Job title: Wholesale Banking Associate (12-Month Secondment)
Division: Supervision, Policy & Competition
Department: Sell Side
Salary: National (Edinburgh and Leeds) ranging from £43,100 to £57,400 and London from £47,300 to £63,000 (salary offered will be based on skills and experience)
This role is graded as: Associate – Level 8 - Regulatory
Your recruitment contact is Tahir Khan via tahir.khan1@fca.org.uk. Applications must be submitted through our online portal. Applications sent via social media or email will not be accepted.
Please note that an application question is required as part of the recruitment process. Applications submitted without a completed response will not be considered.
“The Wholesale Banks Associate role requires strong analytical skills, sound judgement, effective stakeholder engagement, and the ability to contribute to high‑quality supervisory work. Please explain why you believe your skills, experience, and approach make you well‑suited to this role. In your answer, outline the specific strengths you would bring to the team and how you would add value during the 12‑month secondment.”
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). The Sell-Side Directorate oversees wholesale banks, intermediaries, market infrastructure and exchanges, ensuring fair, transparent and resilient wholesale markets that support the effective functioning of the UK’s financial system.
As an Associate, you will support the FCA’s supervision of some of the world’s largest and most complex wholesale banks. You will work within a dynamic team with significant experience in designing and delivering supervisory programmes. The role offers exposure to senior industry stakeholders, collaboration with colleagues across the FCA, and the chance to contribute to work of substantial regulatory importance.
Role responsibilities:
Support the design and delivery of supervisory work programmes, contributing to high‑quality analysis and execution, in a timely manner
Exercise sound judgement to support timely supervisory interventions that promote good outcomes and maintain market integrity
Contribute to risk‑based decision making and ensure efficient use of resources
Build collaborative relationships with external stakeholders and internal partners to support the implementation of supervisory strategies
Work closely with team members and managers to help advance the Department’s strategy and priorities
Participate in wider team and/or department work as required
Skills required:
Minimum:
Demonstrated experience in supporting projects and contributing to team outputs
Prior experience of managing large caseloads
Demonstrable experience in engaging with and building relationships with stakeholders
Essential:
Ability to make evidence‑based, outcomes‑focused judgements
Ability to understand business models and identify risks
Clear and effective communicator across diverse audiences
Evidence of meaningful contribution to departmental or team objectives
Works well with others and takes an inclusive approach to work
A clear sense of accountability - you take responsibility for your work
Effectively manage priorities which may change at short notice
Benefits:
25 days annual leave plus bank holidays
Hybrid model where employees work a minimum of 40% in the office each month (expectation of 50% for senior leaders). Changing from September to a minimum of 50% in the office each month (expectation of 60% for Directors and Executive Directors)
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’s 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
Please note that an application question is required as part of the recruitment process. Applications submitted without a completed response will not be considered
Job advert close: Tuesday 31st March at 23:59pm
CV Review/Shortlist: 7th April
First Interview: w/c 13th April
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.