Senior Supervisor - Market Abuse Surveillance

Senior Supervisor - Market Abuse Surveillance

Salary: National ranging from £51,200 – £64,000 and London from £56,400 – £71,000 per annum, salary offered will be based on skills and experience

Are you looking for a role where you can be at the heart of the FCA’s efforts to tackle market abuse?

The team / department

The Secondary Market Oversight Department discharges the FCA’s responsibility to combat market abuse in secondary markets and monitors markets in the service of the FCA’s broader objective to support market function and protect market integrity.

The Market Abuse Surveillance Supervision (MASS) team is at the heart of our operation. MASS supervises firms’ and trading venues’ market abuse surveillance, which is the first line of defence in detecting and preventing market abuse. It ensures market participants have effective systems and controls in place to detect and report potential market abuse to the FCA through suspicious transaction and order reports (STORs). MASS co-ordinates most of our outreach to regulated firms through industry forums, round tables and public speaking at conferences and other industry events. Its market professionals support the FCA’s monitoring of real-time events such as price spikes and potential ‘fat finger’ incidents which can result in disorderly markets, investigating the causes and liaising with internal stakeholders and relevant counterparties to assess the adequacy of their controls.

What you will be doing

This role will include:

• Supervision of the STOR regime, including leading visits to firms, trading venues and other market participants to assess their market abuse surveillance arrangements and STOR policies and procedures

• Working with other FCA teams on the assessment of new trading venues and benchmark applications to establish if proposed surveillance processes and procedures are in accordance with the relevant legislation

• Analysing the output of internal surveillance to identify activity which may indicate market abuse and referring any suspicious activity to the relevant FCA teams for review

• Contributing to the development of internal market abuse surveillance systems, processes and procedures

• Liaising with industry participants including delivering formal presentations and written communications to help highlight market abuse surveillance issues

• Providing input into proposed policy initiatives which relate to our area

What you will get from the role

• Opportunity to conduct 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 cases

• 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

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: 

• 25 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 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.

The skills and experience you will have

We are a signatory to the Government’s Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, should they meet the minimum criteria for a role.  

Minimum

• Experience of working in market abuse surveillance

• Proven experience of being able to work unaccompanied with a range of stakeholders, and influence people to achieve desired outcomes

Essential

• Strong technical understanding of UK financial markets and instruments

• Good knowledge of relevant legislation including UK MAR and MiFID II

• Experience of identifying key risks of harm from a range of information, including written documents and large datasets

• Ability to deal confidently and persuasively with a wide variety of internal and external stakeholders

• Strong oral and written presentation skills, with the ability to explain clearly and succinctly complex situations

• Strong Excel skills, with ability to identify key facts from a large amount of information

• Ability to manage several workstreams at once, ensuring issues are prioritised effectively and progressed on a timely basis

• Have drive, enthusiasm and flexibility

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 ambition is to cultivate a culture of inclusion 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.  

The FCA is committed to achieving greater diversity across all levels of the organisations. Given this, we particularly welcome applications from women, disabled and minority ethnic candidates for our Senior Associate - Regulatory role.

Flexible working

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 won’t judge you for asking.    
  

Multi-location

As part of the FCA’s on-going commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds, or London offices.  This means that as part of the application process you will be able to select your preference of which office location you would like to work from.   

Useful information  

Applications for this role close at 23:59 on 4th July 2024

This role is graded as Senior Associate - Regulatory

What to expect from our interview process  

The assessment process consists of an initial screening call with one our Recruitment Partners.  If successful, you will be invited to complete a case study and attend a first stage competency-based interview.

Got a question?    

If you are interested in learning more about the role, please contact:

For Internal applicants, please contact Louise Nash at Louise.Nash@fca.org.uk

For External applicants, please contact Beth Haydon at Beth.Haydon@fca.org.uk

Application support  

We want to remove any possible barriers and are committed to providing a wide range of reasonable adjustments so that you can keep the focus on your conversations and be at your best.  

If you have an accessibility requirement, disability, or condition that means you might require changes to the recruitment process, please contact your recruiter to discuss this further. Our aim is to make your application as easy and comfortable as possible, and your recruiter will be happy to work with you to make any necessary arrangements where possible. 

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