Senior Associates

Financial Conduct Authority

London or Edinburgh

Application Deadline

London or Edinburgh

We are currently recruiting for a number of Senior Associates roles (full time or part-time) to join our growing Economics Division.

As a Senior Associate, you will have an opportunity to understand and shape the workings of the financial sector at a time of considerable change. You will enjoy exposure to many retail and wholesale financial markets, with the opportunity to do meaningful work that makes a real difference.

You will be part of a thriving professional community and enjoy an environment that offers a range of opportunities for professional and personal development.

You will have the opportunity to work on projects developed and managed by the Economics Division and influence the FCA’s work through thorough and robust analysis of the impacts of the FCA’s activities.

You will also have the chance to develop further your economic and/or econometric skills, as well as professional skills, through both formal and informal opportunities, such as online training and multi-day courses.

The role offers an attractive package of salary and benefits, and extensive development opportunities in applied economics, financial services and broader professional skills.

We are looking for a range of different skills, and it may be that you have particular experience in one area but not another. We are interested in hearing from candidates that have experience in one or more of the following:

  • experience in policy development both in terms of cost-benefit analyses and impact evaluation
  • an ability to frame problems and distil solutions in an economic framework and in an easily digestible format
  • experience carrying out econometric and/or data science analysis to inform policy development or evaluation or to research policy questions

Key roles and responsibilities

  • You will be responsible for providing economic advice on a range of issues relevant to the FCA. Your focus will be on retail financial markets (eg general insurance, pension, mortgage, consumer credit, retail banking and payment services) but you may also provide economic advice on wholesale market issues
  • You will have the opportunity to play an integral role in driving our decision-making process, directly influencing our policymaking activity and our approach to regulation
  • Drawing on a mixture of quantitative and qualitative techniques, you will be responsible for scoping, managing and delivering analysis to ensure our evidence base for strategy-setting, policy-making and evaluation is robust and rigorous. You will also have access to data-sets available to the FCA, as the financial services regulator, to conduct your analyses

Your roles and responsibilities will be determined by your experience and skillset but are likely to include a range of:

  • Using both theory and empirical evidence to advise FCA teams on the likely impact of their proposed interventions. This includes being responsible for agreeing the analytical approach to cost-benefit analyses of future policies with the relevant policy team and communicating clearly to internal and external audiences (including non-technical senior stakeholders)
  • Devising methodologies and approaches to evaluate previous FCA interventions and contribute to improving the FCA’s efficiency and effectiveness
  • Designing and carrying out analysis of large complex datasets using econometric and/or data science methods to answer policy questions
  • In addition, you will develop and support more junior economists. For example, you will have the opportunity to work manage junior team members for some projects.

You will be joining a multicultural community of economists, econometricians, behavioural scientists and data scientists, with opportunities to attend academic and industry conferences.

Skills/Experience Required

We’re 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. A minimum criterion needs to be measurable from reviewing a candidate’s CV. Exceptions may apply if due to the volume of applications we are not able to interview all eligible candidates who qualify under the scheme.

  • A degree in economics (or related discipline) with significant relevant professional experience
  • Proven experience in applying microeconomics to analysis of market problems
  • Experience of providing high-quality economic advice


  • You will have experience in communicating and explaining complex issues with clarity, simplicity and precision to both specialist and non-specialist audiences both orally and in writing
  • Experience in delivering analytical projects, including identifying and analysing different sources of information to inform analysis
  • Ability to work collaboratively and effectively with internal and external stakeholders, developing and maintaining working relationships
  • Ability to deliver and thrive in a fast-moving environment, maintaining pace and quality of delivery
  • Ability to make a strong personal impact, persuading with well-reasoned arguments and challenging where appropriate
  • Ability to frame problems conceptually, structure and prioritise analysis to address these, and distil results to generate insight

In addition, you will have one or more of these skills/experience:

  • Understanding of the techniques used in cost benefit analysis and ex-post impact evaluation
  • Experience in applying scenario-based analysis
  • Experience conducting data analysis using statistical packages (such as R, Stata, Python)


  • Experience of financial services markets and/or an understanding of financial services regulation
  • Understanding of the FCA approach to cost benefit analysis and ex post evaluation
  • Awareness of systems thinking
  • Experience using R and/or Python to analyse large, complex datasets

About Us

The Economics Division is looking to recruit Senior Associates to provide economic advice and analysis on the impact of the FCA’s proposed and past interventions, to help shape the economic analysis underpinning FCA policy changes in financial markets and to help advise on the economic issues underpinning the FCA’s work.

The Economics Division, which is formed by a vibrant mix of UK and international staff, works closely with colleagues from across the FCA to ensure high-quality analysis and effective decisions across all aspects of FCA regulation. It is responsible for providing economic and financial analysis for the FCA’s policy making, and for the quality of the FCA’s Cost Benefit Analyses (CBAs). It also leads the FCA’s ex-post impact evaluation programme.

The FCA’s Values & Diversity

Our ambition is to create a diverse and inclusive workplace that reflects the society we serve, helping us to be a better regulator.

As an inclusive employer, we are open to considering flexible working arrangements. Please contact our recruiter if you wish to apply for this role on a flexible basis.

Useful Information

  • This role is graded as Senior Associate, Regulatory
  • Applications for this role close on 26 June.

The FCA has a national role and is committed to a national footprint. This role can be based in London and Edinburgh.

The FCA has London and National Pay ranges to reflect regional differences. The salary will be:

London: up to £70,000.

National (roles in Edinburgh): up to £65,000

Please submit your CV and answer the following application question: Why do you believe that you are suitable for this role?

Please ensure that you specifically relate your answer to the criteria listed in the job advert, covering your relevant skills, technical knowledge and competencies.

If you are interested learning more about the role, please contact Chhavi Bartaria on

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

The FCA is currently trialling a new hybrid way of working, requiring colleagues to spend 40% of their time in the office each month until the end of July. This trial period will allow us to identify the most appropriate balance of hybrid working, enabling us to benefit from the best of both working in an office environment and remotely.

The Financial Conduct Authority (FCA) has recently set out a new employment offer designed to reward strong, consistent performance, aid career development and close pay gaps.

This follows an extensive, wide-ranging and comprehensive consultation with all FCA colleagues and the FCA’s Staff Consultative Committee. The changes, including updates to the proposals consulted upon, will mean that the FCA continues to provide one of the best reward packages of any regulator or enforcement agency in the UK.

If you have any questions please speak to your recruiter or visit the FCA website (or intranet for internal colleagues).

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