Wholesale Banks Sector Specialist

6 months ago

London, United Kingdom Financial Conduct Authority Full time

Salary: National £65,200 to £98,000 and London £67,900 to £108,000
- Are you interested in playing a key role in supervising wholesale banks operating in the UK? If you are, then this could be the role for you.The Team/Department

The Wholesale Banks Sector Team is responsible for supporting the supervision of the Wholesale Banks portfolio. We identify risks in the sector, undertake analysis of firms’ business models, identify market trends and perform proactive supervisory work to identify the breadth and depth of issues.

We respond to risk events, such as market disruption or political events, by assessing the impact on firms and identifying appropriate strategies to reduce the impact on consumers and markets. We also work to imbed new policy or regulatory initiatives and ensure that firms are meeting the ever-evolving expectation on them.

We place a high priority on open and cooperative working, both with our internal and external stakeholders.

What you will be doing

The key responsibility will include
- Continuous monitoring of wholesale banking market trends and developments
- 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 analysis 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 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 will you 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 goals, and ultimately deliver against the FCA’s strategy and business plan commitments and core objectives
- Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle. 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:
- 28 days holiday per year plus bank holidays-
- 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 protectionWe 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.

The skills and experience you will have
- Minimum
- Experience of how UK wholesale markets operate with in-depth understanding of equities, fixed income, rates, derivatives or commodities markets and the services that support them, such as prime broking
- Previous experience of analysing and understanding market developments and complex wholesale markets issues and communicating the key facts and recommended actions to stakeholders

Essential
- In-depth knowledge of the wholesale banking business model
- Experience of leading projects and oversight of colleagues’ contributions and performance markets
- Good understanding of the UK and EU regulatory architecture
- Strong analytical skills, with the ability to quickly get the heart of complex issues
- Able to build strong relationships and influence colleagues, senior management and external stakeholders
- Excellent communication skills and the ability to draft complex written communications
- Able to plan and execute projects and longer-term workstreams
- Work effectively as part of a team and motivate colleagues by working inclusively

About the FCA

The FCA regulates the conduct of 50,000 firms in the UK to ensure our financial markets are honest, fair and competitive. We do this to make sure markets work well for individuals, businesses and the economy as a whole. For more information on what we do, our three-year strategy can be found

here.

The FCA's Values & Diversity

Our

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