I was not allocated to one specific project for the duration of the internship, and instead had a number of pieces to work on. This would vary from spreadsheet and document saving work to writing project proposals, attending job-specific trainings and reviewing documents and writing summaries to give on to a manager. There was also frequent opportunity to sit on meetings with more senior colleagues.
I worked in the Competition Economics Department on a market study. I took part in weekly team meetings and helped with odd tasks, including writing briefings for senior figures in the FCA. I was assigned my own area of responsibility too, researching and writing papers on topics such as Open Banking and Deferred Payment Credit (DPC). In my spare time, I worked on a community project and learnt R programming through LinkedIn Learning.
Working in a small team of about five to six people within the supervision department. Tasks including taking notes at external meetings, drafting communications, and researching cases. I had responsibility for smaller tasks within larger projects such as collating information or completing spreadsheets and interacted closely with the team to complete this work. There was also a community project I worked on with other interns throughout the 10 weeks. There was also time set aside for training and networking.
My role in the EU Strategy and Engagement team involved monitoring EU authorities, attending online speaker events and European Parliament hearings, doing research for briefings for senior leadership speeches, assessing EU jurisdictions for their regulation (now Brexit has happened), tracking and logging international supervisory requests and going through European Commission consultations to see who the FCA's allies might be on asset management delegation.
As an associate in the Authorisations department, I was involved in the registration of firms. Specifically, I helped with the processing of applications from crypto firms under 5MLD. In an effort to make the FCA more efficient, certain tasks that used to be outsourced have now been brought in-house. I was partly responsible for carrying out those tasks. The initial checks that I carried out were used to consider whether firms were fit and proper.
The insight was split into 2 days. The first day involved learning about the various divisions within the Financial Conduct Authority through presentations given by employees. For example, talks from FCA employees within the Wholesale Enforcement and Market Oversight divisions. The first day also featured guidance from FCA graduates on how to tackle the assessment centre on day 2. The second day was the assessment centre consisting of: a written activity, a 45 minute interview and case study style activity.
Learning about the FCA and its role in the Financial Services, with welcomes from senior members of the team. We then learned about different stages of the Assessment Centre and how to do well in it, before the Assessment Centre was held on the second day.
The spring internship overall was a very insightful experience full of useful information about the regulator, panels with carefully selected employees in both senior and junior positions and personal development sessions. We were able to take part in a real assessment centre on the second day that included presenting to a manager for a chance to get on the 10-week internship at the FCA. We received useful feedback on the third day with personal and career development tips also. My desire to join the public sector within finance services has increased.
Listening to a panel of black women talking about their experiences whilst working in the FCA and within the financial services industry. Different talks about interviews, CVs and cover letters. Able to attend an assessment centre as well and was given feedback on our performance
Day 1: An introduction to the FCA and a chance to speak to other employees at the FCA. At the end of the day, we were given a breakdown of how the assessment centre will be done Day 2: Assessment centre - a written assignment, an interview and a brief Day 3: Assessment Centre reflections and personal development session
The first day included networking with different black women in the FCA and also sessions on how to succeed at the assessment centre stage. The second day included an assessment centre which could possibly lead to an internship for next summer. The third day is mainly about personal development and assessment centre reflection.
First day was a welcoming and introduction day and prep for the assessment centre on day 2. Second day was the assessment centre that lasted for 4 hours it included a written assessment, interview and presentation. Third and final day was rounding up, general feedback on tasks, panel and next steps.