Benchmark and Credit Ratings Policy Technical Specialist - #1708791

Title - Benchmark and Credit Ratings Policy Technical Specialist

Division – Market Interventions - Capital Markets

Salary - National (Edinburgh and Leeds) ranging from £72,100 to £102,100 and London £79,300 to £112,300 per annum (Salary offered will be based on skills and experience)

About The FCA

The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA.

You will join a dedicated team of policy professionals who are focused on shaping creative and evidence-based policy solutions that benefit consumers, markets, and competition. We work collaboratively, including with stakeholders across the FCA and externally, to solve problems and deliver market integrity.

We are committed to sharing our knowledge and encouraging new ideas. Our team is responsible for making policy which aims to prevent harm to consumers and markets from the use of benchmarks and credit ratings.

What will you be doing?

• Providing expert advice, creativity and critical judgement to help shape, support and challenge the development of the team’s policy solutions on future regulation
• Working closely with Supervision colleagues on shaping and challenging the outcomes of thematic workstreams relevant to future regulation
• Engaging and influencing a range of internal and external stakeholders to develop and deliver the best outcome for wholesale markets
• Sharing knowledge and experience through partnering, education and consulting based on the subject matter whilst mentoring and coaching staff on technical issues relating to policy development and regulation
• Providing thought leadership in the capital markets sphere
  
  

What will you get from the role?

Role

This role is an exciting opportunity to work at the heart of policy in the FCA in an evolving area. As part of this role, you will have the opportunity to:

• Get significant exposure to UK capital markets, working closely with a wide array of stakeholders, including market participants, trade bodies and other regulatory and government bodies
• Play an important role in shaping wholesale markets in the UK at a time of significant change
• Gain exposure to FCA Senior Management, with periodic discussions at both the executive regulation and policy committee and the FCA Board
• Develop a deep understanding of the benchmarks and credit ratings portfolios and how they function
• Contribute and support wider, cross-cutting strategic issues, such as Artificial Intelligence (AI) and Environmental Social & Governance (ESG)
  
  

Which skills are required?

We are a Disability Confident Employer; therefore, disabled people or individuals with long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. (To learn more about the Disability Confident Scheme Click Here)

Minimum

• Prior experience of policy development, including engagement with a wide range of stakeholders and decision makers, and implementation of complex deliveries
• Prior experience and understanding of wholesale financial market regulation and the application of our rules in practice (must have an understanding of the FCA Handbook and associated law)
• Prior experience and understanding of benchmarks and/or credit ratings and applicable regulations
  
  

Essential

• Ability to build strong network across the organisation and have confidence in working at all levels across the FCA to deliver and provide advice and challenge on a range of matters
• Credible, persuasive communicator, able to communicate views positively and effectively to all levels of staff and stakeholders inside and outside the organisation
• Sound judgement, including being prepared to make reasoned decisions in circumstances of limited or inconclusive information
• Strong team player who shares knowledge, provides training and inspires others to develop skills and capabilities
• Excellent delivery capability with ability to prioritise and manage multiple workstreams to tight deadlines
• Strong written and oral communication skills
  
  

Our Values & Diversity

We are proud to be an inclusive employer and our ambition is to cultivate a culture for all employees that respects their individual strengths, views, and experiences. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation.

Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.

Did you know?

50% of our Executive Committee were the first in their family to attend university.

Benefits Of Working At The FCA

• 28 days holiday per year plus bank holidays
• Hybrid working (work from home up to 60% of your time)
• 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 protection 
  
  

 

We also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle.

We welcome applications from candidates who are looking for flexible arrangements.  Many of our staff work flexibly including working part-time, staggered hours, and job shares.  We can’t promise to give you exactly what you want but we can explore what might work best for both sides.

Follow this link to see what life is like at the FCA - Life at the FCA

Application Support

We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible.

If you have an accessibility need, disability, or condition requiring changes to the recruitment process, please contact your recruiter using the details below and they will be happy to discuss this further with you.

Useful Information and Timeline

• This role is graded as Technical Specialist - Regulatory
• Advert Closing Date: Sunday 1st June - Midnight
• CV Review/Shortlist: Tuesday 3rd June
• First Round Case Study Assessment: W/C 9th June
• Competency Based Interview: Starts W/C 16th June
  
  

Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time.

Got a question?

If you are interested in learning more about the role, please contact Cameron Nunn at [email protected]

Applications must be submitted through our online portal. Applications sent via email will not be accepted.