The importance of regulation has never been greater. As the UK’s sole financial services regulator, the Financial Services Authority (FSA) works to maintain market confidence, target and reduce financial crime, and protect consumers.
By the end of 2013, the FSA will be replaced by two new regulatory bodies. These will carry forward our philosophy of outcomes-based regulation, intensive firm supervision and credible deterrence:
1. The Prudential Regulation Authority (PRA), a subsidiary of the Bank of England, will be responsible for promoting the stable and prudent operation of the financial system through regulation of all deposit-taking institutions, insurers and investment banks.
2. The Financial Conduct Authority (FCA) will be responsible for regulation of conduct in retail, as well as wholesale, financial markets and the infrastructure that supports those markets. The FCA will also have responsibility for the prudential regulation of firms that do not fall under the PRA’s scope.
To ensure a smooth transition, in April 2011 we made changes to our current internal structure – setting up the Prudential Business Unit (PBU) and a Conduct Business Unit (CBU) within the FSA.
This restructure of our working framework offers an exciting opportunity to make your mark in financial regulation. Wherever you are in your career, we have opportunities across our business for bright, ambitious people. From internships and graduate placements that take in the full breadth of the FSA’s responsibilities, to specialist programmes for IT, Economics, Risk and Management Accountancy – our structured development programmes will make the most of your talents and give you in-depth exposure to the UK financial industry.
In which areas of FSA. are you placing graduates?
Graduate Development Programme, Economics Programme, IT Programme, Management Accountancy Programme and Prudential Risk Graduate Development Programme.
What does a typical graduate rotation look like?
After an intensive induction to introduce you to our organisation, our
work, our aims and your peers, it’s straight down to business and an
allocation to one of our business areas. As your career progresses,
you will have the opportunity to experience different areas of the
business on rotations of 6, 12 or 18 months.
What are your application deadlines?
9th December 2011
Briefly describe the hiring process:
Please see the selection process on our our website for further details.
How much do you pay graduates?
The graduate starting salary is £29,000, with a £2,500 joining bonus and further performance-related awards.
London: 40-50 Edinburgh: 5
When are your application deadlines?
9th December 2011
How much do you pay interns?
What should interns know about you before applying?
The broad remit of the FSA means that we can offer diverse and unique internship roles that are not available in other organisations. As part of an internship programme, you’ll be assigned to one business project for 10 weeks. Being part of real business tasks, you’ll gain valuable industry experience, and build the foundations for your future career.