FCA Reviews | Glassdoor.co.uk

FCA Reviews

Updated 18 May 2018
208 reviews

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208 Employee Reviews

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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. "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.


  2. "Technical Role"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Member of Technical Staff in London, England
    Former Employee - Member of Technical Staff in London, England
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at FCA (More than 5 years)

    Pros

    Great group of individuals in a friendly and generally supportive environment.

    Cons

    Teams are often driven by their own agendas and objectives, a more collaborative approach of working is required to achieve greater success. Roles and organisational reporting lines are generally flat which can limited opportunities to progress.

    Advice to Management

    Look for opportunities to promote internal talent, going to market is not only costly, but prevents good talent from progressing, leading to them moving elsewhere.

  3. 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.


  4. 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


  5. Helpful (2)

    "Very good place to work. High profile and meaningful work on offer."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Good training and opportunities available for progression.

    Cons

    Not many but could do more on the diversity front.

    Advice to Management

    N/A


  6. "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.


  7. "Generally good employer"

    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
    Neutral Outlook
    Approves of CEO

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

    Pros

    Flexible working, fairly good salaries, additional benefits such as private medical care, pension.

    Cons

    Lack of consistency across departments and even teams, poor talent management, difficult to progress within your own department

  8. Helpful (1)

    ""Authorisations - lending and intermediaries" - Ok but room for improvement"

    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
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Lots of opportunities for sideways moves.
    Mostly nice people.
    Good canteen.
    Lots of knowledgeable people to learn from.
    Friendly Head of Department who is easy to get along with.

    Cons

    Reg As doing the same work as Reg Bs and Reg Cs and not being appropriately rewarded for this.

    Confused risk appetite - measures have been implemented in an attempt to improve consistency. Unfortunately we now have a number of guides to assist case officers which don't always marry with each other i.e. one guide will categorise the firm's risk to our objectives on one set of criteria and another guide will categorise the firm on a different set of criteria, each with different results.

    A number of long time associates who resist any fresh input and work to undermine newer associates and managers.

    Managers openly undermining each other.

    Tiresome relationship with supervision - often feels like we're on opposite teams.

    It is too difficult to refuse authorisation to firms - the hurdles are too high. It often feels like you are pushing firms to improve processes with nothing to threaten them with if they refuse.

    Silly amounts of administration to close a case - renaming of all emails, recording of risk category, checklists, case notes, manual email confirmations etc.

    Director who doesn't seem to have a clue about how difficult the work is on the ground, just wants results!

    Advice to Management

    Stop undermining each other. While it's a source of gossip, it's not a good look.


  9. "Fantastic Place to work"

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

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

    Pros

    Interesting work, nice people, genuinely enjoyed my time there.

    Enforcement and Market Oversight seems to be the best place for paralegals to get some legal experience!

    Cons

    Low base salary and difficult progression if you’re not placed in the right team at the outset. Management has changed so hopefully for the best in terms of giving opportunities to younger employees


  10. "Associate, Case Officer"

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

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

    Pros

    Excellent benefits and flexible working pattern

    Cons

    Training and development facilities - which they are in the process of improving

    Advice to Management

    N/A


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