Financial Conduct Authority

The FCA was created by Parliament in 2013 as the regulator of the conduct of financial services in the UK. Our remit is broad. We regulate over 56,000 firms that undertake a wide range of financial activities, including 18,000 firms we regulate prudentially.

From providing financial advice to arranging capital investment, the range of these activities shows how important financial services are for the UK economy and everyone in it. Parliament has given the FCA a single strategic objective – to ensure that relevant markets function well – and three operational objectives to advance:

  • Protect consumers – to secure appropriate protection for consumers
  • Integrity – to protect and enhance the integrity of the UK financial system
  • Promote competition – to promote effective competition in consumers’ interest

Our Mission

As a public body our aim is simple: to serve the public interest by improving the way financial markets work and how firms conduct their business. By doing this, we provide benefit to individuals, businesses, the economy, and so the public as a whole.

To deliver our objectives, Parliament has given us a range of tools. It has also given us independent powers to make decisions about how best we should use these tools. We can use them to serve the public interest in different ways, but we must be targeted when we decide when, where and how to act Effective regulation relies on consent, trust and confidence from the public, consumers and the firms we regulate, to ensure our powers are used consistently, transparently and proportionately.

When we make regulatory judgments, we aim to be transparent about how we reached them. We must also make clear not just the benefits of regulation, but also the costs.

Why our work matters

The 2007/08 global financial crisis showed us the importance of regulation in today’s globalised financial world. It showed the impact of financial services on people, businesses and economies and how the actions of businesses and regulators can impact the stability of markets worldwide. At the FCA, we’re working to minimise the risk of such crises reoccurring, and ensuring that firms are better prepared to deal with these situations.

A competitive, healthy, transparent financial industry ultimately benefits everyone in society, and helps to protect the prosperity and security of future generations.

Our culture

We value differences in our people and use these to make us a stronger and more effective regulator. Diversity of thought and approach plays a key role in how we meet our objectives. We are committed to fostering an inclusive working environment where difference is embraced and people feel valued and respected.

As part of our ongoing commitment to diversity and inclusion, we work closely with a number of external bodies to drive our agenda forward. In particular we work in partnership with Elevation Networks who are an award winning youth employment charity that seeks to develop the leadership potential of young people from underrepresented demographics. Each year we run a Spring Week programme inviting first-year female students from BAME backgrounds to discuss our organisational culture and values. We are also signed up to the Cross Organisational Mentoring Circle programme in collaboration with Business in the Community. This programme offers us the opportunity to champion members of the race equality programme from Business in the Community.

Our people

At the FCA, our staff are highly talented and come from a range of backgrounds and disciplines. Working as a team, we draw on our technical knowledge and experience to inform decision making and help us achieve our objectives, gaining industry, academic and public recognition for our successes. To find out more about our people, please click on the video below:

EMPower Ethnic Minority Leaders list

Therese Chambers, Director of Strategy, Policy, International & Intelligence, Enforcement & Market Oversight (EMO) Division, has been ranked among the 2017 EMpower Ethnic Minority Leaders list, presented by the Financial Times.
Therese’s career at the FCA has encompassed a number of roles within Enforcement Market Oversight (EMO), rising from Associate to Director. Over the course of her career she has been involved in some of our most high profile enforcement. She now has wide-ranging responsibilities supporting EMO’s strategy, encompassing EMO’s key specialist functions which underpin the work of the entire Division.

A committed supporter of Black, Asian and Minority Ethnic issues, Therese is the FCA’s Race Champion, sponsors ‘Spectrum’, BAME network group, and sits on the Executive Diversity Committee. In these roles Therese has played a key role in driving forward our adoption of a BAME Action Plan, targeted at improving the career progression of BAME colleagues. Additionally, Therese participates in the Cross-Organisational Mentoring Circles scheme operated by Race for Opportunity as a Lead Mentor, as well as mentoring a number of BAME colleagues here at the FCA.

Early careers

“Our graduates have a bird’s eye view of financial services, both in the UK and internationally. You’ll experience time in multiple parts of the FCA, benefiting from a range of experiences and growing your internal and external networks.”

Graduate programmes – To give you the exposure you need to excel, our two-and-a-half year graduate programmes are made up of multiple rotations and an external secondment.
You’ll spend your first two years experiencing different parts of the FCA and growing your
networks. At the same time, you’ll be collaborating with teams in your business area, honing your
skills and technical knowledge and developing a real insight into financial services. You’ll round out
your experience with a final placement in industry.

Find out about the different programmes available to our graduates:

  • Business and Technology Solutions
  • Enforcement & Market Oversight
  • Supervision
  • Economics
  • Strategy and Competition

Summer internships – Our summer internship is your chance to work and learn alongside industry experts, giving you everything you need to decide whether a regulatory career is for you. If successful, you could also be offered a place on one of our graduate programmes for the following year.

Apprenticeships – Our apprenticeships offer you a 14-18 month opportunity to take part in key aspects of our day-to-day work, develop new skills and gain an industry leading qualification while you earn. We look for passion and integrity as well as ambition and aptitude. We don’t require you to have previous work experience, but you will need to have attained 5 GCSEs (A-C) and 2 A Levels.

To find out more about our graduate programmes, summer internships and apprenticeships,
please visit our Early careers website

We have a unique view of the financial services industry that allows us to explore how markets and consumers interact, and how to identify emerging trends or risks.

We’re not just looking for people with a background in financial services, we recruit people from a wide range of professions; from economists to lawyers, finance to HR, IT to communications and beyond. There are a variety of opportunities available with us, and a number of business areas that could benefit from your experience.

To search and apply for roles at the FCA, please visit our Careers website