2022 Supervision, Policy & Competition Graduate Programme
Apply by: 17.12.2021
ABOUT THE PROGRAMME
Programme Length: Two years
Programme Type: Rotational
Bring your passion for problem solving and strategic thinking into the constantly evolving world of financial regulation.
Supervision, Policy & Competition (SPC) oversees every business providing financial products and services in the UK. The work of SPC is vital in protecting customers and the integrity of the market by ensuring firms work ethically and to the highest standards.
SPC is led by Sheldon Mills Executive Director for Consumer and Competition and Sarah Pritchard Executive Director for Markets. SPC is the largest division within the FCA and is responsible for:
- Monitoring the sectors by reviewing and assessing business models, providing guidance and planning future changes
- Delivering and integrating effective Policy insights into our competition and supervisory work - this helps to ensure markets function well and better enables us to identify and avoid consumer harm
- Engaging with firms to ensure interests of consumers and integrity of markets is at the heart of their business
- Exploring and analysing identified risks within firms through firm-specific and cross-firm work
- Supporting diversity and inclusion across the industry
- Ensuring firms behave appropriately when detriment arises
- Prudential supervision of all firms not regulated by the PRA
- Working with trade bodies, advisers and other third parties to help identify and communicate trends, and gauge the horizon of risks in the market
There are two routes within our SPC Graduate Programme; Generalist and Specialist:
Generalist – here you’ll have the opportunity to move around and develop a breadth of skills and experiences to help you progress your career. You’ll complete rotations across several of our SPC sub-divisions, which include:
- Central Support
- Competition and Economics
- Consumer Investments
- Consumer and Retail Policy
- Insurance and Conduct Specialists
- Markets and Wholesale Policy Supervision
- Retail Banking and Payments
- Retail Lending
Specialist – In our Specialist sub-division, you could see yourself working in either Cyber Resilience, Financial Resilience and Insolvency and Operational Resilience or Financial Crime and Controls. You’ll support the wider function of the FCA, work with firms across all sectors and develop a unique specialism within an area such as financial crime, cyber, safeguarding client assets, resolution or operational and financial resilience. You’ll provide direction and support to front-line supervisors, helping to reduce consumer harm. You’ll also go on an internal secondment to learn how other areas of the FCA operate.
LEARNING & DEVELOPMENT
As a graduate in Supervision, Policy & Competition, you’ll complete the training pathway through our training Academy, which will equip you with all the skills you need. You could also undertake a professional qualification such as a Cyber degree, CFA, ACCA or a diploma in Financial Crime.
WHAT WE LOOK FOR
Our staff have diverse backgrounds, and while no specific degree stands out as being essential for the Generalist stream, it would however be beneficial to have a degree in a quantitative subject. The Specialist stream is aimed at those with a STEM or Economics background. You’ll learn a lot on the job, so we don’t expect you to have a detailed regulatory knowledge, however, you should have an interest in governance. You’ll also need to be strategically minded, great at building strong relationships at all levels and be able to influence and persuade.
WHAT WE OFFER
We’re committed to making the FCA a great place to work. We do this by:
- providing a rewarding environment, recognising that our people are motivated by meaningful work
- maintaining a strong commitment to diversity and inclusion, allowing people to develop and progress without barriers
- looking after the well-being of our people, ensuring that they are safe and well and appropriately cared for promoting an environment in which people are valued and respected
Beyond this, we offer all our graduates a competitive range of benefits, including:
- Base salary of £34,000
- Flexible working options
- Private health care
- Career and family leave
- Non-contributory pension
- Charity and volunteering initiatives
- Minimum of 25 days’ holiday
- Sports and social clubs
- Subsidised on-site fitness centre (London only)
- Free eye tests
- Subsidised restaurant
- Interest-free season ticket loans.