Division - Wholesale Sell Side

Department - Wholesale Conduct & Credit

Salary - National (Edinburgh and Leeds) ranging from £57,600 to £78,000 and London £63,300 to £85,000 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.

Wholesale Conduct & Credit: The Wholesale Conduct & Credit team focuses primarily on non-equity markets. We look at policy issues in fixed income markets, including government debt, corporate bonds, derivatives and structured markets - such as covered bonds and securitisation. We also do policy for wholesale conduct, addressing issues such as unbundled research and trading surveillance. We work closely with HMT, the PRA and international regulators. We have a wide reach across industry, both here and outside the UK.

What you will be doing

We have an exciting opportunity for a Lead Associate in the Wholesale Conduct and Credit Team. The team has a broad and exciting remit, including:

• Fixed income policy including the Securitisation framework and the regulation of Covered Bonds
• Supervision of structured finance markets
• Owning the FCA rules and advising on the wholesale conduct areas of MiFID II including the rules addressing conflicts of interest, i.e. research and inducements and best execution as well as other conduct of business requirements
• Influencing and determining the UK’s policy position on these topics following withdrawal from the EU
• The role would be specifically to oversee on changes to the Securitisation Regulation, working with colleagues in Authorisation and Supervision to ensure joined up FCA approach to interpreting and implementing any changes in relation to securitisation rules
• As a Lead associate in the team, you will be instrumental in developing and implementing the FCA policy on securitisation

What you will get from the role

• Leading on the review of the securitisation regulation
• Working with stakeholders, internal and external to help support and deliver policy outcomes at UK and international level
• Contributing policy expertise, background and interpretation to internal and external stakeholders ·
• Participating in a constructive working relationship with other authorities in the official sector (UK and international) and industry stakeholders to understand and resolve challenges ·
• Supporting the preparation of communications to ensure regulations and our expectations are embedded and understood by the industry
• This is an exciting role for someone looking for policy exposure to the UK securitisation framework.

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

• Experience working in financial services, financial regulation or policy making
• Experience in the resolution of financial regulatory or policy issues
• Experience of managing senior stakeholders – externally and internally

Essential

• Working knowledge of the securitisation regulation
• Good understanding of the UK and EU regulatory architecture
• Ability to evaluate regulatory issues and make judgements supported by evidence, including where only partial information is available
• Strong commitment to collaborative working, including willingness to respond positively to question from others
• Proven ability to deliver work independently
• Excellent communication skills, with demonstrated ability to tailor communication to less technical audiences
• Relationship management skills and the ability to influence stakeholders

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 Lead Associate role.

Benefits of working at the FCA

• 25 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 Lead Associate – Regulatory
• Advert Closing Date:  15th December 2024
• CV Review/Shortlist: 17th December 2024
• First Round Case Study and Interview Assessment: W/C 30th December 2024
• This is a Two Year Fixed Term Contract

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 [email protected] 
• For external applicants, please contact Aaron Ward at [email protected]​

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