Job Title: Senior Supervisor, Custody Banks & Bank Asset Management Subsidiaries
Division: Supervision, Policy & Competition (SPC)
Department: Market Interventions (MI) Asset Management and Funds
* Salary: National (Edinburgh and Leeds) ranging from £53,800 to £62,000 and London £59,200 to £69,000 (salary offered will be based on skills and experience)
* This role is graded as: Senior Associate – Regulatory
* Your recruitment contact is Steve Christopher via steve.christopher@fca.org.uk. 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 within the Buy‑Side Directorate, the Market Interventions (MI), Asset Management and Funds Department supervises asset management firms, using data‑driven oversight and collaboration across the FCA and industry to address key harms and ensure good outcomes for consumers and markets. We have an exciting opportunity to join our supportive Custody Banks and Bank Asset Management Subsidiaries team within the FCA’s Wholesale Buy Side Supervision Directorate, working with regulated firms including asset managers, custodians, depositaries and other fund service providers and the fund products they support. The team supervises more than 100 bank owned asset managers, custody banks, depositaries and fund service providers, including some of the world’s largest asset managers by assets under management (AUM) and several global systemically important banks (G‑SIBs). The role focuses on key supervisory and market issues, delivering strategies that manage risks, responding to emerging challenges, preventing harm to consumers and financial markets, and supporting competition and growth, offering meaningful, rewarding and impactful work.
Role Responsibilities
* Analyse complex business models across banking and asset management, helping the FCA spot emerging risks and protect consumers nationwide
* Shape and deliver supervision strategies that ensure fair, reliable outcomes, using a wide range of regulatory tools to reduce the risk of market and consumer harm
* Build trusted relationships with senior stakeholders, help shape key decisions and bring clarity to market practices through sound judgement and clear communication; Champion and, where appropriate, lead sector‑wide thematic projects that address priority risks and support a more resilient financial system
* Work collaboratively across diverse internal and external groups, building partnerships that enhance the FCA’s impact and broaden your own regulatory skills
Minimum Skills required
* Prior experience working in the asset management, custody or banking sector, whether from industry, consultancy or a regulatory environment
* Demonstrable experience reviewing, investigating and assessing information from multiple sources to form clear, well‑reasoned judgements
* Proven experience managing internal and external stakeholders effectively, including senior engagement
Essential
* Commitment to the FCA’s mission and a genuine motivation to promote fair outcomes for consumers and markets
* Experience in the asset management sector, in risk, compliance or consulting roles
* Effective team‑working approach, collaborating effectively to deliver shared outcomes
* Excellent interpersonal skills, with the ability to build and sustain productive relationships with senior stakeholders
* Clear communication style, able to explain complex issues simply and offer constructive challenge with confidence
* Confidence operating in environments characterised by uncertainty, complexity and frequent shifts
* Ability to manage competing priorities while gaining familiarity with new areas, moving into new areas of work and taking on additional responsibility
Benefits
* 25 days annual leave plus bank holidays
* Hybrid model where employees work a minimum of 40% in the office each month (expectation of 50% for senior leaders). Changing from September to a minimum of 50% in the office each month (expectation of 60% for Directors and Executive Directors)
* Non‑contributory pension (8–12% depending on age) and life assurance at eight times your salary
* Private healthcare with Bupa, income protection and 24/7 Employee Assistance
* 35 hours of paid volunteering annually
* A flexible benefits scheme designed around your lifestyle
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 timelines
Timeline:
* Job advert close: 19th April 2026 at Midnight
* CV Review/Shortlist: 21st April 2026
* Case Study Assessment & Interviews: w/c 27th April 2026
* 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.
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