Job title: Wholesale Market Risks and FICC Risk management Specialist
Division: Supervision, Policy & Competition
Department: Sell Side – Wholesale Markets
Salary: National (Edinburgh and Leeds) ranging from £52,400 to £71,000 and London from £57,000 to £75,000 (salary offered will be based on skills and experience)
This role is graded as: Senior Associate, Regulatory
Your recruitment contact is Shafika via [email protected]. Applications must be submitted through our online portal. Applications sent via social media or email will not be accepted.
About the FCA and team
We regulate financial services firms in the UK, to keep financial markets fair, thriving and effective. By joining us, you’ll play a key part in protecting consumers, driving economic growth, and shaping the future of UK finance services.
SPC oversees firms and individuals (supervision), creates and reviews the rules by which they operate (policy) and identifies and remedies ineffective competition in markets (competition).
The Sell-side Market Analysis and Policy Department is the key function that assesses market wide risks in wholesale markets, tracks and monitors market trends and analyses product specific issues. The Wholesale Markets Sector team focuses on identifying, quantifying and monitoring risks to markets, leading the wholesale crisis response and overseeing financial stability work related to wholesale markets.
Role responsibilities
Develop market and product risk analyses drawing conclusions from market and regulatory data to identify and assess market wide and emerging risks
Prepare clear and concise analytical communications aimed at senior audiences
Create clear data visualisations from complex data sources to support risk analysis
Lead and coordinate supervisory responses to market events working with supervisors, firms and internal stakeholders.
Collaborate on cross organisation thematic projects to identify and address market wide risks
Skills required
Minimum:
Proven experience of working in a risk management function for wholesale financial markets and products
Prior experience of using data and analytics to reach conclusions around risks to markets or firms using robust judgement
Demonstratable experience of stakeholder communication, with experience of communicating effectively with a diverse audience, managing complex, technical issues in a clear and digestible format
Essential:
Proven ability to manage projects and deliver high quality outputs on time
Ability to work at pace and under pressure, using sound judgement and escalating issues appropriately
Confident in taking responsibility with the ability to balance and manage competing priorities, working proactively and in a team
Proven ability to impact and influence senior internal and external stakeholders
Benefits
25 days annual leave plus bank holidays
Hybrid model with up to 60% remote work
Non-contributory pension (8–12% depending on age) and life assurance at eight times your salary
Private healthcare with Bupa, income protection, and 24/7 Employee Assistance
35 hours of paid volunteering annually
A flexible benefits scheme designed around your lifestyle
For a full list of our benefits, and our recruitment process as a whole visit our benefits page.
Our values and culture
Our colleagues are the key to our success as a regulator. We are committed to fostering a diverse and inclusive culture: one that’s free from discrimination and bias, celebrates difference, and supports colleagues to deliver at their best. 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.
If you require any adjustments due to a disability or condition, your recruiter is here to help - reach out for tailored support.
We welcome diverse working styles and aim to find flexible solutions that suit both the role and individual needs, including options like part-time and job sharing where applicable.
Disability Confident: our hiring approach
We’re proud to be a Disability Confident Employer, and therefore, people or individuals with disabilities and long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. In cases of high application volumes, we may progress applicants whose experience most closely matches the role’s key requirements.
Useful information and timeline
Timeline:
Job advert close: 18th December 2025
CV Review/Shortlist: 22nd December 2025
Case Study Assessment: w/c 5th January 2025
Second Interview: w/c 12th January 2025
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.
Top Skills
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.
