Are you interested in joining a team supervising the UK’s wholesale markets? We are looking for a talented Associate to join the Wholesale Markets Supervision Department of the FCA.
Your role will contribute to the FCA strategy from a Wholesale Markets perspective and involve supervising firms from across our diverse portfolio, for example Trading Venues such as Exchanges or participant firms such as Wholesale Brokers or Principal Trading Firms.
You will use your analytical skills to identify risk in the business models and strategies of the firms in our remit. If you have an interest of, or experience within, wholesale markets combined with excellent communication skills, this could be the job for you!
This role is offered on a 12 month fixed term contract.
What does the role involve? What are the key responsibilities?
Support the formulation of the FCA strategy for supervising wholesale markets firms and our work on wider market structure issues;
Analysing the business models / strategies of wholesale markets firms and identifying risks within them;
Managing the FCA response to issues relating to the firms we supervise.
Assessing or feeding into the assessment of new wholesale markets firm applications;
Collaborating and building strong working relationships with internal and external stakeholders (for example, Policy, Market Monitoring, Operational Risk, Prudential, Financial Crime Supervision, CASS, Enforcement and GCD colleagues) who can support the delivery of the supervision strategies on a wide variety of issues;
Learning, understanding and applying the applicable FCA Principles and Handbook rules;
Escalating material issues as appropriate, including proposing appropriate, outcome focused solutions to FCA senior management and relevant governing committees;
Assist on projects and visits to firms. This typically involves talking to market participants, report writing and presenting findings to stakeholders.
What will the candidate get from the role?
An opportunity to work with a department that is at the forefront of the FCA’s work;
An in-depth, cutting edge insight into regulated industry and the relevant regulations and legislation;
Satisfying, worthwhile and responsible work with the opportunity to use and develop your skills in complex situations;
A challenging, interesting and varied portfolio of work, working with colleagues from across the department and other parts of the FCA;
Work in a high-energy and stimulating department, within a supportive environment that continually seeks to develop individuals;
Skills / Experience Required
We're a signatory to the Government's Disability Confident scheme. This means that we guarantee an interview to any 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 candidates CV. Exemption may apply if due to the volume of applications we are not able to interview all eligible candidates who qualify under the scheme.
Experience of Supervision, Authorisations or experience working in the wholesale markets sector
Strong written communication skills.
Understanding of, and interest in, wholesale financial markets;
Strong verbal and written communication skills and the ability to present well-reasoned arguments in a clear and concise manner;
Strong analytical capability with a proven ability to quickly and clearly draw out key implications from a broad and varied range of information;
Good relationship management skills to enable credible engagement with internal and external stakeholders;
The ability to use sound judgement alongside a flexible and adaptable approach.
Self-starter with proactive approach to acquiring skills;
Curiosity with an enthusiasm for learning and sharing knowledge;
The ability to prioritise competing objectives and to collaborate to build a shared agenda;
Proven organisational and time management skills.
A current understanding of wholesale market firms and their business models;
Understanding the supervisory approach to wholesale firms;
Curiosity to improve the effectiveness of processes.
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.
Divisional Information The Wholesale Markets Department plays a key role in supervising UK wholesale secondary markets. This includes direct responsibility for supervising market infrastructure and the major trading firms within those markets.
As such, we play an important role in identifying risks across secondary markets and taking action to protect financial markets, promote competition and protect 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.
This role is graded Associate REG B and offered on a 12 month fixed term contract.
Applications for this role close on Wednesday 31st March 2021
The salary range will be approximately £30,000 to £45,000 plus a competitive benefits package and non-contributory pension
In order to apply for this role, you will need to answer the following questions :
Why do you believe that you are suitable for this role? Please ensure that you specifically relate your answer to the criteria listed in the job advert, covering your relevant skills, technical knowledge and capabilities.
no more than 300 words)
This role will be based in Stratford, London.