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Financial Conduct Authority Reviews

Updated 27 April 2017
123 reviews

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Full-time Part-time

3.2
Star Star Star Star Star
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Financial Conduct Authority CEO Andrew Bailey
Andrew Bailey
22 Ratings

123 Employee Reviews

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Pros
  • Flexible working with good work / life balance (in 48 reviews)

  • Good people, interesting work; relatively good work/life balance (in 21 reviews)

Cons
More Pros and Cons

  1. Helpful (1)

    "Interesting experience"

    Star Star Star Star Star
    • 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
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Financial Conduct Authority (More than 3 years)

    Pros

    You will find a diverse range of work to choose from.

    Cons

    You can get stuck doing the same thing for several years.


  2. "Lack of direction - limited room for development"

    Star Star Star Star Star
    • 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 Financial Conduct Authority full-time (More than 3 years)

    Pros

    Flexible benefits
    Pension scheme
    Subsided canteen and gym

    Cons

    Advertises itself as having flexible working, however this is very much on a the discretion of the line manager and will vary greatly depending on where you are in the organisation

    Low salary compared to the rest of industry for similar role types

    Advice to Management

    Don't just pay lip service to staff concerns. Do something constructive.


  3. "Overall good place"

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

    Pros

    Good people and friendly environment. Decent non-financial perks.

    Cons

    Graduate associates are treated differently across the organisation, with some teams holding them in high regard whilst others simply use them as cheaper labour / support staff. Can be highly demotivating if you end up in one of the latter teams as a grad.

    Pay & reward considerations vary wildly between departments / divisions. Equal work is not equally remunerated and will depend on which part of the organisation you find yourself in.

    Advice to Management

    Treat, and remunerate, staff based on their output and performance. Not on the name of their title.


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  5. "Excellent benefits, poor progression"

    Star Star Star Star Star
    • 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 Financial Conduct Authority (Less than a year)

    Pros

    Some excellent managers
    Good benefits
    Bonus scheme
    Interesting work
    Some very talented people
    Easy to work a 9 to 5 day if you're relatively junior

    Cons

    The move to Stratford in 2018 has caused a lot of upheaval
    Good people often leave for private practice as the salaries aren't competitive

    Advice to Management

    More focus retaining talent
    Review lower salaries
    Less use of contractors - employ more full time staff and less fixed term contractors


  6. "Stale environment"

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

    I worked at Financial Conduct Authority full-time (More than a year)

    Pros

    Working at the FCA allows for real understanding of how financial services firms are regulated;
    Decent work/life balance;

    Cons

    Too bureaucratic;
    Departments and divisions do not interact with each other;
    Reactive rather than proactive;
    IT systems are antiquated;
    The amount of work and gap in salary between team members and managers is hugely disproportionate;


  7. "Solid place"

    Star Star Star Star Star
    • 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

    Pros

    At least they care about people

    Cons

    Too many silo's for everything to be effective


  8. "Fast paced"

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

    Pros

    Great fast paced workplace, thoroughly enjoyed working here, only a temp role, would come back.

    Cons

    Management need to listen more to staff concerns more, long hours culture.

    Advice to Management

    None.


  9. Helpful (1)

    "Senior Associate- Supervision"

    Star Star Star Star Star
    • 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
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Financial Conduct Authority full-time (More than 10 years)

    Pros

    Great manager/team
    Work/life balance
    Interesting work
    Being in the hub of it
    Despite comments below, I do recommend FCA as an employer- the experience is invaluable for a Risk/Control career in Financial Services

    Cons

    The salary - a £20K+ adrift of what you could get in private sector
    A sometimes unhelpful attitude towards regulated firms. A lot of Supervisors struggle to decipher the Handbook (and often rely on FCA general counsel for assistance), yet are reluctant to share this insight with firms. Remember what the statutory objectives are trying to achieve..
    Some excellent people, but a lot of 'career regulator' deadwood - especially in the London office (Edinburgh office has excellent staff).
    Red tape

    Advice to Management

    Actually listen to staff and react constructively to it, rather than the usual 'raising visibility' and empty rhetoric.


  10. "Technical Specialist at FCA"

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

    Pros

    Flexible working with good work / life balance
    Interesting work
    Intelligent colleagues with good interaction across teams / divisions / FCA

    Cons

    Decision making can be slow

    Advice to Management

    Continue to support staff to be the best they can


  11. "It's more good than bad"

    Star Star Star Star Star
    • 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
    No opinion of CEO

    I have been working at Financial Conduct Authority full-time (More than a year)

    Pros

    Pretty good work/life balance. No need to work harder than you want to

    Cons

    No incentive to improve anything. Bloated organisation. Difficult to progress without playing the game.


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