Division - Competition
Department - Competition Market and Policy Department
Salary - National (Edinburgh and Leeds) ranging from £51,200 to £64,000 and London £56,400 to £70,400 per annum (Salary offered will be based on skills and experience)
About the FCA
The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA
We are currently looking to recruit someone with experience of market and business model analysis to work in the Competition Market and Policy Department of the Competition Division (CD). CD leads much of the work on FCA's competition mandate to help ensure markets are working well for consumers.
What will you be doing?
As part of CD, you will get to investigate whether and why financial services markets might not be working well for consumers. You will also help work out how financial services markets could be improved. Working alongside other team members, and key internal stakeholders, the successful candidate will play a key role in contributing and supporting the delivery of CD’s core responsibilities:
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Scoping problems that require investigation, including market failures that may be causing poor outcomes for consumers
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Scoping and recommending how to undertake economic and competition investigation, working with economists, accountants, lawyers and data scientists
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Contributing to project management, supporting the project manager to ensure work is coordinated and on track
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Undertaking your own analysis of markets and business models which could include designing requests for information and evaluating firm responses
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Responsible for presenting insights and findings in an interesting and clear format including written, PowerPoint and orally
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Advocating for competition with internal stakeholders, helping and assisting colleagues to understand and achieve desired outcomes
What will you get from the role?
The work will allow you to apply your ability to investigate and understand markets. You will be asked to scope hypotheses, think about ways in which your hypotheses can be tested and work with subject matter experts to generate evidence to test your thinking. You will also get to present your results in interesting ways and to a range of audiences including senior colleagues.
Working alongside economic and legal experts in the field of competition you will ultimately get to make a difference – your problem solving will help consumers get access to better financial service markets.
Which skills are required?
We are a Disability Confident Employer; therefore, disabled people or individuals with long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. (To learn more about the Disability Confident Scheme Click Here)
Minimum
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Prior experience of reviewing markets and firms business models
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Prior experience of working within Competition Policy either in policy-making or casework; this could be gained as a policymaker in a competition authority, another regulator, consultancy or government department; in an analytical role supporting policymakers, behavioural scientist or data analyst; or in any other policy-related role, for example advocacy or compliance
Essential
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Ability to make a strong personal impact, influencing with well-reasoned arguments and questioning where appropriate
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Engage, collaborate and support effectively with stakeholders to build and maintain strong working relationships. Drafting and presenting for senior audiences
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Experience in explaining complex issues well to both specialist and non-specialist audiences, orally and in writing
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Be comfortable with ambiguity, identifying the most important issues; creative problem-solving, framing and structuring problems conceptually, prioritising work, and distilling results to generate insight
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Experience in the delivery of complex projects, maintaining both pace and quality including identifying and reviewing different sources of information to inform analysis
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Role model commitment to self-awareness and learning, build own network and support others to identify effective coping techniques
Our Values & Diversity
We are proud to be an inclusive employer and our ambition is to cultivate a culture 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.
Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.
Did you know? 50% of our Executive Committee were the first in their family to attend university.
The FCA is committed to achieving greater diversity across all levels of the organisation. Given this, we particularly welcome applications from women, minority ethnic, disabled, and neurodivergent candidates for our senior associate role.
Benefits of working at the FCA
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25 days holiday per year plus bank holidays
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Hybrid working (work from home up to 60% of your time)
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Private healthcare with Bupa
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A non-contributory Pension of at least 8%
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Life assurance
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Income protection
We also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle.
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 can explore what might work best for both sides. Follow this link to see what life is like at the FCA - Life at the FCA
Application Support
We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible.
If you have an accessibility need, disability, or condition requiring changes to the recruitment process, please contact your recruiter using the details below and they will be happy to discuss this further with you.
Useful Information and Timeline
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This role is graded as: Senior Associate - Regulatory
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Advert Closing Date: 23rd February
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Case study & interviews: 6th, 7th & 10th March
Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time.
Got a question?
If you are interested in learning more about the role, please contact:
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For external applicants, please contact Chhavi Bartaria at [email protected]
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For internal applicants, please contact Lucy Matthews at [email protected]
Applications must be submitted through our online portal. Applications sent via email will not be accepted.
What We Do
We work to ensure financial markets work well for individuals, for businesses and for the economy as a whole.
We do this by:
- regulating the conduct of approximately 50,000 businesses
- prudentially supervising 48,000 firms
- setting specific standards for around 18,000 firms
We were set up on 1 April 2013, taking over conduct and relevant prudential regulation from the Financial Services Authority (FSA).
Our Head Office is based in London, and we work across the UK, from our office in Edinburgh and via colleagues in Belfast and Cardiff.
Firms and individuals must be authorised or registered by us to carry out certain activities. Before we grant authorisation, firms must demonstrate that they meet a range of requirements. We then supervise these firms to make sure they continue to meet our standards and rules after they’re authorised. If firms and individuals fail to meet these standards, we have a range of enforcement powers we can use.
We work alongside the Prudential Regulation Authority (PRA), the prudential regulator of around 1,500 banks, building societies, credit unions, insurers and major investment firms.