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 customers, building trust in financial markets and protecting vulnerable consumers.
We’re currently on an exciting journey as we drive forward significant organisational, people, process, and technology transformation to become a more forward-thinking, proactive regulator. We will use data more effectively to drive better regulatory decisions and build greater cohesion across our broad financial services remit.
Significant improvements in digital enablement, business intelligence, market data and information management maturity are all being pursued to maintain our position as a world leader in financial services regulation.
The Role
Primary Market Oversight focuses on ensuring trusted and orderly primary markets in the UK. This is achieved through the specialist supervision of Sponsor firms and Primary Information Providers, and the live and post-event market monitoring of issuers and other market participants’ disclosures to the market.
PMO is made up of five teams; Primary Market Specialist Supervision, Primary Market Enquiries, the Corporate, Compliance and Thematic team, Primary Market Monitoring and Critical Guidance and Policy. Working closely with colleagues in Listings, Secondary Market Oversight and Market Oversight Data & Intelligence, the PMO department provides a link between the departments in Market Oversight. As a number of our listed entities are also supervised firms, we also work closely with our colleagues in Supervision.
We’re seeking a Head of Department who can provide strategic and tactical leadership to a highly motivated department of subject matter specialists. You will need to be able to challenge the established working practices and make changes as appropriate. You will need to have in-depth experience of financial markets with excellent stakeholder management skills.
You will need clear and concise communication skills with the ability to influence senior interlocutors both inside and outside our organisation. You will need a cool head to anticipate and respond to challenge and change and the confidence to lead work in a high-profile area. The successful candidate will be a member of the Senior Leadership Team within Market Oversight.
At present, Market Oversight is going through a period of change, expanding its remit to increase its focus in FICC as well as investing further in the exploitation of our data.
What will the candidate get from the role?
* Joining the Senior Leadership Team at the FCA during an exciting and challenging time of great change in financial services and its regulation.
* Leading a directorate of talented and committed people through significant projects whilst also delivering on business-as-usual objectives.
* Exposure to strategic issues and key players in the world of finance, both nationally and internationally.
Key responsibilities:
* Developing, supporting, and delivering the FCA's strategy for Primary Market Oversight.
* Leading and overseeing the effective and efficient operation of a complex department.
* As a member of the senior leadership team, actively contributing to the senior leadership and strategic development of the Market Oversight Directorate and the wider FCA.
* Forging and maintaining strong relationships with internal and external stakeholders, including regulators and regulated firms.
* Leading on interactions with Supervision, Enforcement, Policy and International to ensure Market Abuse issues are sufficiently represented.
* Developing, motivating, and leading a professional and highly qualified team to achieve the highest standards.
* Developing and delivering a long-term strategy for the directorate, aligning to broader divisional and organisational strategies.
* Leading on performance, capability and culture within the directorate, with a strong focus on operational excellence.
* Delivering through others by relying on coaching, influencing and negotiating skills with a range of internal and external stakeholders.
* Building a strong and inclusive directorate that attracts and develops diverse talent.
Skills/Experience Required
The FCA are a signatory to the Government’s Disability Confident scheme. This means that the FCA guarantees an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.
Minimum
* Significant stakeholder management skills with the ability to negotiate, influence and collaborate with senior people within the FCA and externally.
* In-depth experience of wholesale financial markets and their retail interfaces.
* Strong leadership skills: ability to lead, motivate and inspire teams.
* A strong track record in delivering results against business priorities.
* Role model strong leadership behaviours in line with the FCA values and capabilities.
Essential
* Knowledge of the Listing Rules and MAR and familiarity with the FCA’s organisational response to Primary Markets and MAR.
* Robustness in the face of challenge, ability to make decisions in a rapid and balanced way.
* Strong understanding of the UK and external political context and environment.
* Significant breadth of wholesale industry knowledge across relevant sectors and products.
* Knowledge of the aspects of MAR, Listing Rules and other rule books as they impact Primary markets.
* Good technical understanding of the overall regulatory framework in the UK.
* Experience of escalating, prioritising, and progressing enforcement casework.
* The ability to inclusively lead a group of talented individuals.
* An open and flexible management style and the ability to communicate effectively.
Desirable
* Good understanding of other areas in the FCA and their roles.
The FCA’s Values & Diversity
Our ambition is to create a diverse and inclusive workplace that reflects the society we serve. We serve the public and our decisions directly affect the wellbeing of people, businesses and the UK economy. So, our values matter.
The FCA is committed to achieving greater diversity across all levels of our organisation. Given this, we particularly welcome applications from women, disabled, and minority ethnic candidates.
As an inclusive employer, we are open to considering flexible working arrangements. Please inform your recruiter if you wish to apply for this role on a flexible basis.
As part of the FCA’s commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds or London offices.
Application Support
We want to remove any possible barriers and are committed to providing a wide range of reasonable adjustments.
If you have an accessibility requirement, please contact your recruiter to discuss this further.
Benefits
Our competitive benefits scheme gives you the opportunity to create a personalised benefits package. Core benefits that you will receive as standard are:
* 30 days holiday per year plus bank holidays.
* Private healthcare with Bupa.
* A non-contributory Pension of at least 8% of basic salary each month.
* Life assurance of eight times your basic salary.
* Income protection.
Conflicts of interest
All applicants to the FCA are required to demonstrate that they do not have other interests likely to conflict with their responsibilities as an employee of the FCA.
Useful information
* The closing date for this role is 23:55 on Sunday 12 January.
* Selection will be via a two-stage interview and psychometric assessment.
* If successful, you will be required to obtain and retain SC Clearance.
* We operate a hybrid working policy with an expectation that senior leaders spend a minimum of 50% of their working time each month in the office.
* The salary range for the role is London £140,000- £175,000 and National £126,000- £158,000.
* To apply for this role please use the below Odgers link and submit your CV & Cover letter.
The FCA has retained Odgers Berndtson to advise on this appointment. For further information about the position and additional details on qualifications, requirements, terms and conditions of service and how to apply please visit www.odgers.com/92855.
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