Financial Conduct Authority Assessments

18 tests |
201 questions

The Financial Conduct Authority is the conduct regulator for 58000 financial services firms and financial markets in the UK

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FCA’s work makes a real difference to the lives of millions of people across the UK and helps ensure confidence in financial markets.

Financial Conduct Authority Application Process

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Online Application
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Online Tests
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Interview
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FCA Aptitude Tests

FCA Situational Judgement Tests

The situational judgement test presents you with a series of challenging scenarios that one might encounter in the workplace and then a number of possible responses to the scenario. You then chose which one you feel is the best way to describe how you would react. As with the rest of the tests you will be timed and so it is important that you read the information properly and not rush. You may be asked to sit these again at the assessment centre.

FCA Numerical Reasoning Tests

This comprises of a series questions to be answered within a specific time which will vary from company to company. They relate to graphs, percentages and tables whereby you will be asked to analyse data and choose from a set of multiple choice answers. Due to numerical reasoning tests being timed it is highly advisable to practice these as much as possible in order to find the right balance when juggling the time restriction. You may be asked to sit these again at the assessment centre.

FCA Diagrammatic and Logical Reasoning Tests

The logical and diagrammatic reasoning tests comprise of questions relating to sequences of shapes and patterns. In each question there will be a missing step and you will be provided with a number of answers to choose from. These are designed to test your logical reasoning as well analytical and problem-solving skills. You may be asked to sit these again at the assessment centre.

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FCA Group Exercise

This type of exercise is designed to test your people skills and how you work within a group. You will be required to work within a group to solve a problem or answer a question that is provided by the assessors. For the group exercise you’ll be placed in groups and will be assessed on how you interact. Make sure to find a happy balance between being dominating and passive. The assessors are looking for someone who can contribute but not take over.

Practice Aptitude Tests is not associated with Financial Conduct Authority. We provide preparation services for Financial Conduct Authority psychometric tests. Our tests are not designed to be identical to any style, employer or industry. Visit https://www.fca.org.uk/careers/search-jobs-apply to find out more.

Sample Financial Conduct Authority (FCA) Tests question Test your knowledge!

Score: /5

If an investment fund's value increased by 20% in the first year, decreased by 10% in the second year, and increased by 15% in the third year, what is the total percentage change from the beginning of the first year to the end of the third year?

23.2%
20.0%
25.5%
27.0%

You are a financial analyst reviewing the quarterly revenue reports. If the revenue in Q1 was £5.2 million, in Q2 it was £6.5 million, and in Q3 there was a 10% decrease compared to Q2, what was the revenue in Q3?

£5.85 million
£5.2 million
£6.5 million
£7.15 million

During a compliance review, it is observed that certain financial statements do not align with the recently updated regulations. Based on this, what should be the initial step in the compliance officer's protocol?

Revise the financial statements to reflect the correct information.
Report the discrepancy to the appropriate regulatory authority.
Disregard the discrepancy as a minor issue.
Terminate the employee responsible for the oversight.

If the investment portfolio showed returns of 5%, 7%, and 4% over three consecutive years, what was the average annual return across the three-year period?

5.33%
4.00%
6.00%
5.50%

In preparation for a regulatory audit, how should a financial manager prioritize tasks to ensure full compliance?

Conduct a risk assessment to identify and address areas of non-compliance.
Focus on the most recent transactions only, as they are most relevant for an audit.
Assume compliance with past reports and prioritize new policy implementation.
Postpone the audit until the team can ensure compliance in all areas.

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Financial Conduct Authority (FCA) Tests Tips

1Familiarize Yourself!

Don’t let the test format throw you off your game. Spend quality time with Practice Aptitude Tests getting to know the lay of the land—this means the structure, timing, and types of questions. Being comfortable with the format can shave off precious seconds and calm those nerves.

2Practice Under Time Pressure

These tests aren’t just a walk in the park; they’re a sprint. Time management is key, so when you’re practicing, always keep an eye on the clock. Learning when to move on from a question is just as important as answering it correctly.

3Understand the Why

Sure, you might guess your way to a correct answer on occasion, but understanding the reasoning behind it solidifies your skills. When reviewing answers, make a point to understand why an answer is correct—this will improve your ability to tackle similar questions in the future.

4Keep Your Cool

Test jitters can be the downfall of many. Develop a calm test-taking strategy with breathing techniques or positive self-talk. Entering the test with a cool head can mean the difference between a flustered guess and a thoughtful response.

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Financial Conduct Authority (FCA) Tests FAQs

What are the FCA tests?

The FCA tests are part of the hiring process, evaluating candidates on skills and knowledge crucial for roles in financial markets. They likely include numerical reasoning, problem-solving, and comprehension assessments.

Are the FCA tests hard?

The difficulty of FCA tests can depend on your skills and experience in the financial sector. They’re designed to challenge candidates and identify strong analytical thinkers who can perform well in high-stakes financial environments.

How do I prepare for FCA tests?

The best way to prepare is by practicing. Here at Practice Aptitude Tests, we offer a plethora of practice tests that simulate the FCA’s assessment environment to give you a head start.

How long does the recruitment process take at FCA?

The recruitment process duration can vary, but being thoroughly prepared can help you progress without delays. Stay in touch with FCA representatives for updates and timelines.

What are FCA's core values?

FCA’s core values are centered around integrity, openness, and fair markets. They seek individuals committed to making a positive, trustworthy impact on financial practices and market confidence.

Reviews of our FCA tests

What our customers say about our FCA tests

said chitembwe

Kenya

April 28, 2023

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It was awesome, motivating and really speeding up my ability to think and analyze keenly to problems so as to find real solutions.
Olik asanwa

United Kingdom

October 01, 2021

You have to be very quick when answering

Questions got harder as you go along which is good. You have to average 1 min / question which is very hard to do especially since the ones at the end take much longer than 1 min to work out

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