Senior Firm Supervisor – Retail Banking, Portfolio Firm Supervision team

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 Retail Banking division works alongside an extensive network of internal and external stakeholders to help drive our FCA objectives and priorities with a wide variety of banks. The teams across the division work collaboratively on policy and projects, including sector wide cross cutting themes such as the Cost-of-Living Crisis, Consumer Duty, Access to Cash, Savings Market review, the Provision of Banking Services and more.

The Portfolio 2 Supervision team is responsible for supervising a portfolio of banks, which includes challenger, foreign and digital banks.

What will you be doing?

Engaging with the senior management of firms and influencing them to deliver better customer outcomes, including discussions regarding the culture, business model, governance and systems and controls within their firms

Analysing firms’ business models and strategies and identifying the key risks of harm, dealing with complex problems, and finding solutions

Contributing to the development, implementation and oversight of effective, assertive supervisory strategies to address key risks of harm and recommend supervisory interventions where appropriate

Using data to identify trends, outliers and provide insights to support the Divisions work and working on event-driven (reactive) work in response to firm issues and industry developments

Forming sound judgement on a variety of regulatory topics and communicating this clearly and succinctly to internal and external stakeholders

Working collaboratively and building strong relationships with stakeholders across the Directorate, the wider FCA and key external stakeholders such as the Prudential Regulation Authority and trade bodies

Contributing to the wider Department and Division, including making recommendations for continuous improvement of our processes, supporting colleagues and identification of sector-wide risks and issues

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