Financial Analyst – Retail Competition
Programme: Supported hire into permanent flexible role. Apply by 23 September 2018
Are you looking for intellectually challenging, meaningful work? There are few jobs where you can make a real difference to the 2 million people who work in the UK Financial Services industry, the 40 million consumers of financial products and the stability of the economy as a whole.
The Financial Conduct Authority (FCA) welcomes professionals who have taken an extended career break to apply for this role. Successful hires who have taken a career break of 2+ years will receive coaching support through the transition period from Women Returners. As an inclusive employer, the FCA is open to considering flexible working arrangements. Please state if you wish to apply for the role on a flexible basis.
About the Role
This is an exciting opportunity for a Financial Analyst, with experience in finance and accounting, to join the FCA’s Competition Team.
You will work across a range of activities, including: market studies, competition enforcement cases, and internal investigatory work, to drive forward the FCA’s competition mandate as part of a cross-disciplinary team with competition lawyers, economists, and industry specialists.
In addition to having excellent financial analysis skills, you will need to demonstrate great people skills to allow you to effectively engage with a range of internal and external stakeholders.
The roles require a high degree of judgement, tenacity and the appetite to work on intellectually challenging questions with important implications for the 40 million consumers of financial services and the stability of our economy as a whole.
You will work alongside competition economists and lawyers and other professionals in a multi-disciplinary environment, contributing financial analysis across a range of activities including market studies and enforcement cases.
What does the job involve?
- You will have primary responsibility for the delivery of robust financial analysis to inform the investigations and exploratory work undertaken by the competition department.
- This may include assessing the financial performance of firms operating in the relevant markets; understanding their business models and pricing strategies; analysing revenues, costs and profits; assessing capital structure and the cost of capital; building financial models to analyse market-wide profitability; examination of product or customer group profitability; and considering the financial and strategic impacts on firms of potential remedies to address competition problems.
- The nature of the analysis required will depend on the competition issues being investigated in a given case. You will need to be able to think creatively to design forms of analysis that are appropriate in a particular case.
- You will be expected to present complex financial analysis and explain financial and accounting concepts to a range of internal and external audiences, both orally in and writing.
- You will need to demonstrate a thorough and diligent approach, initiative and good judgement.
- You will play an integral role in decision-making, directly influencing our investigations and approach to regulation.
- You may have line management responsibility within the department.
Qualifications, Skills & Experience
- An accountancy or similar financial qualification (e.g. ACA, ACCA, CIMA, CFA, MBA with a significant financial component)
- Proven experience of designing and delivering complex financial analysis, for example in a commercial or regulatory environment
The FCA is 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. A minimum criterion needs to be measurable from reviewing a candidates CV.
- Experience of designing and delivering high quality financial analysis.
- Ability to work as part of a multi-disciplinary team.
- Ability to deliver and thrive in a fast-moving environment, maintaining pace and quality of delivery.
- Excellent communication skills.
- Project and work management skills.
- It would be beneficial but not essential for you to have experience in financial services and/or a particular financial sector – For example, you may have worked in the Audit, Treasury, Strategy, FP&A, CRO’s office, or an operating division of a bank as a financial analyst/specialist.
- Relevant commercial financial experience in modelling, forecasting, pricing and competitor analysis.
- Experience in competition investigations and/or economic regulation.
- Experience in audit or corporate finance.
- Management experience.
About the FCA
The FCA is creating a fair and more resilient financial system. They are establishing more transparent relationships between financial services and their customers, building trust in financial markets and protecting vulnerable consumers.
The FCA has a statutory objective to promote competition in the interest of consumers. The Competition and Economics Division leads on this. Their work includes; conducting market studies across the retail and wholesale sectors, implementing remedies as a result, investigating potential breaches of competition law using their concurrent powers, and the application of economics to problems facing the FCA. The division works closely with colleagues from across the FCA including Policy, Market Intelligence Data and Analysis (MIDA), Enforcement and Supervision to ensure high-quality analysis and effective decisions across all aspects of FCA regulation. They are also part of the UK Competition Network and work with Competition and Markets Authority (CMA) on financial services matters.
The salary range will be approximately £39,000 – £60,000 plus a competitive benefits package and non-contributory pension.
The role will be based in London. In June 2018 the FCA began its relocation from Canary Wharf to Stratford.
On-line application, please submit your CV using the relevant link: FCA – Job Details
Applications for this role close on 23 September 2018.
If you have any questions, please contact Lucy Matthews on Lucy.Matthews@fca.org.uk
or Kavi Vadera on Kavi.Vadera@resourcesolutions.com.
Please tell the FCA that you found out about the opportunity from Women Returners.
Please note, applications must be submitted through their online portal. Applications sent via email will not be accepted.