Financial Conduct Authority "move to stratford" Reviews | Glassdoor.co.uk

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Financial Conduct Authority Employee Reviews about "move to stratford"

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15 Employee Reviews

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  1. "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.


  2. "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.


  3. "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.


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


  5. 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'.


  6. 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


  7. Helpful (3)

    "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


  8. 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.


  9. "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.


  10. "Flexibility"

    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 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


  11. "Excellent benefits, poor progression"

    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 (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


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