Type: Full Time
Application Deadline: March 3, 2025
Reference: R0017422
Division - Competition
Department - Regulatory Reform and Remedies
Salary - National (Edinburgh and Leeds) ranging from £51,200 to £67,000 and London £56,400 to £70,000 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.
We are currently looking to recruit someone with an economics background in our remedies function, sitting in the Regulatory Reform and Remedies Department in our Competition directorate.
You will be joining a pioneering remedy design unit, one of the first of its kind in UK regulation. The unit brings advanced evidence-led and foundational thinking to how the FCA intervenes in UK financial services, drawing on cutting edge practitioner and academic evidence on what works in public policy, as well as embedding the latest competition thinking into wider policymaking. We will achieve impact by shaping the frameworks, evidence base and options analysis that underpin what rules and other interventions the FCA might choose to make.
Our remedies function has developed an exciting programme of work to support intervention design at the FCA, including:
- Advancing the next generation of outcomes-based regulation thinking for the FCA, as part of evolving the principles and frameworks for how the FCA chooses different interventions
- Fusing evidence, causal chain and design thinking to support policy and supervisory teams in creating interventions, drawing on the full range of the FCA’s regulatory toolkit
- Deploying competition thinking when FCA interventions are being considered, ensuring any FCA action is underpinned by a strong understanding of how firms compete in the relevant markets
- Harnessing the latest evidence from other policymakers and academic literature on what works in public policy, developing a common evidence base for designing interventions at the FCA
- Collaborating with, influencing and supporting policy and supervisory teams across the organisation
What will you be doing?
You will play a key role within the remedies function, helping to progress a diverse programme of work within a new team, including scoping the role of the team on individual projects and leading on stakeholder engagement with colleagues across the FCA.
Providing high-quality analysis, you will influence a range of policy issues, where you will support the development of our regulatory approach. You will be responsible for driving the engagement with colleagues across the FCA and influencing senior colleagues and decision makers to advocate for the positive role of competition in markets.
You will scope and drive assessments of the impact of FCA interventions on markets, provide expert input on FCA publications and help to develop the Remedies team's economics expertise.
What will you get from the role?
You will collaborate with and build relationships with colleagues right across the FCA and get exposure at senior levels. You will also actively share and continue to develop your technical knowledge and skills in remedy design, as well as having the opportunity to support junior colleagues through work management.
The FCA has a thriving economics profession, with links to the Government Economic Service and beyond. You will enjoy a stimulating, collaborative environment with a range of opportunities for professional and personal development.
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
- Experience of working as an Economist
- Experience of working within Competition Policy either in policy-making or casework. This could be gained as a policymaker in a competition authority, another regulator, consultancy or government department; in an analytical role supporting policymakers, behavioural scientist or data analyst; or in any other policy-related role, for example advocacy or compliance
Essential
- Ability to apply economic principles to issues you are not familiar with and provide high quality analytical advice
- Ability to make a strong personal impact, influencing with well-reasoned arguments and questioning where appropriate
- Engage and collaborate effectively with stakeholders to build and maintain strong working relationships. Drafting and presenting for senior audiences. Experience in explaining complex issues well to both specialist and non-specialist audiences, orally and in writing
- Be comfortable with ambiguity, identifying the most important issues. Creative problem-solving, framing and structuring problems conceptually, prioritising work, and distilling results to generate insight
- Experience in driving delivery of complex projects, maintaining both pace and quality and including identifying and analysing different sources of information to inform analysis. Management capability to help plan, prioritise and allocate work within the team
- Role model commitment to self-awareness and learning. Build own network and support others to identify effective coping techniques
- Demonstrated knowledge and/or work experience relating to wholesale markets are non-essential but highly advantageous, particularly if gained in a public policy context
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. 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: Senior Associate - Regulatory
- Advert Closing Date: 2nd March
- Case study & interviews: 12th-14th March
- Final stage interviews: 19th & 20th March
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.
