Prudential Policy Lead

Prudential Policy Lead (Lead Associate – Regulatory)

Division:
Supervision, Policy & Competition

Department:
Financial Resilience

Salary:
National (Edinburgh and Leeds) ranging from £59,100 to £90,800 and London from £64,900 to £99,700 (salary offered will be based on skills and experience)

Relationship:
External Recruitment Contact – Shafika Shaikh (). Internal Recruitment Contact – Isabelle Groves (). Applications must be submitted through the online portal; social media or email applications will not be accepted.

The FCA regulates financial services firms in the UK to keep financial markets fair, thriving and effective. 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).

The Prudential Policy team (Specialists Directorate) develops, implements, and maintains prudential regimes for over 46,000 FCA‑regulated firms. The team works closely with Supervision and other FCA functions to support firm‑level assessments and strengthen financial resilience across the sector.

This senior policy role requires leading the development/enhancement of high‑impact prudential policy, exercising significant regulatory judgement, and shaping how prudential standards are interpreted and applied across FCA‑regulated firms.

• Lead the design, review, and enhancement of FCA prudential regimes, including IFPR/MIFIDPRU, MIPRU, IPRU, and prudential standards for payments, e‑money and crypto‑asset 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 with interpretation and application of policy and offer guidance to firms on compliance with new or amended rules.
• Manage multiple work streams, ensuring timely delivery of policy outputs, identifying dependencies and risks, and proposing practical solutions.
• Review and assure the quality of work of junior staff members, provide structured feedback and training, help build a high‑performing team, and line‑manage 1–2 team members.

• Significant 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.
• Proven ability to lead and deliver multiple high‑profile, long‑term work streams, balancing competing priorities, tight deadlines, and resource constraints.

• 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.
• Senior‑level judgement and autonomy, with the 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 with up to 60% remote work.
• 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…