Technical Economist in Wholesale Markets and
6 months ago
Technical Economist in Wholesale Markets and Financial Stability
**Salary**: National - ranging from £65,200 - £101,000 and London from £67,900 - £108,000 per annum
The team/ department
Economics is at the heart of what the FCA does. Economic thinking and analysis inform our regulatory decisions and shape how we tackle some of the biggest issues in financial services. There are few jobs where you can make a real difference to the 40 million consumers of financial products, the 2 million people who work in the UK Financial Services industry, and to the integrity and stability of the financial system.
We are currently recruiting for a Technical Specialist (TS) to join our Economic Strategy (Wholesale Markets) team in the Economics Division. As a TS, you will lead economic analysis and provide rigorous economic advice and technical guidance on wholesale market and financial stability matters. In addition, you may be involved in the FCA’s engagement with international standard setting bodies, in particular the Financial Stability Board (FSB) and the International Organization of Securities Commissions (IOSCO). We are looking for an experienced economist with strong understanding of wholesale capital markets, their functioning and underlying risks. This is an exciting opportunity for a highly-skilled individual to help us shape the FCA’s work and strategy on critical issues related to market integrity and financial stability.
The team is the hub for strategic analysis of wholesale markets and financial stability issues within the Economics Division. Domestically, we contribute to the Financial Policy Committee’s (FPC) discussions on financial stability. Internationally, we represent the FCA in key international forums at the FSB and IOSCO, to identify, analyse, and respond to emerging issues and risks in global capital markets. The team also contributes to horizon scanning and analysis in financial markets, and undertakes longer-term research projects.
The Economics Division is formed by a vibrant mix of nationalities and works closely with colleagues across the FCA to ensure high-quality analysis and effective decisions across all aspects of FCA regulation. The Division is made up of teams covering policy analysis in retail and wholesale financial markets, economic strategy (wholesale markets and consumers), horizon scanning, research, behavioural and economic data science, and evaluation. Teams work closely with other domestic and international regulators, regulatory forums such as the Digital Regulation Cooperation Forum, the academic community, the Bank of England, and central government. Staff are eligible to join the FCA’s growing Economics Profession network.
What you will be doing (the role)
In addition to creating robust, evidence-based analysis, you will be skilled in communicating your findings to a range of internal and external audiences (including non-technical senior stakeholders) and to potentially represent the FCA in domestic or international working groups. You will support, brief and influence management on content and strategic direction on issues discussed in relevant forums, articulating FCA perspectives and wholesale market expertise.
As part of your role, you will manage various relationships with internal and external stakeholders and act as an advocate for the Economics Division - seeking out ways to build and share your economic knowledge. In addition, in order to support analysis, you will develop a network of academic and policy contacts while keeping up to date with developments on relevant topics. You will disseminate relevant information internally so that colleagues can develop their technical expertise across wholesale markets and financial stability areas.
You will be responsible for mentoring, developing, and supporting more junior members of the team and the Economics Division more broadly.
What you will get from the role
You will have a rare opportunity to understand and shape the workings of the financial sector at a time of considerable change. You will enjoy a unique aerial view of the financial services industry, with the opportunity to do meaningful work that makes a real difference.
You will have the opportunity to work with and influence senior decision takers, both internally and externally to the FCA.
You will be part of a thriving economics profession at the FCA, with links to the wider Government Economic Service and beyond, and enjoy a stimulating environment with a range of opportunities for professional and personal development. You will be joining a multicultural community of economists, econometricians, behavioural scientists, and data scientists, with opportunities to attend academic and industry conferences.
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
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