Lead Wholesale Banks Supervisor

Job title: Lead Wholesale Banks Supervisor
Division: Supervision, Policy & Competition
Department: Wholesale Banks, Sell side

• Salary: National (Edinburgh and Leeds) ranging from £59,100 to £74,000 and London from £64,900 to £88,000 (salary offered will be based on skills and experience)

• This role is graded as: Lead Associate - Regulatory

• Your recruitment contact is Tahir Khan via [email protected]. 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). The Sell-Side Directorate oversees wholesale banks, intermediaries, market infrastructure and exchanges, ensuring fair, transparent and resilient wholesale markets that support the effective functioning of the UK’s financial system.

Role responsibilities:

• Oversee and personally deliver several key workstreams which include (1) our data strategy including risk identification and outlier analysis across firms; (2) multi firm work across the portfolio; (3) our external comms strategy; and (4) the most complex cases in the portfolio

• Work on a range of issues of key importance to financial services, to develop and implement strategies to oversee the portfolio and firms, and to help the FCA deliver its strategy

• Engage with senior managers at wholesale banks and the FCA, help set our supervision strategy and key FCA priorities for the firms we supervise, work with a range of specialists at the FCA and build relationships with other regulators

• Direct line management as well as overseeing, coaching and mentoring others in the team

• Assess business models, strategies and activities of a wide range of wholesale banks, how they are changing in response to the external environment and what implications these changes have for the FCA supervision of these firms

• Oversee and lead on a variety of complex supervisory cases and projects including the design and implementation of our data and comms strategy

• Support the management team in running the department

Skills required:

Minimum:

• Prior experience of working in either a wholesale financial service environment such as a regulated firm, legal and consultancy or other regulatory and governmental organisations

• Demonstrated experience of working in an analytical role using information and data

Essential:

• A curious and inquisitive mindset, and a commitment to deliver in the public interest

• Evidence of working with large amounts of complex information to identifying key themes, drawing logical conclusions, identifying outliers and developing and implementing a strategy and plan of action

• Experience of using data to analyse business models and wholesale conduct risks or evidence through another role demonstrating you could quickly learn this

• Effective interpersonal and stakeholder management skills: able to build and maintain relationships with senior management at wholesale banks, other regulators and staff at all levels within the FCA

• Experience of overseeing, coaching and mentoring others

• Ability to work with minimal supervision to deliver material outcomes, use sound judgement and escalate issues appropriately

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

For a full list of our benefits, and our recruitment process as a whole visit our benefits page.

Our Values & 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

• Job advert close: Sunday 1st March at 23:59pm

• CV Review/Shortlist: 2nd March

• Case Study Assessment: w/c 9th March

• Interview: w/c 16th March

• 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.