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Job description

The Role

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 as a whole.

The Wholesale and Financial Stability team in the Competition and Economics Division is looking to recruit a Senior Associate to provide analysis and economic advice on financial stability related work for the Financial Policy Committee (FPC) discussions. In addition, the senior associate will advise on the impact of the FCA's policy interventions and help shape the economic analysis underpinning FCA policy changes in wholesale financial markets.

The team shapes and informs FPC discussions, working with colleagues throughout the FCA and the Bank of England to build evidence-based positions on macro and financial stability issues and has a direct relationship with the CEO Office for FPC-related issues.

The team is responsible for providing economic analysis for FCA's policy making in wholesale markets and for the quality of the cost-benefit analysis (CBAs) and ex-post evaluations.

In addition, the team is heavily involved in international work at IOSCO and the FSB.

This is an exciting opportunity for a highly-skilled economist to help us shape the FCA's work on critical issues related to ensuring market integrity and financial stability.

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

Drawing on your experience and economic skills, you will contribute with analysis and economic advice on a range of issues relevant to the FCA, with a large focus on topics in wholesale markets and financial stability.

You will contribute to FPC, IOSCO and FSB-driven analytical projects in collaboration with other FCA areas and/or the Bank of England. You will be managing various relationships with internal and external stakeholders to make sure that the FCA's perspective is fairly reflected in the FPC and International work. You will support senior management on content and strategic direction, articulating FCA perspectives and market expertise on issues discussed at the FPC and in International committees.

Using both theory and empirical evidence you will advise FCA teams on the likely impact of their proposed interventions, through cost-benefit analyses and evaluation. You will contribute to devise methodologies and approaches to evaluate previous FCA interventions and contribute to improving the FCA efficiency and effectiveness.

In addition to providing robust, evidence-based analysis, you will be skilled in communicating your findings to a range of internal and external audiences (including non-technical senior stakeholders) and manage multiple relationships.

Through your work you will have the opportunity to play an integral role in driving the decision-making process, directly influencing the regulatory landscape.

What will the candidate get from the role?

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 work with and influence senior decision takers, both internally and externally to the FCA.

You will be part of a thriving professional community and enjoy a challenging environment with a range of opportunities for professional and personal development.

The role offers an attractive package of salary and benefits, and extensive development opportunities in applied economics, financial services and broader professional skills.

Skills/Experience Required

Minimum

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.
  • A postgraduate qualification in economics or a related discipline OR an undergraduate degree in economics or a related discipline, with relevant professional experience.
  • Knowledge of wholesale markets or financial stability gained through professional experience or academic studies.

Essential
  • Experience of providing high-quality economic advice.
  • Experience scoping and delivering economic analysis.
  • Ability to apply economic principles to issues you are not familiar with.
  • Comfortable with ambiguity and able to prioritise.
  • Ability to deliver and thrive in a fast-moving environment, maintaining pace and quality of delivery while juggling multiple projects at the same time.
  • Ability to prioritise work delivering to tight deadlines.
  • Excellent written and oral communication skills, including the ability to distil complex issues into succinct messages.
  • Ability to work effectively with internal and external stakeholders, developing and maintaining working relationships.
  • Ability to make a strong personal impact, persuading with well-reasoned arguments and challenging where appropriate.


Desirable
  • Experience of applying economic thinking to regulatory problems.
  • Previous experience of project management.
  • Experience of drafting and organising briefings for senior leadership


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 Senior Associate, POL C
  • The salary range will be approximately 46,000 to 68,000 GBP plus a competitive benefits package and non-contributory pension
  • Applications for this role close on26th September


If you are interested learning more about the role please contact Lucy Matthews on [email protected]

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

Learn more about Financial Conduct Authority

Be unique. Be authentic. However you prefer to say it, we really mean it. Our culture embraces people’s diverse perspectives and creates a positive environment where everyone belongs. We’re determined to build a better, more connected world for everyone.

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