Policy Senior Associate - Trading and Wholesale Conduct Policy

  • Job Reference: 473432822-2
  • Date Posted: 15 January 2022
  • Recruiter: Financial Conduct Authority
  • Location: London
  • Salary: On Application
  • Sector: Management & Supervisors, Restaurant & Service
  • Job Type: Permanent

Job Description

The Role

We are currently looking for a Senior Associate to join our Trading and Wholesale Conduct Policy Team.

What does the role involve? What are the key responsibilities?

  • Work with internal and external stakeholders to help support and deliver policy in wholesale markets. In particular, contribute to reform UK markets post-Brexit as part of HMT's Wholesale Markets Review
  • Provide policy advice, also in the form of policy papers and briefs, to internal stakeholders
  • Draft consultation documents and public statements
  • Horizon scan the relevant markets to identify issues and risks of policy relevance
  • Analyse, interpret and use quantitative information to support policy development

The specific responsibilities of the post will depend on the skills and experience of the successful candidate. However, they are likely to include some of the following:
  • Policy on Recognised Investment Exchanges, multilateral trading facilities and organised trading facilities
  • Policy on data reporting service providers (DRSPs) and market data
  • Policy on trading mandates
  • Policy on commodity derivatives
  • Policy on wholesale conduct such as best execution and conflict of interest
  • Representation of FCA in relevant international task forces or committees (e.g. IOSCO)

What will the candidate get from the role?

  • Represent FCA externally. You and your outputs will have a high exposure across the FCA and outside
  • Develop in-depth expertise on the functioning of wholesale financial markets
  • Have a significant influence over the evolution of UK trading infrastructure at a key point in its development post-Brexit

Skills/Experience Required

We're 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. A minimum criterion needs to be measurable from reviewing a candidate's CV. Exceptions may apply if due to the volume of applications we are not able to interview all eligible candidates who qualify under the scheme.

Minimum

  • Experience of working in financial services, financial regulation or policy making
  • Experience of representing an organisation externally on technically demanding issues

Essential

  • Knowledge of trading venues and wholesale market conduct
  • Demonstrable ability to acquire knowledge quickly and independently
  • Good understanding of the UK and EU regulatory architecture
  • Ability to analyse complex issues and make judgements supported by evidence, including where only partial information is available
  • Ability to explain complex issues to diverse audiences
  • Strong commitment to collaborative working, including willingness to respond positively to challenge from others
  • Excellent stakeholder management skills

Desirable

  • Professional experience working in or regulating trading venues
  • In-depth knowledge of MiFID II

About the FCA

At the FCA, we're creating a fair and more resilient financial system. We're establishing more transparent relationships between financial services and their customers, building trust in financial markets and protecting vulnerable consumers.

The FCA's Values & Diversity

Our ambition is to create a diverse and inclusive workplace that reflects the society we serve, helping us to be a better regulator.

As an inclusive employer, we are open to considering flexible working arrangements. Please contact our recruiter if you wish to apply for this role on a flexible basis.

Useful Information

  • This role is graded as POL C, Senior Associate
  • The salary range will be approximately £46,000 to £68,000 plus a competitive benefits package and non-contributory pension
  • Applications for this role close on 16th January 2022

If you are interested learning more about the role, please contact Lucy Matthews on

Please note - Applications must be submitted through our online portal. Applications sent via email will not be accepted.

We are currently consulting with colleagues about changes to our grading, pay structure and benefits. We're proposing a move to a more consistent and simpler approach that supports our changing role, accelerates career development, and better incentivises strong performance.

The proposed changes will also ensure that we are able to continue to offer one of the best employment packages of any regulator or enforcement agency in the UK.

The consultation opened on 21 September and finishes on 20 December 2021. We will finalise the changes in February ahead of implementing from 1 April 2022. Those joining before 20 December will be able to participate in the consultation.

If you have any questions about what this might mean for you, speak to your recruiter or visit our website .