Cryptoasset and Payments Supervisor

Requirements of the role

The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA.

The Market Interventions – Digital Assets (MIDA) department is responsible for supervising registered Cryptoasset firms and certain Payment firms’ under the Money Laundering Regulations (MLRs) and Electronic Money Regulations (EMRs). 

Our firms operate diverse business models, including cryptoasset exchanges, custodian wallet providers and crypto lending. They also undertake other regulated activities, often in the payments/e-money space but in other areas too such as trading and asset management. We take a robust and assertive approach to supervision, to ensure standards and to prioritise where we see the most harm, including rapidly intervening where firms are at risk of being used as conduits for illegal activity, or pose harm to consumers or market integrity.

The Department also works closely with colleagues in our Authorisations teams, including providing support to Change in Control applications, and setting supervisory strategies for newly registered firms. Alongside this, we work closely with Policy colleagues to support development of the new regulatory regime and the team’s remit will change and broaden as the FCA assumes new regulatory responsibilities in relation to cryptoassets. We are seeking candidates with sound judgement and strong analytical, stakeholder management and communication skills.

What will you be doing?

The opportunity to work across different and often innovative business and operational models for firms operating in the cryptoasset and payments markets

Collaborating effectively and proactively with colleagues across the FCA, other regulators and law enforcement agencies both in the UK and internationally

Assessing regulated firms’ compliance against the relevant rules and requirements

Influencing senior industry figures to change how they operate if they are not meeting the rules and requirements and in the most severe cases taking regulatory action to stop firms operating their businesses

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