Senior Associate, Markets Reporting Team
Senior Associate, Markets Reporting Team, Enforcement and Market Oversight
The Markets Reporting team sits within the Market Oversight Division. Our aim is to optimise the accuracy and completeness of the transaction reporting data set in order to facilitate the detection of market abuse. The team is responsible for monitoring the quality of transaction reporting data as well as leading on the formulation of the policy which underpins it.
We aim to do this by:
- Undertaking specialist supervision of the investment firms who are responsible for reporting transactions to us.
- Educating firms about their transaction reporting obligations.
- Using our deep knowledge of transaction reporting issues to influence European policy, in particular MiFID II and MiFIR.
- Managing the relationship with the entities who connect directly to our systems and transmit the transaction reports to us on behalf of firms Approved Reporting Mechanisms (ARMs).
The Markets Reporting team works to manage the quality of the transaction reports for the benefit of its stakeholders in the FCA, Bank of England, Takeover Panel and other relevant European Competent Authorities.
What does this job involve?
The work of the Markets Reporting team is instrumental in meeting the FCA's strategic objective of ensuring that the relevant markets function well. The team is recruiting to fill a permanent senior associate position to assist with key areas of responsibility, namely:
- Policy: Help formulate and implement new rules and guidance on the transaction reporting regime. Significant engagement with internal stakeholders and to stay abreast of transaction reporting market developments.
- Education and communication: Engaging with the industry to provide support and education around transaction reporting, responding to individual queries from firms and to provide support to any external as well as internal communications.
- External liaison with firms and other stakeholders: the team operates a centralised inbox and telephone helpline for firms to notify us of reporting issues, seek individual guidance on our rules, and request registration for our automatic sample data service. The responsibility to monitor the inbox, respond to queries within agreed service levels and take calls on the helpline is shared across a few team members. The team also receives queries from other European Competent Authorities. Liaison with ARMs is also an important aspect of work in the team to ensure that transaction reports are being submitted to our system as expected.
- Process improvements: Contribute proactively to identifying risks and improvements to processes within the team.
- Analysis: Provide support to other FCA areas by assisting them in their analysis of transaction reports.
What will I get from the role?
This is a challenging, interesting and varied role in one of the most high-profile areas of the FCA. The role will give you a unique opportunity to contribute to the development of the transaction reporting regime in the UK. You will be able to improve knowledge of this specific regime as well as the FCA's approach to specialist supervision. You will also get exposure to the FCA's approach to implementing a complex and challenging piece of regulation and the associated information technology application.
As an Academy business we place great value on your learning and we offer world-class development opportunities which will assist you in achieving your career aspirations. Our Academy offers you a range of opportunities for personal and professional development, including our MSC in financial regulation, Advanced Managers programme, sponsored study and more.
Which minimum, essential & desirable skills are requiredMinimum
We're a signatory to the Government's Disability Confident scheme. This means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.
- Strong writing skills with experience in drafting high quality written communication in a concise and professional manner;
- Experience gained within financial services.
- Knowledge of some of the main financial instrument types reportable under SUP17. These include equities, bonds, equity related derivatives, and debt related derivatives covering both OTC and on-exchange instruments;
- Strong relationship building and influencing skills;
- Proven organisational and time management skills;
- A team player with a "can do" attitude;
- Drive, enthusiasm and flexibility;
- The ability to acquire new knowledge and skills at a fast pace.
- Familiarity with the UK's transaction reporting regime (SUP 17), including forthcoming developments under MiFID II/ MiFIR and the market abuse regime (MAR);
- Strong data analysis skills.
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.
The job family for this role is REG C and applications close on Tuesday 27th June.
Selection Process: (could be subject to change)
Stage 1. On-line application, please submit your CV and answers to the following application question:
Why do you believe that you are suitable for this role? Please ensure that you specifically relate your answer to the criteria listed in the job advert, covering your relevant skills, technical knowledge and competencies. (Max 300 words)
Stage 2: Screening - your application will then be forwarded to the recruiting managers.
Stage 3: Selection & assessment process to be confirmed.
For external applications, please contact Shazna Chowdhury if you have any questions about the role.
This role will be based in London, Canary Wharf, with a planned move in 2018 to a new site in The International Quarter, Stratford.