Senior Case Officer, Banking Authorisations

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 Banking Authorisations Team sits in our Authorisations Division and works closely with the Prudential Regulation Authority (PRA) in assessing whether potential new banks, both domestic and international, meet the standards to operate in the UK market.

It is an exciting time for the team as we continually adapt to new and varied banking business models, the increasing use of digital channels that introduce new and innovative customer offerings.

We are recruiting for two talented Senior Associates to lead the assessment of new bank authorisation applications from both domestic new entrants and overseas banks seeking to establish operations in the UK. You will work with your Lead Associate to develop a clear, risk conscious case assessment strategy for each of the applications you are responsible for. You will also be accountable for the delivery of either elements of the strategy or indeed the strategy in its entirety.

You will make use of sound project management disciplines to ensure that the transactions you are accountable for are progressed effectively, co-ordinating resource and prioritising/re-prioritising effectively where necessary.

What will you be doing?

• Responsible for contributing and supporting to the development of risk-based and outcome focussed strategies for the gateway assessment of new banks;
• Assessing a portfolio of applications from firms to identify the key risks of harm posed by the firms and their proposed business models, the governance and controls firms have in place to mitigate the risks of harm and making timely recommendations for decision on these applications;
• Demonstrate a deep understanding of banking and/or payments business models, keeping abreast of developments in the market impacting on the work of the team;
• You think strategically to ensure key risks/issues/project work are joined up;
• Communicating confidently and influencing senior stakeholders at applicant banks including delivering difficult messages in a composed and constructive manner;
• Participating and supporting projects that impact Authorisations and the FCA as a whole;

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