Financial Conduct Authority (FCA) EmployAbility Graduate Programme 2019
- Actuarial




Start Date

October 2019

Stratford, London,UK


Two and a half years 


You’ll need to have attained in a 2:1 in a numerical degree and an A-Level (or equivalent) in Maths at grade B or above


a base salary of £34,000


Midnight, Sunday 24th March 2019

EmployAbility is delighted to be working with the Financial Conduct Authority (FCA) to offer disabled students and graduates the opportunity to apply for their Graduate Programme.

About 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 customers. Our ambition is to create a diverse and inclusive workplace that reflects the society we serve, helping us to be a better regulator. We’re looking for individuals from all backgrounds who subscribe to our values and want to make a difference. If our Actuarial Graduate Programme sounds right for you, we’d be delighted to hear from you. 


Programme Length: Two and a half years Programme

Type: Rotational

Our actuaries use their analytical and problem-solving skills and apply professional judgement, to support the FCA in creating a fair and more resilient financial system. The input of actuaries is crucial in helping us manage the risk of customer harm in traditional actuarial areas such as pensions and retirement income, general insurance and life insurance protection. In addition, we want to develop actuaries that understand the breadth of the FCA’s work in establishing more transparent relationships between financial services and their customers, building trust in financial markets and protecting vulnerable consumers.

You’ll join our team of actuaries in Pensions & Retirement Income (which is part of the Supervision Division). To develop your actuarial skills,you’llrotate through other areas for example, Retail Supervision, Strategy & Competition and Authorisations, and may also benefit from a secondment to the Bank of England. 

In your first six months, you’ll work with experienced actuaries to support and advise supervisory teams working with firms in the life insurance sector. You’ll need to develop the ability to respond proportionately to address risks that have crystallised, or to investigate proactively and mitigate areas of potential concern. There may also be opportunities to provide technical support to projects that cut across key issues in the life insurance sector, and to review major corporate transactions. 

To provide you with a broad experience of the FCA you’ll benefit from rotations in other teams which might include:

  • General Insurance, where you could find yourself supporting supervisory teams working with firms in the general insurance sector,including Lloyds of London
  • Asset Management, where you might find yourself assisting with the authorisation and supervision of collective investment schemes (CIS or funds)
  • Authorisations, where you could find yourself inputting to the assessment of applications for transfers of portfolios of insurance business between firms for reinsurance, insurance firms and Lloyd's managing agents
  • Policy,where you could find yourself supporting the development and assessment of regulatory policy on pensions accumulation and decumulation, and asset management and funds.

By the end of the Programme:

  • You’ll have a broad understanding of the UK financial services sector (particularly in areas such as pensions, life and general insurance, and asset management) and the key issues the sector faces.You’ll also have a good understanding of the UK regulatory system for financial services, and the range of toolsavailable to regulators to ensure fair and efficient markets for consumers
  • Have experience of applying actuarial techniques and judgements to understand and mitigate risks to consumers
  • Have experience of thinking through complex issues, identifying and articulating possible options that can be taken and applying professional judgement in recommending a specific course of action.


You’ll need to have attained in a 2:1 in a numerical degree and an A-Level (or equivalent) in Maths at grade B or above to be considered for the Actuarial Graduate Programme. 

Being an actuary involves solving complex problems and articulating them and their solutions clearly and simply. This is a role will suit somebody who’s highly numerate, logical and analytical. If this sounds like you, why not apply?


We’ll encourage and support you to study for professional qualification as a Fellow of the Institute & Faculty of Actuaries, as well as joining the FCA-wide Graduate Training Programme which will develop your interpersonal skills. 


At the FCA you’ll have the opportunity to make a difference. We offer allour graduates a competitive range of benefits, including:

  • a base salary of £34,000
  • career and family leave
  • a performance based bonus
  • flexible working options
  • a non-contributory pension
  • charity and volunteering initiatives
  • a minimum of 25 days’ holiday
  • sports and social clubs
  • private health care a subsidised
  • on-site fitness centre
  • free eye tests
  • a subsidised restaurant
  • interest-free season ticket loans

We’re proud to be a Stonewall Top 100 employer and we were recently awarded “Employer of the Year” at the Women in Finance awards. We’re also signatories of the #NoBystanders pledge and Disability Confidentscheme, which guarantees disabled people an interview if they meet the minimum requirements for a job vacancy.

We value the views of our people and listening to them is central to our success. This is why our staff network groups play such a significant role. They shape the environment we work in, the way we interact with one another and the way that we make our decisions.

We want our people to be engaged and productive while at work, so we’recommitted to creating an environment that enables you to do your best work while maintaining your other commitments. To support this, we offer flexible working arrangements, the opportunity to work from home, a number of career and family leave provisions, and generous annual leave so you can take time off when you need or want to.

The Application Process

Candidates apply through EmployAbility but each applicant is assessed against the FCA's core competencies and selected through the FCA's recruitment process. Successful candidates are hired directly on to the Graduate Programme and participate in every aspect of it.

If you have any extenuating circumstances or require further information about the scheme, please contact Justin Penney on +44 (0)7776 090 508 or email

This programme is now closed for applications.

Testimonials view more

The reassurance, coaching and assistance that EmployAbility provides is invaluable, and they have helped many candidates to realise their potential through our selection process.

Executive Director - Campus Recruiting, J.P. Morgan

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