Credit Rating Agency Supervision Associate

Requirements of the role

We regulate financial services firms in the UK, to keep financial markets fair, thriving and effective. By joining us, you’ll play a key part in protecting consumers, driving economic growth, and shaping the future of UK finance services.

We are currently looking for a talented person to join the Credit Rating Agencies (CRA) Supervision team within the Capital Markets Department. The Capital Markets Department within the Supervision, Policy and Competition Division at the FCA is responsible for both credit rating agencies supervision and policy.

The CRA Supervision team is responsible for the supervision of UK regulated credit rating agencies. CRAs play a key role in providing an assessment of the creditworthiness of governments, corporates and other issuers of securities. Where they perform this role effectively, investors are well-informed on the risks of investing in these assets and hence, capital is more efficiently allocated. These outcomes contribute particularly to the FCA’s statutory objective for market integrity, and its consumer protection objective. We supervise CRAs according to the UK regulation and in line with the FCA Approach to Supervision.

Role responsibilities:

• As part of the CRA team, you will support the supervisory strategy by gathering and reviewing intelligence on individual credit rating agencies and credit ratings sector, driving engagement with firms with the view of influencing conduct behaviour
• You will assist on projects within the supervision strategy to mitigate or reduce harm to consumers and enhance market integrity
• You will be required to exercise expert judgement to reduce and mitigate risks of harm emanating from the credit ratings business model and strategy
• The role involves communicating effectively with internal stakeholders
• You will work with others in the Capital Markets Department, including Benchmarks Supervision to share knowledge, identify risk and issues, and collaborate on common supervisory processes

Minimum:

• Experience working in a regulatory and/or financial services sector, such as credit rating agency, commercial or investment bank, asset management, law firm or any other regulatory body
• Experience with gathering, summarizing and/or analysing large volumes of data and presenting your analytical findings

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