Senior Prudential Policy Associate

Job Title: Senior Prudential Policy Associate

Division: Supervision, Policy & Competition

Department: Financial Resilience

Salary: National (Edinburgh and Leeds) ranging from £52,400 to £80,600 and London from £57,700 to £88,600 (salary offered will be based on skills and experience)

Grade: Senior Associate - Regulatory

We regulate financial services firms in the UK, to keep financial markets fair, thriving and effective. By joining us, you’ll play a key part in protecting consumers, driving economic growth, and shaping the future of UK finance services.

The Supervision, Policy & Competition (SPC) Division oversees firms and individuals (supervision), creates and reviews the rules by which they operate (policy) and identifies and remedies ineffective competition in markets (competition).

Within SPC, the Prudential Policy team (Specialists Directorate) develops, implements, and maintains prudential regimes for over 46,000 FCA‑regulated firms. The team develops and maintains prudential regimes including IFPR/MIFIDPRU, MIPRU, IPRU, and prudential requirements for payments, e‑money and cryptoasset firms. The team works closely with Supervision and other FCA functions to support firm‑level assessments and strengthen financial resilience across the sector.

This is a policy role for an experienced prudential specialist. You will support the development/enhancement of high‑impact prudential policy, exercise significant regulatory judgement, and shape how prudential standards are interpreted and applied across FCA‑regulated firms.

• Support the design, review, and enhancement of FCA prudential regimes, including IFPR/MIFIDPRU, MIPRU, IPRU, and prudential standards for payments, e‑money and cryptoasset firms
• Conduct deep qualitative and quantitative analysis of prudential risks, capital and liquidity adequacy, and firm behaviour to inform policy decisions and senior leadership advice
• Monitor market developments, supervisory feedback, and emerging cross‑sector risks, translating these into proportionate policy responses
• Engage extensively with Supervision, Enforcement, Data, HM Treasury, industry bodies and firms, including leading consultations and representing the FCA externally
• Provide technical advice and briefings to senior management, support colleagues across the organisation with interpretation and application of policy and offer guidance to firms on compliance with new or amended rules
• Support management of multiple work streams, ensuring timely delivery of policy outputs, identify dependencies and risks, and propose practical solutions

• Experience in prudential regulation or prudential risk management within a financial services regulator or a prudentially regulated firm (e.g. investment firm, bank, payments or e‑money firm)
• Strong working knowledge of prudential frameworks, with deep expertise in one or more of:
  Basel standards (CRR/CRD), IFPR, payments and e‑money regimes, ICAAP, ILAAP or ICARA

• Demonstrable experience assessing capital adequacy, liquidity risk, stress testing and risk management frameworks (e.g. ICAAP, ILAAP, ICARA)
• Strong understanding of risk management frameworks, including either operational, market and liquidity risk management
• Ability to rapidly develop expertise, set direction on complex issues, and deliver high‑impact initiatives with limited oversight
• Excellent written and verbal communication skills, with the ability to present complex prudential, regulatory and policy issues clearly and persuasively to senior internal and external stakeholders

• 25 days annual leave plus bank holidays
• Hybrid model where employees work a minimum of 40% in the office each month (expectation of 50% for senior leaders). Changing from September to a minimum of 50% in the office each month (expectation of 60% for Directors and Executive Directors)
• Non‑contributory pension (8–12% depending on age) and life assurance at eight times your salary
• Private healthcare with Bupa, income protection, and 24/7 Employee Assistance
• 35 hours of paid volunteering annually
• A flexible benefits scheme designed around your lifestyle

We’re proud to be a Disability Confident Employer, and therefore, people or individuals with disabilities and long‑term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. In cases of high application volumes we may progress applicants whose experience most closely matches the role’s key requirements.