Manager - Fund Authorisations Team, Asset Management Department

FCA Perm
London (East)
10 Mar 2018
14 Mar 2018
Contract Type
Full Time
Manager - Fund Authorisations Team, Asset Management Department-Supervision Investment, Wholesale & Specialists Division

The salary range will be approximately 70,000 to 90,000 GBP plus a competitive benefits package and non-contributory pension.


Our society is undergoing dramatic social and demographic change. It is taking place slowly, over generations, but the consequences are likely to be profound. Our population is ageing, life expectancy is increasing, and individual citizens are taking on more responsibility for financing their longevity.

These changes present challenges to the financial services industry, and the FCA. There is a greater need than ever before for long-term savings and the income these generate for increasingly long periods of retirement. The asset management industry has a crucial role in meeting this challenge effectively.

The Asset Management Department (formerly Investment Management Department) is responsible for the supervision of Asset Management firms, ranging from small, independent investment managers up to sophisticated financial services groups with a large impact on the retail market. Firms in our remit include the full range of fund managers, alternative investments managers, private equity firms, operators of collective investment schemes (funds), administrators and large custody banks, as well as firms providing contracts for difference platforms (CFDs). The department also authorises and supervises funds.

Joining the Asset Management Department offers a key insight into a dynamic and critically important sector, at a time of rapid and fundamental change.

We are now recruiting for a permanent manager to oversee a team of 8 direct reports. The team is responsible for managing the authorisation process for UK regulated investment funds that must acquire FCA authorisation to be marketed to investors. This role demands strong people management skills, as well as the ability to engage with firms with confidence, strategic awareness and attention to detail.

What does this job involve?

The key responsibilities of the post holder will be:

  • Provide line management for a team of front line supervisors.
  • Manage team members' workloads to ensure an efficient and fair allocation of workstreams.
  • Ensure robust and timely delivery of fund authorisation decisions in line with agreed timeframes.
  • Ensure processing of alternative funds is in line with agreed timeframes.
  • Provide coaching and career development for the team.
  • Contribute to the management team of the Department, including in relation to our risk and governance processes, and working closely with the other Departments in the Wholesale Supervision Directorate.
  • Help to develop the strategy for the wholesale supervision, in particular in respect to, but not exclusively, asset management.
  • Act as a source of expertise on funds across the organisation.
  • Develop the process and systems of the team to deliver EU withdrawal changes.
What will I get from the role?

This is a rare opportunity to operate at the cutting edge of a sector that is critically important for the UK's economy and society. Acting with influence and impact, you will be expected to engage credibly with a diverse range of fund managers to ensure that funds are appropriately authorised in line with our rules. This is also an opportunity to help manage and develop a dedicated and talented team of supervisors.

Which minimum, essential & desirable skills are required?Minimum

We're a signatory to the Government's Disability Confident scheme. This means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.

  • Strong and demonstrable experience of working within financial services and in the asset management and fund sector in particular. Such experience could be derived from roles with significant exposure to the sector, for example within a regulator or other public sector body.
  • Stakeholder management - able to build and maintain collegiate relationships with other managers in the Department, the Division and other internal and external stakeholders, including firms, other regulators and Skilled Persons
  • Strong people management skills, whether derived through a line, project or other form of management role.
  • Experience of leading and motivating a team; to attract and retain talent, share knowledge, contribute to the development of staff and inspire the team to deliver on departmental objectives;
  • Turns vision and analysis into outcome focused actions and plans for their area, contributing to departmental level plans as appropriate.
  • Ability to spot patterns, trends and anomalies.
  • Strong attention to detail.
  • An analytical mind-set and a risk-based approach to decision making and judgements.
  • Operating with confidence in an environment of uncertainty, complexity and rapid change.
  • Strong communication skills.
  • Experience gained with a regulatory body in a supervisory or similar role.
  • Experience of managing a team of direct reports of varying levels of experience and seniority.
  • Understanding the business models of and risks specific to asset managers.
  • A passion for public service.
Additional Information

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.

The job family for this role is REG D and applications close Monday 19th March 2018.

Selection process

Stage 1: On-line application, please submit your CV and answer to the following application question:

Why do you believe that you are suitable for this role? Please ensure that you specifically relate your answer to the criteria listed in the job advert, covering your relevant skills, technical knowledge and competencies. (Max 300 words)

Stage 2: Screening - your application will then be forwarded to the recruiting managers

Stage 3: Selection & assessment process (could be subject to change)

Stage 2: Technical and competency based interview

Stage 3: 2 hour Penna Manager Assessment.

Stage 4: Final interview as required.

If you have any further questions please contact Shazna Chowdhury

This role will be based in London, Canary Wharf, with a planned move in 2018 to a new site in The International Quarter, Stratford.

This job was originally posted as

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