Senior Risk Professional - Financial Resilience

Financial Conduct Authority; London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading regulatory body in the UK is seeking a Senior Risk Professional to enhance financial resilience across various firms. The role involves assessing risks, managing reviews, and engaging with stakeholders to ensure compliance with regulatory standards. This position offers opportunities for professional development and the chance to influence market integrity.

Benefits

25 days holiday plus bank holidays

Hybrid working

Private healthcare with Bupa

Non-contributory Pension

Life assurance

Income protection

Qualifications

• Experience in assessing and mitigating risks in financial services.
• Familiarity with prudential regulation and stress testing.

Responsibilities

• Lead financial resilience assessments for firms.
• Manage multi-firm review projects to identify emerging risks.
• Engage with stakeholders to communicate findings.

Skills

Risk Management

Analytical Skills

Teamwork

Judgement

Education

CFA

FRM

ACA

Job description

Senior Risk Professional – Financial Resilience Department

Division: Specialist Directorate

About the FCA:

The FCA regulates the conduct of 42,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more about the FCA .

We are seeking an experienced risk professional to join the Financial Resilience Department (FRD) at the FCA. FRD’s mission is to use its expertise to support the FCA in minimising potential harms to consumers and markets arising from weaknesses in firms’ financial resilience. Its work spans all firms prudentially regulated by the FCA.The FCA prudentially supervises around 41000 firms.

The core areas of FRD’s work include:

• Assessing the business models, inherent risks, and potential harms across sectors and complex firms, while establishing and analysing their approach to Financial Resilience, Governance, and Risk Management

• Applying the rules and guidance within the FCA handbook and other regulatory regimes such as the Capital Requirements Regulation

• Assessing risk and considering how a firm's internal or external risk factors may change over time

• Assessing actual and potential harm and considering the impacts of this on customers and markets

• Taking action where required to prevent harms from arising

• Developing, implementing and maintaining prudential rules for the firms that the FCA prudentially regulates

• Enhancing our data-led approach to systematically triage FCA solo regulated firms based on financial resilience and identify emerging risk at an early stage

• Conducting in-depth assessments of selected firms and portfolios to support Supervision in determining whether firms hold adequate financial resources in relation to the risks they face.

What will you be doing?

As a Senior Risk Professional, you will:

• Lead financial resilience assessments of firms, including SREP (Supervisory review and evaluation process) reviews, across diverse business models both in the wholesale and retail financial services sectors. This includes review of Internal Capital Adequacy and Risk Assessment (ICARA) of large investment firms

• Manage multi-firm review projects to identify and address emerging risks flagged through ongoing supervisory work

• Contribute to the FCA’s response to firm-specific or market-wide crises, supporting swift and effective regulatory action

• Engage with senior internal and external stakeholders to communicate key findings and insights from prudential assessments

• Evaluate and apply appropriate regulatory tools to ensure firms maintain adequate standards of financial resilience

• Demonstrate sound judgement, effective stakeholder engagement, timely delivery, and strong self-management, in alignment with FCA values

What will you get from the role?

• A unique opportunity to gain deep understanding of the financial services sector

• Be at the forefront of shaping regulatory responses to emerging risks and market changes, helping to safeguard consumers and maintain market integrity

• Develop a broad and strategic view of the financial service industry, while also having the opportunity to influence its competitiveness and resilience

• Regular engagement with senior internal and external stakeholders

• A wide range of professional development opportunities—whether through hands-on crisis response work, exposure to diverse business models, or working with experienced colleagues across the FCA

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 in identifying, assessing, quantifying, and mitigating risks within a financial services environment, or a relevant professional qualification such as CFA, FRM, or ACA

• Strong understanding of the FCA’s and/or PRA’s approach to prudential regulation, including familiarity with different prudential regimes

• Previous practical experience in designing or conducting stress testing within a financial institution, including interpreting results to inform decision-making

Essential

• Reviewing complex risk management frameworks and prudential issues with sound judgement and analytical rigour

• Leading the identification and remediation of prudential risks to reduce potential harm to consumers and markets

• Demonstrating strong teamwork and an inclusive approach, with the ability to influence and align others towards shared departmental goals

• Providing coaching and mentoring on technical and professional matters to support the development of colleagues

• Presenting complex issues and critical judgements confidently to senior internal and external stakeholders

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

• This role is graded as Senior Associate – Regulatory

• Advert Closing Date: 1 June 2025 at 23:59pm

• CV Review/Shortlist: By 6 June 2025

• First round assessment: By 13 June 2025

• Case study and competency-based interview: By 27 June 2025

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 Sartaj Deol at [e-mail]

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