Senior Mutuals Associate

Job Title: Senior Mutuals Associate

Division: Authorisations

Department: Approved Persons and Mutuals Department (APM)

• Salary: National (Edinburgh and Leeds) ranging from £53,800 to £67,200 and London from £59,200 to £73,800 per annum (salary offered will be based on skills and experience)
• This role is graded as: Senior Associate - Regulatory
• Your external recruitment contact is Benjamin via [email protected]
• Your internal recruitment contact is Katie via [email protected]
• 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.

The Mutuals Team sits within the Approved Persons and Mutuals Department (APM), which is part of the Authorisations Division.

You will assess and manage applications from societies, help deliver the Mutuals strategy through stakeholder engagement, project work, policy development and casework, and lead cases involving the use of discretionary statutory powers.

The Mutuals Team delivers the FCA’s functions as registering authority for mutual societies: https://www.fca.org.uk/firms/mutual-societies

Role responsibilities

• Play a pivotal role in shaping outcomes across the mutual societies sector, contributing to work that has a direct impact on consumers and markets
• Build specialist expertise by assessing applications under multiple pieces of mutuals legislation and managing complex statutory cases
• Gain exposure to high-profile and challenging issues, balancing legal compliance, regulatory judgement and evidence-based decision making
• Lead meaningful casework with significant responsibility, including exercising discretionary statutory powers and society cancellations
• Develop strong stakeholder management skills through close engagement with industry professionals, legal representatives and internal specialists
• Conduct pre-application meetings with new and existing societies, influencing outcomes from the earliest stages and building trusted relationships
• Thrive in a varied and fast-paced environment where you can apply project management approaches to deliver a diverse portfolio of work
• Benefit from extensive learning, development and career progression opportunities within a supportive team committed to helping colleagues grow and succeed

Skills required

Minimum:

• Proven experience of independently planning, prioritising and delivering a varied and demanding workload to agreed timescales and quality standards
• Relevant experience of investigating complex issues and critically assessing and analysing information from multiple sources to reach sound, evidence-based decisions
• Proven experience of communicating complex information clearly in writing and verbally, and of building effective relationships with a range of stakeholders, including senior stakeholders

Essential:

• Demonstrating the ability to identify and evaluate key issues arising from complex or incomplete information, investigate matters thoroughly and exercise sound, proportionate judgement to reach balanced, evidence-based decisions
• Communicating complex issues clearly and persuasively, adapting your approach to influence stakeholders, provide constructive challenge and build effective relationships at all levels
• Taking ownership of outcomes by organising and coordinating work effectively, delivering accurate, high-quality outputs while managing competing priorities and dependencies
• Operating independently with appropriate escalation, remaining effective under pressure and adapting constructively to changing priorities, feedback and challenge
• Bringing knowledge and understanding of the mutual societies sector and the environment in which mutual societies operate
• Experience of interpreting and implementing legislation, regulatory requirements or comparable formal frameworks, alongside project management approaches to plan, coordinate and deliver work or change initiatives
• Experience of translating business requirements into practical process or system improvements and contributing to policy development, including preparing guidance or other materials for external audiences

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’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

• Advert Closing: 14th Oct (11:59pm)
• CV Review/Shortlist: 20th Oct
• Interviews W/C: 2nd Nov
• 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.