Senior Data Scientist

  • Job Reference: 473433122-2
  • Date Posted: 15 January 2022
  • Recruiter: Financial Conduct Authority
  • Location: London
  • Salary: On Application
  • Sector: Management & Supervisors
  • Job Type: Permanent

Job Description

Senior Data Scientist

The Role

There are few jobs where you can make a real difference to the 40 million consumers of financial products, the 2 million people who work in the UK Financial Services industry, and the stability of our economy as a whole. The FCA has three objectives. It is responsible for:

  • Ensuring that markets operate with integrity;
  • Promoting effective competition; and
  • Protecting consumers of financial services.

The Retail Banking & Payments data science unit (RB&P DSU) supports the work of supervisors across three firm portfolios:

  • Retail Banks
  • Payment Institutions
  • E-money Institutions

The RB&P DSU is one of the seven DSUs that were set up in early 2020 to support the business with their data science needs. The team is embedded in the Sector team, working closely together to support FCA's ability to proactively identify harm in the RB&P markets. We work with data science units across the FCA to collaborate on common problems and share knowledge and best practice in the use of data and analytics.

What does the role involve? What are the key responsibilities?

As a Senior Data Scientist, you will be acting as a technical lead to use data science techniques to provide solutions for colleagues across the Retail Banking & Payments division, to help improve efficiencies, deliver clear, joined up insights and to advance our ability to proactively identify harm. A key element of the role will be working with sector experts to understand and deliver business value through the application of advanced analytical techniques. Consistent with our data strategy, you will also be at the forefront of driving and embedding cultural change throughout the organisation regarding data and analytics.

You will work as part of a team of data scientists and business experts to deliver tactical and strategic improvements to the organisation's existing data capabilities. You will be expected to deliver analytical output that can be easily understood by non-technical internal clients that meets business needs quickly and effectively. You will also be required to have a quality assurance focus to ensure the safe design, development and deployment of analytical tools and techniques.

Drawing on your skills and experience you will act as a mentor for junior members of the team, to help them develop their technical capabilities and ability to solve problems quickly and economically. You will also engage with the data and analytics hub and other Data Science Units to leverage and reuse knowledge, skills and capabilities already within the wider FCA. You will also promote the use of data science across the FCA and drive thought leadership in advanced analytics in a regulatory context.

Skills/Experience Required


We're a signatory to the Government's Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, should they meet the minimum criteria for a role. A minimum criterion needs to be measurable from reviewing a candidate's CV. Exceptions may apply if due to the volume of applications we are not able to interview all eligible candidates who qualify under the scheme.

  • Degree or equivalent in data science, mathematics, engineering, statistics, computer science or related field.
  • At least 2 years experience applying data science techniques and methods to practical business problems in the private or public sector.
  • Experience mentoring staff and collaborating with non-technical stakeholders to deliver strong results.

  • Ability to use knowledge of core data science techniques to solve analytical problems, improve operations or advance our ability to proactively identify harm.
  • Good fluency with scripting in Python, demonstrating and knowledge of machine learning and visualisation libraries.
  • Familiarity with a handling large data sets and use of a query language (e.g.SQL).
  • Keen problem solver with ability to diagnose problems and suggest solutions with little supervision.
  • Ability to build good relationships, solve problems pragmatically and display strong interpersonal skills.Ability to work well in a team where members come from diverse backgrounds and have different areas of experience and expertise, both technical and non-technical.
  • Proven ability to present highly technical information and conclusions through straightforward logical stories that enable business areas to make informed choices.
  • Self-starter with ability to prioritise and deliver to a high standard and exercise sound judgement in decision-making, delivering excellent outcomes, with the flexibility to change priorities when required.
  • Aptitude and willingness to learn and apply new tools and techniques quickly.
  • Desire to deliver practical insights to help the way we regulate.

  • Proven experience in developing and deploying a range of Machine Learning techniques (supervised and unsupervised learning).
  • Experience of querying and analysing data from relational databases and understanding of data models, data dictionary and data taxonomies.
  • Hands-on experience of visualisation techniques and dashboarding tools(e.g.Tableau).
  • Ability to summarise results and produce reports to a high standard, an interest in conducting research, taking into account relevant academic publications and translating these into practical business applications.

About the FCA

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 Values & Diversity

Our ambition is to create a diverse and inclusive workplace that reflects the society we serve, helping us to be a better regulator.

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.

Useful information

  • The job family for this role is graded Senior Associate TS-D/Data Scientist.
  • The salary range will be £45,000 to £62,000 plus a competitive benefits package and non-contributory pension.
  • Applications close 16th January

  • CV's will be reviewed and shortlisted W/C 17th January.
  • Assessment/Interview stage to take place thereafter.

Selection Process (Subject to Change):

  • Stage 1 - Please submit your CV via the online portal
  • Stage 2 - Screening - Your application will then be forwarded to the recruiting manager
  • Stage 3 - Technical assessment
  • Stage 4 - Interview with recruiting manager.

Please note, applications must be submitted through our online portal. Applications sent via email will not be accepted.

Additional Information

  • We are currently consulting with colleagues about changes to our grading, pay structure and benefits. We're proposing a move to a more consistent and simpler approach that supports our changing role, accelerates career development, and better incentivises strong performance
  • The proposed changes will also ensure that we are able to continue to offer one of the best employment packages of any regulator or enforcement agency in the UK.
  • The consultation opened on 21 September and finishes on 20 December 2021. We will finalise the changes in February ahead of implementing from 1 April 2022. Those joining before 20 December will be able to participate in the consultation.
  • If you have any questions about what this might mean for you, speak to your recruiter.