Wholesale Banks Specialist - Regulatory

London, England, United Kingdom

1/3/2025

Division - Wholesale Sell Side

Department - MAP - Sell Side & Infrastructure & Exchanges

Salary - National (Edinburgh and Leeds) ranging from £67,100 to £91,500 and London £73,700 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.

MAP - Sell Side & Infrastructure & Exchanges: The Market Analysis and Policy department's responsibilities include Wholesale Markets and Wholesale Banks analytical teams, the wholesale market data team and the Wholesale Conduct and Fixed Income team.

This role is in the Wholesale Banks Sector Team within the Market Analysis and Policy (MAP) Department. The MAP department plays a central role within the Directorates that supervise wholesale market firms. We identify risks and trends in markets and firms and undertake analysis that supports our supervision and policy work. One of MAP’s objectives is to enhance the FCA’s knowledge of our markets and how emerging trends can impact our firms and our objectives.

What You Will Be Doing

We are looking with candidate with an excellent analytical understanding of wholesale banking business models and the markets in which they operate, including their relationships with other financial services firms and market structures. You should understand the conduct regulations that apply to wholesale banks and how they impact our objectives. A strong knowledge of wholesale banking business activities and products is required as well as practical market experience and the ability to evaluate risks in the sector.

The Key Responsibility Will Include

• Continuous monitoring of wholesale banking and market trends and developments, and using data and market knowledge to provide sophisticated insights and briefings to colleagues
• Reacting to market events with ability to work under pressure, engaging with firms at a senior level and reporting senior stakeholders on developments
• Undertaking analysis firms’ business models and using that review to anticipate where risks may be building in the sector
• Leading multi-firm projects that investigate and diagnose conduct risks in wholesale banks
• Building constructive working relationship with other authorities in the official sector (UK and international) and industry stakeholders to understand and resolve shared challenges
• Representing the team in a professional manner with internal and external stakeholders, providing an effective and constructive liaison point within the department, across the FCA and externally
• Contributing to and overseeing the preparation of internal and external communications to ensure our messages are conveyed clearly and well-understood by our audience
  
  

What You Will Get From The Role

• Be at the centre of wholesale markets events and the response from UK authorities to those mitigate the impact of events
• Represent FCA externally to industry leaders including regulated firms, trade bodies, overseas regulators and industry standard setters
• Use your analytical skills to identify key trends in wholesale banking and wholesale financial markets and build strategies that can mitigate the risks to consumers and markets
• Using leadership skills deliver against the department’s objectives, and ultimately deliver against the FCA’s strategy and business plan commitments and core objectives
  
  

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

• Detailed first-hand experience of wholesale banking and an in-depth experience of wholesale banking business models
• Excellent experience of how UK wholesale markets operate with in-depth experience of equities, fixed income, rates, derivatives or commodities markets and the services that support them, such as prime broking
• Experience of designing and supervising projects and providing the oversight of colleagues’ contributions and performance
  
  

Essential

• Strong reasoning skills, with the ability to quickly get the heart of complex issues, particularly through the use of a range of data
• Excellent ability to understand market developments and complex wholesale markets issues and communicate the key facts and recommended actions to internal stakeholders
• Good understanding of the UK financial regulation and how it applies to wholesale banks and wholesale markets
• Able to gain knowledge and understanding of new subject areas quickly and independently
• Able to build strong relationships and influence colleagues, senior management and external stakeholders
• Excellent communication skills, with the ability to draft complex written communications
• Work effectively as part of a team and motivate colleagues by working inclusively
  
  

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.

The FCA is committed to achieving greater diversity across all levels of the organisation. Given this, we particularly welcome applications from women, minority ethnic, disabled, and neurodivergent candidates for our Technical Specialist role.

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%
• Life assurance
• 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 Technical Specialist – Regulatory
• Advert Closing Date: 19th January 2025
• CV Review/Shortlist: 21st January 2025
• First Round Interview Assessment: W/C 27th January 2025
  
  

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:

• For internal applicants, please contact Linda Bradley at Linda.Bradley@fca.org.uk
• For external applicants, please contact Aaron Ward at Aaron.Ward@fca.org.uk
  
  

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