Senior Wealth Management Supervisor â 12 Month Fixed Term Contract
Senior Wealth Management Supervisor â 12 Month Fixed Term Contract
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Job Description
Senior Wealth Management Supervisor 12 Month Fixed Term Contract
Division Consumer Investments
Salary - National (Edinburgh and Leeds) ranging from 52400 to 64500 and London 57700 to 68500 per annum (Salary offered will be based on skills and experience)
About the FCA
The FCA regulates the conduct of 45000 firms in the UK to ensure our financial markets are honest fair and competitive. Follow this link to find out more About the FCA
As well as supporting growth our wealth management supervision team is focussed on reducing and preventing serious harm arising from financial crime and poor client outcomes linked to the Consumer Duty. The team supervises retail discretionary and advisory portfolio managers and stockbrokers. The role will include a significant amount of external firm engagement where we increasingly use data to support a proactive approach. This sector plays a crucial role to help millions of clients manage their investments and achieve their goals but some firms have shown complacency and there is a positive opportunity to raise standards by working together. You will also get hands on experience of using a wide range of regulatory tools and powers as part of our assertive and proportionate approach when harm is identified.
These roles sit within the Advisers Wealth & Pensions (AWP) Department which sits within the Consumer Investments (CI) Directorate
What will you be doing
Developing supervision and mitigation strategies setting clear expectations to firms influencing persuading and where appropriate using formal powers to deliver better outcomes for consumers in line with our Consumer Duty and Financial Crime priorities
Analysing the business models/strategies of firms and identifying how risks could cause harm to consumers and/or markets
Developing constructive working relationships with senior management in firms
Being involved in cross-department/FCA wide initiatives
Managing key stakeholder relationships both internal and external
Working at pace to make sound judgements and joining the dots
What will you get from the role
Opportunity to support supervision strategies in relation to Consumer Duty and/or Financial Crime with exposure to a variety of business models and firm types
Opportunity to work in a complex high profile red portfolio and supervising a sector which impacts millions of clients across the UK
Unique insight into the workings of firms across the sector and influencing firms senior management and behaviour
Exposure to senior stakeholders and a diverse cross divisional FCA approach that includes Prudential Resolution Financial Crime and Enforcement action
Opportunity to deliver our vision across firms that operate in the sector to protect and support consumers
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
Prior experience in financial advice wealth management or investment intermediary sectors. Alternatively experience in a related financial services role within regulatory consultancy or compliance firm
Prior experience of making timely risk-based decisions with clear analysis and justification and putting an appropriate strategy in place
Essential
Ability to build effective working relationships to support the delivery of supervisory outcomes flexing your style to build consensus and influence a range of diverse stakeholders
Ownership of problems and drive forward pragmatic action-based solutions
Ability to adapt to change and manage priorities which may change at short notice
Ability to influence and negotiate while maintaining the integrity of the issues that need to be conveyed
Sound understanding of the Consumer Investments sector or willingness to learn including knowledge of retail investment products and services and the key risks posed by firms in the sector
Prior experience in a role where concise written communication skills was required
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.
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 cant 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 is a 12 Month Fixed Term Contract
This role is graded as Senior Associate
Advert Closing Date: 30th of July
CV Review/Shortlist: 31st of July
First Round Case Study Assessment: 1st of August
Case Study Review/Shortlist: Week commencing for 4th of August
Competency Based interview: Week commencing 11th of August
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 Riley Fox at
Applications must be submitted through our online portal. Applications sent via email will not be accepted.
Required Experience:
Manager
Employment Type
Full-Time
