Credit Rating Agency 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

Salary:
National up to £80,500 and London up to £89,500 per annum
- _Salary offered will be based on skills and experience_

Are you interested in joining a team that will help shape and deliver the future of Credit Rating Agency Supervision at the FCA?_

The Role

The Financial Conduct Authority (FCA) is a key part of the regulatory structure in financial services, together with the Prudential Regulation Authority and the Bank of England.

We have a statutory objective to make financial markets work well for consumers of financial services.

We are looking to fill a Technical Specialist role in the Capital Markets Department within the Supervision, Policy and Competition Division at the FCA.

The Capital Markets Department focuses on supervision and policy relating to key aspects of wholesale financial markets, including primary markets, credit ratings and benchmark providers, trading conduct and transparency, and wholesale Cryptoasset markets.

We have a key role in delivering the FCA's 3-year strategic priority to strengthen our wholesale markets and ensure that the UK continues to be regarded as one of the leading global markets of choice for issuers, intermediaries and investors, when compared to other high-quality markets.

The Technical Specialist will join the Credit Rating Agency (CRA) team responsible for the supervision and policy function of this portfolio.

The responsibility for supervising UK CRAs moved from the European Securities & Markets Authority (ESMA) to the FCA on 1 January 2021.

CRAs play a key role in providing an assessment of the creditworthiness of governments, corporates and other issuers of securities.

Where they perform this role effectively, investors are well-informed on the risks of investing in these assets and hence, capital is more efficiently allocated.

These outcomes contribute particularly to the FCA's statutory objective for market integrity, and also its consumer protection objective.

The CRA team is responsible for overseeing these firms to ensure this role is performed well and the potential for harm these firms can present is reduced or mitigated.

The CRA team will supervise CRAs according to the UK Credit Rating Agency Regulation and in line with the FCA Approach to Supervision.

What you will be doing Communicate and engage in a compelling way, leading engagement with internal and external stakeholders on CRA supervisory priorities and/or policy related issues, obtain meaningful feedback and market intelligence relevant to our work, and challenge or drive consensus as appropriate- Build strong networks and work collaboratively with a variety of stakeholders, including internally and externally, in order to deliver on the FCA's regulatory remitWhat will you get from the role?

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:

28 days holiday per year
Private healthcare with Bupa
A non-contributory Pension of at least 8% of your basic salary each month (there are several contribution levels that increase depending on your age
up to 12% a month once you reach the age of 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

Joining the CRA Supervision team as we continue to expand the team, you will have the opportunity to help deliver the FCA's supervision strategy for CRAs and identify future policy developments.

This role provides exposure to a wide breadth and depth of issues, including with senior management at CRAs.

The team operates in a fast-paced, flexible environment which is well suited to those with strong analytical thinking and communication skills.

You will also have the opportunity to work with and learn from FCA colleagues covering wide ranging issues including technology and resilience, competition, markets policy, authorisations and enforcement.

You will engage with a wide variety of stakeholders, including other regulatory authorities.

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

The skills and experience you'll have

Minimum- Previous experience of working with complex areas of regulation or law related to capital markets- Experience working in a regulatory and/or financial services sector, with professional experience in relation to credit ratings or credit rating agencies- Experience of leading complex workstreams

Essential- Understanding of the CRA market, regulation, ratings process and potential risks posed by CRA's- Strong