Associate in Financial Crime Market Intervention

About Us Financial Crime Market Interventions provides the dedicated specialist resource and expertise to help the FCA (Financial Conduct Authority) meet its financial crime responsibilities, as contained in the FCA’s wider objective on integrity and in its public financial crime commitment. The department is comprised of three Financial Crime Specialist Supervision teams, a Sanctions Supervisory Team, a Risk, Data & Strategy Team and a Financial Crime Public Commitments Strategy & Delivery Team. Working together with others inside and outside the FCA, we deal with issues involving money laundering, financial sanctions and bribery and corruption. The Financial Crime Market Interventions department does not cover market abuse or fraud. What does this job involve? As an Associate, you will be responsible for delivering our proactive supervisory assessment programme and/or a portfolio of reactive casework, relating to sanctions and/or wider financial crime issues. These activities ensure that we deliver the objectives of the department. You will be expected to make appropriate judgements on regulatory actions following proactive or reactive assessments. You will work with a variety of internal and external stakeholders to ensure that they are kept informed and engaged as appropriate. You will report to a Financial Crime Market Interventions Manager. What will I get from the role?

• An interesting and varied workload, with responsibility for delivering the work assigned to you.
• The opportunity to work on potentially high profile or complex casework and to support on financial crime systems and controls assessments of regulated firms across various financial sectors.
• The chance to work collaboratively with external agencies including other regulators and law enforcement
• Internal collaboration with many areas including our firm supervisors, Intelligence Department and Enforcement.
• The chance to join a friendly and collaborative environment committed to thinking creatively about achieving good financial crime compliance outcomes for the FCA.
• The opportunity to use your judgement to make decisions at pace, stand by them, and learn from experience.
• A chance input into our ways of working as we look to continually improve the way we supervise firms.
• A chance to understand the changing ways in which firms and the industry work, and the implications for how we carry out our work on financial crime.

About You

• Any disabled applicant meeting the minimum criteria will automatically progress to interview stage, should they enter under the

Disability Confident scheme. For more information on the FCA’s commitment to building a diverse and inclusive workforce, including guidance on drafting criteria, please refer to the FCA’s Positive Action Framework.

Minimum

• The role requires SC level Security Clearance, which will require the candidate to have 2 years UK residential address history
• Knowledge of the financial crime and/or UK (United Kingdom) Sanctions legal and regulatory regime, gained through study or experience.
• Clear and well organised oral and written communication skills, particularly when communicating with firms.
• Experience of dealing with multiple tasks and managing competing work streams often under tight deadlines.

Essential

• Knowledge of the FCA’s regulatory and wider legal framework
• A good understanding of the wider business, economic, and market environment and how this affects firms’ vulnerability to financial crime, including sanctions.
• The ability to quickly analyse and interpret a variety of data and information to execute effective actions to mitigate risk.
• A team player, with a positive approach and outlook to their work and the ability to deliver autonomously when necessary.
• The ability to work effectively with a variety of stakeholders, both external and within the FCA, provide effective challenge and find solutions to problems.
• The ability to manage and progress cases, apply technical and professional experience to make judgements and to make decisions.
• Confidence to make considered judgements and prompt decisions, to stand by their decisions and learn from experience.
• A good knowledge of the structure of the financial services industry – i.e., key products and services and key processes.

Desirable:

• Experience of assessments of firms’ financial crime, including sanctions, systems and controls (for example as part of 2nd or 3rd line testing at a regulated firm).
• Experience of working on projects and delivering work within the scope of the project to agreed timelines.

About the FCA At the FCA, we’re creating a fair and more resilient financial system. We’re establishing more transparent relationships between financial services and their customers, building trust in financial markets and protecting vulnerable consumers. The FCA's Values & Diversity Our ambition is to create a diverse and inclusive workplace that reflects the society we serve, helping us to be a better regulator. As an inclusive employer, we are open to considering flexible working arrangements. Please contact our recruiter if you wish to apply for this role on a flexible basis. Useful Information The successful candidate will be required to have or obtain National Security Vetting status before taking up the post. This will require you to provide sensitive personal information about your family, your personal circumstances and your finances.

• The job family for this role is Associate lvl 8 - Regulatory
• This role can be based in Edinburgh, Leeds or London
• The salary range for London is approximately £42,000 - £60,000 depending on the successful candidate’s skills and qualifications, plus a competitive benefits package and non-contributory pension.
• The salary range for Edinburgh is approximately £38,000 - £56,000 depending on the successful candidate’s skills and qualifications, plus a competitive benefits package and non-contributory pension.
• The salary range for Leeds is approximately £38,000 - £56,000 depending on the successful candidate’s skills and qualifications, plus a competitive benefits package and non-contributory pension.
• Applications for this role close on 10th April 2023
• If you are an internal candidate and interested in learning more about the role, please contact Kezia Downie on kezia.downie@fca.org.uk.
• If you are an external candidate and interested in learning more about the role, please contact Chhavi Bartaria on chhavi.bartaria@fca.org.uk

Additional Information The Financial Conduct Authority (FCA) has recently set out a new employment offer designed to reward strong, consistent performance, aid career development and close pay gaps. This follows an extensive, wide-ranging and comprehensive consultation with all FCA colleagues and the FCA’s Staff Consultative Committee. The changes, including updates to the proposals consulted upon, will mean that the FCA continues to provide one of the best reward packages of any regulator or enforcement agency in the UK. If you have any questions, please speak to your recruiter or visit the FCA website (or intranet for internal colleagues). Please note – Applications must be submitted through our online portal. Applications sent via email will not be accepted.