FCA Senior Associate Reviews | Glassdoor.co.uk

FCA Senior Associate Reviews

Updated 29 April 2018
45 reviews

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Senior Associate

3.0
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FCA CEO Andrew Bailey
Andrew Bailey
20 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. "Senior Associate"

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

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

    Pros

    Great friendly atmosphere and opportunity to learn. Career progression is actively encouraged within the division and organization as a whole.

    Cons

    A hierarchical structure means decision making is made up the tree with limited executive power for senior associates. Joining process took forever!


  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. "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.


  4. "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


  5. "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.


  6. Helpful (2)

    "Roles can be pigeon holded"

    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
    Positive Outlook
    Approves of CEO

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

    Pros

    - Not as cut throat as industry,
    - Lots of people passionate about doing the right thing,
    - Friendly compared to banks,
    - Good work life balance,
    - Sense that work we do have purpose.

    Cons

    - Lack of diversity from Manager grade upwards,
    - Role is pigeon holed, and no insight into other divisions,
    - Silos
    - Processes and procedures are constantly changing, without consideration for long term embedding or waiting for last process to be implemented
    - Move to Stratford.

    Advice to Management

    I'm not sure anything I can say that's not already been said.


  7. "Good place to work"

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

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

    Pros

    Excellent team spirit and training opportunities. Varied roles and possibility for development both internally and externally.

    Cons

    Like many government departments there can be a tendency to seek decisions by committee rather than an individual basis although that is a minor point.

    Advice to Management

    N/A

  8. Helpful (7)

    "Interesting work but poorly run"

    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
    Negative Outlook
    Disapproves of CEO

    I worked at FCA full-time (More than 8 years)

    Pros

    The work is important and the central role in financial services means the work is always interesting and evolving.

    Cons

    This is an organisation that doesn’t value staff. Senior management are incredibly poor quality and go out of their way to blame junior staff for their own failings. In addition, the benefits are poor and working conditions aren’t as good as they think they are.

    The organisation is constantly talking about changing itself but senior management are incapable of this - and appoint people who are incapable of this.

    Staff development and progression is poor. They constantly talk about the training they provide - however this is focused on the senior management.

    Advice to Management

    The best decision I made was leaving. The organisation is dysfunctional and poorly run.


  9. Helpful (12)

    "Operates effectively on goodwill"

    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
    Negative Outlook
    Approves of CEO

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

    Pros

    Excellent calibre of staff at Senior Associate and Technical Specialist Level
    All staff have a high level of commitment to the organisation and its mission
    Very interesting work
    Excellent work/life balance
    Inclusive
    CEO leads from the front

    Cons

    Middle management is full of careerists and they are constantly in meetings but actually have no ability to manage staff as all decisions taken at senior levels
    Governance process is exhaustingly slow
    There is no reward or talent management strategy at all
    Silo mentality very bad in some areas

    Advice to Management

    The organisation survives on goodwill by those doing the front-line regulatory work - management is in constant meetings that achieve next to nothing practical - get out of the meeting rooms and lead your staff


  10. Helpful (3)

    "Great pay but such a waste of human potential"

    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
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great pay - above market rates for public policy professionals
    Great people - serious expertise and intelligence on display. I've rarely met anyone I didn't feel was not pulling their weight and most colleagues have impressed me

    Cons

    It is very demotivating that subject matter experts are banned from presenting on their work externally - unless they are at Head of Department level or above.

    More generally the regulator is incredibly inward focused - easily 90% of my work is inward looking and there is very little reflection in the organisation about whether this is the right approach.

    The Governance process is atrocious. From the moment a subject matter expert knows what they need to do, it usually takes a month to formalise the decision and another month to put it in writing.

    Seniors' time is so scarce it is impossible to benefit from their knowledge and experience.

    The organisation has an amazing ability to waste employee time - months' worth of work can be binned overnight.

    Advice to Management

    Some of our Senior Associate roles could easily be split