Roles

We are currently recruiting for a range of individuals with varying degrees of skills, experience and backgrounds. For all the following roles you must be able to demonstrate our core competencies.

For the Associate roles we are looking for candidates with strong analytical thinking, intellectual ability, good relationship building and communication skills. You do not have to have financial services experience although this is of course welcomed. You may have come from a different industry entirely e.g. Science or Engineering, or be looking for your second job having completed a graduate scheme in or out of financial services.

For the Relationship Manager roles we are looking for candidates from a variety of different backgrounds in either banking, investment banking, insurance, asset management, investment firms, audit, accountancy, law, risk management or relationship management. At the senior end of the scale a certain depth and breadth of industry, risk management and relationship management experience will be required in addition to our core competencies. More junior relationship managers will be expected to clearly demonstrate our core competencies and have some work experience. We are particularly looking for candidates who hold an Accountancy or Law professional qualification.

We are also recruiting senior and junior risk professionals for our Prudential Risk Division, a specialist division spanning all areas of risk management: Credit Risk, Counterparty Risk, Collateral Management Trading Risk, Asset Liability Management and Liquidity, Structured Finance, Operational Risk Management, IT Security Risk, Pension and Actuarial Risk Management. Relevant industry experience will be necessary for these risk roles with quantitative analytic ability required for some.

Salaries will be awarded according to breadth of experience and capability.

Associate - £30-£45k

Following comprehensive training, you will have responsibility for supervising medium sized firms, or assisting in the supervision of larger firms. Working within the FSA's risk management process ARROW, you will identify key risks in firms and make recommendations as to how such risks should be mitigated. You will then oversee the application of such mitigation measures. You will do this using a variety of tools such as firm visits, desk based reviews and working with specialist colleagues. In doing so you will gain a thorough understanding of what the key issues are for the firms, and what challenges they face in improving their practices.

You will also be a firm's main day-to-day contact with the FSA and it is essential that you are able to present yourself and the FSA in a professional and credible manner.

A key responsibility will be to gather and analyse a variety of information. You will present recommendations for action, based on this analysis to senior committees. Your ability to capture critical information and deduce the key issues will, therefore, help us to operate in a more principles-based approach to regulation.

Relationship Managers - £40-£90k

As a Relationship Manager you will work within a dedicated supervisory team, you'll build a strong relationship with each firm or part of a group under your supervision, using the ARROW process to facilitate thorough and efficient management of key risks to FSA objectives. Your credibility, influencing skills and judgement will challenge firms to manage risks effectively within their own organisation, ensure a good supervisory focus and change behaviours.

Gathering information from a variety of sources to manage risks, you'll spend time at firms, conduct interviews with senior management, examine a variety of internal documentation and liaise closely with relevant FSA specialists. Using this information to identify areas of concern, you'll make recommendations to senior committees and define requirements that lead to the establishment of robust risk mitigation programmes. Throughout, you'll be managing key relationships with the firm that you supervise helping us to implement a more principles-based approach to regulation - communicating effectively, keeping accurate records and focusing on key issues, themes and outcomes rather than slavishly adhering to rules.

Prudential Risk professionals - £45-£120k

The Prudential Risk Division (PRD) spans all aspects of risk management of FSA regulated financial institutions – governance, risk policies, risk processes, analytics, data management and IT.

As a risk professional within the PRD you will support the FSA’s relationship management supervisory teams with independent risk assessment reviews and market analysis. The division works across a diverse portfolio of firms – ranging from banks, building societies, investment banks, insurance companies and global fund management firms to London market insurers, re-insurers, corporate finance firms, venture capital firms, institutional asset managers, IFAs and stockbrokers.

By raising risk management standards within firms, ensuring that they are prudently run and soundly capitalised, you will help the FSA to meet its objectives of protecting consumers and maintaining confidence in the financial system.

You will interact with all our business partners within the FSA, including relationship management supervisors, policymakers, our Strategy and Risk division and our Sector colleagues as well as all our external stakeholders, including senior executives at financial service firms and regulators across the globe.

The division is also responsible for reviewing applications from firms to use internal measurement approaches for calculating their capital requirements under Basel 2: IRB for credit risk, AMA for operational risk, CAD1 and CAD2 for market risk; and EPE for counterparty risk. The PRD play a leading role in Pillar 2 reviews for the larger firms and for those using advanced economic capital models. And, looking ahead will be supporting the FSA’s implementation of Solvency 2 for the insurance industry.

We are recruiting junior and senior professionals for the following areas:

  • ALM / Liquidity
  • Insurance Risk
  • Structured Finance
  • Traded Products
  • Operational Risk
  • Credit Risk
  • Economic Capital, Pillar 2 and modelling team
  • Counterparty and Collateral management team

For more detailed job descriptions visit our recruitment system and search under the above descriptions.