FCA Manager Reviews | Glassdoor.co.uk

FCA Manager Reviews

Updated 16 May 2018
15 reviews

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Manager

3.8
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FCA CEO Andrew Bailey
Andrew Bailey
10 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. Featured Review

    Helpful (1)

    "Great employer, offering really good overall salary packages and an opportunity to make a difference"

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

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

    Pros

    Extremely employee friendly - employment conditions are very, very good and there are a lot of training and development opportunities.
    Massive emphasis placed on diversity and inclusion, even though there’s still more to be done (as pretty much every big organisation).
    Real opportunity to make a difference. The FCA is internationally renowned for its work and has a huge impact on how the entire financial services sector operates. Working here you really feel like you can help people in a significant way.
    Glossy new building and technology being introduced. It’s about time with the technology, but by August everyone will have a new tablet laptop, a sit-stand desk, and we’re finally properly enabling remote working and going paperless.
    Really welcoming and insightful colleagues. The FCA has so many people that really understand their field that you’re never short of someone to explain some bit of financial arcanery to you.
    Overall salary package is really strong. If you look past the basic salary, there’s a really good pension and other benefits, plus the bonuses are very good, especially for high performers.
    Looks great on your CV. There are so many people who move on to big jobs from here, so it can be a great stepping stone into big banks, etc.

    Cons

    The old tech (which is being phased out, see above).
    Pretty process-heavy. Even senior leaders recognise the organisation has too many internal sign-offs and could be much quicker. I wouldn’t expect it to be that long before this is addressed, even if it might take a while to change fully.

    Advice to Management

    Make decision-making leaner. And keep pushing to break down silos.


  2. "People friendly, varied and interesting work."

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

    I worked at FCA full-time (More than 10 years)

    Pros

    Makes a difference to people's lives. Flexible working is encouraged and you have a lot of control over your working day and projects.

    Cons

    Limited promotions and face has to fit once you get more senior. Salaries and headcount are restricted more and more. The move to Stratford is not liked by the majority of staff.

  3. Helpful (4)

    "salary"

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

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

    Pros

    Good place to work for

    Cons

    Dont wanna move to stratford

    Advice to Management

    Not enough British ethnics employed!

    FCA Response

    7 Sep 2017 – Graduate Recruiter

    Thank you for taking the time to write a review. We understand that a move to a new office can feel like a big change, however hopefully you can appreciate all the benefits that come with moving... More


  4. "Working at the FCA"

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

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

    Pros

    Interesting and varied work that makes a difference in the real world.
    Collaborative working environment and helpful and friendly colleagues.

    Cons

    Management and leadership is very poor, overly bureaucratic and managers are not empowered to make decisions. The actual experience does not match the rhetoric in terms of career development opportunities. The organisation does not act in a way that shows it values and wants to retain experienced employees. The career structure does not allow for meaningful progression of people with technical expertise who do not want to be people managers.
    The open plan environment without adequate quiet space is not conducive to concentration on the technical issues that the work demands. People are often subject to unreasonable workloads so that work life balance is not possible.

    Advice to Management

    Create a career structure that demonstrates you value the technical expertise without which the organisation could not function.


  5. Helpful (6)

    "Great Place to be"

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

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

    Pros

    Everybody I have met in my time here is very helpful and wants you to succeed, which is quite different to the commercial world where it is often dog eat dog. Alongside that the work is meaningful, rewarding and makes a difference, what more could you want?

    Cons

    There are few down sides unless you look very hard to try to find the negative.


  6. Helpful (1)

    "Ups and downs"

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

    I have been working at FCA full-time (More than 10 years)

    Pros

    Interesting work with the opportunity for exposure to very senior industry practitioners.

    Cons

    Often a political and extremely bureaucratic environment. Can be extremely slow to progress work though multiple governance layers.


  7. "Great sense of purpose and job satisfaction"

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

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

    Pros

    Supportive culture
    People believe in what they do
    Good working hours and work culture
    Great quality of colleagues
    Good senior leadership team for the most part
    Good benefits and salary isn't too bad
    Great work life balance

    Cons

    Sometimes people are too wrapped up in their job and their view to seek help and give support elsewhere.
    Has a strong silo culture, sometimes even in departments. Overall it seems to be known to be an issue but tackling it will be challenging.

    Advice to Management

    Continue to get the whole building working together

  8. "Becoming quite average"

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

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

    Pros

    Organisation is trying to do what is best for the consumer, markets and economy. Can be rewarding place to work and you can have some good work/life balance at more junior levels. As you progress it becomes less the case.

    Cons

    Under new leadership it feels more like a government agency and continues to move that direction - for example new roles like Private Secretary have appeared all over and there is a lot more effort in trying to please politicians and parliament rather than be an arms length and independent body.

    Advice to Management

    You can't please all of the people all the time.


  9. Helpful (4)

    "Commercial experience not valued, good for a career "rest"."

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

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

    Pros

    Good work-life balance possible if you have a sensible line or in an area that SLT does not fully understand.
    There is a decent level intellectual challenge assuming you are able to identify or lucky enough to be assigned the right projects.

    Cons

    Too much change and restructuring.
    Commericial and practice experience is not valued.
    Retention of experienced and key staff does not seem to be a priority.
    Technology is a generation behind Tier 1 banks.
    Lack of understanding of finance to the level that I would expect.

    Advice to Management

    Work on a retention strategy that allows you to keep knowledgeable and experienced staff.
    Rather than just relying on redeployment to solve problems, be prepared to let underperforming staff go.
    Commercial external experience is consistently overlooked when looking at candidates for promotion.


  10. "Pros and Cons"

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

    Pros

    Amazing alignment of all colleagues to purpose and values of the organisation. Collegiate environment, intellectually stimulating and endless opportunities to learn.

    Cons

    By its nature, the FCA is bureaucratic, politically charged and risk adverse. Lots of reporting upwards, little delegated authority and autonomy.

    Advice to Management

    Senior leaders need to stop watching their own backs and focus more on people management; be less hierarchical. Signals from the new CEO are positive.