City regulator on hiring spree as 200 set to join
The Financial Conduct Authority (FCA) expects to have 200 new joiners in the first quarter of the year amid a recruitment drive that has also recruited senior positions across supervision, competition and policy enforcement.
FCA executive director for markets Sarah Pritchard said the regulator had grown its team as it looked to strengthen the UK’s capital markets.
In January 60 people joined the regulator and the FCA expects “similar or increased levels” in both February and March.
Pritchard said: “We will be continuing to build our team of people. Job vacancies at the end of the last year in the UK were at a record high.
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“We are fortunate that our turnover has remained in line with pre-pandemic levels – and with new roles created through transformation you will see us continuing to hire at pace, attracting highly talented colleagues from private sector, public sectors and other regulators too.”
The FCA’s executive director for markets was speaking at The Future of UK Financial Regulation Summit, which took place this Tuesday in London.
The watchdog is facing strike action against proposed cuts to pay and conditions but Pritchard said the FCA offered one of the best employment packages of any regulator.
“As we evolve to become more innovative, assertive and adaptive, will continue to offer one of the best, if not the best, employment package of any UK enforcement agency or regulator and we look forward to continuing to build our people capabilities and our organisation as a whole by recruiting diverse talent, and supporting the career growth of our existing colleagues.”
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Over the past quarter, a number of senior leaders joined the regulator including government lawyer and litigator Stephen Braviner Roman who joined as the FCA’s new general counsel.
Pritchard revealed a new finance director will be announced shortly.
The regulator is recruiting for new senior leaders across supervision, competition and policy, and enforcement.
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