Head of Department, Financial Resilience

Financial Conduct Authority

Regulating financial services firms and financial markets in the UK, https://www.fca.org.uk/careers


Requirements of the role

The FCA is believed to be the largest prudential regulator by number of firms in Europe. This includes a large number of investment and trading firms active in wholesale markets. Financial resilience is at the heart of FCA’s priorities, and FRD  is responsible for the thought leadership and implementation of the organisation’s financial resilience strategy.

 

FRD is a department of around 45 specialists who play an important role in delivering, and supporting others to deliver, this strategy. FRD does this through:

  • Delivering cross firm assessments and providing expert assessment/support on priority issues
  • Delivering a financial resilience assurance programme for firms that we prudentially regulate
  • Using a data led approach to rank the financial resilience of over 40,000 firms
  • Supporting and providing our experience in crisis response
  • Being data owner for all prudential data related to solo regulated firms

 

It is important to ensure that we are prepared for economic uncertainties, as well as furthering our strategy to embed financial resilience in the wider organisation.

 

FRD sits within the wider Specialist Directorate (SD), the FRD HoD reports to the Director of SD (Emad Aladhal) and plays an important role in the strategy and leadership of the directorate. In addition to FRD, the SD includes specialist departments leading on Financial Crime, Client Assets, Resolution & Insolvency, and Technology, Resilience & Cyber. Specialists work with colleagues from across the FCA, and external partners, to bring their expertise to the supervision of the entire FCA regulated firm population. SD forms part of the Supervision, Policy & Competition (SPC) division of the FCA.

 

Key responsibilities:

  • Creating and promoting an open, diverse and inclusive culture in the department. Ensuring you and the FRD leadership team role model the FCA’s values.
  • Leading the delivery of thought leadership on the organisation’s financial resilience strategy, and contributing to the FCA public commitments, including the priority reducing harm in firm failure
  • Devising and delivering the department’s annual business plan in an effective and efficient way. Ensuring adequate operational MI and success measures are in place.
  • Leading the department so it has the resources and capabilities to deliver its business plan commitments as well as meeting its budget and target operating model.
  • Play an active role in the wider SD, SPC and FCA strategy and leadership.
  • Ensure the quality of the department’s work
  • Foster good senior stakeholder engagement, both externally and internally. Helping to ensure our financial resilience expectations and priorities are well understood by industry

 

What will the candidate get from the role?

 

This is a broad role where will get exposure across all sectors as well as working with authorisations, supervision, policy, economics, competition and enforcement.

 

This is also a large leadership role that will lead a team of c.45 specialists as well as needing to influence and deliver collaboratively across the FCA senior leadership team.

 

You will also play a key role in the continued transformation of the FCA, in particular in the ambition to boost its prudential capabilities, take assertive supervisory action and be data led

 

Skills/Experience required

 

Minimum

  • Experience of leading teams and organisational priorities
  • Experience of prudential and regulatory frameworks
  • Role model strong leadership behaviours in line with the FCA values and capabilities.

 

Essential

  • Experience of creating and promoting an open, diverse and inclusive culture
  • A strong and creative leader and manager, with the ability to motivate and lead a large team across a broad portfolio to deliver measurable outcomes
  • Stakeholder management skills with the ability to negotiate with and influence senior people within the FCA and externally
  • Ability to deal with a wide range of issues and manage competing priorities effectively
  • Experience of preparing and delivering complex, strategic written communications and deliver sensitive messages in line with the FCA tone, e.g. in meeting, written reports, presentations and letters
  • Strong analytical skills and the ability to balance creative challenge and pragmatism; has the imagination to envisage alternative ways of working which will lead to added value output

 

Desirable

  • A thorough understanding of the FCA’s prudential regime and processes
  • Specific business model knowledge of one or several sectors the FCA


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 Location

Edinburgh, Leeds, London

 Contract type

Full time, Permanent

 Profession

Finance, Head of


 Working pattern

Flexible working, Hybrid

 Closing Date

21/04/2024