Join to apply for the Senior Wealth Management Supervisor – 12 Month Fixed Term Contract role at Financial Conduct Authority
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Join to apply for the Senior Wealth Management Supervisor – 12 Month Fixed Term Contract role at Financial Conduct Authority
Division – Consumer Investments
Salary - National (Edinburgh and Leeds) ranging from £52,400 to £64,500 and London £57,700 to £68,500 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
As well as supporting growth, our wealth management supervision team is focussed on reducing and preventing serious harm arising from financial crime and poor client outcomes linked to the Consumer Duty. The team supervises retail discretionary and advisory portfolio managers and stockbrokers. The role will include a significant amount of external firm engagement, where we increasingly use data to support a proactive approach. This sector plays a crucial role to help millions of clients manage their investments and achieve their goals, but some firms have shown complacency and there is a positive opportunity to raise standards by working together. You will also get hands on experience of using a wide range of regulatory tools and powers as part of our assertive and proportionate approach when harm is identified.
These roles sit within the Advisers, Wealth & Pensions (AWP) Department which sits within the Consumer Investments (CI) Directorate
What will you be doing?
* Developing supervision and mitigation strategies, setting clear expectations to firms, influencing, persuading and where appropriate, using formal powers to deliver better outcomes for consumers in line with our Consumer Duty and Financial Crime priorities
* Analysing the business models/strategies of firms, and identifying how risks could cause harm to consumers and/or markets
* Developing constructive working relationships with senior management in firms
* Being involved in cross-department/FCA wide initiatives
* Managing key stakeholder relationships, both internal and external,
* Working at pace to make sound judgements and joining the dots
What will you get from the role?
* Opportunity to support supervision strategies in relation to Consumer Duty and/or Financial Crime, with exposure to a variety of business models and firm types
* Opportunity to work in a complex, high profile, red portfolio and supervising a sector which impacts millions of clients across the UK
* Unique insight into the workings of firms across the sector and influencing firms’ senior management and behaviour
* Exposure to senior stakeholders and a diverse cross divisional FCA approach that includes Prudential, Resolution, Financial Crime and Enforcement action
* Opportunity to deliver our vision across firms that operate in the sector to protect and support consumers
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 in financial advice, wealth management or investment intermediary sectors. Alternatively, experience in a related financial services role within regulatory, consultancy or compliance firm
* Prior experience of making timely risk-based decisions with clear analysis and justification and putting an appropriate strategy in place
Essential
* Ability to build effective working relationships to support the delivery of supervisory outcomes, flexing your style to build consensus and influence a range of diverse stakeholders
* Ownership of problems and drive forward pragmatic action-based solutions
* Ability to adapt to change and manage priorities which may change at short notice
* Ability to influence and negotiate while maintaining the integrity of the issues that need to be conveyed
* Sound understanding of the Consumer Investments sector, or willingness to learn, including knowledge of retail investment products and services, and the key risks posed by firms in the sector
* Prior experience in a role where concise written communication skills was required
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 is a 12 Month Fixed Term Contract
* This role is graded as Senior Associate
* Advert Closing Date: 30th of July
* CV Review/Shortlist: 31st of July
* First Round Case Study Assessment: 1st of August
* Case Study Review/Shortlist: Week commencing for 4th of August
* Competency Based interview: Week commencing 11th of August
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 Riley Fox at Riley.fox@fca.org.uk
Applications must be submitted through our online portal. Applications sent via email will not be accepted.
Seniority level
* Seniority level
Mid-Senior level
Employment type
* Employment type
Full-time
Job function
* Job function
Finance and Sales
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