Financial Conduct Authority Reviews | Glassdoor.co.uk

Glassdoor uses cookies to improve your site experience. By continuing, you agree to our use of cookies. OK | Learn More

Financial Conduct Authority Reviews

Updated 16 August 2017
148 reviews

Filter

Filter

Full-timePart-time

3.3
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Financial Conduct Authority CEO Andrew Bailey
Andrew Bailey
38 Ratings

148 Employee Reviews

Sort: PopularRatingDate

Pros
  • Great work life balance and lots of flexibility (in 58 reviews)

  • Good people, interesting work; relatively good work/life balance (in 22 reviews)

Cons
  • The move to Stratford in 2018 has caused a lot of upheaval (in 10 reviews)

  • There is limited career progression (in 13 reviews)

More Pros and Cons

  1. "Good benefits and career progression"

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

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

    Pros

    Great benefits and career progression opportunities after one years service

    Cons

    Social diversity can be improved in certain business areas but know this is something resourcing is working on


  2. "Old fashioned"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in London, England
    Former Employee - Associate in London, England

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

    Pros

    Work Life balance
    9-5 working hours

    Cons

    Old fashioned
    Heavily political
    Must know the "right" people


  3. Helpful (7)

    "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 Financial Conduct Authority 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


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


  5. Helpful (2)

    "A complex organisation trying to make a difference"

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

    I have been working at Financial Conduct Authority full-time (More than 10 years)

    Pros

    Interesting and challenging work
    Great people, working hard in the interests of consumers
    Great work life balance and lots of flexibility
    Competitive salary, and good benefits package including bonus
    Exciting opportunity to have a brand new office, and finally some investment in technology

    Cons

    Challenging culture, can be slow to get things moving, lots of committees and everyone wants to have a say
    Some of the basics don't work well; wifi, conference calls, toilets. ... but improvement promised with the move to Stratford next year.

    Advice to Management

    Be clear about expectations of managers, reward and recognise those who role model good leadership - rather than promoting technical skills


  6. "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 Financial Conduct Authority 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


  7. "it has been greatly awesome"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Case Handler in London, England
    Current Employee - Case Handler in London, England
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    great but could be better especially salary

    Cons

    work load and salary not the best

    Advice to Management

    do better


  8. Helpful (2)

    "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 Financial Conduct Authority 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


  9. Helpful (3)

    "Senior Associate"

    StarStarStarStarStar
    • 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 Financial Conduct Authority full-time (More than a year)

    Pros

    * There is a much better work/life balance than in industry - as a former consultant, my hours were 07:00 to 19:00; here, my hours are more like 08:00 to 17:00.
    * The benefits package - when you consider the work-life balance - is good.
    * Opportunity to contribute to some significant pieces of work, and feel like you're making a real difference to customers. Also opportunities to get involved in various extra-curricular projects.
    * (Current) location of offices is good - London and Edinburgh, though the London office is moving from Canary Wharf to Stratford from April 2018 (see 'cons').

    Cons

    * It is difficult to get promoted - when more senior vacancies arise, there is a great deal of competition for the places, which can leave you pretty disappointed.
    * Further, promotions are not merit-based - you are promoted based on how visible you are. So, you can have no idea what you're doing, but as long as you *behave* the right way and do lots of extra (but meaningless) project work, you'll go far.
    * The organisation often confuses 'judgements' with 'opinions' - failing to recognise the need to get a sound evidence base before reaching a judgement.
    * The move to Stratford in April 2018 is significant, but it doesn't feel as though management are recognising these concerns.
    * Getting people to make a decision is painful - everything has to be deferred to a committee.

    Advice to Management

    Be more trusting of your employees. Stop confusing 'judgement' and 'opinion'. Stop deferring everything to committees. And (biggest of all) start to promote and recognise employees on the basis of MERIT, rather than personality/likability/visibility.


  10. "FCA"

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

    I have been working at Financial Conduct Authority (More than 3 years)

    Pros

    Important work, family friendly, good for CV

    Cons

    Management promote in their own image


  11. "Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate
    Current Employee - Associate
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Diverse range of people and work

    Flexible Benefits

    Pension Scheme

    Cons

    - Lack of transparency
    - Lack of accountability
    - Lack of trust
    - Very difficult to get an answer sometimes, you often have to go through several channels of communications to get an answer when in fact speaking to that one person will get you the answer straight away.
    - Too bureaucratic
    - Move to Stratford
    - Politics get in the way too often to get things done
    - Some rules tend to only apply for Managers and not at all / very limited to direct reports.
    - Not many opportunities to move up. Limited career progression. Most tend to be sideways moves which prove no benefit to personal development, so you end up doing the same thing for several years
    - Antiquated IT systems
    - Not making use of the right people with the right skills from internal candidates.

    Advice to Management

    Put trust in what your employee's do and be more transparent with things that are going on. People talk, and you're not doing your team / department any favours by hiding this from them.


Showing 148 of 162 reviews
Reset Filters