Division - Infrastructure & Exchanges
Department - Market Intervention – Trading Venues
Salary - National (Edinburgh and Leeds) ranging from £51,200 to £64,000 and London £56,400 to £70,400 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. The Market Intervention – Trading Venues department is at the heart of the FCA strategy to ensure that UK market infrastructures are resilient, transparent and operate in a fair and orderly way. It is responsible for supervising trading venues and developing the policy that applies to them and to the investment firms dealing on those venues or OTC.
The Trading Policy team is responsible for shaping and implementing the policy for trading venues and firms dealing in wholesale markets. We cover a broad range of issues such as the organisational and transparency requirements of trading venues, algorithmic and high frequency trading, commodity derivatives and market data.
We do this in a number of ways:
* Driving the development of domestic rules and international standards for trading venues and trading firms
* Working with HM Treasury and the Bank of England on broader UK policy
* Providing ongoing policy support to FCA teams supervising trading venues and trading firms
* Identifying and mitigating future areas of risk in the trading and conduct landscape
What will you be doing?
The team is responsible for delivering the Wholesale Markets Review (WMR). You will:
* Horizon scan the relevant markets to identify issues and risks to our objectives, including extracting and interpreting quantitative information to support policy development.
* Develop policy reforms end to end, including drafting consultation documents and public statements.
* Work with internal and external stakeholders to help support and deliver our policy reforms.
* Provide policy advice, including policy papers and briefs, to internal stakeholders.
The specific responsibilities of the post will depend on the skills and experience of the successful candidate, likely including policy on algo and quantitative trading, transparency and market data, and commodity derivatives.
Which skills are required?
Minimum
* Experience of working in wholesale markets or prior regulatory roles.
* Experience of managing a wide range of stakeholders.
* Excellent written communication skills.
Essential
* Experience of representing an organisation externally on technically demanding issues.
* Knowledge of the operation of trading venues and their members.
* Ability to acquire knowledge quickly and independently.
* Good understanding of the UK and EU regulatory architecture.
* Ability to review complex issues and make judgements supported by evidence.
* Ability to explain complex issues clearly to diverse audiences.
* Strong commitment to collaborative working.
Our Values & Diversity
We are proud to be an inclusive employer and aim to cultivate a culture that respects individual strengths, views, and experiences.
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%.
* Life assurance.
* Income protection.
We welcome applications from candidates looking for flexible arrangements.
Application Support
We are dedicated to removing barriers and ensuring our application process is accessible to everyone.
Useful Information and Timeline
* This role is graded as: Senior Associate - Regulatory.
* Advert Closing Date: 23rd February.
* Case study & competency-based interviews: W/C 3rd March.
Got a question?
* For external applicants, please contact Aaron Ward at Aaron.ward@fca.org.uk.
* For internal applicants, please contact Lucy Matthews at Lucy.matthews@fca.org.uk.
Applications must be submitted through our online portal. Applications sent via email will not be accepted.
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