RMF Lead Associate

RMF Lead Associate

Division - Risk and Compliance Oversight

Salary – National – ranging from £59,100 – £80,000 and London from £64,900 – £90,000 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.

The Risk and Compliance Oversight Division (R&CO) performs the second line of defence function in the FCA. R&CO help the FCA identify, assess, and report risks that threaten the FCA's ability to deliver its statutory objectives. The Division is responsible for:

• Defining and owning the FCA Risk Management Framework;

• Providing ongoing guidance and oversight of risk management across the FCA;

• Enterprise-wide risk analysis and reporting;

• Delivery of Regulatory Investigations and Assurance;

• Compliance Oversight; and

• Complaints.

We are recruiting for a talented individual to work in our Risk Framework Team. The Risk Framework team are responsible for establishing and maintaining the design and implementation of the Risk Management Framework and supporting infrastructure. This includes working with the key colleagues across the R&CO, such as risk advisory, to explain the FCA Risk Management Framework and its key components, for example Risk Taxonomies, Risk Tolerance statements, Policies, Standards (Controls) and how these apply to a situation. The team also helps the business fulfil their responsibilities for delivering their objectives and priorities by using effective risk management tools and techniques, such the FCA risk and audit system and for facilitating structured risk workshops.

This is a high-profile role which requires a mix of delivery focus, business engagement and technical risk skills.

What will you be doing?

• Leading on the development, maintenance and application (where relevant) of FCA’s Risk Management Framework (RMF) and the tools and processes that underpin it;

• Providing technical support on the FCA’s Risk and Audit System to colleagues in Risk and Compliance Oversight and the wider organisation. This includes, but is not limited to, answering questions, fulfilling business admins tasks (e.g. updating permissions) and escalating system issues for resolution;

• Helping the business use the Risk Management Framework to identify and understand risks (including the strength of the control environment) and to put in place appropriate mitigation;

• Actively promoting a culture of risk management through advice and training, including advice on the delivery of operational and behavioural change;

• Providing leadership and, where directed, management oversight to other team members;

• Working with colleagues in Risk and Compliance Oversight, Risk Advisory and the wider organisation to ensure the RMF and supporting infrastructure are appropriated communicated, understood and embedded in day to day business processes.

What you will get from the role?

• You will work on a varied set of tasks and deliverables in the team. This includes having the opportunity to lead on important projects shaping the second line view and shaping the organisational approach to risk management.

• You will have a pivotal role and numerous opportunities where you’ll be empowered to shape the approach and outcomes of risk management initiatives.

• You’ll also work continuously with colleagues both within R&CO and across the FCA to deliver these initiatives.

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

• Experience of working in a Risk Function within a large/complex organisation; with significant knowledge and experience of Risk Management Frameworks, methodologies and emerging practices (design, development and implementation);

• Demonstrable experience of providing risk management training to others; Demonstrable experience in delivering projects end to end (including managing project timelines etc).

Essential

• Demonstrable experience of working with risk systems and how they are used to support risk and control assessments, risk event (incident) management and Key Risk Indicators;

• A flexible approach to the way you work and what you work on, and the ability to work in a changing environment including delivering at pace to tight deadlines;

• Excellent stakeholder management skills with the ability to promote productive working relationships with other divisions; able to understand others' perspectives while persuasively presenting your own views in order to find mutually agreeable solutions;

• Excellent written and oral communications skills including the ability to communicate confidently and credibly with colleagues, senior management and subject matter experts;

• Good understanding of the FCA, and its approach to regulation;

• Ability to quickly assimilate and analyse detailed information to form prioritised judgements and identify potential risks;

• Self-motivated with a proactive approach to work; able to use own initiative to identify potential issues and suggest solutions.

• Well organised and able to work on several different tasks at the same time.

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.

The FCA is committed to achieving greater diversity across all levels of the organisation. Given this, we particularly welcome applications from women, minority ethnic, disabled, and neurodivergent candidates for our Senior Associate role.

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 role is graded as Lead Associate, Regulatory

• Advert Closing Date: Thursday 3rd April (midnight)

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 careers@fca.org.uk.

Applications must be submitted through our online portal. Applications sent via email will not be accepted.