitative information to identify common themes, strategic solutions and improvement opportunities by joining the dots with wider knowledge of key priorities, projects and risks
• Experience of working on own initiative including foreseeing issues and working under pressure to tight deadlines whilst maintaining accuracy
• Strategic thinking and problem-solving skills to help shape future approaches to risk management in Authorisations
• Attention to detail and willingness to adapt to change, positively embracing new approaches
• Understanding and/or experience of Risk and Compliance (2LOD), Internal Audit and risk assurance reviews
• Excellent written and verbal communication skills – including the ability to present analysis, insights and recommendations in a clear and compelling way
  
  

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% 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 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
• Advert Closing Date: Wednesday 25 June - midnight
• CV Review/Shortlist: Friday 27 June
• First Round Case Study Assessment: Starts Thursday 3rd July
• Competency Based Interview: Starts W/C 7th July
  
  

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: [email protected]

Applications must be submitted through our online portal. Applications sent via email will not be accepted.