Lead Supervisor Market Abuse Surveillance

Lead Supervisor – Market Abuse Surveillance

Division – Enforcement and Market Oversight

Department – Secondary Market Oversight

Team – Market Abuse Surveillance Supervision

Salary - National (Edinburgh and Leeds) ranging from £59,100 - £81,800 and London £64,000 to £90,700 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.

The Enforcement & Market Oversight (EMO) division is responsible for the FCA’s responsibilities for market monitoring, delivery of the functions of the UK Listing Authority (UKLA) and the investigation and prosecution of misconduct using the whole spectrum of criminal, civil and administrative sanctions and remedies against firms and individuals.

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 will you be doing?

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

• Having accountability for the delivery of proactive supervisory and project work, including developing strategies, processes, planning, proactive project management, methodology development, proportionate risk mitigation and communication strategies

• Building, maintaining and developing effective relationships with stakeholders, including at a senior level and internationally

• Overseeing the work of others and providing guidance, coaching and feedback

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

• Providing input into various projects and workstreams which relate to our area

What will you get from the role?

• An interesting and varied workload, with responsibility for delivering the work assigned to you

• An opportunity to develop and share professional expertise and knowledge through exposure to a wide range of complex cases

• An opportunity to develop and enhance people management skills

• An opportunity to engage with surveillance practitioners within industry and represent the FCA at forums and conferences, both in the UK and overseas

• An opportunity to help shape the team’s future activities and ways of working

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

• Proven experience in a market abuse surveillance role, or a related role within a regulatory body, financial services or consultancy firm

• Experience of managing and delivering projects, prioritising, planning, coordinating the involvement of others, monitoring and reporting progress

Essential

• Strong technical understanding of UK financial markets and instruments

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

• A team player, with a positive approach and outlook to their work

• Excellent communication skills and experience of communicating complex information in a way that is accessible to a range of recipients

• Experience of motivating others, mentoring and coaching less experienced team members, sharing knowledge, building capability and giving feedback

• Demonstrable expertise in building effective working relationships with a variety of internal and external stakeholders, providing effective challenge and seeking mutually beneficial solutions to problems

• Significant experience of analysing and interpreting a variety of data and information to execute effective action to mitigate risk

• Ability to work well under pressure and to manage a variety of competing work streams and prioritise accordingly

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 Lead Supervisor 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% 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 Level 6 Associate

• Advert Closing Date: Tuesday 29th April

• CV Review/Shortlist: Thursday 1st May

• First Round Interview: Week Commencing 12th May

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@fca.org.uk

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