Division - Competition
Department – Economics department
Salary - National (Edinburgh and Leeds) ranging from £51,200 to £64,000 and London £56,400 to £70,400 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.
This role is in the Competition Division (CD). CD leads the FCA's competition mandate and much of our work is focused on ensuring markets are working well for consumers.
Within CD sits the Competition Economics team. Our aim is to apply our unique mix of expertise in competition, economics, and quantitative analytical frameworks, working together to:
- Describe and diagnose poor outcomes or harm, and how these could stem from ineffective competition
- Identify where competition issues might exist currently or in future, and which to prioritise
- Build robust evidence on those issues and advise on the best way to remedy or mitigate issues by taking proportionate action where appropriate
You will be a key member of the team, leading on and carrying out the competition and economic analysis to support our projects in a variety of financial services markets. You will play a crucial role in designing and delivering high quality competition economic analysis of markets and firms including to diagnose harm in markets, identify competition law infringements, and inform remedies.
What you will be doing
You will work alongside colleagues to scrutinise markets and firm behaviour. Your work will include:
- Scoping problems that require economic and competition investigation, including market failures that may be causing poor outcomes for consumers
- Supporting the Manager in overseeing the activity of team. This might include allocating tasks, supporting and developing more junior colleagues, and planning project delivery
- Supporting, line and / or work-managing colleagues
- Driving the delivery of high quality findings, including quantitative economic data, which will be used to make evidence-based decisions and recommendations
- Influencing and developing the team and department’s strategy, helping to define priority outcomes and measures of success, using your judgement to advance the FCA’s goals, and presenting on behalf of the team
What will you get from the role?
As part of the team, you will get to investigate whether and why financial services markets might not be working well for consumers. You will also help propose economically sound remedies for how financial services markets could be improved.
The work will allow you to apply your economic skills to real problems in financial service markets. You will be asked to scope hypotheses and produce high quality economic analysis to test your hypotheses.
As a key member of the team, you will contribute to setting priorities, planning and driving the delivery of / contribution to complex and high-profile projects.
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
- Previous experience of working as an economist at a regulator, government department, consultancy, industry or in academia
- A degree in Economics
- Experience of working with data sets, and performing statistical reviews using software packages such as, R, Stata, Python
Essential
- Experience of driving forward, scoping and delivering relevant economic work, making judgements and presenting key issues and recommendations to senior stakeholders
- Strong management capability (e.g., project management) to help plan, prioritise and allocate work within the team
- Ability to review complex information on markets and firm behaviour to form analysis
- Ability to work collaboratively and effectively as part of a multi-disciplinary team
- An interest in working with economic data sets to produce accurate and thorough findings
- Excellent drafting and oral communication skills
- Experience with and understanding of the economics that underpins competition policy. Candidates will be tested on this at interview
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.
The FCA is committed to achieving greater diversity across all levels of the organisation. Given this, we particularly welcome applications from women, minority ethnic, disabled, and neurodivergent candidates for our senior associate role.
Benefits of working at the FCA
- 25 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%
- Life assurance
- 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.
As part of the team, you will get to investigate whether and why financial services markets might not be working well for consumers. You will also help propose economically sound remedies for how financial services markets could be improved. You will contribute to setting priorities, planning and driving the delivery of / contribution to complex and high-profile projects.
The work will allow you to apply your economic skills to real problems in financial service markets. You will be asked to scope hypotheses and produce high quality economic analysis to test your hypotheses.
Ultimately you will get to make a difference – your problem solving and the crucial role you will play in analyses will help consumers get access to better financial services markets
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 Senior Associate – Regulatory
- Advert Closing Date: 29th January
- First round competency interview: W/C 10th February
- Second round technical interview: W/C 17th February
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:
- For external applicants, please contact Chhavi Bartaria at Chhavi.bartaria@fca.org.uk
- For internal applicants, please contact Lucy Matthews at Lucy.matthews@fca.org.uk
Applications must be submitted through our online portal. Applications sent via email will not be accepted.
