Senior Economist (Wholesale Markets – Policy Analysis)
Salary: National – ranging from £51,200 – £70,000 and London from £56,400 – £75,000 per annum
Do you want to join a high performing, diverse team which will give you the opportunity to apply your economic expertise to meaningful work that makes a real difference?
The team/department
Economics is at the heart of what the FCA does. Economic thinking and analysis inform our regulatory decisions and shape how we tackle some of the biggest issues in financial services.
We are currently recruiting for a Senior Economist to join our Wholesale Markets – Policy Analysis team in the Economics Division. As a Senior Economist, you will provide analysis and economic advice on wholesale financial markets in such areas as capital markets, investment management, trading venues and crypto assets. The prime focus of the team is to undertake cost benefit analysis of policy interventions. You will have the opportunity to conduct market analyses and applied research to support evidence-based decision making in wholesale financial markets.
What you will be doing (the role)
- Contribute with analysis and economic advice on a range of issues relevant to the FCA with a large focus on topics in wholesale markets.
- Developing robust cost benefit analyses for wholesale market interventions, ensuring this can stand up to the rigours of the new CBA panel, as well as intense external scrutiny.
- Using quantitative and qualitative methods to evaluate and assess the efficiency of previous interventions and inform the design of new interventions.
- Contribute to analytical projects in collaboration with other FCA areas. The projects may involve tight deadlines and various degrees of depth and rigour.
- Besides providing robust, evidence-based analysis, you will be skilled in communicating your findings to a range of internal and external audiences (including non-technical senior stakeholders) and managing multiple relationships.
What you will get from the role
You will have the opportunity to learn about, understand and shape the workings of the financial sector at a time of considerable change. You will have the opportunity to influence policy and deliver meaningful work that makes a real difference to consumers and markets.
You will be part of a thriving economics profession, with links to the Government Economic Service and other professional organisations.
You will be joining a multicultural community of economists, econometricians, behavioural scientists and data scientists, with opportunities to attend academic and industry conferences. We provide a stimulating, collaborative environment with a range of opportunities for professional and personal development.
The skills and experience you will have
Minimum
- A degree in economics (or related discipline) with relevant professional experience.
- Proven analytical and quantitative skills to conduct analysis in financial markets.
- Experience of providing high-quality economic and/or analytical advice.
Essential
- Experience in delivering analytical projects, including identifying and analysing different sources of information to inform analysis.
- Knowledge of wholesale markets gained through professional experience or academic studies.
- Experience in communicating and explaining complex issues with clarity, simplicity and precision to both specialist and non-specialist audiences both verbally and in writing.
- Working collaboratively and effectively with internal and external stakeholders, developing and maintaining positive working relationships.
- Ability to handle uncertainty and deliver to tight deadlines, being flexible in adjusting your approach to changing demands.
- Ability to make a strong personal impact, persuading with well-reasoned arguments and challenging where appropriate.
- Willingness to be flexible and understand that role responsibilities might evolve over time according to business needs.
About the FCA
The FCA regulates the conduct of nearly 45,000 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.
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.
Useful information
Applications for this role close at 23:59 on Thursday 10th October 2024.
This role is graded as Senior Associate – Regulatory.
To support your application, kindly submit a brief cover letter along with your CV (no more than 500 words) highlighting your interest in the role and your motivations for applying.
Got a question?
If you are interested in learning more about the role please contact:
- For internal applicants, please contact Melanie Dubock at Melanie.Dubock@fca.org.uk
- For external applicants, please contact Ifrah Azam at Ifrah.Azam@fca.org.uk
What to expect from our interview process
The interview process is likely to be one stage incorporating a practical case study exercise and an interview to assess technical skills and core competencies.
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.
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