Payments Firms Supervisor

Financial Conduct Authority

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


Requirements of the role

The Payments and Digital Assets Directorate is recruiting for a talented individual to join us here at the FCA. We’re creating a fair and more resilient financial system across the Payments and Digital Assets landscape. We work across a fascinating, fast-moving sector and have a range of tools available to oversee firms and tackle risks.

 

The Market Interventions – Payments (MIP) Department is responsible for supervising over 1,300 innovative and fintech focused payments and e-money institutions in the UK. These firms provide a range of services from merchant acquiring to non-bank payment service providers for consumers, small medium enterprises (SME’s), and large corporates. The department supervises firms to identify and address regulatory concerns ranging from prudential weaknesses to lack of financial crime systems and controls. Operating in a fast-paced environment, the department co-ordinates with colleagues across the FCA, international regulators and law enforcement agencies to protect consumers and the wider financial services industry.

 

What you will be doing

  • Owning and managing a portfolio of supervision cases related to the Payments/E-money sector
  • Engaging with internal and external stakeholders to resolve cases in line with departmental processes and agreed SLAs
  • Forming judgements on supervisory issues within firms, with support and training from colleagues and seniors
  • Supporting colleagues on complex casework, helping deliver regulatory outcomes that can set precedent for future decisions
  • Participating in collaboration with law enforcement agencies and regulatory authorities both domestic and international, using FCA powers to reduce and prevent harm
  • Contributing to projects that help to facilitate BAU work, ranging from developing processes, frameworks, and strategies serving a range of operational and regulatory objectives


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 Location

Edinburgh, Leeds, London

 Contract type

Full time, Permanent

 Profession

Payments, Supervisor


 Working pattern

Flexible working, Hybrid

 Closing Date

19/06/2024