Market Conduct and Post Trade Policy Associate

Market Conduct and Post Trade Policy Associate

Division – Supervision Policy and Competition

Salary – National (Edinburgh and Leeds) ranging from £43,100 to £52,800; London ranging from £47,300 – £57,000 per annum (salary offered will be based on skills and experience).

About the FCA

The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA.

Division/Department

We are looking to fill an Associate role in the Capital Markets Department within the Supervision Policy and Competition Division (SPC). 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 fairness. We work collaboratively to solve problems and flexibly to ensure market integrity. We are committed to sharing our knowledge and encouraging new ideas.

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 promoting competition and positive change.

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.

The Market Conduct & Post Trade policy team lead on policy relating to short selling, market abuse, derivatives, settlement and the regulations that governs those markets. Some of the key projects we are delivering include the repeal and replace of the UK Short Selling Regulation, UK EMIR and UK Market Abuse Regulation, T+1 settlement, Dematerialisation and supporting firms through the Digital Securities Sandbox and PISCES. We are particularly looking for candidates with an understanding of the legal framework relating to any of these policy areas and/or a regulatory or policy background.

What will you be doing?

• Supporting the development of domestic and international standards for market abuse, short selling, derivatives, and settlement

• Working with HM Treasury, the Bank of England and Prudential Regulation Authority on the broader UK policy on market infrastructures and market conduct

• Managing the ongoing supervision of firms\’ compliance with UK EMIR (including responding to firm queries and assessing firm notifications)

• Providing ongoing policy support to FCA teams supervising UK firms and financial market infrastructures subject to the above regulations

• Identifying and mitigating future areas of risk in wholesale markets

• Working openly and cooperatively, both with our internal stakeholders (Supervision, International, Legal Division, Secondary Market Oversight, Competition, etc.) and externally

What will you get from the role?

• Exposure to a combination of technical, communications, and strategic work as well as key stakeholder engagement nationally and internationally

• The opportunity to work with and influence a wide range of regulatory and industry professionals, both internally and externally to the FCA as well as domestically and internationally

• The opportunity to work in financial services at a time of significant change

• The opportunity to develop further an understanding of wholesale markets and financial market infrastructure

Which skills are required?

We are a Disability Confident Employer; therefore, disabled people or individuals with long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. (To learn more about the Disability Confident Scheme Click Here)

Minimum

• Prior experience engaging with stakeholders internally and externally

• Prior experience in a regulatory/policy related field with insight into wholesale markets

• Prior experience analysing complex data, identifying risks and presenting clear, well-reasoned recommendations to support decision-making

Essential

• Willingness and ability to learn new areas of markets and policy quickly

• Collaborative and flexible approach to support team members

• Positive, enthusiastic, constructive and “can do” attitude

• Ability to prioritise effectively

• An ability to demonstrate a proactive working style

• A genuine interest for wholesale financial markets

Our Values & Diversity

We are proud to be an inclusive employer and our ambition is to cultivate a culture 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.

Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.

Did you know? 50% of our Executive Committee were the first in their family to attend university.

Benefits of working at the FCA

• 25 days holiday per year plus bank holidays

• Hybrid working (work from home up to 60% of your time)

• 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 also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle.

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 can explore what might work best for both sides.

Follow this link to see what life is like at the FCA Life at the FCA

Application Support

We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible.

If you have an accessibility need, disability, or condition requiring changes to the recruitment process, please contact your recruiter using the details below and they will be happy to discuss this further with you.

Useful Information and Timeline

• This role is graded as Associate

• Advert Closing Date: 28th of September (Midnight)

• CV Review/Shortlist: 30th of September

• Competency Based Interview: Week commencing 6th of October

Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time.

Got a question?

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

Riley Fox at Riley.fox@fca.org.uk

Applications must be submitted through our online portal. Applications sent via email will not be accepted.