At a Glance
- Tasks: Oversee retail banking firms, assess risks, and ensure consumer protection.
- Company: Join the FCA, a key regulator in UK financial services.
- Benefits: Enjoy 25 days leave, hybrid work, and private healthcare.
- Other info: Diverse culture with flexible working options and career growth.
- Why this job: Make a real impact on UK finance and protect consumers.
- Qualifications: Experience in financial services regulation and strong analytical skills.
The predicted salary is between 59200 - 69000 £ per year.
Division: Supervision, Policy & Competition
Department: Retail Banking
Salary: National (Edinburgh and Leeds) ranging from £53,800 to £52,733 and London from £59,200 to £69,000 (salary offered will be based on skills and experience)
This role is graded as: Senior Associate - Regulatory
This vacancy is for 2 positions – 1 Permanent position and 1 12-Month Fixed Term position.
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 UK finance services. SPC oversees firms and individuals (supervision), creates and reviews the rules by which they operate (policy) and identifies and remedies ineffective competition in markets (competition). The Retail Banking Directorate oversees supervision and policy for UK retail banking and mortgages, driving better outcomes for consumers including those with vulnerabilities - through firm-specific, sector-wide, and event-driven work, with a strong focus on fairness, affordability, and consumer protection.
Role responsibilities:
- Maintain oversight of two Retail Banking firms (e.g. high street banks, digital banks, building societies), conducting periodic firm risk assessments and identifying key prudential and conduct risks
- Monitor firm performance, financial resilience, and governance arrangements
- Act as a key point of contact for firms, maintaining effective working relationships, including leading and supporting on bilateral meetings, deep dives, and thematic reviews
- Contribute to the design and delivery of supervisory interventions where risks are identified
- Draft supervisory correspondence and formal communications to firms
- Provide input into policy development based on frontline supervisory insights
- Contribute to cross-firm or sector-wide supervisory projects (e.g. cost of living impacts, savings rates, lending practices)
- Build an understanding of trends in retail banking, including digital banking models and fintech developments, mortgage and lending markets, and savings products
Skills required:
Minimum:
- Prior experience regulating or working with regulated financial services firms on one of the FCA retail banking priorities: consumer duty, financial crime, fraud, operational resilience
- Proven experience in building and maintaining relationships with senior management and stakeholders internally and externally
- Prior experience working in an analytical role to reach sound judgements quickly and clearly from a broad and varied range of information
Essential:
- The ability to act on your own initiative to make informed and timely decisions, cutting through complexity, identifying the key issues and escalating issues appropriately
- Present yourself and the FCA in a professional and credible manner, with effective oral and presentation skills
- Experience of effective teamwork, working with others to deliver outcomes and complete tasks, readily offer your support to colleagues
- Demonstrated skill in balancing and managing competing priorities, even when external factors intervene, while operating with little supervision
- Willingness to learn and develop yourself and others, taking on new responsibilities and adopting a flexible and pragmatic approach to your work
Benefits:
- 25 days annual leave plus bank holidays
- Hybrid model where employees work a minimum of 40% in the office each month (expectation of 50% for senior leaders). Changing from September to a minimum of 50% in the office each month (expectation of 60% for Directors and Executive Directors)
- 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 & Culture
Our colleagues are the key to our success as a regulator. We are committed to fostering a diverse and inclusive culture: one that’s 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 Timeline
- Job advert close: Wednesday 10 June 23:59pm
- CV Review/Shortlist: 16 June
- Case Study Assessment: w/c 22 June
- Interview: w/c 6 July
- 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.
Senior Retail Banking Firm Supervisor in Leeds employer: PSR Limited
As a Senior Retail Banking Firm Supervisor at the FCA, you will be part of a dynamic team dedicated to ensuring fairness and consumer protection in the UK financial services sector. With a strong commitment to employee development, a diverse and inclusive work culture, and generous benefits including a non-contributory pension and private healthcare, the FCA offers an exceptional environment for professional growth and meaningful impact. Located in vibrant cities like London, Edinburgh, and Leeds, this role provides the opportunity to engage with key stakeholders while enjoying a flexible working model that supports work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Retail Banking Firm Supervisor in Leeds
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking sector, especially those who might have insights into the FCA. A friendly chat can sometimes lead to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for the interview by researching the latest trends in retail banking and the FCA’s recent initiatives. Show us you’re not just interested in the role but also passionate about the industry!
✨Tip Number 3
Practice your presentation skills! You’ll need to communicate effectively with stakeholders, so being able to present your ideas clearly will set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the only way to ensure your application gets seen. Plus, it shows you’re serious about joining the FCA team.
We think you need these skills to ace Senior Retail Banking Firm Supervisor in Leeds
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Retail Banking Firm Supervisor role. Highlight your experience in regulating financial services and any relevant skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about retail banking and how your background aligns with our mission at StudySmarter. Keep it concise but impactful, and don’t forget to show your personality!
Follow the Application Process:Remember, applications must be submitted through our online portal. Don’t send your application via email or social media, as we won’t be able to consider it. Stick to the process, and you’ll be one step closer to joining us!
Proofread Before You Submit:Before hitting that submit button, give your application a thorough proofread. Typos and errors can make a bad impression. We want to see your attention to detail, so take the time to ensure everything is polished and professional!
How to prepare for a job interview at PSR Limited
✨Know Your Stuff
Make sure you brush up on the latest trends in retail banking, especially around consumer duty and financial crime. Being able to discuss these topics confidently will show that you're not just familiar with the industry but also genuinely interested in it.
✨Build Relationships
Since this role involves maintaining effective working relationships, think about how you can demonstrate your relationship-building skills. Prepare examples of how you've successfully collaborated with senior management or stakeholders in the past.
✨Show Your Analytical Side
Be ready to showcase your analytical skills during the interview. You might be asked to assess a scenario or case study, so practice articulating your thought process clearly and concisely. Highlight how you make informed decisions based on complex information.
✨Prepare for Real-World Scenarios
Expect questions that relate to real-world challenges in retail banking. Think about how you would handle specific situations, such as addressing risks or implementing supervisory interventions. This will help you demonstrate your problem-solving abilities and initiative.
