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Financial Conduct Authority Reviews

Updated 19 February 2018
186 reviews

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186 Employee Reviews

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Pros
  • Great work life balance and lots of flexibility (in 68 reviews)

  • Interesting work, nice people, genuinely enjoyed my time there (in 26 reviews)

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. "Risk B"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Financial Conduct Authority full-time

    Pros

    Good corporate environment, vertical structure

    Cons

    Low salaries, low recognition of work


  2. Helpful (3)

    "Good work life balance but bureaucratic"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Lead Associate in London, England
    Current Employee - Lead Associate in London, England
    Recommends
    Negative Outlook
    Disapproves of CEO

    I have been working at Financial Conduct Authority full-time (More than 5 years)

    Pros

    - work life balance
    - benefits package and up to 38 days holiday
    - interesting and varied work
    - lots of opportunity to move around the organisation
    - very pro minority groups and inclusive culture

    Cons

    - terribly bureaucratic
    - poor managers generally lacking in people skills that have very long tenure
    - lack of empowerment
    - very skilled and talented people often under utilised so they leave
    - general lack of industry experience means you get "experts" within industry sectors who have never worked in industry and lack commerciality
    - senior management value those that are "talking the fca language" over genuine talent creating an internal bias

    Advice to Management

    - remove burdensome process
    - do more focused and targeted recruitment externally
    - better training programmes
    - hold poor management to account or exit them
    - send staff on more external secondments
    - focus efforts on driving efficiency and better value for money. Hold people to account for poor performance


  3. "Ok but could be better"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Financial Conduct Authority full-time

    Pros

    Great people, flexible working, about to move to brand new purpose built offices (but the location is seen as a 'con' for some staff), numerous staff network groups.

    Cons

    Too much process, tendency to navel gaze, can be difficult to get decisions made, poor IT systems. Upcoming relocation to Stratford is controversial for some staff.


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


  5. "Unique and intellectually rewarding"

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

    I have been working at Financial Conduct Authority full-time (More than 5 years)

    Pros

    Senior management interaction, high profile work opportunities, variety of work, flexible working, good social life, great people, supportive managers interested in your development

    Cons

    Pay, really bad technology, takes forever to move around the building (lifts), don’t deal with under performance (weight of work tends to fall on a few good people)

    Advice to Management

    Too much dead weight in the organisation - raise standards, get rid of under performers and pay good staff more


  6. "First job out of uni and gap year. Really enjoying it."

    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
    Positive Outlook
    Approves of CEO

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

    Pros

    Work life balance - it’s reliably 9-5.
    Flexi-time
    Surrounded by intelligent, driven people
    Obvious social benefit
    Great opportunities / systems for learning

    Cons

    Occasionally bureaucratic
    Quiet periods between major cases
    IT systems could do with update, but apparently in the pipeline as part of the move to Stratford.

    Advice to Management

    For line managers: be clearer about tasking for new starters.


  7. Helpful (2)

    "Not clear path to progression"

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

    Fast paced learning environment and networking opportunities.
    A broad idea of the industry and understanding how markets and the work you do effects consumers and firms.

    Cons

    Salary doesn't match workload.
    Experience doesnt automatically mean promotion and expertise, unless it's technical, isn't recognised. An overly reliant idea that in order to excel you need to be a public speaker. Doing the job at times doesn't seem like it's enough when it comes to interim and annual reviews.

    Advice to Management

    Don't do things just because they've always been done. Be more reactive to change. Not everyone displays professionalism the same way. Focus on attrition, the FCA lose too many people each month/year.


  8. "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 Financial Conduct Authority 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.


  9. "Intern"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Good professional atmosphere, Very Friendly staff

    Cons

    I do not have any


  10. "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 Financial Conduct Authority 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


  11. Helpful (2)

    "Good work/life balance"

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

    I have been working at Financial Conduct Authority full-time

    Pros

    Good work/life balance
    Great benefits
    Friendly colleagues

    Cons

    Bureaucratic
    Lack of career progression
    Political
    No consultation regarding move to Stratford

    Advice to Management

    Create more development opportunities, and career progression should be based on merit and not 'who you know'.


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