Lead Critical Third-Party Professional – CPT Oversight Team

Requirements of the role

We have an exciting opportunity for a number of Lead Associates to join the CTP Oversight team within the Technology, Resilience and Cyber department (TRC) at the FCA.

Under FSMA 2023, the FCA will be taking on joint responsibility with PRA and the Bank of England for overseeing the operational resilience of CTPs. This is a high-profile area of work that is central to the FCA’s strategic commitment to minimise the impact of operational disruptions on the financial services industry.

As a Lead Associate, you will play a role in shaping our Oversight approach for the CTPs that HMT designate, and then take forward our oversight of these third parties.

What you will be doing

• Work with a blended team of FCA supervisors and operational resilience specialists in developing the regulators’ joint oversight approach to Critical Third Parties and the services they provide to the FS sector
• Get involved in the preparation and take ownership the department’s engagements with a range of stakeholders, including across HM Treasury, the Bank of England, PRA and National Cyber Security Centre, as well as international stakeholders
• Work on the FCA’s oversight of Critical Third Parties’ (CTPs) by assessing their compliance with the proposed rules and expectations on their operational resilience, to help minimise the systemic risk they pose to the UK Financial Sector. This includes setting the annual Oversight strategy for CTPs, preparing briefings/agendas for CTP meetings and drafting internal papers/briefings for internal stakeholders
• Lead and contribute to meetings with managers (e.g. CISOs, CIOs and COOs) from CTPs on the resilience of their services

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