Fraud Supervision Associate

Fraud Supervision Associate

Division – Specialist Directorate

Salary - National (Edinburgh and Leeds) ranging from £43,100 - £50,800 and London ranging from £47,300 – £55,000 per annum (Salary offered will be based on skills and experience)

About The Fca

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 Fraud team has been set up to develop and deliver the FCA’s approach to reviewing firms’ antifraud systems and controls.  The focus of this work is ensuring that regulated firms’ are taking adequate steps to protect their customers from being victims of fraud and they are not being used by fraudsters.  The team is developing and implementing approaches to supervising what firms are doing to tackle fraud. 

We are looking for an Associate with strong critical thinking skills, with the ability to review firms and make sound, evidence-based decisions in relation to the adequacy of their controls. You will be a strong communicator, both verbally and written, and able to engage with stakeholders at all levels.     

What will you be doing?

• Support reviews of firms’ antifraud systems and controls.  Critically assessing and evaluating their controls, undertaking detailed testing, leading meetings and interviews with firms.  Exercising strong judgement of firms controls against relevant policies, rules and guidance.  Considering and proposing use of regulatory tools to reduce and mitigate risk of harms   
• Draft clear and concise correspondence to firms, internal stakeholders and external stakeholders including other regulators and law enforcement agencies 
• Support peer comparison and analysis of the maturity of firms’ anti-fraud systems and controls in relation to other firms in the sector and the wider market
• Work closely and effectively with colleagues across the division and other key internal and external stakeholders to provide a joined-up approach to antifraud supervision.  Supporting the attendance at meetings with stakeholders
• Build and maintain good relationships with internal and external stakeholders 
• Collaborating inclusively, contributing to an environment where all opinions are listened to and respected and engaging with the FCA Diversity and Inclusion agenda

What will you get from the role?

• This work plays a vital role in minimising the extent to which customers of regulated firms are victims of fraud and that firms are used for a purpose connected with fraud   
• Gaining a broadened and holistic understanding of fraud and the financial services industry through partnership with a variety of teams across the FCA and external organisations 
• You will be able to develop your knowledge of fraud, financial crime, and other financial services sectors in a dynamic and exciting environment   
• You will have the opportunity to work with and influence a wide range of industry professionals, both internally and externally to the FCA
• The role will encourage you to think out-of-the-box and propose innovative solutions
• Contribute to the development of a comprehensive plan on the FCA supervisory approach to assessing firms’ anti-fraud systems and controls, including understand how to better utilise fraud data and intelligence available from internal/external sources

Which skills are required?

We are a Disability Confident Employer; therefore, disabled people or individuals with long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. (To learn more about the Disability Confident Scheme Click Here)

Minimum

• Prior experience with Fraud
• Prior experience of using data and evidence-based judgements to make recommendations 
• Prior experience engaging with stakeholders internally and externally both verbally and in writing

Essential

• You will be required to be security cleared. This requires two years of UK address history and further checks
• Ability to prioritise your workload, managing your time effectively and using sound judgement to achieve results in a high-pressure environment 
• Ability to influence constructively and deal with challenge
• Good verbal communication skills, ability to deliver impactful messages to stakeholders 
• Ability to work on your own, use sound judgement and escalate issues appropriately 
• A curious and inquisitive mindset, and a drive to deliver in the public interest 
• Inclusive approach – respects the diversity of cultural, social and academic backgrounds found in the organisation and able to adapt personal style to effectively engage individuals from a wide-range of backgrounds 
• Strong written communication skills

Our Values & Diversity

We are proud to be an inclusive employer and our ambition is to cultivate a culture for all employees that respects their individual strengths, views, and experiences. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation.

Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.

Did you know? 50% of our Executive Committee were the first in their family to attend university.

Benefits of working at the FCA

• 25 days holiday per year plus bank holidays
• Hybrid working (work from home up to 60% of your time)
• Private healthcare with Bupa  
• A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach age 35)  
• Life assurance of eight times your basic salary  

• Income Protection

We also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle.

We welcome applications from candidates who are looking for flexible arrangements.  Many of our staff work flexibly including working part-time, staggered hours, and job shares.  We can’t promise to give you exactly what you want but we can explore what might work best for both sides.

Follow this link to see what life is like at the FCA - Life at the FCA

Application Support

We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible.

If you have an accessibility need, disability, or condition requiring changes to the recruitment process, please contact your recruiter using the details below and they will be happy to discuss this further with you.

Useful Information and Timeline

• Security clearance would be required for this role
• This role is graded as Associate
• Advert Closing Date: Midnight on 2nd October
• CV Review/Shortlist: 3rd-5th October
• Competency Based Interview: Week commencing 13th of October

Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time. 

Got A Question?

If you are interested in learning more about the role, please contact: 

Riley Fox at Riley.fox@fca.org.uk

Applications must be submitted through our online portal. Applications sent via email will not be accepted.