Senior Associate

Senior Associate - Market Surveillance

Background

The Market Surveillance team plays a pivotal role within the Market Oversight Division to tackle the harm that market abuse can cause to the integrity of the UK financial system.

With a clear strategy in relation to STOR supervision of firms and venues, in-house surveillance development and external stakeholder engagement, the Market Surveillance team achieves public value through:

- Supervising firms and venues to improve their market abuse arrangements, systems and procedures, from detection of market abuse to STOR submission. This makes it harder for individuals to commit financial crime or misconduct and ultimately enhances the integrity of the UK financial markets.
- Developing new ways to detect market misconduct through innovative surveillance solutions and collaborations in pursuit of the FCA’s credible deterrence strategy. By assisting in the development of in-house surveillance, we help to detect suspicious trading for our colleagues in the Conduct Enquiries teams to investigate.
- Engaging with other regulators, surveillance industry and academic institutions to discuss new types of abuse, prepare for new challenges, and to share and promote good surveillance practices. These collaborations help the FCA to be recognised by all stakeholders for our contribution to making the UK financial system work well for everyone.

What does this job involve?

An opportunity has arisen for a highly motivated individual to join the Market Surveillance team. The role will include:

- Supervision of the STOR regime, including assisting with and leading visits to firms, trading venues and other market participants to assess their market abuse surveillance arrangements and STOR policies and procedures
- Providing market commentary to FCA senior management covering secondary market activity where required
- Analysing the output of internal surveillance to identify activity which may indicate market abuse, and referring any suspicious activity to the relevant Enquiries teams for review
- Contribution to the development of internal market abuse surveillance systems, processes and procedures
- Providing input into proposed policy initiatives which relate to our area
- Liaising with industry participants and other areas of the FCA, delivering formal presentations to help communicate market abuse surveillance issues

Specific insights or unique benefits the role offers:
Exposure to senior industry leaders, opportunity to work with international regulators
- Opportunity to lead specialist supervisory visits to firms and trading venues
- Exposure to a range of interesting surveillance projects and work streams
- Opportunity to develop and share professional expertise and knowledge through exposure to a wide range of complex and challenging situations
- Opportunity to work closely with the other teams within the FCA
- Opportunity to engage with surveillance practitioners within industry, and represent the FCA at forums and conferences

Which minimum, essential & desirable skills are required?
- Minimum criteria_
- _Any disabled applicant meeting the minimum criteria will automatically progress to interview stage, should they enter under the _
- Disability Confident scheme_
- ._
- Good understanding of the surveillance requirements contained in UK MAR
- Practical experience and a technical understanding of financial markets
- Essential criteria_

Behavioural & technical skills essential to perform the role, referring to our

Capability Framework
- Ability to deal confidently and persuasively with a wide variety of internal and external stakeholders, including industry surveillance professionals
- Knowledge and understanding of financial instruments
- An understanding of the roles of trading venues and other participants in detecting market abuse
- Strong Excel and analytical skills, with the ability to identify key facts from a large amount of information
- Strong oral and written presentation skills, with the ability to explain clearly and succinctly complex situations
- Ability to manage several workstreams at once ensuring issues are prioritised effectively and progressed on a timely basis
- A team player with a positive attitude
- Strong time management and the ability to think clearly in fast moving situations
- Drive, enthusiasm and flexibility
- Desirable criteria_

Behavioural & technical skills that would be useful in the role, referring to our

Capability Framework
- Compliance / surveillance / supervisory experience in wholesale financial markets
- Knowledge of market abuse surveillance systems

Additional information

Can this role be offered on a flexible basis?

As an inclusive employer, we should always consider offering roles on a flexible basis - e.g. job-share, part-time.

We may consider part-time arrangements.

Useful Information
- This role is graded as Senior Associate
- The salary range will be approximately 50,000 - 80,000 GBP plus benefits packa