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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. Helpful (2)

    "Associate"

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

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

    Pros

    Work life balance is good

    Cons

    Lack of progression and talent management leading to high attrition rates and loss of talented staff

    Advice to Management

    Create more development opportunities, promote on merit and not length of service


  2. "Working at the FCA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in London, England
    Current Employee - Manager in London, England
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Interesting and varied work that makes a difference in the real world.
    Collaborative working environment and helpful and friendly colleagues.

    Cons

    Management and leadership is very poor, overly bureaucratic and managers are not empowered to make decisions. The actual experience does not match the rhetoric in terms of career development opportunities. The organisation does not act in a way that shows it values and wants to retain experienced employees. The career structure does not allow for meaningful progression of people with technical expertise who do not want to be people managers.
    The open plan environment without adequate quiet space is not conducive to concentration on the technical issues that the work demands. People are often subject to unreasonable workloads so that work life balance is not possible.

    Advice to Management

    Create a career structure that demonstrates you value the technical expertise without which the organisation could not function.


  3. Helpful (6)

    "Interesting work but poorly run"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Financial Conduct Authority full-time (More than 8 years)

    Pros

    The work is important and the central role in financial services means the work is always interesting and evolving.

    Cons

    This is an organisation that doesn’t value staff. Senior management are incredibly poor quality and go out of their way to blame junior staff for their own failings. In addition, the benefits are poor and working conditions aren’t as good as they think they are.

    The organisation is constantly talking about changing itself but senior management are incapable of this - and appoint people who are incapable of this.

    Staff development and progression is poor. They constantly talk about the training they provide - however this is focused on the senior management.

    Advice to Management

    The best decision I made was leaving. The organisation is dysfunctional and poorly run.


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  5. Helpful (3)

    "salary"

    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
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good place to work for

    Cons

    Dont wanna move to stratford

    Advice to Management

    Not enough British ethnics employed!

    Financial Conduct Authority Response

    7 Sep 2017 – Graduate Recruiter

    Thank you for taking the time to write a review. We understand that a move to a new office can feel like a big change, however hopefully you can appreciate all the benefits that come with moving... More


  6. "Good place to work with excellent benefits and opportunities to learn"

    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 3 years)

    Pros

    Strong sense of purpose; highly capable people who work hard in the public interest; challenging and varied work; supportive colleagues, good work-life balance; competitive benefits package; and great facilities will be on offer in the new office in Stratford.

    Cons

    It can be challenging to innovate and deliver with pace due to a low risk appetite, committee-led decision making and lots of bureaucracy

    Advice to Management

    The direction of travel is the right one.


  7. "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Financial Conduct Authority full-time

    Pros

    Benefit package, learn loads, good for cv

    Cons

    Not much progression , pay increase etc

    Advice to Management

    Pay more


  8. Helpful (1)

    "Ups and downs"

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

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

    Pros

    Interesting work with the opportunity for exposure to very senior industry practitioners.

    Cons

    Often a political and extremely bureaucratic environment. Can be extremely slow to progress work though multiple governance layers.


  9. "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


  10. Helpful (12)

    "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


  11. Helpful (1)

    "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


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