The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK government, and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the UK’s financial markets. It focuses on the regulation of conduct by both retail and wholesale financial services firms.

Job Purpose:

  • Markets Policy is responsible within Strategy & Competition Division for wholesale and markets policy issues
  • Working alongside colleagues responsible for supervising firms operating in the wholesale markets, and engaging widely with EU and other international bodies, we help markets work well by ensuring that the regulatory framework is robust and meets the needs of all market participants and users
  • The Market Analysis and Risk Team works flexibly and proactively on a wide range of wholesale markets issues, providing resources and analytical skills to inform and support our work across the full range of market policy issues, from primary markets through to derivatives
    • First, we do forward and data-driven thinking on emerging risks and new developments in or impacting on wholesale capital markets (e.g. liquidity in bond and other markets; high-frequency trading; developments in the derivatives market; and implications of a low interest rate environment)
    • Second, we use our analytical resources in collaboration with colleagues in other teams to evaluate the impact of public policy pre-or post-implementation of such policy
    • Third, we work on developing domestic policy and participate actively in international standard setting work

Your Responsibilities:

  • We are looking for someone who has a strong interest in increasing our understanding of key developments across the range of asset classes in the UK’s capital markets, including equity and debt markets, derivatives and ETFs
  • You will have a strong over-arching of how these markets work and are inter-linked, curiosity in identifying new developments, and the ability to draw evidence-based conclusions and to construct a narrative across these different market segments
  • A key focus of our work over the next year will be to understand the impact of MiFID II on these markets
    • the degree and pace of fragmentation across capital markets
    • the impact of algorithmic and automated trading
    • the drivers behind pressures on market liquidity
    • whether and how the costs of trading are evolving

Skills and Qualifications:

  • You will also have a strong analytical background, including quantitative analysis, and the ability to link this data-led analysis into our policy-making role
  • The role will involve working on a number of projects at any one time, so being flexible and juggling sometimes competing priorities is important
  • It will also involve helping to steer the work of specialist quantitative analyst and programming colleagues on the team
  • Evidence of strong written communication skills
  • The willingness to apply your experience and expertise successfully to a range of different issues and within a policy context, and with drive, energy and enthusiasm;
  • Ability to work on own initiative, combined with excellent team-working and a highly collaborative and flexible approach
  • Ability to plan and structure your own agenda, and deliver outcomes, especially when working on extended projects
  • Project management/co-ordination
  • Good working knowledge of relevant markets, including structures, products, processes and players
  • Strong analytical and quantitative financial market data analysis skills
  • Knowledge and experience of relevant coding languages, for example R or Python.

Source: for more information click here.

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