• Full Time
  • London
  • 56,400 - 71,000 £ / Year

Financial Conduct Authority

Profile insights

Here’s how the job qualifications align with your profile.

Skills

  • Supervising experience
  • Analysis skills
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Job details

Here’s how the job details align with your profile.

Pay

  • £56,400 – £71,000 a year

Job type

  • Full-time

Location

London

Benefits

Pulled from the full job description
  • Company pension
  • Cycle to work scheme
  • Private medical insurance

Full job description

Salary: National £51,200 to £64,500 and London £56,400 to £71,000 per annum – Salary offered will be based on skills and experience
Are you interested in joining a team that will help shape and deliver the future of Trading Venue supervision at the FCA?
The Role
Are you interested in joining a team supervising the UK’s wholesale markets? We are looking for a talented Senior Associate to join the Flexible Trading Venues team within the Trading Venues & Corporate Finance Firms Department of the FCA. Your role will contribute to the FCA strategy from a Wholesale Markets perspective and involve supervising trading venues (Recognised Investment Exchanges, Multilateral Trading Facilities and Organised Trading Facilities) offering markets in a variety of financial instruments including equities, derivatives and commodities. This portfolio includes a wide variety of trading venues operating in the UK offering traditional and innovative solutions. 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. You will use your analytical skills to identify risk in the business models and strategies of the firms in our portfolio. Our team members have diverse backgrounds including regulation, trade associations, market structure, and trading. If you have a similar interest of, or experience within, wholesale markets combined with excellent communication skills and are keen to develop your career, this could be the job for you!
What you will 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, senior level engagement both across the FCA and with regulated firms and will work at pace in a stimulating and high-energy environment. You will deal with more complex issues and cases and be expected to work alone making supervisory judgements and recommendations as appropriate.
Your work will often involve liaising closely with specialist areas including teams who monitor for market abuse, assess financial and operational resilience, and supervise financial crime risks. The teams also regularly work with colleagues across Authorisations, Enforcement, Markets Policy, International and Legal divisions.
Responsibilities will include:
  • Direct engagement with regulated firms to improve our understanding of firm specific issues and the markets they operate within
  • Applying 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 implementing 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?
Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle. You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option top up your base salary by taking this as cash. Core benefits that you will receive as standard are:
  • 25 days holiday per year
  • Private healthcare with Bupa
  • A non-contributory Pension of at least 8% of your basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach the age of 35)
  • Life assurance of eight times your basic salary
  • Income protection
We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations
You will also get:
  • An opportunity to work with a team and wider department at the forefront of the FCA’s work in this area
  • An in-depth, cutting-edge insight into the 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 team environment that continually seeks to develop individuals
The skills and experience you’ll have
We are a signatory to the Government’s Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, should they meet the minimum criteria for a role.
Minimum
  • Previous experience of the operation and business models of Trading Venues and the regulatory framework within 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
  • Knowledge of wholesale markets, the business models of Trading Venues active in those markets and how they interact with the wider wholesale markets ecosystem
  • 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
  • Ability to challenge others’ views constructively while maintaining good relations
  • The ability to work collaboratively within a team, supporting more junior colleagues
  • The ability to prioritise competing objectives and have proven organisation skills
About the FCA
The FCA regulates the conduct of 50,000 firms in the UK to ensure our financial markets are honest, fair and competitive. We do this to make sure markets work well for individuals, businesses and the economy as a whole. For more information on what we do, our three-year strategy can be found

here.
The FCA’s Values & Diversity
Our ambition is to cultivate a culture of inclusion 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.
The FCA is committed to achieving greater diversity across all levels of the organisations. Given this, we particularly welcome applications from women, disabled and minority ethnic candidates for our senior associate role.
Flexible working
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 won’t judge you for asking.
Multilocation
As part of the FCA’s on-going commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds, or London offices. This means that as part of the application process you will be able to select your preference of which office location you would like to work from.
Useful information
Applications for this role close at midnight on 19th May
This role is graded as Senior Associate – Regulatory
What to expect from our interview process
The process will involve a competency-based interview.
Following this you may be invited back for a 2nd interview.
Your Recruiter will discuss the process in detail with you during screening for the role.
Recruitment Timetable
Advert closing Date: 19th May
First Round interviews: W/C 3rd June
Please make the recruiter aware if you are going to be unavailable for any date during this time.
Got a question?
If you are an external candidate and you are interested in learning more about the role, please contact Aaron Ward on

aaron.ward@fca.org.uk
If you are an internal candidate and you are interested in learning more about the role, please contact Lucy Matthews on

lucy.matthews@fca.org.uk
Please note that all applications must be submitted through our online portal before the closing date, applications sent via email will not be accepted.
Application support
We want to remove any possible barriers and are committed to providing a wide range of reasonable adjustments so that you can keep the focus on your conversations and be at your best.
If you have an accessibility requirement, disability, or condition that means you might require changes to the recruitment process, please contact your recruiter to discuss this further. Our aim is to make your application as easy and comfortable as possible, and your recruiter will be happy to work with you to make any necessary arrangements where possible.

To apply for this job please visit fca.wd3.myworkdayjobs.com.