Divisional Risk Advisor

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 Authorisations Division ensures the firms and individuals who apply to us to be authorised or approved understand how we test they will comply with our regulation. We use authorisation to help deliver our public offer, and as a tool to protect consumers from the harm that can be caused by bad conduct in the financial services industry. The division is also home to 2 of our most important external services – our Supervision Hub and the Financial Services Register.

The Register and Authorisations Services (RA&S) department is currently at the forefront of two FCA priorities, seeking to strengthen our operational and regulatory excellence: enhancing the application journey with new forms at the gateway and improving our Financial Services Register products.

This role sits with the Operational Excellence team, our activities include Quality Assurance (QA), MI & Analytics, Business Improvement, Process Governance, Risk and Workforce Planning. We are a friendly and highly motivated team, passionate about the work that we do.

What will you be doing?

Accountable for the effective management of the division’s operational risk framework, including management of all own risks and cross-cutting Risks of Har

Support divisional approach to compliance and controls, including FOIA request, QA, Audit response, and records management

Contribute to process, learning and systems improvement initiative through our close the circle framework

Own and manage the ‘Own Risk’ process including running the 1LOD group, reviewing all meeting materials and providing feedback and comments to 1LOD (First Line of Defence)

Support and provide reporting for the division on Risk Events: Near Misses, Emerging Risk and Risk Acceptance

Lead on providing central oversight and assurance to the Authorisation Senior Leadership team on progress being made in response to assurance reviews and the associated/findings risks identified, complete the Risk and Control Self-Assessment (RCSA) for the division

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