Senior Risk Portfolio Associate

Financial Conduct Authority; City of Edinburgh; Hybrid; GBP 54,000 - 69,000; Full time

Benefits offered by this job

25 days annual leave

Office presence 50%+

Pension

Private healthcare

Volunteer days

Flexible benefits

Job summary

Financial Conduct Authority in the United Kingdom is seeking a Senior Risk Portfolio Associate to lead risk analysis across payments firms and digital assets, reporting to relevant committees and translating insights into clear actions for leadership.

You will work with sector risk leads across PDA/PSR, identify cross-cutting risks, and support governance with robust data analysis, stakeholder engagement, and concise written communications.

Qualifications

• Demonstrable expertise in risk analysis and good understanding of the payments landscape.
• Demonstrable experience of effective stakeholder management and building and sustaining strong, collaborative relationships, using clear and effective communication across multiple engagement channels.
• Demonstrable knowledge of UK financial services regulation.

Responsibilities

• You will be responsible for reporting into relevant committees, including cross-cutting committees, and will be expected to maintain a good understanding of the wider payments and digital assets risk landscape.
• You will bring together insights across portfolios to identify and prioritise risks, including cross-cutting ones, assess the impact of our risk mitigations and maintain a coherent view of risks and opportunities across PDA/PSR.
• You will have expertise in at least one of the payments, payment systems or digital assets sectors and work with sector risk leads across a wide and complex risk landscape.
• Together with the senior associates overseeing each sector, you will ensure risks are managed appropriately, with documented actions and controls in place, reported in accordance with governance.
• You will work with minimal supervision and present work persuasively to senior audiences, conducting analysis on a wide set of risks affecting the payments and digital assets portfolios.
• You will assess how regulatory interventions impact the market and prepare analyses that show risks and opportunities to prioritise.

Skills

Risk analysis

Stakeholder management

UK financial services regulation

Job description

Job title: Senior Risk Portfolio Associate

Division: Supervision, Policy & Competition

• Salary: National (Edinburgh and Leeds) ranging from £53,800 to £62,000 and London £59,200 to £69,000 (salary offered will be based on skills and experience)
• This role is graded as: Senior Associate - Regulatory
• Your Internal recruitment contact is Louis Van Den Burg via [e-mail].
• Your external recruitment contact is Tahir Khan via [e-mail]. Applications must be submitted through our online portal. Applications sent via social media or email will not be accepted.

About The FCA And Team

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.

SPC oversees firms and individuals (supervision), creates and reviews the rules by which they operate (policy) and identifies and remedies ineffective competition in markets (competition).

Sitting within the Payments & Digital Assets directorate (PDA), the Cross-Cutting Delivery Department supports payments and digital finance to develop sector wide strategies and support supervision and policy making through effective risk management, governance, operational efficiency and collaborative partnership with stakeholders.

The Risk team within the Cross Cutting Delivery department is responsible for delivering the first line of defence of risk management for payments firms, digital assets and payment systems.

We have an exciting opportunity for an expert in risk management of payments firms (electronic money institutions/payments institutions) and/or cryptocurrency, tokenised assets, stable coin or other digital assets to join our team.

As the new Department is taking shape, we expect the successful applicant will be working with and supporting other teams within the department as we establish the various functions and ways of working.

Role Responsibilities

• You will be responsible for reporting into relevant committees, including cross-cutting committees, and will be expected to maintain a good understanding of the wider payments and digital assets risk landscape. You will be one of the main points of contact with the risk team, gather insights from across PDA and PSR that will feed into the team’s view of developments and priorities across sectors, and you will distil and presents insights to leadership teams
• Working with a wide range of stakeholders, you will bring together insights across portfolios to identify and prioritise risks, including cross-cutting ones, assess the impact of our risk mitigations and maintain a coherent view of risks and opportunities across PDA/PSR
• The ideal candidate will have expertise in at least one of the payments, payment systems or digital assets sectors. You will work closely with sector risk leads across a wide and complex risk landscape and will take responsibility for the management and identification of cross-cutting risks, monitoring and reporting activities in these areas
• Together with the senior associates overseeing each sector, you will ensure risks are managed appropriately, have documented actions and controls in place, and are reported in accordance with existing governance. You will work with a wide range of stakeholders, often in situations without direct authority
• You will be working with minimal supervision and presenting work in persuasive ways to senior audiences, conducting analysis on a wide set of risks affecting the payments and digital assets portfolios. You will be comfortable commissioning information, conducting your own research, synthesising large amounts of data, and presenting these in concise, compelling ways to a range of audiences
• You will be expected to assess how our regulatory interventions impact the market and prepare analyses that show which risks and opportunities should be prioritised. You will analyse data, possess solid data analysis skills, and draft concisely and persuasively

Minimum

Skills required:

• Demonstrable expertise in risk analysis and good understanding of the payments landscape
• Demonstrable experience of effective stakeholder management and building and sustaining strong, collaborative relationships, using clear and effective communication across multiple engagement channels
• Demonstrable knowledge of UK financial services regulation

Essential

• Ability to stay effective even when working in uncertainty, willing to learn and iterate to improve products
• Solid analytical skills to analyse large volumes of data and information and draw pertinent conclusions, through experience of using data analysis tools and AI capability
• Experience of developing and improving how risk is managed, including developing and implementing performance and impact assessment frameworks
• Experience working across teams and disciplines to deliver shared outcomes
• Demonstrable experience managing and engaging senior stakeholders, including at senior/executive level, both internally and externally, including by tailoring written messages to the audience
• Ability to work in a collaborative and inclusive ways that build support, balance priorities and contribute to wider organisational goals, while challenging appropriately
• Sound judgement underpinned by data, evidence and insight to inform decisions and actions
• A growth mindset, with curiosity to learn, ability to handle unexpected changes and readiness to take on new responsibilities and adjust to shifting priorities

Benefits

• 25 days annual leave plus bank holidays
• Colleagues spend a minimum of 50% of their working time in the office each month (60% for Directors and Executive Directors) across our London, Leeds and Edinburgh offices
• Non-contributory pension (8-12% depending on age) and life assurance at eight times your salary
• Private healthcare with Bupa, income protection, and 24/7 Employee Assistance
• 35 hours of paid volunteering annually
• A flexible benefits scheme designed around your lifestyle

For a full list of our benefits, and our recruitment process as a whole visit our benefits page.

Our Values & Culture

Our colleagues are the key to our success as a regulator. We are committed to fostering a diverse and inclusive culture: one that is free from discrimination and bias, celebrates difference, and supports colleagues to deliver at their best. 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.

If you require any adjustments due to a disability or condition, your recruiter is here to help - reach out for tailored support.

We welcome diverse working styles and aim to find flexible solutions that suit both the role and individual needs, including options like part-time and job sharing where applicable.

Disability Confident: Our Hiring Approach

We’re proud to be a Disability Confident Employer, and therefore, people or individuals with disabilities and long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. In cases of high application volumes, we may progress applicants whose experience most closely matches the role’s key requirements.

Useful Information and Timeline

• Job advert close: Sunday 25th October at 23:59pm
• CV Review/Shortlist: 27th – 29th October
• Interviews: 2nd – 6th November
• 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.