Senior Wholesale Trading Venues Associate

5 months ago


London, United Kingdom Financial Conduct Authority Full time

Salary: National £49,700 - £61,500 and London £53,300 - £68,000 per annum
- _Salary offered will be based on skills and experience_
- Are you interested in joining a team that will help shape and deliver the future of Trading Venue supervision at the FCA?_

The Role

Are you interested in joining a team supervising the UK’s wholesale markets? We are looking for a talented Senior Associate to join the Flexible Trading Venues team within the Trading Venues & Corporate Finance Firms Department of the FCA. Your role will contribute to the FCA strategy from a Wholesale Markets perspective and involve supervising trading venues (Recognised Investment Exchanges, Multilateral Trading Facilities and Organised Trading Facilities) offering markets in a variety of financial instruments including equities, derivatives and commodities. This portfolio includes a wide variety of trading venues operating in the UK offering traditional and innovative solutions. Our work encompasses all aspects of the initial recognition or authorisation and continuing supervision of the venues, according to relevant obligations that aim to deliver fair, orderly, and resilient markets.

Through our work, we aim to advance market integrity, investor protection and effective competition in the interests of consumers. You will use your analytical skills to identify risk in the business models and strategies of the firms in our portfolio. Our team members have diverse backgrounds including regulation, trade associations, market structure, and trading. If you have a similar interest of, or experience within, wholesale markets combined with excellent communication skills and are keen to develop your career, this could be the job for you

What you will be doing

As a Senior Associate, you will work with others as part of a team to advance our supervisory priorities for these Trading Venue firms. You will directly supervise the firms, and will receive exposure to diverse issues, senior level engagement both across the FCA and with regulated firms and will work at pace in a stimulating and high-energy environment. You will deal with more complex issues and cases and be expected to work independently making supervisory judgements and recommendations as appropriate.

Your work will often involve liaising closely with specialist areas including teams who monitor for market abuse, assess financial and operational resilience, and supervise financial crime risks. The teams also regularly work with colleagues across Authorisations, Enforcement, Markets Policy, International and Legal divisions

Responsibilities will include:
- Direct engagement with regulated firms to improve our understanding of firm specific issues and the markets they operate within-
- Identifying and analysing the key risks within each portfolio to help set and implementing the team's supervisory strategy to mitigate these risks- Working with the team to develop a consistent FCA response to issues identified across the Trading Venues portfolios- Drafting high-quality communications to deliver key messages internally to stakeholders, as well as externally to firms as needed- Building, maintaining and leveraging relationships with key stakeholders to influence and deliver through others in and outside of the department as needed

What will you get from the role?

Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle. You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option top up your base salary by taking this as cash. Core benefits that you will receive as standard are:
- 25 days holiday per year- Private healthcare with Bupa- A non-contributory Pension of at least 8% of your basic salary each month (there are several contribution levels that increase depending on your age - up to 12% a month once you reach the age of 35)- Life assurance of eight times your basic salary- Income protection

We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations

You will also get:
- An opportunity to work with a team and wider department at the forefront of the FCA’s work in this area- An in-depth, cutting-edge insight into the regulated industry and the relevant regulations and legislation- Satisfying, worthwhile and responsible work with the opportunity to use and develop your skills in complex situations- An interesting and varied portfolio of work, working with colleagues from across the department and other parts of the FCA- Work in a high-energy and stimulating department, within a supportive team environment that continually seeks to develop individuals

The skills and experience you’ll have

Minimum- Experience of wholesale markets- Experience of equities and/or derivative asset classes or- Experience of supervising trading



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