Job Title: Senior Prudential Policy Associate
Division: Supervision, Policy & Competition
Department: Financial Resilience
Salary: National (Edinburgh and Leeds) ranging from £52,400 to £80,600 and London from £57,700 to £88,600 (salary offered will be based on skills and experience)
This role is graded as: Senior Associate - Regulatory
Your external recruitment contact is Shafika Shaikh via [email protected]. Applications must be submitted through our online portal. Applications sent via social media or email will not be accepted.
Your internal recruitment contact is Isabelle Groves 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 Supervision, Policy & Competition (SPC) Division oversees firms and individuals (supervision), creates and reviews the rules by which they operate (policy) and identifies and remedies ineffective competition in markets (competition).
Within SPC, the Prudential Policy team (Specialists Directorate) develops, implements, and maintains prudential regimes for over 46,000 FCA-regulated firms. The team develops and maintains prudential regimes including IFPR/MIFIDPRU, MIPRU, IPRU, and prudential requirements for payments, e‑money and cryptoasset firms. The team works closely with Supervision and other FCA functions to support firm-level assessments and strengthen financial resilience across the sector.
Role responsibilities:
This is a policy role for an experienced prudential specialist. You will support the development/enhancement of high-impact prudential policy, exercise significant regulatory judgement, and shape how prudential standards are interpreted and applied across FCA-regulated firms.
You will be responsible to:
Support the design, review, and enhancement of FCA prudential regimes, including IFPR/MIFIDPRU, MIPRU, IPRU, and prudential standards for payments, e‑money and cryptoasset firms
Conduct deep qualitative and quantitative analysis of prudential risks, capital and liquidity adequacy, and firm behaviour to inform policy decisions and senior leadership advice
Monitor market developments, supervisory feedback, and emerging cross‑sector risks, translating these into proportionate policy responses
Engage extensively with Supervision, Enforcement, Data, HM Treasury, industry bodies and firms, including leading consultations and representing the FCA externally
Provide technical advice and briefings to senior management, support colleagues across the organisation with interpretation and application of policy and offer guidance to firms on compliance with new or amended rules
Support management of multiple workstreams, ensuring timely delivery of policy outputs, identify dependencies and risks, and propose practical solutions
Skills required:
Minimum:
Experience in prudential regulation or prudential risk management within a financial services regulator or a prudentially regulated firm (e.g. investment firm, bank, payments or e-money firm)
Strong working knowledge of prudential frameworks, with deep expertise in one or more of: Basel standards (CRR/CRD), IFPR, payments and e-money regimes, ICAAP, ILAAP or ICARA
Essential:
Demonstrable experience assessing capital adequacy, liquidity risk, stress testing and risk management frameworks (e.g. ICAAP, ILAAP, ICARA)
Strong understanding of risk management frameworks, including either operational, market and liquidity risk management
Ability to rapidly develop expertise, set direction on complex issues, and deliver high-impact initiatives with limited oversight
Excellent written and verbal communication skills, with the ability to present complex prudential, regulatory and policy issues clearly and persuasively to senior internal and external stakeholders
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
Job advert close: 14th June 2026
CV Review/Shortlist: 16th - 18th June 2026
Pre-interview screening call by hiring manager (up to 30 mins): w/c 22nd June 2026
Case Study and Interview: w/c 29th June 2026
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.
