Division - Supervision, Policy & Competition - Markets
Department – Trading Venues
Salary - National (Edinburgh and Leeds) ranging from £51,200 to £64,500 and London £56,400 to £71,000 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 .
We are looking for a talented Senior Associate to join the FCA’s Flexible Trading Venues supervision team.
The role sits in the Trading Venues & Corporate Finance Firms Department of the FCA. Our team members have diverse backgrounds including regulation, trade associations, market structure, and trading.
You will help to set and implement the FCA’s supervisory strategy from a Wholesale Markets perspective and will involve supervising trading venues (Recognised Investment Exchanges, Multilateral Trading Facilities and Organised Trading Facilities) which trade in a variety of financial instruments including equities, derivatives and commodities.
Our work encompasses all aspects of the initial recognition or authorisation and continuing supervision of the venues, according to relevant obligations that aim to deliver fair, orderly, and resilient markets. Through our work, we aim to advance market integrity, investor protection and effective competition in the interests of consumers. This is an exciting role for anyone with experience of wholesale markets and offers an opportunity to shape and deliver the supervision environment for the UK’s financial markets.
What will you be doing?
You will work with others as part of a team to advance our supervisory priorities for these Trading Venue firms. You will directly supervise the firms and will receive exposure to diverse issues at the firms and in the wider markets. You will deal with complex issues and cases and be expected to make supervisory judgements and recommendations as appropriate. You will also use your analytical skills to identify risk in the business models and strategies of the firms in our portfolio.
You will often liaise closely with specialist areas in the FCA including teams who monitor for market abuse, assess financial and operational resilience, and supervise financial crime risks. You will also have senior level engagement at the FCA and regulated firms. Responsibilities will include:
* Directly engaging with regulated firms to improve our understanding of their specific issues and the markets they operate within
* Applying your regulatory knowledge and experience to analyse complex information, make informed supervisory judgements and recommendations on appropriate action to address specific firm or cross-firm issues
* Identifying and reviewing the key risks within each portfolio to help set and implement the team's supervisory strategy to mitigate these risks
* Working with the team to develop a consistent FCA response to issues identified across the Trading Venues portfolios
* Drafting high-quality communications to deliver key messages internally to stakeholders, as well as externally to firms as needed
* Building, maintaining and leveraging relationships with key stakeholders to influence and deliver through others in and outside of the department as needed
What will you get from the role?
* Experience driving forward an important FCA function, while supporting the development of UK wholesale markets
* An in-depth insight into the relevant regulations and legislation and how they apply to the industry
* 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
* A high-energy and stimulating workplace, in a supportive team environment that continually seeks to develop individuals
* A future career path that offers opportunities for progression across the organisation
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
* Previous experience of the operation and business models of Trading Venues and the regulatory framework in which they operate, gained either through working for a venue or other relevant wholesale markets experience
* Experience of supervising firms using the FCA's supervisory framework
Essential
* Understanding of the conduct and prudential risks facing firms involved in trading in the wholesale financial markets
* Good understanding of the UK regulatory framework
* The ability to analyse and challenge complex information and form strong, evidence-based judgements
* Strong communication skills with the ability to explain complex issues succinctly and deliver sensitive messages in meetings, reports, presentations, and letters
* The ability to engage confidently with a variety of internal and external stakeholders
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.
The FCA is committed to achieving greater diversity across all levels of the organisation. Given this, we particularly welcome applications from women, minority ethnic, disabled, and neurodivergent candidates for our senior associate role.
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 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: Senior Associate - Regulatory
* Advert Closing Date: 2nd March
* First round competency interviews: 12th-14th March
* Second round competency interviews: 20th/21st March
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:
* 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.
#J-18808-Ljbffr