Associate Forensic Accountant - Enforcement - EMO
At the FCA, we're creating a fair and more resilient financial system. We're establishing more transparent relationships between financial services and their customers, building trust in financial markets and protecting vulnerable consumers.
The FCA's Enforcement function (part of the Enforcement and Market Oversight Division) is responsible for conducting investigations into suspected misconduct and, where appropriate, pursues and remedies misconduct by firms and individuals through criminal, civil and administrative sanctions and orders.
The Enforcement function aims to:
- Be a world leading function, with professional and motivated staff, taking the right cases that have a positive impact on the way financial services work.
- Promote the conduct that supports trusted, orderly and efficient primary and secondary markets.
We are seeking a number of Associate Forensic Accountant for our investigation teams with a background in any relevant discipline, including criminal law enforcement, regulatory enforcement, and commercial litigation or financial markets. There are vacancies in the following areas of Enforcement:
Retail and Regulatory Investigations focuses on regulated firms and their management and how they engage with consumers. Investigations cover a very wide range of issues including mis-selling, anti-bribery and corruption, money laundering, systems and controls failings and corporate governance failures. We also cover a broad range of financial markets including pensions, mortgages, general insurance, retail investment advice, retail and wholesale banking and consumer credit. Examples of recent case outcomes include corruption in the consumer credit market, financial crime failings, unfit individuals, pensions transfers misconduct and client money breaches.
Wholesale Department conducts investigations into regulatory breaches and criminal offences by firms and individuals operating in the wholesale arena. Typical cases include insider dealing, market manipulation, misleading statements and systems & controls failings in authorised firms. Examples of case outcomes include foreign exchange benchmarks, insider dealing convictions and redress for market abuse.
Unauthorised Business Department conducts investigations into firms and individuals who are not authorised under the Financial Services and Markets Act 2000. Typical investigations include the investigation of pyramid or Ponzi schemes, land banking, share frauds operated by boiler rooms and pension liberation schemes. Examples of case outcomes include: https://www.fca.org.uk/news/press-releases/alex-hope-and-raj-von-badlo-sentenced-following-fca-prosecution, and https://www.fca.org.uk/news/press-releases/fraudster-benjamin-wilson-sentenced-seven-years-imprisonment-following.
What does this job involve?
The key responsibilities of the post holder will be:
- Taking on differing degrees of responsibility for cases depending on their nature and complexity. This could range from running smaller cases with operational oversight, to working as part of a wider team on larger cases.
- Ensuring the effective progression of cases in order to reach timely outcomes.
- Overseeing the work of others where required and escalating issues to the Advances Associates and Manager as necessary.
- Preparing for, and presenting cases at, internal decision making committees when required.
- Building and maintaining effective working relationships with colleagues in other business areas within the FCA and with external bodies
- Drafting all forms of documents (including witness statements, the statutory notices, settlement papers, papers before the RDC and case update papers) and correspondence with subjects, their legal representatives and witnesses.
- Leading interviews of subjects and witnesses using compulsory powers, on a voluntary basis and under caution and recommending on when each format is appropriate.
- Carrying out detailed evidential analysis and making recommendations.
- Attending court to give evidence as required.
- Training and coaching staff when required.
- Obtaining evidence through the use of appropriate tools and powers.
What will I get from the role?
You will benefit by gaining an insight into the workings of the financial sector at a considerable time of change, with the opportunity to do meaningful work that makes a real difference. You will work on unique, interesting and often high profile cases and related enforcement action.
As an Academy business we place great value on your learning and we offer world-class development opportunities which will assist you in achieving your career aspirations. Our Academy offers you a range of opportunities for personal and professional development, including our MSC in financial regulation, Advanced Managers programme, sponsored study and more.
We're a signatory to the Government's Disability Confident scheme. This means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.
- Experience of investigations and/or litigation processes.
- Be CA, ACA or ACCA qualified (or a similar internationally recognised qualification), with at least 2 years PQE, including forensic assignments.
- Experience of drafting a wide range of documents and correspondence.
- Experience of communication with internal and external stakeholders, including subjects and parties to an action, and their legal representatives.
- Ability to assess and analyse complex, voluminous and data-heavy bodies of evidence, exercising judgement on the evidence and being able to defend those judgements where appropriate.
- Ability to take responsibility for making timely decisions based on relevant analysis.
- Experience of interviewing and taking witness statements, with a variety of witnesses
- Be able to identify key risks and demonstrate a creative approach to cases.
- Have a clear interest and enthusiasm for developing such knowledge.
- Experience in analysing information and evidence to reach conclusions and make judgements. Ability to present the outcome of that analysis clearly and effectively, orally and in writing.
- Advocates the FCA, EMO and the FCA mission, operating for the benefit of consumers.
- Act in an honest, open and transparent way, challenging when you see behaviour that goes against the principles of the FCA or EMO.
- Continuously seek out new and more effective ways to conduct your work, and feed this back to management.
- Work collaboratively as part of a team, valuing different perspectives and backgrounds, and working with other departments and divisions to minimise silos.
- Open to learning, challenge and change, and be prepared to be flexible to new tasks and responsibilities.
- Ability to exercise own judgements and defend those judgements where necessary and appropriate.
As an inclusive employer, we are open to considering flexible working arrangements. Please contact our recruiter if you wish to apply for this role on a flexible basis.
The job family for this role is L&F B and applications close on Sunday 26th November 2017.
Stage 1: On-line application, please submit your CV and state your preference of which department you are applying for e.g. Retail and Regulatory Investigations, Wholesale or UBD.
Stage 2: Screening - your application will then be forwarded to the recruiting managers.
Stage 3: Selection & assessment process (could be subject to change)
Retail and Regulatory Investigations & Wholesale - Technical and competency based interview.
UBD Case study with a technical and competency based interview.
For internal applications, please contact Eleanor Treacher on Eleanor.firstname.lastname@example.org if you have any questions about the role.
For external applications, please contact Tanzina Begum on Tanzina.email@example.com if you have any questions about the role.
This role will be based in London, Canary Wharf, with a planned move in 2018 to a new site in The International Quarter, Stratford.