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Director, Risk

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Quick Summary

Overview

Please note you should apply through our executive search partners using the link here, https://app.loxo.co/job/OTUyMS15MjlybzdwcDgzbW1vNmN5?t=1776938910103 Director, Risk About the FCA At the FCA, we’re creating a fair and more resilient financial system.

Key Responsibilities

The Director of Risk will lead a Directorate within Risk and Compliance Oversight and report directly to the General Counsel and Chief Risk Officer.

Technical Tools

a11ystakeholder-management

The Director of Risk will lead a Directorate within Risk and Compliance Oversight and report directly to the General Counsel and Chief Risk Officer.

Risk and Compliance Oversight (R&CO) is the second line of defence for the FCA, working with each of the FCA Divisions to ensure the management of Own Risks (operational, execution and public confidence risks) and Risks of Harm is effective to enable the FCA to successfully achieve its strategy and business plan and, hence, its statutory and operational objectives.

The Director will lead their Directorate to oversee the maintenance of the Risk Management Framework, provide ongoing guidance and oversight of risk management across the FCA and oversee the effective operation of the Assurance function.

The Division works in partnership with Senior Management, members of the Board and colleagues across the organisation to manage the internal and external risks to the FCA’s strategy and Annual Workplan and, hence, its statutory and operational objectives.

This is done by:

supporting and driving effective risk management and decision making

improving and embedding FCA–wide risk and compliance awareness and understanding

promoting continuous improvement through quality assurance and lessons learned reviews.

This is an important and exciting role, at a crucial time for the FCA. It will be pivotal in enabling the organisation to rebalance risk and helping senior leadership understand and consciously act upon risk vs opportunity trade-offs.

The role holder will champion risk management at a senior level across the organisation, acting as a partner and critical friend in helping the organisation to continuously mature its approach to risk management. The incumbent will also be responsible for monitoring and reporting on the organisation’s risk profile and recommending ways for key risks to be managed.

The role will require liaison with ExCo, the Board and its sub-committees, key regulatory partners and other relevant external stakeholders. This is a visible, high-profile role with that will require great awareness and dexterity in liaising with stakeholders both internally and externally.

Responsibilities

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Strong problem solving, communication and influencing capabilities

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Exceptional stakeholder management skills, including demonstrable ability to influence senior leaders, both inside and outside the regulatory system.

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Strong analytical skills and the ability to balance creative challenge and pragmatism.

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Role model strong leadership behaviours in line with the FCA values and capabilities, and delivering cross-organisational priorities.

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Strong subject matter expertise in risk management and compliance, and in developing and operating associated frameworks in different contexts, including how they can support the strategy of an organisation

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Experience in reporting to and working with Board and Board Risk Committees

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Deep expertise in the three lines of defence model, with the ability to adapt this experience to a regulator if gained in another context

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Strong experience of using insights from second line of defence functions to inform and shape continuous improvement in the first line

Deep understanding of the political and wider external (including media) environment which the FCA is operating in

Experience of data protection and privacy issues

The FCA’s Values & Diversity

Our ambition is to create a diverse and inclusive workplace that reflects the society we serve, helping us to be a better regulator. We serve the public and our decisions directly affect the wellbeing of people, businesses and the UK economy.  So, our values matter. They represent the culture we aspire to every day, guiding our judgements, building trust and helping us to be ‘At our best’. 

The FCA is committed to achieving greater diversity across all levels of our organisation. Given this, we particularly welcome applications from women, disabled, and minority ethnic candidates, as under-represented groups. 

As an inclusive employer, we are open to considering flexible working arrangements, including job shares. Please inform your recruiter if you wish to apply for this role on a flexible basis. 

As part of the FCA’s on-going commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds or London offices. This means that as part of the application process you will be able to select your preference of which office location you would like to work from. 

Application Support 

We want to remove any possible barriers and are committed to providing a wide range of reasonable adjustments so that you can keep the focus on your conversations and be at your best.  

If you have an accessibility requirement, disability, or condition that means you might require changes to the recruitment process, please contact your recruiter to discuss this further. Our aim is to make you application as easy as possible, and your recruiter will be happy to work with you to make any necessary arrangements where possible. 

Benefits 

Our competitive benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle. You can this this allowance to purchase additional benefits such as dental or cycle to work, or you have the option to top up your base salary by taking this as cash. 

Core benefits that you will receive as standard are: 

30 days holiday per year plus bank holidays

Private healthcare with Bupa

A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age- up to 12% a month once you reach age 35)

Life assurance of eight times your basic salary

Income protection

Conflicts of interest  

All applicants to the FCA are required to demonstrate that they do not have other interests likely to conflict with their responsibilities as an employee of the FCA. You should declare any potential conflict of interest as early as possible in the selection process, and also disclose information or personal connections that, if appointed, might be open to misperception.   

Any potential conflicts of interest will not prevent candidates going forward to interview but may, if appropriate, be explored during the interview to establish how the candidate would address the issue(s) should they be successful in their application.   

Useful information  

The closing date for this role is 23:55 on 24th May

Selection will be via a two-stage interview and psychometric assessment

If successful, you will be required to obtain and retain SC Clearance.

This role will be based in London, Leeds, or Edinburgh.

We currently operate a hybrid working model, working a minimum of 40% in the office each month (50% for senior leaders). This way of working applies in our Stratford, Leeds and Edinburgh offices.  From September 2026, FCA employees will be required to spend a minimum of 50% of their working time in the office. Our Executive Director and Directors will be expected to be in a minimum of 60% per month.