Supervision, Policy & Competition Graduate Programme 2024 – Generalist Stream

At the FCA, we regulate the conduct of nearly 50,000 businesses in the UK to ensure that our financial markets are honest, competitive and fair.  Our ambition is to become a more innovative, more assertive and more adaptive regulator; one that fully capitalises on data and technology, ensures consumer protection and market integrity, and responds well to the challenges we face.  

We’re looking for bright, enthusiastic and values driven graduates to join our diverse and highly capable teams across the FCA.  

About the programme

Programme length

• Two years 

Programme type

• Rotational 

Bring your passion for problem solving and strategic thinking into the constantly evolving world of financial regulation.  

Supervision, Policy & Competition (SPC) oversees every business providing financial products and services in the UK. The work of SPC is vital in protecting customers and the integrity of the market by ensuring firms work ethically and to the highest standards. 

SPC is led by Sheldon Mills Executive Director for Consumer and Competition and Sarah Pritchard Executive Director for Markets & International. SPC is the largest division within the FCA and is responsible for: 

• Monitoring the sectors by reviewing and assessing business models, providing guidance and planning future changes 
• Delivering and integrating effective Policy insights into our competition and supervisory work - this helps to ensure markets function well and better enables us to identify and avoid consumer harm 
• Engaging with firms to ensure interests of consumers and integrity of markets is at the heart of their business 
• Exploring and analysing identified risks within firms through firm-specific and cross-firm work  
• Supporting diversity and inclusion across the industry 
• Ensuring firms behave appropriately when detriment arises 
• Prudential supervision of all firms not regulated by the PRA 
• Working with trade bodies, advisers and other third parties to help identify and communicate trends, and gauge the horizon of risks in the market 

You’ll have the opportunity to move around and develop a breadth of skills and experiences to help you progress your career. You could be reviewing business models and analysing identified risks, developing and delivering new policy proposals or engaging with firms to ensure they put consumers at the heart of their business and respond appropriately when detriment arises. You’ll complete 4 x 6-month rotations across our 12 SPC directorates as well as the opportunity to complete a rotation outside of SPC in your third rotation. 

Learning and development

As a graduate in Supervision, Policy and Competition, you’ll have the opportunity to study towards an Apprenticeship, Professional Qualification or enrol on a development pathway relevant to your graduate programme. We will also give you the support you need to develop your career at the FCA. 

What we look for

Our staff have diverse backgrounds, and no specific degree stands out as being essential for the Generalist stream. You’ll learn a lot on the job, so we don’t expect you to have a detailed regulatory knowledge, however, you should have an interest in governance. You’ll also need to be strategically minded, great at building strong relationships at all levels and be able to influence and persuade.   

What we offer

We’re committed to making the FCA a great place to work. We do this by: 

• Providing a rewarding environment, recognising that our people are motivated by meaningful work 
• Maintaining a strong commitment to diversity and inclusion, allowing people to develop and progress without barriers 
• Looking after the well-being of our people, ensuring that they are safe and well and appropriately cared for 
• Promoting an environment in which people are valued and respected 

Beyond this, we offer all our graduates a competitive range of benefits, including:  

• Base salary of £36,000   
• Flexible working options 
• Private health care 
• Career and family leave  
• Non-contributory pension 
• Charity and volunteering initiatives  
• Minimum of 25 days’ holiday  
• Sports and social clubs  
• Subsidised on-site fitness centre (London only)  
• Free eye tests  
• Subsidised restaurant  
• Interest-free season ticket loans.   

 Join us and make a positive change in financial services - we look forward to receiving your application! 

Please note

• We only accept ONE application per person for our 2024 programmes, therefore, please apply to your first-choice programme. Any additional applications will not be progressed.  
• For the 2024 Supervision, Policy & Competition Graduate (Generalist) Programme, submit your online application by Sunday 10th December 2023. However, we recruit on a rolling basis and therefore encourage early applications.  
• Applicants must have obtained or be on track to achieve a minimum 2:1 degree from any university.  
• Applicants for the 2024 graduate programmes must have graduated or be in their final year of study.  
• Your application and any work you submit throughout the recruitment process must be all your own. You will not allow another person to complete any parts of the assessment nor submit responses provided or generated by an AI assistant or other similar software.