Division - Enforcement and Market Oversight
Department –Market Oversight
Team – Reporting to HoD/Senior Manager of Secondary Market Oversight
Salary - National (Edinburgh and Leeds) ranging from £72,100 to £92,800 and London £79,300 to £100,000 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.
An exciting opportunity for a Market Abuse Technical Specialist has arisen in the Market Oversight (MO) department to disrupt and deter Market Abuse. Whilst reporting to the HoD/Senior Manager of Secondary Market Oversight (SMO), the successful candidate will also work closely with MO’s Primary Market Oversight (PMO) teams to create a systematic programme of disruption throughout the UK Markets.
MO leads the FCA’s efforts to combat market abuse in both primary and secondary markets, supporting market integrity and function. Handling over 500 million trading records daily and thousands of intelligence reports annually, the department uses data-driven regulation to disrupt abuse and support enforcement cases. As well as having its own sophisticated surveillance programme, MO engages with market participants to supervise their surveillance systems and assist firms in designing and implementing market abuse risk frameworks, and collaborates with other FCA divisions and external stakeholders to address threats to market integrity.
What will you be doing?
- Designing and leading MO’s market abuse disruption and prevention strategy in order to cause maximum disruption to those intent on all forms of market abuse, across both primary and secondary markets
- Developing and delivering communications relating to disrupting market abuse, as well as identifying new opportunities to promote our message
- Working with internal policy teams and external stakeholders on key market abuse policy and legislation issues to plug gaps in the existing market abuse legal framework
- Being SMO’s point of contact for the Takeover Panel with respect to leak enquiries, joint communications, and information sharing
- Leading work to identify persons and organisations facilitating, but not necessarily directly engaging in, market abuse, disrupting those actors and supporting our Enforcement department in progressing litigation
- Proactive detection of firms whose weak control environments facilitate market abuse, either deliberately or inadvertently, and working closely with those firms and colleagues across the FCA on the deployment of appropriate tools (Supervisory or otherwise) to improve those controls
- Working closely with all relevant FCA divisions to ensure that the idea of disruption is embedded across the organisation
- Mentoring, training and developing MO colleagues, and working to ensure that markets expertise is appropriately applied to workstreams throughout not only MO and Enforcement, but also other divisions within the FCA
What will you get from the role?
- You will play a key role in detecting, disrupting and deterring market abuse in accordance with the FCA framework, collaborating across multiple teams to effectively address abuse in UK firms and markets
- This is a unique role at the FCA, offering you the autonomy to carry out your responsibilities in the way you believe will deliver the best outcomes. It is an excellent opportunity for someone who is resilient in the face of setbacks and driven to find effective solutions
- You will be MO’s key touchstone with other FCA divisions
- You will play a pivotal role in shaping and advancing the FCA’s expectations and market abuse disruption strategy, ensuring its effective implementation across all forms of market abuse
- You will contribute to engagement with international regulators, sharing best practices and helping to educate overseas authorities on the FCA’s disruption approach through IOSCO and other collaborative channels
- This role involves promoting understanding of how the FCA proactively prevents and disrupts market abuse, as well as guiding firms and advisors on how to identify and avoid potential misconduct before it occurs
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
- Excellent product and markets knowledge of the equity markets
- Knowledge of the UK regulatory landscape with respect to market abuse, including knowledge of the FCA’s handbook
- Experience designing and implementing large reviews of firms’ systems and controls
Essential
- Proven ability to analyse large datasets to identify trends and support data-driven decision making and strategic direction
- Strong understanding of leading and shaping disruption strategies
- Experience in managing and engaging with stakeholders, collaborating effectively across multiple teams, including pushing back on resistance where appropriate
- Strong understanding of financial investigations and their key stages and processes
- Demonstratable experience in identifying and addressing all forms of market abuse, including working within firms’ supervision frameworks
- Excellent spoken and written communication skills. Ability to address large audiences
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 were the first in their family to attend university.
Benefits Of Working At The FCA
- 28 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% of basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach age 35)
- Life assurance of eight times your basic salary
- 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 Technical Specialist - Regulatory
- Advert Closing Date: Friday 20th June - midnight
- CV Review/Shortlist: Week Commencing 23rd June
- First Round Interviews: Week Commencing 7th July
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:
[email protected]Applications must be submitted through our online portal. Applications sent via email will not be accepted.
