Structured Finance Specialist (9 Month Fixed Term Contract)

Salary: National ranging from £67,100 to £98,000 and London from £73,700 to £108,000

Do you want to play a central role within the FCA in identifying risks and trends, supporting prioritisation and connecting policy and supervision?

The team/department

The Market Analysis and Policy (MAP) department plays a central role within the Directorates in identifying risks and trends, supporting prioritisation and connecting policy and supervision. Within the MAP department, one of the responsibilities of the Wholesale Conduct & Credit team is the supervision of the UK securitisation market and the UK Regulated Covered Bond regime (referred to jointly as Structured Finance supervision). We are now recruiting for a Technical Specialist to join the team with responsibility for the ongoing supervision of the UK Structured Finance markets. This is a 9-Month Fixed Term Contract to cover a maternity absence.

What you will be doing

This is a supervision role with specific focus on Structured Finance supervision, although the department operates a flexible resourcing model and you may be asked to work on other projects related to wholesale markets.

The key responsibilities include the following:

• Monitoring developments and trends in the UK STS (Simple, Transparent, Standardised) securitisation market, the non-STS UK market, the UK RCB market and the European Collateralized Loan Obligation (CLO) market
• Performing examination on key issues/risks to the supervisory strategy, including making recommendations on their materiality and whether they pose a risk to FCA’s goals
• Ad hoc review of prospectus documents, cash flow models, investor reports and regulatory submissions
• Working as part of a team to undertake cross-firm/ thematic projects relating to risks present across a segment(s) of the market
• Guiding on some international project in matters relating to Structured Finance globally
• Enhancing the Structured Finance supervision strategy, process and procedures
• Representing the team in a professional manner with internal and external stakeholders, providing an effective and constructive liaison point within the department, across the FCA and externally

What you will get from the role

• You will have a rare opportunity to understand and shape the workings of the financial sector. You will enjoy a unique view of the financial services industry, with the opportunity to do meaningful work that makes a real difference.
• You will have the opportunity to work with and influence a wide range of industry professionals, both internally and externally to the FCA.
• You will get to use your analytical and management skills to help to ensure the MAP teams delivers against the FCA’s strategy and business plan commitments and ultimately delivers against the core goals

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: 

• 28 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 will have 

Minimum

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. 

• Experience working in financial markets as an industry participant (financial institution/rating agency), or regulator
• Relevant experience in securitisation and/or CLO credit analysis or related analytical fields.
• Experience of working in an analytical role. of strong analytical skills

Essential

• Ability to analyse the credit, legal and structural risks of securitisations and covered bonds
• Ability to synthesise and interpret large amounts of both numerical and written information
• Demonstrable ability to acquire knowledge quickly
• Ability to build and maintain relationships with senior management, other regulators and staff at all levels within the FCA
• Working effectively as part of a team by working inclusively
• Good understanding of the UK and EU regulatory architecture as it applies to Structured Finance

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 Technical Specialist 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.

Multi-location

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 23.59 on 14th April 2024
• This role is graded as Technical Specialist - Regulatory
• Interviews will be on 25th and 26th April 2024

Got a question?

If you are interested in learning more about the role please contact:

For internal applicants, please contact Linda Bradley at [email protected]

For external applicants please contact Aaron Ward at [email protected]

What to expect from our interview process

If your application is successful you will be invited to a 1 hour competency based interview.

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.