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Manager Wholesale Conduct and Fixed Income

Financial Conduct Authority

Salary: National from £67,100 to £88,500 and London from £73,700 to £100,000

We have an exciting opportunity to become the manager of the Wholesale Conduct and Fixed Income Team. This is a unique team that combines both policy and supervision of wholesale markets. 

The team/department 

The team is responsible for wholesale market conduct policy and supervising securitisation and regulated covered bond markets. The purpose of the team is to shape policy in a wide range of wholesale areas which will vary depending on the strategic focus of the FCA. The team will also lead on key fixed income market supervision and policy to promote safe and well-structured securitisation and regulated covered bond markets. 

The Team is responsible for wholesale conduct policy in areas such as investment research, best execution, conflict of interest, codes of conduct, and securitisation and regulated covered bond (RCB) policy. The team is also responsible for supervision of the securitisation and RCB markets. This allows the manager and the team to be in a unique position to have effective tools to address market issues through both policy and supervision. 

What you will be doing

  • Leading our policy work related to the integrity of key fixed income markets, including internationally work or with other UK authorities 
  • Managing experts that lead on the reform of the securitisation policy with the PRA 
  • Managing experts in wholesale conduct policy, including investment research, inducements, and best execution policy 
  • Setting the supervisory strategy for regulated covered bond and securitisation markets 
  • Working with internal and external stakeholders to help support and deliver policy outcomes in the UK and internationally 
  • Maintain a high performing team through effective recruitment, performance management and development of staff from diverse backgrounds 
  • Supporting and driving forward the department’s objectives as a member of the management team by ensuring staff well-being, managing organisational change, and setting strategic direction for the department 

What you will get from the role

  • 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 view of the financial services industry, with the opportunity to do meaningful work that makes a real difference 
  • Work with and influence a wide range of industry professionals, as well as stakeholders both internally and externally to the FCA 
  • Guide a diverse, skilled, and motivated team 
  • Develop skills in financial services supervision and build connections across all key FCA functions and with external stakeholders 
  • Participate in the wholesale risk identification and prioritisation process which drives FCA work in wholesale markets 

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 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

We are a signatory to the Government’s Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, should they meet the minimum criteria for a role.  

  • Experience of people management or leading a team 
  • Excellent experience of wholesale markets and associated regulations 
  • Experience of using good written communication skills

Essential

  • The ability to motivate and lead a team to deliver on key priorities 
  • The ability to manage and influence stakeholders, both internal and external 
  • The ability to manage a wide range of issues effectively via prioritisation and efficient use of resources. 
  • Strong commitment to collaborative working, including willingness to respond positively to challenge from others 
  • A strong understanding of structured products’ features and risks 
  • Relevant experience of structured finance markets such as RCB, securitisation and/or Collateralised Loan Obligations. 

About the FCA 

The FCA regulates the conduct of 50,000 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. For more information on what we do, our three-year strategy can be found here. 

The FCA's Values & Diversity

Our ambition is to cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation. 

The FCA is committed to achieving greater diversity across all levels of the organisations. Given this, we particularly welcome applications from women, disabled and minority ethnic candidates for our Senior Associate role. 

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. We can’t promise to give you exactly what you want but we won’t judge you for asking. 

Multi-location 

As part of the FCA’s on-going commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds, or London offices. This means that as part of the application process you will be able to select your preference of which office location you would like to work from. 

Useful information 

  • Applications for this role close at 23.59 on 31st March 2024
  • This role is graded as Manager - Regulatory 

Got a question? 

If you are interested in learning more about the role please contact: 

For internal applicants, please contact Linda Bradley at linda.bradley@fca.org.uk 

For external applicants please contact Deimante Paliuliene at Deimante.Paliuliene@fca.org.uk 

What to expect from our interview process 

The process will involve three separate stages: 

  • A competency-based interview  
  • Psychometric Assessment
  • Final Interview  

Your Recruiter will discuss the process in detail with you during screening for the role.  

Recruitment Timeline: 

  • Closing Date: 31st March 2024
  • First Round interviews & Assessment: w/c 8th April 2024 
  • Final Interview: W/C 29th April 2024 

Please make the recruiter aware if you are going to be unavailable for any date during this time.  

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.

If you have an accessibility requirement, disability, or condition that means you might require changes to the recruitment process, please contact your recruiter to discuss this further. Our aim is to make your application as easy and comfortable as possible, and your recruiter will be happy to work with you to make any necessary arrangements where possible.


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Confirmed 20 hours ago. Posted 12 days ago.

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