Location: UK: London

Opportunity: 6-month returnship roles with hybrid working 

Start date: ASAP

Closing date: 15 November 2022

* Applications have now closed *

The Financial Conduct Authority (FCA) is excited to hire two Senior Associates to join their Specialist Supervision department. These returnship roles are for professionals looking to restart their careers after two or more years absence from the workforce. During your career break you may have been working on a small-scale basis to fit around your other commitments or have not carried out any paid work for a number of years. This is a paid six-month role offering you the opportunity to work in a position that will strengthen your technical skills, explore new career paths, and experience the vast network of resources.  

About the role

Successful applicants will join the Financial Resilience Department (FRD) which sits in Specialist Supervision Division. The FCA regulate 60,000 firms which they have broadly categorised into 43 different sectors. The specialist departments cut across the sectors of regulated firms, supporting supervisors. 

The Financial Resilience Department (FRD) is seeking individuals who while developing their financial analysis skills, will help the department’s assessment of financial resilience through to comparing the financial resources and controls in firms to the risks inherent in their business models.  FRD’s mission is to provide high quality financial analysis of the firms they regulate, and support the FCA more broadly, to meet its objectives.  

There are four teams in the department who work closely together to provide high quality assessments of the firms and markets regulated by the FCA. FCA have roles available in the teams focussed on the financial resilience of firms. All roles will involve financial analysis, assessing business models and controls and influencing firms to lessen the potential for harm.

What does the role involve?

Senior Associates in the department are responsible for:

  • Leading and supporting financial resilience assessments and/or analyses of FCA solo-regulated firms. FCA solo-regulated firms represent a wide variety of business models across a wide array of financial products and services.
  • Role modelling Judgement, Engagement, Delivery and Self-Management and the FCA values
  • Ensuring FCA are efficient in delivering high quality assessments/analyses on time.
  • Dealing with queries from firms and supervisors.

What will I get from the role?  

This is an incredibly interesting time to join the FCA’s team of prudential experts. You will get the opportunity to:

  • Help shape the post-Covid, post-Brexit regulatory and supervisory framework for 49,000 financial services firms in the UK.
  • Contribute to a challenging and varied portfolio of work, working on high-profile issues, in an intellectually stimulating environment where creating thinking and problem solving are essential.
  • Work with and influence a range of industry professionals both within and outside the FCA.
  • Work in a stretching environment, to grow your expertise at Europe’s largest prudential regulator.

About You

This is a great opportunity to refresh your knowledge and skills in financial analysis and prudential risk assessment. You will have the opportunity to work with a wide range of experts, gaining new experiences and building your confidence in the workplace.

Whilst FCA cannot guarantee you a permanent position at the end of the programme, you will be invited to apply as an internal candidate to any vacancies available across the FCA.  

What they look for:


  • Previous experience of analysing business models of FCA regulated firms
  • Previous experience of analysing risks inherent in the business models of financial services firms


  • The ability to make logical and timely decisions, cutting through complexity and seeing the big picture.
  • Ability to interact appropriately with individuals at firms whilst maintaining the integrity of messages that may need to be conveyed and ensuring consistency of outcomes.
  • Can demonstrate the ability to communicate complex issues succinctly and with clarity to both internal and external audiences; both orally and in writing. 
  • A good team player demonstrating respect for others and the impact and influence to generate shared goals for the department. 
  • The ability to identify and manage key stakeholders, build rapport and constructive relationships. 
  • Ability to make strong personal impact, persuading with well-reasoned arguments and challenging where appropriate. 

It would be great if you had skills or experience within Financial Services or Regulatory Services, but this is not a requirement. 

About the FCA

The FCA is creating a fair and more resilient financial system. They are establishing more transparent relationships between financial services and their customers, building trust in financial markets and protecting vulnerable consumers.

They are currently on an exciting journey as they drive forward significant organisational, people, process, and technology transformation to become a more forward-thinking, proactive regulator. FCA use data more effectively to drive better regulatory decisions and build greater cohesion across their broad financial services remit. Significant improvements in digital enablement, business intelligence, market data and information management maturity will maintain their position as a world leader in financial services regulation.

What’s in it for you

  • Coaching support from Women Returners to help you transition successfully back into the workplace.
  • Mentoring – you will be assigned a buddy when you start, to support your transition and help with any questions you might have throughout the programme.
  • Building a new network both internally and externally, whilst boosting your confidence in the workplace.
  • Regular 1-2-1s with your manager and/or mentor.
  • The base salary range for this role is up to £70,000 FTE plus an additional flexible allowance. FCA’s competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle. You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option top up your base salary by taking this as cash.

Core benefits that you will receive as standard are:

  • 25 days holiday per year
  • Private medical for yourself
  • Pension contributions 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

Hybrid working

The FCA supports hybrid working and you will be expected to work 40% of your time over a month, in their office. They will consider other flexible arrangements, for example part time working, and you can discuss this with the recruiter.

How to Apply

To apply please click here. 

Closing date for applications 15 November 2022

With any questions, please contact Aimee McColl Aimee.McColl@fca.org.uk

Interviews will take place in November and will involve a competency-based interview.  If you have an accessibility requirement, disability or condition that you think may require adjustments to be made to your interview process, you will have the opportunity to let them know during your application.