Financial Conduct Authority Employee Reviews

- A lot of responsibility for little reward - Poor on the job training - Inconsistent messaging from management - Inconsistent company culture across different departments - Huge disparity in pay within teams and across departments. The job is the job and people should be paid fairly equally.

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Associate

Associate (Current Employee) - London, Greater London - 30 August 2023

Very difficult to progress internally. Great flexilibility, work life balance but not fair recognition between colleagues. People get away with so much

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Amazing

Graduate (Current Employee) - Stratford, Greater London - 11 August 2023

Great benefits, salary and people. Managers care a lot about your wellbeing. Senior leadership team are very open and transparent. Friendly atmosphere.

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Good benefits, salary not competitive

Associate (Former Employee) - London, Greater London - 22 July 2023

Good work/life balance but hard to progress and bonus and salary is very low compared to the market. Management is usually good but it really depends. Need to do better with diversity and inclusion

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Poor benefits, poor culture, weak leadership...

Senior Associate (Current Employee) - London, Greater London - 8 May 2023

Not so new CEO and ExCo team are driving experienced staff out the door, particularly in Supervision, as result of taking a sledgehammer to Pay&Reward during a cost of living crisis; not responding in any meaningful way to staff survey results which were truly attrocious last year; stifling direct questions in townhalls; and presiding over a culture where we'd have serious misgivings were it firms under our direct supervision.

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Insights into Financial Conduct Authority

Based on 14 survey responses

What people like

Time and location flexibility

Areas for improvement

Sense of belonging
Support from manager
General feeling of work happiness

Productive and fun workplace

Anonymous (Former Employee) - London, Greater London - 3 May 2023

My experience of working at the UK Regulation has been great. People are very friendly and helpful. I do think there is still some work to do to improve the culture. Pros Great place to workInteresting work Insight into regulation People are friendly and willing to helpConsLack of training Inconsistent processes

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Great company into a positive change

Team Administrator (Current Employee) - London - 20 December 2022

Interesting, dynamic, impacting, deeply thought through. Many things can change to improve further, but isn't the change the sign an entity is alive?When the great Ethos will be achieved this company will lead unrivalled: absolutely worthy so to be part of the process.

Pros

2h WellBeing time at week that you can spend at the fab internal gym

Cons

A fast changing environment can be difficult to cope with

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Forward Looking Employer

Associate (Current Employee) - London - 15 November 2022

FCA actually walk the walk when it comes to diversity and inclusion.Salaries are reasonable and above national average.Hybrid working week with plenty of flexibility as long as you get the job done.

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Too much work load, doesn't match salary

Left organisation (Former Employee) - London - 14 September 2022

Too much work load, doesn't match salary. Had to work some weekends to catch up. But really good to work for as you get a wider exposure to the financial services industry

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Great place to work

Senior Associate (Current Employee) - Stratford, Greater London - 27 May 2022

Friendly environment to work in, easy to talk to employees at all levels of the organisation irrespective of your position. Senior members of staff are approachable and friendly, easy to collaborate with teams across the organisation. Roles offer challenging workstreams, great job satisfaction.

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Nasty work environment.

Senior Associate (Former Employee) - Stratford - 17 April 2022

Dog eat dog culture. Lots of ‘dead wood’ entrenched in senior management positions. The authorisations department is know to have a particularly ‘toxic’ culture.

Cons

Unhelpful, uncaring culture

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Unhappy Experience

Administrator (F.T.C) (Former Employee) - London - 13 April 2022

Minimal job shadowing and no formal training programme given at the start of employment, but was expected to be able to execute the job efficiently on par with a long term employee - tall order! Even more of a shocker, after being there a couple of months I was expected to take on additional specialist duties I was not qualified to do (in a paralegal capacity) Outcome: Long story short; had to receive Counselling from the experience.

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Nice office in london

Senior Associate (Current Employee) - London, Greater London - 14 March 2022

Room for progression if you know how to, work load is manageable very process driven In places. Team dynamics are good very nice people around the building.

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Too much change too quickly, poor progression prospects

Facilities Manager (Current Employee) - London - 9 March 2022

Worked here for 12 years. Organisational culture has changed for the worst over the past 5 years, lost its humanity, everyone is just a number. Poor progression prospects, lack of mentoring, too much instability and constant changes to structures and management creates a very uneasy, cold and unstable work environment.Work/life balance is good however.

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Not great, not bad

Associate (Former Employee) - London, Greater London - 5 March 2022

I love the work that we do. It is interesting and engaging. Job security is great. Colleagues are amazing. The pay isn't great. It is low and you will easily find better pay elsewhere. But it is also not unbearable (considering your circumstances).At the moment, staff morale is very poor. Definitely the worst in the 2-3 years I have worked here. Many have left and there may be many more once there is clarity on what the new changes being introduced will look like in real terms.

Pros

range of work, interesting, the colleagues, flexible working

Cons

workload, staff shortages, pay

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Great place to work

PA to Head of Department (Current Employee) - WFH - 15 January 2022

Very fast paced but very collaborative environment. Great networking opportunities and career development opportunities. Restructures are always tough but the company are trying to manage it well.

Pros

Pay Flexibility of work

Cons

Long hours

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Once upon a time….

Associate (Current Employee) - London - 11 January 2022

It was a good place to work once but now going down the drains. Hours are stretched and most teams are short staffed. Everyone is struggling but management doesn’t seem to care. There is no empathy for staff from management. Staff morale is at all time low due to recent pay cuts and the current transformation programme. I don’t see things getting any better given the transformation programme is going to last for next 3 years. I can only see more people leaving the FCA.

Cons

Long hours, low pay, no bonus, ridiculous management.

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Solid firm to work for

Associate Revenue Control and Business services (Former Employee) - East London - 6 July 2020

Interesting work. Given responsibility and feel part of the team. Flexible working hours. Great people. Beautiful office. Gym. Subsidised restaurant. Great view of London Near Westfield

Pros

office is fantastic, location accessible from most areas. Good work life bal

Cons

Stratford isnt the nicest area

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A Great Place to work because of the people that worked there

Supervisor (Supervision Hub) (Former Employee) - Stratford, Greater London - 7 May 2020

My Role at the FCA was always going to be a challenging one. The work culture was very dated and it took nearly 6 years to show any improvement. The reason why I stayed so long was, the people that worked there. They made the going into the office and the work itself a whole lot easier and more enjoyable. I was there for 9 years in total and that was because, although I didn't really enjoy the role, the people made up for it. Thankfully as I left things were starting to improve in terms of the Working Culture and environment so I think if your considering it, then go for it.

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Productive and fun workplace

Work Experience Student (Former Employee) - Economist - 24 April 2020

Enjoyed it all! Always kept busy with new and important work. Very technologically advanced, good monitor setups with a nice and healthy working environment.

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Productive and opportunities to develop skills

Paralegal (Current Employee) - London, Greater London - 3 April 2020

Great place to work, flexible working approach, opportunities to enhance skills. The management is very helpful. There is also a sense of job security and provides excellent benefits.

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