Senior Associate (Money Remitters)

Requirements of the role

We regulate financial services firms in the UK, to keep financial markets fair, thriving and effective. By joining us, you’ll play a key part in protecting consumers, driving economic growth, and shaping the future of UK finance services.

Sitting in the Payments & Digital Assets directorate, the money remitters department overseeing firms that provide essential domestic and cross‑border payment remittance services. These firms play a vital role in supporting the UK financial system and consumers who rely on them.

Role responsibilities

• Developing a solid understanding of money remittance business models, including domestic and cross-border payment flows, agent networks, and reliance on third parties
• Assessing risks to consumers and the integrity of the financial system, including financial crime, safeguarding, and operational risks.
• Leading or contributing to supervisory assessments, firm engagements, and investigations, assessing compliance with relevant regulatory requirements
• Using evidence and judgement to determine when firms are not meeting expectations and pressuring senior management to make changes, including escalation or regulatory action where necessary. Using evidence and judgement to determine when firms are not meeting expectations and pressuring senior management to make changes, including escalation or regulatory action where necessary.
• Working collaboratively with colleagues across the FCA and with external partners such as HMRC and law enforcement, sharing intelligence and contributing to joint activity.
• Managing multiple cases and pieces of work simultaneously, ensuring timely and high‑quality outcomes in a dynamic environment.
• Assessing how firms operate in practice, how their business models work and whether their systems and controls are effective

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