Data Analyst

  • Job Reference: 473433003-2
  • Date Posted: 15 January 2022
  • Recruiter: Financial Conduct Authority
  • Location: London
  • Salary: On Application
  • Sector: Management & Supervisors, Restaurant & Service
  • Job Type: Permanent

Job Description

Background

There are few jobs where you can make a real difference to the 40 million consumers of financial products, the 2 million people who work in the UK Financial Services industry, and the stability of our economy. The FCA has three objectives:
  • ensuring that markets operate with integrity;
  • promoting effective competition; and
  • protecting consumers of financial services.

The Central Data Services (CDS) department, within the Data, Technology, and Innovation Division, supports the FCA's Data Strategy by enhancing the value of data through data management, governance and analysis activities and providing central co-ordination of all data-related activities.

We believe in doing things differently. We believe the best approach is sometimes a new approach. We place emphasis on curiosity and experimentation. We collaborate widely with academics, innovative companies and the rest of the FCA. We believe that people need space to continue learning and the support to develop new ideas, so we commit to giving them both.

What does this job involve / overall purpose of the role?

We're now recruiting for a Data Analyst role in the Data Analysis & Insight Team within CDS. Data Analysis & Insight is responsible for enhancing the value the FCA gets from data through analysis and through solutions that empower others to use and get insight from data. It supports better exploitation of data and the creation of insights and analysis, to support Policy, Supervision and Strategy.

You will deliver external publications and insight products, supporting the end-to-end data publication process. You will work with FCA and external data, analyse and interpret the data to provide new insights into financial markets. You will support the delivery of data visualisations, key findings, and help to develop data analysis required by internal and external stakeholders. This will involve scoping out and completing the work, writing up conclusions and insights.

Your responsibilities will include:

  • Delivering data management, quantitative and qualitative analysis and data visualisation;
  • Analysing FCA and external data, ensuring high quality and timely delivery of analysis;
  • Enabling the FCA to get more value from our data, identifying new opportunities for analysis and insight generation;
  • Engaging with stakeholders to gather and build an understanding of their requirements, define their goals, planning and delivering analysis;
  • Working with colleagues to deliver data publications and analysis to a high quality, planning and managing the approach and timelines, working in an agile approach to deliver effectively;
  • Support the management team to scope, define and prioritise projects across a wide breadth of activity including data publications, data solutions, data analysis and data visualisation projects;
  • Promote and communicate the work of the Data Analysis & Insight team;
  • Propose innovative ways to improve processes, approaches and tools to deliver the most efficient and effective service to the FCA.

Key Accountabilities

What will the candidate get from the role?

  • Your work will be both varied and challenging. You will have a rare opportunity to understand and shape the workings of the financial sector at a time of considerable change. You will enjoy a unique aerial view of the financial services industry, with the opportunity to do meaningful work that makes a real difference. You will have the opportunity to influence how the FCA makes best use of our data to influence internally and externally and will have exposure to a wide range of industry professionals, both internally and externally to the FCA.
  • As an Academy business, we place great value on learning and at the FCA we offer world-class development opportunities which will assist you in achieving your career aspirations.

Which core skills and technical know-how are required?

Minimum criteria

* Any disabled applicant meeting the minimum criteria will automatically progress to interview stage, should they enter under the Disability Confident scheme .

For more information on the FCA's commitment to building a diverse and inclusive workforce, including guidance on drafting criteria, please refer to the FCA's Positive Action Framework

Minimum criteria

  • Practical data analysis and exploration experience - working with quantitative and qualitative data in order to produce analysis in a variety of formats, making it engaging to the audience. Able to identify and articulate what the data is telling us. Excellent research, written and verbal communication skills - including the ability to present analysis in a clear and compelling way. The ability to produce high quality data reports for external publication.
  • Stakeholder management skills - adept at engaging with stakeholders across an organisation, understanding their needs and business problems, and shaping the scope of work including defining the requirements and prioritising delivery.
  • Excellent organisational ability - sets high standards for self and being disciplined about meeting commitments, delivering within agreed timeframes.

Essential criteria

  • Data manipulation - ability to extract and transform raw data into formats that can be easily processed or analysed (by using tools such as R, SQL or Python). Strong critical thinking skills to combine different data sources to identify themes.
  • Data quality assurance - ability to identify and fix data inconsistencies and other data anomalies to ensure the data to be used for analysis is of a high quality.
  • Data analysis skills - including an understanding of statistical concepts e.g. correlation and regression models, experience of using analytical tools e.g. Tableau, R, Python.
  • Data Visualisation - to include the creation of charts and visualisations to help people understand it's significance, by using software such as Tableau. Able to use their storytelling skills to present compelling insights.
  • Delivery focus - focused on outcomes and committed to delivering high quality work on time. Able to plan well and take personal responsibility for work. Able to identify risks or challenges to project progress and communicate these.

  • Team worker - able to work actively with others to achieve outcomes in both formal and informal teams.
  • Creative thinking - enjoys problem solving and understanding new issues, thinks creatively and willing to bring new ideas and ways of working.
  • Maintaining and sharing know-how - encourages a culture of sharing information as required and ensures they share and receive information effectively.

  • Innovation - able to research and formulate complex ideas and use their persuasion, influencing, communication and collaboration skills to embed the ideas into sustainable solutions, services or products.

Desirable:

  • Good understanding of the financial services sector, market practices, the FCA's approach to regulation and how these could affect consumers.
  • Good understanding of project management and experience with agile methods of working .

  • Ability to make statistical inferences from the data and understand underlying patterns and trends

Core skills

Required role-specific know-how, skills and behaviours

  • Judgement: quickly identify insights from information, clarifying problems, the scope and arriving at well-balanced decisions. Take diverse views into account to develop the best way forward.

  • Engagement: flex style to effectively communicate, build relationships and build consensus to get buy-in. Coach people to develop their performance.

  • Delivery: set clear objectives, focuses others attention on priorities. Anticipate and manages resources, using appropriate project management tools to ensure delivery and well-being.

  • Self-management: role model commitment to self-awareness and learning. Build own supportive network and supports others to identify effective coping techniques and manage impacat on others even when stretched.

Useful Information:

This role is Graded REG B - Associate

Salary - £35,000 - £55,000 + Benefits package

For more information - please contact