Lead Supervisor (Fraud Specialist)

Requirements of the role

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). Sitting in the Specialist Directorate, the Financial Crime Market Intervention (FCMI) department provides the FCA with specialist financial crime expertise to support its strategic objective by helping to minimise the risk of regulated businesses being used for purposes connected with financial crime.

We are looking for a lead associate for the specialist fraud team in FCMI. This team conducts supervisory activity to ensure that firms are taking adequate steps to protect their customers from being victims of fraud and are not, themselves, being used by fraudsters.

The work includes undertaking supervisory assessments programme of firms’ systems and controls relating to fraud, supporting internal stakeholders on emerging fraud issues and engaging and aligning supervisory activity with the work of a range of external government and industry stakeholders.

Role responsibilities:

• Manage a portfolio of complex supervisory cases and projects while building relationships with firms for timely, high-quality outcomes
• Identify and engage with firms to lead agile reviews of their anti-fraud systems and controls, using data and intelligence to conduct risk-based assessments, visits, and interventions
• Work closely with front-line supervision to critically assess firms’ anti-fraud systems and controls, exercising sound judgement and challenging firms, where necessary
• Manage engagement with internal and external stakeholders to keep them informed and aligned, ensuring transparency and collaboration
• Overseeing the work of team members to ensure timely progress is made to achieve our supervisory outcomes
• Supporting the Manager to plan, prioritise and allocate work across the team, developing and coaching the team to support their development, including deputising for the Manager during periods of absence

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