Competition Economics Lead Associate - London, United Kingdom - Financial Conduct Authority
Description
The Role
The Financial Conduct Authority is a key part of the regulatory structure in financial services, together with the Prudential Regulation Authority and the Bank of England.
This role is in the Competition Division (CD).
CD leads the FCA's competition mandate and much of our work is focused on ensuring markets are working well for consumers.- Describe and diagnose poor outcomes or harm, and how these could stem from ineffective competition- Identify where competition issues might exist currently or in future, and which to prioritise- Build robust evidence on those issues and advise on the best way to remedy or mitigate issues by taking proportionate action where appropriate.
As a Lead Associate economist, you will lead on and carry out the competition and economic analysis to support our projects in a variety of financial services markets.
You will be a key member of the team, demonstrating leadership, supporting the team managers in developing team strategy and leading on relationships with stakeholders.
This role may also involve formally line managing up to two Associates / Senior Associates.What does the role involve? What are the key responsibilities?
You will work alongside colleagues to scrutinise markets and firm behaviour
Your work will include:
- Scoping problems that require economic and competition investigation, including market failures that may be causing poor outcomes for consumers
- Supporting the Manager in overseeing the activity of team. This might include allocating tasks, supporting and developing more junior colleagues, and planning project delivery
- Line and / or workmanaging colleagues
- Leading on the delivery of high quality economic and competition analysis, including quantitative economic analysis, which will be used to make evidencebased decisions and recommendations
- Influencing and developing the team and department's strategy, helping to define priority outcomes and measures of success, using your judgement to advance the FCA's objectives, and presenting on behalf of the team
As a key member of the Competition Economics team, you will contribute to setting priorities, planning and leading the delivery of / contribution to complex and high-profile projects.
Ultimately you will get to make a difference - your problem solving and the crucial role you will play in competition economic analyses will help consumers get access to better financial services markets.
Skills/Experience RequiredMinimum- Demonstrable track record as a professional economist in a regulator, government department, consultancy, industry, academia or other setting- Previous experience with or exposure to competition economics- An academic background in economics, including a qualification in Economics in at least an undergraduate level- Experience of working with data sets, and performing statistical analysis using software packages (e.g. R, Stata, Python)- Excellent drafting and oral communication skills
Essential- Experience leading, scoping and delivering relevant economic work, making judgements and presenting key issues and recommendations to senior stakeholders- Strong management capability (e.g.
project management) to help plan, prioritise and allocate work within the team.- Ability to analyse complex information on markets and firm behaviour to inform analysis- Ability to work collaboratively and effectively as part of a multi-disciplinary team.- An interest in working with economic data sets to produce accurate and thorough analysis- Excellent drafting and oral communication skillsDesirable- Deeper competition economics experience (e.g.
market studies, competition law cases)- Understanding of the UK competition regime and competition powers- Experience or understanding of the economics of retail or wholesale financial services- Experience of line management of junior colleaguesAbout 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.
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 £80,000
- _salary offered will be based on skills & experience_
National (roles in Leeds & Edinburgh) - up to £73,000
- _salary offered will be based on skills & experience_
The FCA supports hybrid working and you will be expected to work 40
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