Market Abuse Surveillance Supervision Manager
Market Abuse Surveillance Supervision Manager
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Market Abuse Surveillance Supervision Manager
Division - Enforcement and Market Oversight
Department Market Oversight
Team Market Abuse Surveillance Supervision (MASS)
Salary - London ranging from 72100 to 117100 pro rata (Salary offered will be based on skills and experience)
About the FCA
The FCA regulates the conduct of nearly 45000 firms in the UK to ensure our financial markets are honest fair and competitive. Follow the link to find out more About the FCA.
An exciting opportunity has arisen to manage the Market Abuse Surveillance Supervision (MASS) team in Secondary Market Oversight (SMO).
SMO leads the FCAs efforts to combat market abuse in secondary markets supporting market integrity and function. Handling over 500 million trading records daily and thousands of intelligence reports annually the department uses data-driven regulation to disrupt abuse and support enforcement cases. SMO also engages with market participants to supervise surveillance systems and collaborates internally to address firms posing multiple risks.
The MASS team is central to our operations supervising firms and trading venues to ensure effective market abuse controls and STOR reporting. MASS leads industry outreach through forums roundtables and public speaking and coordinates international engagement on market abuse regulation. Its market professionals monitor real-time events like price spikes and trading errors investigating incidents and assessing firms controls. MASS is a high-performing diverse team with a strong blend of industry and regulatory expertise.
What you will be doing
Leading a diverse team of people including market professionals and experienced regulators at different career stages from graduates through to technical specialists
Setting the strategy for the team including the supervisory programme the balance of activity between STOR supervision industry engagement and international co-operation
Leading the teams engagement with the wider Market Oversight Directorate particularly the teams who rely on the quality of STOR intelligence to do their job and influencing policy development (led by SPC) on MiFID and MAR issues of relevance to SMOs work
Leading SMOs engagement with supervisors (particularly in wholesale supervision) who share our responsibility for market abuse systems and controls supervision
Co-ordinating in collaboration with the Primary Market Oversight department the communications strategy with for market abuse
Contributing to the departmental leadership of SMO and leadership in the wider directorate by leading on initiatives (such as staff survey follow-up attract-develop-retain people initiatives organisational design)
What will you get from the role
This is an exciting opportunity to take on a varied and demanding role. You will be responsible for leading a motivated team of talented individuals with a variety of technical skillsets on a varied outward facing portfolio while strengthening your leadership supervisory skills and expertise in wholesale markets especially the Market Abuse Regime
The role offers the opportunity to influence and drive forward these and other work streams and to contribute to the FCAs strategy to combat market abuse
As part of the SMO management team you will also have a key role to play in ensuring we are able to deliver on both the department and directorates objectives and vision more generally. This will include participating in the establishment of priorities proactively identifying risks to our objectives and assisting in the delivery of our people strategy
You will have the opportunity to have a real impact whilst working collaboratively towards a common goal alongside a range of internal and external stakeholders
The skills and experience you will have
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
Demonstrable experience of UK and EU market abuse legislation including the Market Abuse Regime (MAR) and MiFiD II
Practical experience or a technical understanding of financial markets including surveillance related to those markets
Experience of managing people as a direct line report or as part of a project team
Essential
Product knowledge (e.g. equity OTC derivatives bond options commodities Benchmarks)
A detailed understanding of the legislation and the FCAs rules in relation to the responsibilities of all market participants to detect report and prevent market abuse
An ability to deal confidently and persuasively with a wide variety of internal and external stakeholders including Supervision Policy Enforcement and senior management at firms and exchanges/MTFs
The ability to drive and motivate a team through periods of change in a way which is sympathetic to the challenges people feel but which also recognises the broader considerations and priorities
A strong sense of the value of teamwork and capable of engaging effectively and constructively with the management and senior leadership of the Market Oversight division
The ability to identify key risks to FCA objectives; effective and timely judgement on when and how to escalate issues
The ability to manage several workstreams at once ensuring issues are prioritised effectively and progressed on a timely basis
Familiarity with the transaction reporting regime (SUP17)
Knowledge of regulatory framework for supervision and market surveillance systems and/or IT developments in this area
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.
Benefits of working at the FCA
28 days holiday per year plus bank holidays
Hybrid working (work from home up to 60% of your time)
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 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 cant 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
This role is graded as: Manager - Regulatory
Advert Closing Date: 11th June at 11:59pm
CV Review/Shortlist: 16th June
1st Stage Interview: 23rd June
Psychometric assessment
2nd Stage Interview: 7th July
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 Sandeep Guntupallion
Applications must be submitted through our online portal. Applications sent via email will not be accepted.
Required Experience:
Manager
Employment Type
Full-Time
