Address
Form of workSalary: National £49,700 - £61,500 and London £53,300 - £68,000 per annum – Salary offered will be based on skills and experience
Are you interested in joining a team that will help shape and deliver the future of Wholesale Policy at the FCA?
The team/department
We are looking for a Senior Associate role in the Market Conduct & Post Trade Policy team. You will join a dedicated team of policy professionals who are focused on shaping creative and evidence-based policy solutions that benefit consumers, markets and competition. We work collaboratively to solve problems and flexibly to delivery market integrity. We are committed to sharing our knowledge and encouraging new ideas.
This is a critical and exciting time to be closely involved in the shaping of the future policy framework for the UK’s wholesale markets in order to improve the functioning of the UK market and to respond to new challenges and issues. This role will provide unique experience of working in a dynamic environment at the heart of the FCA’s agenda for developing the UK financial market and will contribute directly to our successful delivery of our statutory objective of ensuring that markets work well.
The Capital Markets Department within the Supervision, Policy and Competition Division at the FCA is at the forefront of developing policy solutions in the wholesale markets, considering new policy tools within the evolving UK legal and regulatory framework and working with international partners to meet the FCA’s core objective of market integrity. We are at the forefront of delivering the FCA s three-year strategy in particular promoting competition and positive change.
What you will be doing
- Be at the heart of policy making as we collaborate with the Legal Division and other internal and external stakeholders on the Smarter Regulatory Framework and high profile workstream to support the Government agenda to lead innovation and efficiency in the UK markets including the Digital Services Sandbox and T+1 settlement.
- Ongoing implementation of the regulatory reform agenda with critical and creative thinking as the UK moves into a new phase of policymaking in wholesale markets
- Develop or have good knowledge of wholesale markets and products, and the UK regulatory framework and legislation that governs them
- Drive and support the internal presentation, and external consultation, on policy proposals, including full cost-benefit analysis and use of relevant data sets.
- Draft and present policy proposals to FCA Senior Management and deliver public consultation of proposals
- Engage effectively with key internal and other regulatory stakeholders, including HM Treasury, Prudential Regulation Authority, Bank of England, other international regulators and our independent panels, to communicate FCA policy views, influence others and manage key relationships
What will you get from the role?
This role is an exciting opportunity to work at the heart of policy in the FCA in a new and evolving area of policy. The role is best suited to those who are interested in working in a fast-paced, flexible environment.
As part of this role, you will have the opportunity to:
- Get significant exposure to UK capital markets, working closely with a wide array of stakeholders, include market participants, trade bodies and other regulatory and government bodies
- Play an important role in shaping wholesale markets in the UK at a time of significant change
- Gain exposure to FCA Senior Management, with periodic discussions at board level
Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle. You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option top up your base salary by taking this as cash. Core benefits that you will receive as standard are:
- 25 days holiday per year plus bank holidays
- Private healthcare with Bupa
- A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach age 35)
- Life assurance of eight times your basic salary
- Income protection
We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations
The skills and experience you’ll have
We are 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.
Minimum
- Experience of policymaking and the UK legislative processes
- Experience of working in a project delivery/project management role
- Experience of working in an analytical role in industry, legal and/or policy
Essential
- Evidence of analysing large amounts of complex information, identifying the key themes, drawing logical conclusions and developing and implementing strategies
- Ability to evidence and present key issues and recommendations to senior stakeholders
- Ability to prioritise and work quickly on key tasks, while identifying and managing risks
- Experience of working in wholesale markets, or prior regulatory roles providing exposure to wholesale market participants
- Excellent drafting and oral communication skills
- Ability to build and maintain relationships with senior management, other regulators and staff at all levels within the FCA
- Experience of the FCA policy-making and good understanding of the UK policy and legislative processes
About the FCA
The FCA regulates the conduct of 50,000 firms in the UK to ensure our financial markets are honest, fair and competitive. We do this to make sure markets work well for individuals, businesses and the economy as a whole. For more information on what we do, our three-year strategy can be found here.
The FCA's Values & Diversity
Our ambition is to cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation.
The FCA is committed to achieving greater diversity across all levels of the organisations. Given this, we particularly welcome applications from women, disabled and minority ethnic candidates for our senior associate role.
Flexible working
We welcome applications from candidates who are looking for flexible arrangements. Many of our staff work flexibly including working part-time, staggered hours, and job shares. We can’t promise to give you exactly what you want but we won’t judge you for asking.
Multilocation
As part of the FCA’s on-going commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds, or London offices. This means that as part of the application process you will be able to select your preference of which office location you would like to work from.
Useful information
Applications for this role close at midnight on 29th February
This role is graded as Senior Associate - Regulatory
What to expect from our interview process
The process will involve three separate stages:
- A case study
- If successful in completing the case study, you will then have a 60-minute competency-based interview
Your Recruiter will discuss the process in detail with you during screening for the role.
Recruitment Timetable
Advert closing Date: 29th February
Case study completion: 8-12th March
Competency Interviews: 18th March onwards
Please make the recruiter aware if you are going to be unavailable for any date during this time.
Got a question?
If you are an external candidate and you are interested in learning more about the role, please contact Deimante Paliuliene on [email protected]
If you are an internal candidate and you are interested in learning more about the role, please contact Lucy Matthews on [email protected]
Please note that all applications must be submitted through our online portal before the closing date, applications sent via email will not be accepted.
Application support
We want to remove any possible barriers and are committed to providing a wide range of reasonable adjustments so that you can keep the focus on your conversations and be at your best.
If you have an accessibility requirement, disability, or condition that means you might require changes to the recruitment process, please contact your recruiter to discuss this further. Our aim is to make your application as easy and comfortable as possible, and your recruiter will be happy to work with you to make any necessary arrangements where possible.
