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Financial Conduct Authority Reviews

Updated 20 January 2018
180 reviews

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3.4
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Financial Conduct Authority CEO Andrew Bailey
Andrew Bailey
57 Ratings

180 Employee Reviews

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Pros
Cons
  • but improvement promised with the move to Stratford next year (in 15 reviews)

  • There is limited career progression (in 14 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (5)

    "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 Financial Conduct Authority 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.


  2. Helpful (1)

    "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


  3. "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 Financial Conduct Authority 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.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "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 Financial Conduct Authority 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


  6. 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 Financial Conduct Authority 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.


  7. "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 Financial Conduct Authority 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


  8. "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 Financial Conduct Authority 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


  9. "The work is why you stay"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at Financial Conduct Authority full-time

    Pros

    Good work for a good reason

    Cons

    Can be a political beast, and some strange decisions are made. Progression is also difficult


  10. "Intern"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    People are very nice

    Cons

    Limited access to career growth


  11. "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 Financial Conduct Authority 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!


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