Associate - Asset Management Department

FCA Perm
06 Apr 2018
22 Apr 2018
Contract Type
Full Time
Associate - Asset Management Department Wholesale SupervisionThe salary range will be approximately 30,000 to 46,000 GBP plus a competitive benefits package and non-contributory pension.

BackgroundOur 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 investment fund managers including hedge funds and 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.

As we work towards achieving our organisational objectives, we are now recruiting for several Associates within the Asset Management Department of Supervision.

What does this job involve?The key responsibilities of the post holder will be:

  • Exploring, analysing and mitigating risks that could cause harm to the customers of firms in our sectors or to market integrity, through firm specific and cross firm work.
  • Building and maintaining positive working relationships with firms' senior management and driving forward proactive engagement that delivers the supervisory strategy.
  • Influencing, persuading and where appropriate, using formal powers in order to change firms' conduct behaviour to deliver better outcomes for their customers.
  • Collaborating and building strong working relationships with internal stakeholders who can support the delivery of effective supervision.
  • What will I get from the role?Working in the Asset Management Department, you will:

  • Benefit from a rare opportunity to understand and shape the supervision of the asset management sector at a time of considerable change.
  • Gain a unique aerial view of the financial services industry, with the ability to do meaningful work that makes a real difference.
  • Work with and influence a wide range of industry professionals, both internally and externally to the FCA.
  • As an Academy business we place great value on your learning and we offer world-class development opportunities which will assist you in achieving your career aspirations. Our Academy offers you a range of opportunities for personal and professional development, including our MSc in financial regulation, Advanced Managers programme, sponsored study and more.

    Which minimum, essential & desirable skills are required?MinimumWe'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.

    Working experience of ONE of the following:

    Experience of one of the following sectors: asset management, funds, custody, alternatives.

  • Experience of asset management, funds, custody or alternatives, gained either at a regulator, consultancy, government body, compliance, professional services firm or financial services organisation.
  • Experience of managing operations: regulatory systems, processes, management information, and governance.
  • Essential
  • Understanding of the financial services industry.
  • Analysing complex information: reaching robust, well-informed judgements and identifying and presenting relevant issues in a timely and professional manner.
  • Excellent communication skills both written and oral: ability to communicate key messages and explain complex issues in a clear and concise manner.
  • Teamwork and collaboration: ability to work effectively with others as part of a team in order to achieve desired outcomes.
  • Good time management skills.
  • Good judgement and the ability to know when to take action and when to escalate.
  • Organisational ability: ability to manage a variety of competing workstreams and issues and prioritise accordingly.
  • Internal & external stakeholder management: ability to build effective working relationships with key internal stakeholders and firms' senior management in order to support the delivery of supervisory objectives. Credibility and capability to influence others to achieve desired outcomes.
  • Willingness to learn and develop, taking on new responsibilities and adopting a flexible and pragmatic approach to your work.
  • Knowledge of the FCA's approach to conduct supervision: including an understanding of the challenges of conduct supervision.
  • Commercial awareness and business acumen.
  • Desirable
  • Experience gained with a regulatory body in a supervisory or similar role.
  • Understanding of the business models of and risks specific to asset managers.
  • A passion for public service.
  • Sound prudential knowledge and the ability to analyse firm's financial information.
  • An understanding of the FCA's approach to prudential supervision.
  • Additional InformationAs 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 these roles will be REG B and applications close at midnight on 22nd April 2018.

    Selection processStage 1: On-line application, please submit your CV and answer to the following application questions:

    What are the biggest challenges facing the asset management sector in the 2 years? (max 300 words)

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

    Stage 3: Technical case study and competency based interview.

    Stage 4: Final interview as required

    Subject to change

    For internal applications, please contact Joanna Copeman if you have any questions about the role.

    For external applications, please contact Shazna Chowdhury if you have any questions about the role.

    This role will be based in either the FCA's Edinburgh office or London.

    The London office in Canary Wharf has a planned move in 2018 to a new site in The International Quarter, Stratford

    This job was originally posted as

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