Technical Specialist - London, United Kingdom - Financial Conduct Authority

Financial Conduct Authority

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

The Role

The role of the Consumer Finance Policy team is to design and deliver effective and proportionate policy interventions for the protection of UK consumers of financial services in the fields of credit & debt.

We are responsible for maintaining our regulatory framework for retail finance firms, managing relationships with key FCA stakeholders including government departments, and reacting in response to emerging risks affecting consumers.

What does this job involve?

In this role you will:

Provide expert advice and insight on technical aspects of credit products and our regulation to support the team's wider programme of work
Collaboratively work with colleagues to develop policy proposals and take them through internal and external processes (including governance & publication)
Draft briefings and papers to explain complex issues
Present recommendations to the FCA Board and Executive Committee
Stay aware of developments in consumer credit to identify areas which could impact the teams responsibilities and areas where we should be acting, as well as helping manage the team's reactive workload (supporting other teams, responding to MPs letter & queries)
Work with external stakeholders (e.g., the consumer credit industry, HM Treasury, consumer bodies) to promote our objectives
Share your knowledge and best practice with more junior colleaguesWhat will you get from the role?

Working in the Consumer Finance Policy Team, you will benefit from the opportunity to:

Gain a wide overview of the markets we regulate: this role will give you unparalleled insight into the market and firms' business models and strategies
Exercise your policy development and delivery skills to make a tangible positive impact on the wellbeing of UK retail finance consumers, including those in vulnerable circumstances-
Take on a challenging and varied workload, deepening your understanding of the regulatory model, and responding to the latest market trends and industry issues
Interface with a wide range of regulatory specialists, external trade bodies, and regulated firms

Skills/Experience Required

Minimum- Proven analytical skills: experience of assessing data and intelligence, identifying relevant issues and themes, and succinctly communicating those findings to senior management;- Strong written language skills- Experience in policy design and implementation

Essential

Technical competencies_
Deep and extensive technical knowledge derived from practical, hands on and recent experience of working in the consumer finance market or in the regulation of this market, and a demonstrated ability to quickly fill gaps in knowledge where required.
Mastery of the consumer finance market, including a thorough understanding of the conduct risks posed to consumers and markets by firms within the market
Experience of scoping and managing projects requiring technical expertise in order to deliver strategy, framework, risk appetite and controls.
Good understanding of the wider business, economic and market environment
Strong analytical capability with a proven ability to quickly and clearly draw out key implications from a broad and varied range of information
An independent thinker with an analytical mindset and a riskbased approach to decision making, including the ability to reach sound and timely judgements and decisions which can be justified in a concise and effective manner
An ability to produce consistently high quality outputs to tight deadlines
Strong and proven track record in stakeholder management and influencing skills.

Desirable

Understanding of the FCA's approach to policy development

About the FCA

At the FCA, we're creating a fair and more resilient financial system.

We're establishing more transparent relationships between financial services and their customers, building trust in financial markets and protecting vulnerable consumers.

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.

Useful Information- This role is graded as Technical Specialist - Regulatory- Applications for this role close on 2nd February

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

The FCA has London and National Pay ranges to reflect regional differences.

The salary for this role will be:
London - up to £86,000
- _salary offered will be based on skills & experience_

National (roles in Leeds & Edinburgh) - up to £77,400
- _salary offered will be based on skills & experience_

The FCA supports hybrid working and you will be expected to work 40% of your time over a month, in our office.

We will consider other flexible arrangements, for example part time working, and you can discuss this with the recruiter.

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