Lead Economist in Wholesale Markets and Financial - London, United Kingdom - Financial Conduct Authority

Financial Conduct Authority

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

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Description

Lead Economist in Wholesale Markets and Financial Stability

Salary:
National - ranging from £55,600 - £80,000 and London from £59,800 - £90,000 per annum

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.

There are few jobs where you can make a real difference to the 40 million consumers of financial products, the 2 million people who work in the UK Financial Services industry, and to the integrity and stability of the financial system.

The team is the hub for strategic analysis of wholesale markets and financial stability issues within the Economics Division.

In addition to contributing to the FPC discussions on financial stability, the team represent the FCA in key international forums at the FSB and IOSCO, to identify, analyse, and respond to emerging issues and risks in global capital markets.

The team also contributes to horizon scanning and analysis in financial markets and undertakes longer-term research projects.

The Economics Division is formed by a vibrant mix of nationalities and works closely with colleagues across the FCA to ensure high-quality analysis and effective decisions across all aspects of FCA regulation.

The Division is made up of teams covering policy analysis in retail and wholesale financial markets, economic strategy (wholesale markets and consumers), horizon scanning, research, behavioural and economic data science, and evaluation.

Teams work closely with other domestic and international regulators, regulatory forums such as the Digital Regulation Cooperation Forum, the academic community, the Bank of England, and central government.

Staff are eligible to join the FCA's growing Economics Profession network.

What you will be doing (the role)

In addition, you will lead and coordinate the FCA contributions to the work presented to the FPC. This will involve also supporting the CEO of the FCA in his role as a member of the FPC.

Drawing on your experience and economic skills, you will contribute (through your own work or by coordinating the work of others) analysis and economic advice to some of the ongoing FPC projects and proactively identifying areas where the FCA needs to get involved.

This is a fast-paced job with tight deadlines and significant demands. You will need to be comfortable working under uncertainty and adapting quickly to new demands.

In return, you will have the opportunity to influence how the FCA contributes to domestic debates on financial stability, interact directly with the CEO office and other senior members, and manage the work of highly-skilled members of the team.

As part of your role, you will build and manage various relationships with internal and external stakeholders, and act as an advocate for the Economics Division - seeking out ways to develop and share your economic knowledge.

You may have line manager responsibilities, and you will be responsible for leading and developing more junior members of the team.

You will work closely with the manager of your team and technical specialists on overall team delivery and development.

What you will get from the role

You will have a rare opportunity to understand and shape the workings of the financial sector at a time of considerable change.

You will enjoy a unique aerial view of the financial services industry, with the opportunity to do meaningful work that makes a real difference.

You will have the opportunity to work with and influence senior decision takers, both internally and externally to the FCA.

You will be part of a thriving economics profession at the FCA, with links to the wider Government Economic Service and beyond and enjoy a stimulating environment with a range of opportunities for professional and personal development.

You will join a multicultural community of economists, econometricians, behavioural scientists and data scientists, with opportunities to attend academic and industry conferences.

Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle.

You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option top up your base salary by taking this as cash.

Core benefits that you will receive as standard are:

25 days holiday per year plus bank holidays
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 support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations.

The skills and experience you will have

Minimum- A degree in econ