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Financial Conduct Authority Reviews

Updated 13 June 2017
139 reviews

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Full-time Part-time

3.3
Star Star Star Star Star
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Financial Conduct Authority CEO Andrew Bailey
Andrew Bailey
32 Ratings

139 Employee Reviews

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Pros
  • Flexible working with good work / life balance (in 53 reviews)

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

Cons
More Pros and Cons

  1. Helpful (1)

    "Associate"

    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 3 years)

    Pros

    Nice people, opportunity to move around, some excellent colleagues.

    Cons

    Sluggish culture in some areas.

    Advice to Management

    Cut layers of management.


  2. "Fantastic learning experiences but impossible to progress even if a consistent high performer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate - Policy in London, England
    Current Employee - Senior Associate - Policy in London, England
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Excellent exposure to supervision, rule making, great to work for an organisation who are genuinely trying to do something good for the public good. New CEO Andrew Bailey a positive force in the organisation and well liked and respected.

    Cons

    The HR competency framework makes it impossible for talented associates to make management as there are always questions which you can only demonstrate competency in if you have recent management experience. Other organisations rate your potential not your actual experience, as such lots of talented staff leaving and replacements may not be as good but somehow have an external management job title allowing them to tick the box.

    Advice to Management

    Sadly the competency framework for associate promotion to manager isn't fair or fit for purpose as talented staff with potential can't move ahead and leave. This needs to be addressed quickly to stop the brain drain.


  3. "Senior directors need to cooperate!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Head of Department in London, England
    Former Employee - Head of Department in London, England
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great quality work and great people. Lots of opportunity to learn. This is an organisation with a hugely important role to play.

    Cons

    Senior directors need to understand teamwork. They spend too much time following their own individual agendas and not enough time working towards a shared agenda.

    Advice to Management

    Reduce the ego factor in the executive directors


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  5. "Senior Associate"

    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

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

    Pros

    This is a really good place to work with lots of opportunities to develop your learning Great benefits, good training opportunities, good work life balance.

    Cons

    When compared to equivalent work in the private industry the pay is not particularly good. The chance for significant promotions is limited.

    Advice to Management

    To retain staff they should be better rewarded at their end of year appraisals with better pay increases and improved bonus rewards.


  6. "Flexibility"

    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
    Negative Outlook
    Approves of CEO

    I have been working at Financial Conduct Authority part-time (More than 8 years)

    Pros

    - flexible working
    - better hours than private sector
    - interesting
    - sector/company wide view so great experience for going back out again
    - feelgood factor - public service
     - pension contribs not bad - match up to 1 2 or 3 % after 40, 45, 50 - e.g. 44 yo could have 14% from co if 2% self

    Cons

    - pay - pay-rises non existent (much less than 1%pa so negotiate hard before you accept), bonuses shrinking
    - lip-service to flexibility - depends on manager, career development impossible - middle management poor
    - pay
    - move to Stratford

    Advice to Management

    Seems very unprofessional environment compared to private sector


  7. Helpful (2)

    "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.


  8. "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.


  9. "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.


  10. "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


  11. Helpful (1)

    "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;


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