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- Tasks: Audit and analyse data processes for banks, ensuring compliance with quality standards.
- Company: Join FSCS, a purpose-driven organisation committed to exceptional service and diversity.
- Benefits: Enjoy 26 days annual leave, private medical insurance, and a generous pension scheme.
- Why this job: Make a real impact in the banking sector while developing your analytical skills.
- Qualifications: Strong analytical skills and experience in auditing or testing IT systems.
- Other info: Flexible working environment with excellent career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
The role of the SCV Data Assurance Analyst is to audit the processes and controls that Banks and Building Societies have in place to deliver a Single Customer View to FSCS and to perform an assessment of the data they supply against FSCS' quality and integrity standards and in line with PRA (Prudential Regulation Authority) rules.
My Priorities - What I will deliver:
- Undertake detailed analysis of SCV (Single Customer View) data provided by deposit taking firms
- Perform compliance audits of deposit takers' SCV systems and processes
- Discuss findings from the audits with the regulators and deposit takers
- Assist with the FSCS payout process that triggers when deposit takers fail
- Act as a subject matter expert, giving SCV advice to deposit takers over the phone and via email
- Produce audit reports
- Keep procedures and process maps updated
- Contribute to the internal risk management process of the team
- Assist in the development of our internal system by raising possible system issues and performing simple user acceptance testing and providing feedback to developers
Knowledge, skills and experience:
We have identified the following skills, knowledge, and experience as essential for success in this role; however, we understand that everyone's learning journey is different and there is no one size fits all. If you feel you have many of the below strengths but don’t tick all the boxes, we’d still love to hear from you.
- Prior experience in auditing or testing IT systems and communicating findings
- Strong analytical skills and the ability to work with large amounts of data
- Good Microsoft Office skills (especially Word, Excel and PowerPoint)
- Experience in assimilating and analysing multiple information sources
Desired:
- Knowledge of the regulatory environment of the UK Banking sector
- Some knowledge of FSCS
- Technical experience using SQL to perform operations on databases
- Awareness of the PRA (Prudential Regulation Authority) Rulebook
Working at the FSCS:
At FSCS we are purpose driven and committed to delivering an exceptional service and results for our customers. We have invested greatly in a flexible people offering that we’re proud of, that our employees love and that supports and promotes diversity, inclusion, and overall wellbeing. Key benefits include:
- Employer pension contributions from 9%+ dependant on your contributions and length of service
- Life assurance, income and critical illness protection
- Private medical and dental insurance
- EAP and Virtual GP
- 26 days annual leave + bank holidays and option to sell 5 or buy up to 9 additional days per annum to suit your lifestyle
- Enhanced Maternity, Paternity and Adoption leave - 6 months full pay
- Additional discounts and options to earn rewards to spend at your choice of retailer
To Apply: Use the Apply Now button to apply with your CV. We are happy to consider any reasonable adjustments that candidates may need during the recruitment process, and you will be asked whether you require any during your application. If there are additional options you’d like to request, please contact recruitment@fscs.org.uk. We also offer reasonable adjustments on the job.
SCV Data Assurance Analyst employer: The Financial Services Compensation Scheme Ltd
Contact Detail:
The Financial Services Compensation Scheme Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land SCV Data Assurance Analyst
✨Tip Number 1
Network like a pro! Reach out to folks in the banking and finance sector, especially those who work with data assurance. A casual chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Brush up on your SQL skills! Since technical experience with SQL is a plus for this role, showing off your ability to handle databases can really set you apart during interviews.
✨Tip Number 3
Prepare for those compliance audit discussions! Familiarise yourself with PRA rules and FSCS standards so you can confidently discuss how your skills align with their needs.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace SCV Data Assurance Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the SCV Data Assurance Analyst role. Highlight any auditing or IT systems experience you have, and don’t forget to mention your analytical skills!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our mission at FSCS. Keep it concise but impactful!
Show Off Your Technical Skills: If you've got experience with SQL or Microsoft Office, make sure to showcase that in your application. We love candidates who can handle data and present it clearly, so don’t hold back!
Apply Through Our Website: We encourage you to hit that 'Apply Now' button on our website! It’s the easiest way for us to receive your application and ensures you’re considered for the role. Plus, we’re here to support you throughout the process!
How to prepare for a job interview at The Financial Services Compensation Scheme Ltd
✨Know Your SCV Inside Out
Make sure you understand the concept of Single Customer View (SCV) and its importance in the banking sector. Familiarise yourself with how banks and building societies implement SCV processes, as well as the regulatory standards set by the PRA and FSCS.
✨Brush Up on Your Auditing Skills
Since the role involves auditing processes and controls, review your previous auditing experiences. Be ready to discuss specific examples where you've identified issues or improved processes, and how you communicated those findings effectively.
✨Get Comfortable with Data Analysis
This position requires strong analytical skills, so practice working with large datasets. Use Excel to manipulate data and prepare for questions that may involve interpreting data trends or drawing conclusions from audit results.
✨Prepare Questions for Your Interviewers
Show your interest in the role by preparing thoughtful questions about the team’s current challenges, the tools they use for audits, or how they ensure compliance with PRA rules. This not only demonstrates your enthusiasm but also helps you gauge if the company is the right fit for you.
