Senior Supervisor – Market Abuse Surveillance Supervision
Division – Enforcement and Market Oversight
Department – Secondary Market Oversight
Team – The Market Abuse Surveillance Supervision
Salary – National ranging from £51,200 to £68,300 and London from £56,400 to £75,000 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
The Enforcement & Market Oversight (EMO) division is responsible for the FCA’s responsibilities for market monitoring, delivery of the functions of the UK Listing Authority (UKLA) and the investigation and prosecution of misconduct using the whole spectrum of criminal, civil and administrative sanctions and remedies against firms and individuals.
The Secondary Market Oversight department discharges the FCA’s responsibility to combat market abuse in secondary markets and monitors markets in the service of the FCA’s broader objective to support market function and protect market integrity.
Market Abuse Surveillance Supervision (MASS) team is at the heart of our operation. MASS supervises firms’ and trading venues’ market abuse surveillance, which is the first line of defence in detecting and preventing market abuse. It ensures market participants have effective systems and controls in place to detect and report potential market abuse to the FCA through suspicious transaction and order reports (STORs). MASS co-ordinates most of our outreach to regulated firms through industry forums, round tables and public speaking at conferences and other industry events. Its market professionals support the FCA’s monitoring of real-time events such as price spikes and potential ‘fat finger’ incidents which can result in disorderly markets, investigating the causes and liaising with internal stakeholders and relevant counterparties to assess the adequacy of their controls.
What will you be doing?
* Supervision of the STOR regime, including conducting visits to firms, trading venues and other market participants to assess their market abuse surveillance arrangements and STOR policies and procedures
* Working with other FCA teams on the assessment of new trading venues and benchmark applications to establish if proposed surveillance processes and procedures are in accordance with the relevant legislation
* Liaising with industry participants including delivering formal presentations and written communications to help highlight market abuse surveillance issues
* Providing input into proposed policy initiatives which relate to our area
What will you get from the role?
* Opportunity to conduct specialist supervisory visits to firms and trading venues
* Exposure to a range of interesting surveillance projects and work streams
* Opportunity to develop and share professional expertise and knowledge through exposure to a wide range of complex cases
* Opportunity to work closely with the other teams within the FCA
* Opportunity to engage with surveillance practitioners within industry and represent the FCA at forums and conferences
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
* Experience of working in market abuse surveillance
* Proven experience of being able to work unaccompanied with a range of stakeholders, and influence people to achieve desired outcomes
* Strong Excel skills, with ability to identify key facts from a large amount of information
Essential
* Strong technical understanding of UK financial markets and instruments
* Good knowledge of relevant legislation including UK MAR and MiFID II
* Experience of identifying key risks of harm from a range of information, including written documents and large datasets
* Ability to deal confidently and persuasively with a wide variety of internal and external stakeholders
* Strong verbal and written presentation skills, with the ability to explain clearly and succinctly complex situations
* Ability to manage several workstreams at once, ensuring issues are prioritised effectively and progressed on a timely basis
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 are women.
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 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: 24th January
* Written exercise and competency-based interview: W/C 3rd February
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 internal applicants, please contact Melanie Dubock at Melanie.Dubock@fca.org.uk
* For external applicants, please contact Chhavi Bartaria at Chhavi.Bartaria@fca.org.uk
Applications must be submitted through our online portal. Applications sent via email will not be accepted.
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