Head of Department, Resolution Strategy, Operations and CASS (ReSOC)
About the FCA
At the FCA, we’re creating a fair and more resilient financial system. We’re establishing more transparent relationships between financial services and customers, building trust in financial markets and protecting vulnerable consumers.
We’re currently on an exciting journey as we drive forward significant organisational, people, process, and technology transformation to become a more forward-thinking, proactive regulator. We will use data more effectively to drive better regulatory decisions and build greater cohesion across our broad financial services remit.
Significant improvements in digital enablement, business intelligence, market data and information management maturity are all being pursued to maintain our position as a world leader in financial services regulation.
In March 2025, the FCA launched a new 5-year strategy to deepen trust, rebalance risk, support growth and improve lives. The FCA will focus on four priorities:
Be a smarter regulator; predictable, purposeful and proportionate. The FCA will improve its processes and embrace technology to become more efficient and effective.
Support sustained economic growth, by enabling investment, innovation and ensuring the continued competitiveness of the UK’s world-leading financial services.
Help consumers navigate their financial lives by working with industry to boost trust, product innovation and ensuring the right information and support is available for people to take financial decisions.
Fight financial crime, focusing on those who seek to use the fact they are regulated to do harm. It will go further to disrupt criminals and support firms to be an effective line of defence.
The Role
An exciting opportunity has arisen to take on the role of Head of Resolution Strategy, Operations and CASS (ReSOC).
ReSOC sits within the Specialist Directorate and leads the FCA’s work to mitigate the risk of consumer harm arising from inadequate client assets arrangements across FCA-regulated firms. The department is responsible for strengthening the regulatory framework for CASS and resolution, supervising firms with CASS permissions, and providing operational insight and data-led analysis to identify emerging risks.
ReSOC supervises firms across 26 portfolios, which collectively hold approximately £200bn in client money and £19tn in client assets. The department works closely with Supervision and other Specialist teams as well as external stakeholders.
What will the candidate get from the role?
Joining the Senior Leadership Team at the FCA during an exciting and challenging time of great change in financial services and its regulation
Leading a department of talented and committed people through significant projects whilst also delivering on business-as-usual objectives
Exposure to strategic issues and key players in the world of finance, both nationally and internationally
Key responsibilities:
Lead and inspire a high-performing, multidisciplinary department responsible for CASS strategy, operations and supervision, ensuring risks to client assets and consumers are effectively identified and mitigated.
Provide strategic and technical leadership on CASS and client assets issues, including ownership of the CASS Sourcebook and authoritative advice on its application for supervising firms subject to CASS.
Lead the FCA’s work to strengthen the regulatory and legislative framework relating to client assets and resolution, including delivery of key strategic initiatives.
Oversee the department’s operational risk identification function, ensuring high-quality analysis of CMAR data, CASS audits, breach notifications and other intelligence.
Drive implementation of the department’s delivery plan, including ongoing operational and supervisory improvements.
Lead on performance, capability and culture, ensuring the department has the skills, capacity and leadership required to deliver its objectives.
Deliver outcomes through others by building strong relationships and using effective coaching, influencing and negotiation skills.
Maintain strong cross-FCA and external stakeholder relationships to support crisis preparedness and firm failure outcomes.
Skills/Experience Required
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. (To learn more about the Disability Confident Scheme Click Here)
Minimum
Significant experience of managing and influencing key stakeholders, including senior decision makers internally and externally.
In-depth experience of client assets arrangements or demonstrating a keen desire to deepen existing experience.
Significant experience in leading teams through fast paced, difficult and complex situations and good judgement under pressure.
Strong ability to build and deepen relationships across a wide ranging internal and external landscape.
Essential
Strong communication skills, both written and oral (ability to convey complex issues in a coherent, logical, and compelling way, including communicating technical or legal issues to non-specialist audiences).
Exceptionally strong judgement, supported by highly developed analytical skills and high levels of diligence; can demonstrate making challenging, risk-based decisions in a complex and changing regulatory landscape.
An ability to get up to speed on new issues quickly and innovative thinking for how to deal with new complex problems most effectively.
Experience of role modelling strong leadership behaviours in line with organisational values.
The ability to inclusively lead a group of talented individuals with a wide variety of professional expertise, experience, and backgrounds.
An open and flexible management style and the ability to communicate effectively with a wide-ranging audience with different skills and perspectives.
The job holder will be required to obtain Developed Vetting (DV) security clearance.
The FCA’s Values & Diversity
Our ambition is to create a diverse and inclusive workplace that reflects the society we serve, helping us to be a better regulator. We serve the public and our decisions directly affect the wellbeing of people, businesses and the UK economy. So, our values matter. They represent the culture we aspire to every day, guiding our judgements, building trust and helping us to be ‘At our best’.
The FCA is committed to achieving greater diversity across all levels of our organisation. Given this, we particularly welcome applications from women, disabled, and minority ethnic candidates, as under-represented groups.
As an inclusive employer, we are open to considering flexible working arrangements, including job shares. Please inform your recruiter if you wish to apply for this role on a flexible basis.
As part of the FCA’s on-going commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds or London offices. This means that as part of the application process you will be able to select your preference of which office location you would like to work from.
Application Support
We want to remove any possible barriers and are committed to providing a wide range of reasonable adjustments so that you can keep the focus on your conversations and be at your best.
If you have an accessibility requirement, disability, or condition that means you might require changes to the recruitment process, please contact your recruiter to discuss this further. Our aim is to make you application as easy as possible, and your recruiter will be happy to work with you to make any necessary arrangements where possible.
Benefits
Our competitive benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle. You can this this allowance to purchase additional benefits such as dental or cycle to work, or you have the option to top up your base salary by taking this as cash.
Core benefits that you will receive as standard are:
30 days holiday per year plus bank holidays
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
Conflicts of interest
All applicants to the FCA are required to demonstrate that they do not have other interests likely to conflict with their responsibilities as an employee of the FCA. You should declare any potential conflict of interest as early as possible in the selection process, and also disclose information or personal connections that, if appointed, might be open to misperception.
Any potential conflicts of interest will not prevent candidates going forward to interview but may, if appropriate, be explored during the interview to establish how the candidate would address the issue(s) should they be successful in their application.
Useful information
The closing date for this role is 23:55 on 31st May.
Selection will be via a two-stage interview and psychometric assessment
If successful, you will be required to obtain and retain SC Clearance.
We currently operate a hybrid working model, working a minimum of 40% in the office each month (50% for senior leaders). This way of working applies in our Stratford, Leeds and Edinburgh offices. From September 2026, FCA employees will be required to spend a minimum of 50% of their working time in the office. Our Executive Director and Directors will be expected to be in a minimum of 60% per month.
The salary range for the role is between £135,000 and £170,000 for London, and £121,500 and £153,000 nationally.
To apply please submit your CV and cover letter.
The FCA has retained Odgers to advise on this appointment.
To apply please submit your CV and cover letter using this link - www.odgers.com/95998
For a conversation in confidence, please contact: Anne Murphy Anne.murphy@odgers.com or Hannah Wade hannah.wade@odgers.com
If you are unable to apply online please email: Gabrielle.newton@odgers.com