Lead Credit Rating Agency Supervisor

Requirements of the role

About the FCA

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.

We are looking for someone to join the Credit Rating Agency (CRA) team in the Capital Markets Department within the Supervision, Policy and Competition Division. SPC has a vital role to play in enabling the FCA to act early and decisively when market issues appear on the horizon, in making smart policy proposals and in delivering the FCA’s mandate to promote effective competition.

The CRA team is responsible for the supervision of UK regulated credit rating agencies and the policy making for this portfolio. 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 also its consumer protection objective. We supervise CRAs according to the UK Credit Rating Agency Regulation and in line with the FCA Approach to Supervision.

What will you be doing?

As a senior member of the team, you will help to shape and deliver the FCA’s supervisory strategy for credit rating agencies to mitigate or reduce harm to consumers and enhance market integrity.

The successful candidate will be able to:

• Contribute to shaping the strategy of the team and setting of the team’s objectives and priorities
• Lead the implementation of our strategy to deliver forward-looking supervision of UK regulated CRAs by incorporating findings from firm regulatory reporting, ratings data and general market intelligence and allocating and prioritising workstreams
• Lead and deliver complex and high-profile pieces of work by effective project management, stakeholder management and team collaboration
• Communicate in a compelling way, including leading engagement with internal and external stakeholders
• Build strong networks and work collaboratively with a variety of stakeholders, including internally and externally, in order to deliver on the FCA’s regulatory remit
• Share knowledge and expertise across the team, department and wider FCA, as well as mentoring and developing the skills of others to build and support individual capability

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