The Role

We are looking for a talented Technical Specialist to join the Wholesale Markets Supervision Department of the FCA, to help lead our regulation of Overseas Investment Exchanges and contribute more generally to the delivery of our wholesale markets agenda.

An exchange based outside the UK may apply to the FCA for recognition as a “Recognised Overseas Investment Exchange”, enabling the operator to offer access to its markets to UK market participants. To date, we have recognised over 25 such exchanges, which include some of the largest market operators around the world. As the Technical Specialist in this area, you will have the opportunity to shape our regulatory approach to this important part of market infrastructure, to make sure that markets work well for UK consumers.

This role is offered on a 12 month fixed term contract.

What does the role involve? What are the key responsibilities?

The successful candidate will use their specialist knowledge of wholesale markets to design and deliver our approach to the recognition and supervision of overseas exchanges, via a small team. This will involve strong collaboration with stakeholders across the organisation, such as policy, legal and specialist supervision colleagues, and interaction with firms at the most senior levels.

The key responsibilities of the post holder will include:

  • Task managing a small team of talented supervisors with differing levels of experience;
  • Managing applications for FCA recognition as an overseas exchange;
  • Within the framework of the relevant legislation, designing and executing supervision strategies that advance our objectives of protecting consumers and promoting market integrity;
  • Escalating material issues or emerging risks, including proposing appropriate, outcome focused solutions to FCA senior management and relevant governing committees;
  • Contributing to our supervision of the broader portfolio of wholesale markets firms, including other trading venues and the key types of market participant that use them
  • Supporting management in the delivery of wider departmental, divisional and organisational objectives, to help deliver the FCA mission;
  • What will the candidate get from the role?

  • 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; and
  • Engagement with senior management at the highest levels within the FCA and the financial services industry;
  • As an Academy business, we place great value on your learning and we offer world-class development opportunities which will assist you in achieving your career aspirations. We offer a range of opportunities for personal and professional development, including development of your interpersonal and analytical capabilities, and the opportunity to build or maintain a network of market contacts.

    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.

    Minimum

  • Demonstrable experience of wholesale markets gained through a relevant role in industry, with trade bodies or government or regulatory authorities
  • Experience of working with senior internal and external stakeholders
  • Excellent written communication skills
  • Essential

  • Able to apply a breadth and depth of industry knowledge to reach sound judgements;
  • The ability to present well-reasoned arguments in a clear and concise manner, including in relation to technical issues.
  • Experience of task managing, coaching or mentoring of more junior colleagues.
  • Experience of influencing internal and external stakeholders and working constructively with decisions made by others
  • Ability to perform under pressure and prioritise whilst delivering multiple outcomes to challenging deadlines.
  • Self-motivated, thorough and diligent.
  • Ability to act on your own initiative to deliver the desired outcomes within specified timescales.
  • Knowledge of UK financial services legislation and its impact on wholesale markets and the competitive landscape for wholesale services.
  • Strong verbal communication skills
  • Desirable

  • Work collaboratively as part of a team, valuing different perspectives and backgrounds, and working with other departments and divisions to minimise silos
  • Working flexibly across multiple teams to add insight and rigour and to facilitate innovation
  • Open to learning, challenge and change, and be prepared to be flexible to new tasks and responsibilities
  • 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.

    Useful Information

  • This role is graded Associate REG D1 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 £70,000 to £85,000 plus a competitive benefits package and non-contributory pension
  • In order to apply for this role, you will need to answer the following question:
  • 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)

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