Economist – Wholesale and Financial Stability Job at Financial Conduct Authority in East London
12 Endeavour Square, London, E20 1JN
Strategy & Competition
The Wholesale and Financial Stability team in the Competition and Economics Division is looking to recruit an Associate to provide analysis and economic advice on financial stability related work. In addition, the associate will advise on the impact of the FCA’s policy interventions and help with the economic analysis underpinning FCA policy changes in wholesale financial markets.
The team contributes to the ex-ante and ex-post evaluation of the FCA’s interventions. In addition, the team is heavily involved in international work at IOSCO and the FSB.
This is an exciting opportunity for a highly-skilled economist to help us shape the FCA’s work on critical issues related to ensuring market integrity and financial stability.
What does the role involve? What are the key responsibilities?
Drawing on your experience and economic skills, you will contribute with economic analysis on a range of issues relevant to the FCA, with a large focus on topics in wholesale financial markets and financial stability.
You will contribute to IOSCO and FSB-driven analytical projects in collaboration with other FCA areas. You will build various relationships with internal stakeholders to support International work.
Using both theory and empirical evidence you will help advise FCA teams on the likely impact of their proposed interventions, through cost-benefit analyses and evaluation. You will contribute to evaluate previous FCA interventions and to improve the FCA efficiency and effectiveness.
In addition to providing robust, evidence-based analysis, you will be skilled in communicating your findings to a range of audiences (including non-technical stakeholders).
What will the candidate 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 professional community and enjoy a challenging environment with a range of opportunities for professional and personal development.
The role offers an attractive package of salary and benefits, and extensive development opportunities in applied economics, financial services and broader professional skills.
We’re 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. A minimum criterion needs to be measurable from reviewing a candidate’s CV. Exceptions may apply if due to the volume of applications we are not able to interview all eligible candidates who qualify under the scheme.
- An undergraduate degree in economics or a related discipline, with some relevant professional experience
- Proven understanding of wholesale financial markets, systemic risk and financial stability issues
- Experience of providing high-quality economic advice
- Experience in contributing to analytical projects
- Ability to communicate clearly and effectively, simplifying complexity and distilling key messages
- Ability to work collaboratively and effectively as part of a multi-disciplinary team.
- Ability to prioritise work delivering to tight deadlines
- Ability to make a strong personal impact, persuading with well-reasoned arguments and challenging where appropriate
- Ability to work effectively with stakeholders, developing and maintaining working relationships
- A postgraduate qualification in economics or a related discipline
- Experience of financial services markets and/or an understanding of financial services regulation
- Experience working with either R or Python on a data-focused project
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 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. We work to make financial markets work well for consumers of financial services.
Our Division – the Competition & Economics Division – is home to economists, lawyers, accountants and competition practitioners who are dedicated to ensuring the FCA has access to best possible analysis as part of its mission to protect consumers, financial markets and competition.
Much of our analysis is focused on ensuring financial service markets are working well, protecting consumer, promoting competition in the interest of for consumers and enhancing the integrity of the UK financial system.
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.
As an inclusive employer, we are open to considering flexible working arrangements. Please contact our recruiter if you wish to apply for this role on a flexible basis.
- This role is graded as Associate, POL B
- The salary range will be approximately 35,000 to 45,000 GBP plus a competitive
and non-contributory pension * Applications for this role close on 29th November
If you are interested learning more about the role please contact Julia Coe on
Please note – Applications must be submitted through our online portal. Applications sent via email will not be accepted.
Financial Conduct Authority
Company: Financial Conduct Authority
Company Location: East London