Financial Conduct Authority
Regulating financial services firms and financial markets in the UK.
Division Overview
The Risk & Compliance Oversight Division (R&CO) is the FCA’s second line of defence, responsible for the Risk Management Framework, organization‑wide risk oversight and reporting, regulatory investigations, compliance oversight and complaints.
Role Responsibilities
* Contribute to the development and embedding of the model risk management framework, supporting training, communication and adoption across the FCA
* Provide oversight, guidance and constructive challenge to first line of defence (1LOD) model development and governance activities
* Work closely with modelling teams to support model risk assessments, evaluate controls, advise on validation approaches and help ensure model inventory data is accurate and complete
* Support assurance activities such as independent model validations and thematic reviews
* Support the maintenance and ongoing development of the FCA Model Inventory, including contributing to data analysis and reporting for senior stakeholders
* Work collaboratively with R&CO colleagues to stay informed on developments across risk and contribute to updates on internal AI and model risk
* Build and maintain a network across key 1LOD areas (e.g. Advanced Analytics, Data Management, AI Governance) and stay up to date with developments in AI and Model Risk Management
* Adhere to the FCA values and ways of working in the delivery of outcomes
Location
London, Edinburgh, Leeds
Contract type
Full time, Permanent
Working pattern
Hybrid
Closing Date
15/06/2026
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