Job title: Manager – Wholesale Banks (18-Month Fixed Term Contract / Secondment opportunity)
Division: Supervision, Policy & Competition
Department: Wholesale Banks
1. Salary: National (Edinburgh and Leeds) ranging from £72,100 to £102,100 and London from £79,300 to £112,300 (salary offered will be based on skills and experience)
2. This role is graded as: Manager - Regulatory
3. Your recruitment contact is Tahir Khan via k. Applications must be submitted through our online portal. Applications sent via social media or email will not be accepted.
About the FCA and team
We regulate financial services firms in the UK, to keep financial markets fair, thriving and effective. By joining us, you’ll play a key part in protecting consumers, driving economic growth, and shaping the future of UK finance services.
SPC oversees firms and individuals (supervision), creates and reviews the rules by which they operate (policy) and identifies and remedies ineffective competition in markets (competition). Sitting in the Sell Side directorate, the MI Wholesale Banks department focuses on the regulation of markets and the regulation of the individual firms that make up those markets and is critical to ensure the effective operation of the UK’s financial markets and to achieve the FCA’s objectives.
Join the FCA as a Wholesale Banking Manager and play a pivotal role in shaping the integrity and resilience of the UK’s financial markets. In this leadership position, you will oversee the supervision of major wholesale banking firms, ensuring they operate with transparency, robust risk management, and strong governance. You’ll work at the heart of regulatory strategy—engaging with senior stakeholders, analysing complex business models, and driving initiatives that safeguard market integrity and protect consumers. This is an opportunity to influence industry standards, tackle emerging risks such as operational resilience and conduct, and contribute to the FCA’s mission of making markets work well.
Role responsibilities
4. Lead and inspire a high-performing team to design and deliver quality work programmes on time, for some of the largest banks operating in the UK
5. Harness data, technology, and analytical insights to identify risks and opportunities
6. Apply sound judgement to make timely supervisory interventions, safeguarding good outcomes and maintaining market integrity
7. Make risk-based resource allocation decisions, maximising impact where it matters most and ensuring efficient use of resources
8. Build strong relationships with external stakeholders and internal partners
9. Contribute to the leadership and smooth operation of the Wholesale Banks Department, delivering FCA priorities
Skills required
Minimum:
10. Prior experience of Wholesale financial services
11. Proven experience of managing and influencing stakeholders, both internal and external
12. Proven experience of managing a team to deliver on objectives, as well as coaching and mentoring to foster a successful team environment
Essential:
13. The ability to understand business models and identify the risks that arise
14. Excellent communication skills, enabling you to represent the FCA internally and externally
15. The ability to make complex, outcomes-focused judgements led by available data and evidence
16. The ability to create a supportive working environment in which staff flourish
17. Ability to support cross-departmental initiatives through leading on innovative ideas to enhance the success of our department
Benefits
18. 28 days annual leave plus bank holidays
19. Hybrid model with up to 60% remote work
20. Non-contributory pension (8–12% depending on age) and life assurance at eight times your salary
21. Private healthcare with Bupa, income protection, and 24/7 Employee Assistance
22. 35 hours of paid volunteering annually
23. A flexible benefits scheme designed around your lifestyle
For a full list of our benefits, and our recruitment process as a whole visit our benefits page.
Our values and culture
Our colleagues are the key to our success as a regulator. We are committed to fostering a diverse and inclusive culture: one that’s free from discrimination and bias, celebrates difference, and supports colleagues to deliver at their best. 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.
If you require any adjustments due to a disability or condition, your recruiter is here to help - reach out for tailored support.
We welcome diverse working styles and aim to find flexible solutions that suit both the role and individual needs, including options like part-time and job sharing where applicable.
Disability Confident: our hiring approach
We’re proud to be a Disability Confident Employer, and therefore, people or individuals with disabilities and long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. In cases of high application volumes, we may progress applicants whose experience most closely matches the role’s key requirements.
Useful information and timeline
24. Job advert close: 23rd November at 23:59pm
25. CV Review/Shortlist: 25th November
26. First Interview: w/c 1st December
27. Second Interview: w/c 8th December
28. 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