FCA Associate Reviews | Glassdoor.co.uk

FCA Associate Reviews

Updated 29 April 2018
98 reviews

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Associate

3.2
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FCA CEO Andrew Bailey
Andrew Bailey
31 Ratings

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Pros
  • Excellent work-life balance and a very collegiate place to work (in 79 reviews)

  • Some interesting work and some good people (in 29 reviews)

Cons
  • The move to Stratford is not liked by the majority of staff (in 19 reviews)

  • There is limited career progression (in 15 reviews)

More Pros and Cons

  1. "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in London, England
    Former Employee - Associate in London, England
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at FCA full-time (More than a year)

    Pros

    Room for advancements, secondment opportunities, supportive management, relatively regular hours, inclusiveness, diversity

    Cons

    Low incentives; lack of salary increase


  2. "Working at the FCA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in London, England
    Current Employee - Senior Associate in London, England
    Recommends
    Approves of CEO

    I have been working at FCA part-time (More than 8 years)

    Pros

    Generally great colleagues, willing to help and go the extra mile. Staff all really care about UK consumers. Some very smart people in the building. Benefits package is excellent, particularly the non-contributory 12% I get in my pension and the medical cover on which I have claimed a number of times with no issue. Work life balance respected in almost all areas, in my experience.

    Cons

    Can be bureaucratic, slow to make decisions and too many meetings. If they can put a process in, they will! Also there has been a lot of change recently (and continuing) in approach to our work, focus and values, location of our offices and even the technology and people may be starting to get jaded with it all.

    Advice to Management

    Cut the processes down, especially the chain of sign off - it creates so much work for the layers down the chain. No more big changes for a while please! Make it easier for good people to get promoted to reward their experience (i.e. there is a need to review pay grade and levels - I think this might actually be happening).

  3. "Good work-life balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in London, England
    Former Employee - Associate in London, England
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at FCA part-time (More than 3 years)

    Pros

    Good work-life balance for staff

    Cons

    Difficult to progress when working part-time

    Advice to Management

    Utilise your experienced staff more effectively


  4. "There is a focus on process and governance rather than people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in London, England
    Current Employee - Senior Associate in London, England
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at FCA full-time (More than a year)

    Pros

    Staff have good values and attracts people who want to do good for the economy

    Cons

    HR is all process with little of duty of care to staff. The governance of the market is the same attitude applied to staff

    Advice to Management

    Your HR department is all about process with no focus on care to staff, re-work the senior HR staff who have been there for a few years.


  5. "Senior Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in London, England
    Current Employee - Senior Associate in London, England
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at FCA full-time (More than 5 years)

    Pros

    Flexibility
    Interesting work
    Friendly place to work generally
    Career breaks
    Consumer protection

    Cons

    Weak Management
    Open Favouritism
    Lacks diversity
    Little transparency
    Constant changes in priorities

    Advice to Management

    Just be open to different personalities and backgrounds
    Acknowledge criticism and learn from it
    Listen carefully before making judgements


  6. Helpful (1)

    "Great for learning, but not good for career opportunities"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Contact Center Associate in London, England
    Former Employee - Contact Center Associate in London, England
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at FCA full-time (Less than a year)

    Pros

    - You can learn a lot about financial services
    - Work with some great people
    - Good work/life balance, rarely stay after 5
    - Decent benefits
    - Once you get used to the work there is not much preassure

    Cons

    - No help in career development
    - Good opportunities are given only to those who play along with management
    - After a year the work becomes mundane and there is no challenge
    - No consistency in work processes and training
    - Other departments look down on you
    - Slow in innovation and fixing issues


  7. Helpful (2)

    "I wonder if management reads these..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in London, England
    Current Employee - Associate in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FCA full-time (More than 3 years)

    Pros

    Flexible working
    Great people
    Interesting and varied work
    Great HoDs

    Cons

    There needs to be clearer lines of responsibilities between the pay grades (often Reg B's are doing Reg C work etc. with no reward or recognition)

    People management is varied across the organisation

    There is a clear message from management to help career development but in practice management don't encourage staff.

    HR - good luck to anyone in the recruitment process. I had to complete 300 words, 1 case study and 3 interviews for an internal lateral move! #excessive.

    There is no consistency across the FCA

    We often hold firms to account for poor governance/oversight/systems and controls/accountability etc. but fail to implement the same standards internally.

    Advice to Management

    There is so much talent and drive in the building - don't take it for granted.

  8. "It’s all about who you know"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in London, England
    Former Employee - Senior Associate in London, England
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at FCA full-time

    Pros

    Good work life balance and flexible working on offer. Reputable company to have on your CV.
    Location is ok, although will shortly be moving to Stratford.

    Cons

    Minimal progression opportunities. Wasn’t prepared to sacrifice my integrity by “playing the game”.
    Pay is atrocious.
    So-called “Academy” is a complete waste of time and effort.


  9. Helpful (2)

    "10 year's experience - but impossible to move roles"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate - Governance in London, England
    Current Employee - Associate - Governance in London, England
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at FCA full-time (More than 8 years)

    Pros

    Benefits, inclusive environment, work life balance (most of the time)

    Cons

    Difficult to move jobs - competence based interviews, assessments - there seems to be little value placed on potential, experience or performance in current role.

    Advice to Management

    Make it easier for people to move departments or divisions - their experience is valuable surely. Find a way to better understand people's transferable skills. Assess people for their passion, performance in their current role, their ability to learn new things - must be better than utilising robotic competence questions which test peoples ability to answer a question but not their real skill level.


  10. Helpful (2)

    "Enforcement Division - Old boys club"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate, Enforcement in London, England
    Current Employee - Associate, Enforcement in London, England
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at FCA full-time (More than 3 years)

    Pros

    High quality work, especially on the legal side
    Good work life balance -
    Talented people who make great role models

    Cons

    Lots of empty promises
    Very poor remuneration- even for public sector
    Progression much harder if you’re not a white middle class male
    No transparency around pay
    Impending move from Canary Wharf to Stratford

    Advice to Management

    Make an effort to be aware of unconscious bias
    Make pay transparent