Compliance & Risk Officer Apprentice at FCA

Start Date:
2018
Location:
London
Programme Type:
Apprenticeship - Advanced Level (Level 3)
Salary:
£19,950 annually
Review Date:
May 2019

Review Score

6 /10

1. Please give an overview of your role and what this involves on a day-to-day basis:

6/10

Market Monitoring of London Stock Exchange FTSE/Premium Listings, AIM, Depository Receipts, Standard Listings. Delayed and Unlawful disclosure of Inside information, Market Abuse and Manipulation. Prospectus and Circular Content and Perimeter, Multilateral Trading Facility, PDMR Notifications, Voteholder and Major Holdings Notifications, Thematic Review Work.

2. Have you learnt any new skills or developed existing skills?

7/10

Equity Capital Markets, IPO, Bloomberg Terminal, Trading on London Stock Exchange, Primary Markets.

3. To what extent do you enjoy your programme?

7/10

Team is amazing, My Boss is amazing, Work is amazing, Training opportunities inside the organisation are amazing, the Organisation itself is Amazing, The experience with the Trading Provider is terrible, prepare for useless tasks no one really needs. By and large you and your line manager are left alone to plan and develop your 20% off the job training. I do not believe services provided by the Training provider are of the good quality and provide a reasonable value for money.

4. How well organised/structured is your programme?

4/10

You and your line manager are left on your own to plan your 20% off the job training.

5. How much support do you receive from your employer?

7/10

FCA Academy is good, Management is good, but nor me nor my manager know whether I would be offered a permanent position in the team after the apprenticeship.

6. How much support do you receive from your training provider when working towards your qualifications?

4/10

See Above

7. How well do you feel that your qualification (through your training provider) helps you to perform better in your role?

4/10

The qualification is not applicable to our work at all. I work in market oversight and I had to do a compliance qualification, which has absolutely nothing to do with my duties, I work with Capital Markets and do not encounter compliance officers from firms at all. FCA employs the vast majority of apprentices as compliance and risk apprentices, but non of us (except of some functions in supervision) do compliance. Some of us are Intelligence Officers, Policy-Thematic Review writers, forensic investigators, etc. [This section of the comment has been removed by a member of the RateMyApprenticeship Team because it did not meet our site terms and conditions]

8. Are there extra-curricular activities to get involved in at your work? (For example, any social activities, sports teams, or even professional networking events.)

9/10

FCA offers many social activities, I signed up for Chess Club, Martial Arts, Yacht Club. We also have tennis club, golf tournaments. With my team we went to the escape room, pub quiz and many more.

9a. Would you recommend FCA to a friend?

Yes

9b. Why?

In a regulator, every day is different I get the praise & recognition. My team are amazing people. But sometime just like in real life you may encounter unpleasant employees, bureaucracy/paperwork and dysfunctional processes

10. What tips or advice would you give to others applying to FCA?

Understand the macro scope of the functions carried by FCA, its statutory duties, how FCA differs from other regulators or from other companies in the financial sector, conflict of interest. And remember there will be always another regulator, try Bank of England, HM Treasury, FRC, PRA and etc, never put all the eggs in one basket

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