Risk Framework Specialist

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 Risk and Compliance Oversight Division (R&CO) performs the second line of defence function in the FCA. R&CO help the FCA identify, assess, and report risks that threaten the FCA’s ability to deliver its statutory objectives.

The division is responsible for:

Defining and owning the FCA Risk Management Framework

Providing ongoing guidance and oversight of risk management across the FCA. Enterprise-wide risk analysis and reporting

Delivery of Regulatory Investigations and Assurance

Compliance Oversight and Complaints

We are recruiting for a talented individual to work in our Risk Framework Team.

The Risk Framework team are responsible for establishing and maintaining the design and implementation of the Risk Management Framework and supporting infrastructure.

This includes working with key colleagues across the R&CO, such as Risk Advisory, to explain the FCA Risk Management Framework and its key components, for example Risk Taxonomies, Risk Tolerance statements, Policies, Standards (Controls) and how these apply to a situation.

The team also helps the business fulfil their responsibilities for delivering their objectives and priorities by using effective risk management tools and techniques, such the FCA risk and audit system and for facilitating structured risk workshops.

This is a high-profile role which requires a mix of delivery focus, business engagement and technical risk skills.

What will you be doing?

Supporting the development, maintenance, and application (where relevant) of FCA’s Risk Management Framework (RMF) and the tools and processes that underpin it, including the Risk and Control Self Assessment (RCSA).

Helping the business use the Risk Management Framework to identify and understand risks (including the strength of the control environment) and to put in place appropriate mitigation

Actively promoting a culture of risk management through advice and training, including advice on the delivery of operational and behavioural change

Providing technical support on the FCA’s Risk and Audit System to colleagues in Risk and Compliance

Providing analysis and insight to colleagues in R&CO and the wider organisation

Working with colleagues in Risk and Compliance Oversight, Risk Advisory, and the wider organisation to ensure the RMF and supporting infrastructure are appropriated communicated, understood and embedded in day-to-day business processes

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