Description
Job Title: Consumer Credit Case Officers - Part Time
Salary: £21 to £24K Pro rata
Location: Canary Wharf
Steria delivers business process services and is the Trusted Transformation Partner for private and public sector organisations across the globe. By combining in depth understanding of our clients' businesses with expertise in business process services, we take on our clients' challenges and develop innovative solutions to address them efficiently and profitably. Through our highly collaborative consulting style, we work with our clients to transform their business, enabling them to focus on what they do best. Our 19,000 people, working across 16 countries, support the systems, services and processes that make today's world turn, touching the lives of millions around the globe each day. Founded in 1969, Steria has offices in Europe, India, North Africa and SE Asia and 2012 revenue of €1.83 billion. Over 20%(*) of Steria's capital are owned by its employees. Headquartered in Paris, Steria is listed on the Euronext Paris market.
(*): including "SET Trust" and "XEBT Trust" (4.15% of capital)
Role Overview
This is an excellent opportunity to join Steria on part of a once in a generation change in financial services regulation and shape the workings of the financial sector at a time of considerable change and experience a unique insight in to the integration of Consumer Credit into the FCA's regulatory regime. The FCA will be assuming responsibility for the regulation of Consumer Credit from the OFT from 1 April 2014 and we are offering opportunities to join a dedicated team of professionals to be at the forefront of the integration of Consumer Credit firms into the FCA.
The Authorisations Division is responsible for the "gateway" into financial regulation through effective assessment and processing of:
" Applications for FSA authorisation, variation of permissions, cancellations and approved persons;
" Applications in respect of change in control, collective investment scheme authorisation and waivers;
" Passport notifications and transfers of business; and
" Registration of mutual societies
The Permissions Department within Authorisations is responsible principally for the effective assessment of applications for FSA authorisation, variation of permission and cancellation. We employ a risk based decision making process to ensure the appropriate regulatory decision is taken. Applications are dealt with across both retail and wholesale businesses and for all sizes of firms.
What does this job involve?
We are looking for Graduates to work a minimum of 2 days per week with the flexibility to work more. You will manage and process a range of routine cases, working with the FCA rules and procedures and escalating exceptions to rule through the FCA's allocated governance channels. This must be while adopting a fair and efficient process and providing good service. You will be:
Responsible for a portfolio of Consumer Credit authorisation applications.
Ensure decisions on your cases are taken in line with the regulatory framework, the FCA's objectives, our risk appetite and agreed service standards.
Escalate issues as appropriate.
Assess and challenge a firm's business model viability and assess the governance structure, systems and controls, products and sales processes that are proposed.
Deliver difficult messages where we judge that a firm is unlikely to meet the threshold conditions for approval or our fit and proper test, with a view either to them withdrawing or being managed through our refusal process using the appropriate regulatory committee.
Manage relationships including those with stakeholders.
Work closely with the firm until a decision is made on an application
This role also requires building and managing effective relationships with many other colleagues in the FCA and PRA, including Supervision, Policy and Sector Teams.
As part of your training you will initially deal with FSMA Authorisation applications from retail and wholesale firms. Successful applicants will need to pass a 3 week Training course followed by a one month probation period.
Essential skills & experience
Degree, preferably with Finance/Business Studies/Accounting
Knowledge of Consumer Credit activities a bonus or the ability to learn quickly;
Good regulatory knowledge
General understanding of a wide range of business models
The ability to make good risk-based decisions on the available information.
Excellent written and oral communication skills.
Manage stakeholders (internal and external) as well as the ability to build good relationships.
Good case management and strong analytical skills.
Confidence to present recommendations to senior FCA committees.
Strong team player with the ability to be flexible, solve problems practically as well as pragmatically and display strong interpersonal skills.Desirable
Consumer Credit experience
Previous similar experience in Banking/Financial
The successful candidates will be required to obtain UK security clearance.
On offer is the opportunity to work for a UK top 10 IT Consultancy and Service provider. The role comes with a competitive salary, the opportunity for further development and the potential for a wide and diverse career within Steria. Steria is committed to establishing and maintaining a working environment which is free from discrimination and which values all employees as individuals. All employees and prospective employees are selected, recruited, trained and promoted solely on the basis of their skills and behaviour.