Senior Credit Rating Agency Supervision Associate

Salary: National (Edinburgh and Leeds) ranging from £53,800 to £67,200 and London £59,200 to £73,800 (salary offered will be based on skills and experience)

Division: Supervision, Policy & Competition (SPC)

Department: Infrastructure and Exchanges

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 financial services in the UK. We are currently seeking a skilled individual to join the Benchmarks and Credit Rating Agencies Supervision team within the Capital Markets Department. The Capital Markets Department sits within SPC division at the FCA and is responsible for both benchmark and credit rating agencies supervision and policy.

The Benchmarks and Credit Ratings Supervision Team is responsible for supervising UK-regulated benchmark administrators and CRAs in line with the applicable regulatory requirements and the FCA's Approach to Supervision. Benchmark administrators produce benchmarks that are used across financial markets. Where they perform this role effectively, market participants can rely on accurate and representative measures of underlying market activity. CRAs play a key role in providing an assessment of the creditworthiness of governments, corporates and other issuers of securities. Where they perform this role effectively, investors are well-informed on the risks of investing in these assets and hence, capital is more efficiently allocated. These outcomes contribute particularly to the FCA's statutory objective for market integrity and its consumer protection objective.

Role Responsibilities

• Lead the FCA's supervisory relationships with assigned CRAs, using engagement and direct dialogue to support positive behavioural change and deliver effective regulatory outcomes.
• Shape and deliver strategic supervisory initiatives across ratings processes, operational resilience and governance, helping to reduce harm and improve market integrity.
• Apply expert judgement to identify emerging risks within credit ratings markets and support proportionate interventions that protect consumers and enhance confidence in the financial system.
• Build close partnerships with senior stakeholders across the FCA, bringing insights together to inform supervisory priorities and decision-making.
• Share expertise and contribute to a collaborative learning culture, supporting colleagues across Capital Markets and enhancing the FCA's supervisory effectiveness.
• Work closely with colleagues across supervisory teams to identify risks, solve complex challenges and deliver outcomes that help safeguard markets and improve the financial wellbeing of millions of consumers across the UK.

Skills required

• Prior experience working in a regulatory or financial services position, such as credit rating agency, commercial or investment bank, asset management, law firm or any other regulatory body.
• Prior experience working in an analytical role using a varied range of information, both qualitative and quantitative and using that to form judgements that balance a range of factors.

Essential

• Thorough understanding of the CRAs business model, credit ratings processes and the potential risks associated with CRA activities.
• Ability to lead and deliver projects effectively within agreed timelines while managing multiple priorities.
• Effective verbal and written communication skills, with the ability to present clear, concise and well-reasoned arguments.
• Ability to make informed and timely decisions, acting on their own initiative to identify key issues, navigate complexity and escape matters where appropriate.
• Well-developed organizational skills, with the ability to balance competing priorities and manage changing demands effectively.
• Flexible and responsive approach, with the ability to respond positively to change and adjust working styles to meet evolving business needs.
• Demonstrated ability to work collaboratively as part of a team, consistently supporting colleagues and contributing to the successful delivery of shared objectives.

Benefits

• 25 days annual leave plus bank holidays.
• Colleagues spend a minimum of 50% of their working time in the office each month (60% for Directors and Executive Directors) across our London, Leeds and Edinburgh offices.
• 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.

Our values and culture

Our colleagues are the key to our success as a regulator. We are committed to fostering a diverse and inclusive culture: one that is 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 timelines

Job advert close: 22nd September 2026 at Midnight. CV Review/Shortlist: 24th September 2026. 1st stage Interviews: w/c 5th October 2026. 2nd stage Interviews: w/c 19th October 2026. 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.