Financial Conduct Authority Employee Reviews about "senior management"

Pros

Used to be a great place to work - not any more People are great

Cons

Senior Management entering a consultation with staff on changing terms and conditions. Four month into the process and exec committee are still to consult with the staff representatives on the proposals. Most staff far worse off under the proposition but a lack of engagement and empathy from Execs has seen morale hit rock bottom. There is a new Senior leadership team that have proposed the changes before they had got to grips with understanding the organisation, how it works and the culture and people that work there. Execs have dismissed union representation and refused the use of internal comms method e.g. email for union members to provide updates to all staff - on the face it seems to prevent wider union support.

Pros

You are exposed to a wide range of engaging and important work. You contribute to reducing social harm Work/life balance is better than most industry work I've had previously.

Cons

You have already taken a c. 25-50% pay cut reduction by choosing the FCA compared to a similar financial industry role but its ethical work. There's a tradeoff for what you want as a person. However, employment terms are about to dramatically worsen under new leadership while responsibility and workloads have increased. Senior management appears to be hostile to employees engaging with a union for collective bargaining. Their responses to questions are not clear. This is the kind of speech that we are trained to identify and pick apart as regulators. Nepotism is rife in certain departments. Don't expect over time to be recognised or compensated. Certain areas are massively under resourced

Pros

The people Proud to play a part in consumer protection

Cons

Overstretched Senior Management not in touch with lower grade staff.

Pros

The people, interesting work and a valuable learning experience

Cons

Poor salary and benefits, bonus scheme is being removed and lack of reward for hard work, heavy workload with too much work and too few people. Poor senior management, no clear direction, senior management do not listen and do not care, do as a i say and not as i do attitude, management are in an ivory tower Used to be a good place to work with a good culture - no longer the case

Pros

Willingness of staff to collaborate. Interesting work for a good cause. Nice office with good facilities.

Cons

Lack of engagement by senior management with staff. Lack of vision for the organisation by uninspiring CEO and leadership team. Limited promotion prospects. Below inflation pay rises (and pay freezes) for several years. Continual overwork described as "stretch" that in reality is excessive hours worked to meet absurd staffing shortages. Staff morale low as a result of all of this.