Senior Associate – Financial Crime Market Intervention-1

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 Financial Crime Market Intervention Department provides the dedicated specialist resource and expertise to help the FCA meet its financial crime responsibilities, as contained in the FCA’s wider objective on integrity and in its specific freestanding duty on financial crime.

The department is comprised of four Financial Crime Specialist Supervision teams, a Sanctions Supervisory Team, a Risk, Data & Strategy Team and a Financial Crime Strategy & Delivery Team. Working together with others inside and outside the FCA, we deal with issues involving money laundering, financial sanctions and bribery and corruption.

This role sits in the Financial Crime Market Intervention Department’s Sanctions Supervision team. The team focuses on the effectiveness of firms’ systems and controls relating to compliance with sanctions. This is done through a range of supervisory work including assessments, visits, and interventions of regulated firms and well as policy development and external engagement. We work closely with front line supervision and external partners to assess firms’ compliance with relevant rules, laws and guidance.

What will you be doing?

As a Senior supervisor, you will be responsible for helping to deliver our proactive supervisory assessment programme and portfolio of reactive casework, relating to predominantly sanctions and some wider financial crime issues. You will contribute to the development of our policies and guidance relating to sanctions compliance and our engagement work with industry and external partners on sanctions matters.

These activities ensure that we deliver the objectives of the department to ensure that UK regulated firms are not used to further sanctions evasion. You will manage your own personal case and project workload and be involved in the relationship-management of major firms. You will be expected to make appropriate judgements on regulatory actions following proactive or reactive assessments and policy development. You will work with a variety of internal and external stakeholders to ensure that they are kept informed and engaged as appropriate. You will report to a Financial Crime Market Intervention Department Manager.

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