Technical Specialist (Economics), Competition Department
Programme: Supported hire into permanent flexible role. Apply by 19 August 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
As a Technical Specialist, you will work alongside other professionals in a multidisciplinary environment, leading on the provision of economic advice on competition matters across a range of activities including market studies and enforcement cases. You will play an integral role in driving their decision-making process, directly influencing their investigations and approach to regulation. In addition to having primary responsibility for the provision of robust economic analysis, you will be expected to communicate effectively across a range of internal and external audiences (ranging from novices to experts), and to demonstrate a thorough and diligent approach, initiative and good judgement.
Experience of competition analysis in financial services, although desirable, is not required. There may also be some opportunity for line management of economists within the Competition Division.
What does the job involve?
As a Technical Specialist, you will help the FCA to shape and manage the work of the Competition Division, and of the FCA’s competition mandate to promote effective competition for the benefit of consumers. As such, the role provides intellectual stimulus and the opportunity to make a positive impact on individuals and the UK economy. In doing so, you will be part of a thriving professional community and enjoy a challenging environment with a range of opportunities for professional and personal development.
The role offers extensive development opportunities in applied economics, financial services and broader professional skills.
Qualifications, Skills & Experience
- Strong academic background in Economics, with a focus on Industrial or Competition Economics
- A proven track record providing high-quality economic advice on competition matters, gained in a consultancy, competition or regulatory agency and/or law firm (ideally as economic lead)
- Ability to act as lead economist as part of a multi-disciplinary team, including an ability to educate and coach others.
- Ability to deliver and thrive in a fast-moving environment, maintaining pace and quality of delivery.
- Ability to make a strong personal impact, persuading with well-reasoned arguments and challenging where appropriate.
- Can demonstrate the ability to explain complex issues succinctly and with clarity, both in writing or orally.
- Experience of project management
- Ability to provide thought leadership in economics
- Experience in (competition analysis) of financial services and/or a particular financial sector
- Familiarity with competition powers at EU and UK level, and an understanding of UK competition regime
- Previous experience of line management
About the FCA
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 Competition Division is looking to recruit a Technical Specialist (Economics) to lead on the provision of economic advice across a range of projects, including market studies, competition enforcement cases and/or the wider work of the department driving forward the FCA’s competition mandate. This is an exciting opportunity for a professional economist to join a team of competition experts, shaping the work of the FCA at this formative time.
The salary range will be approximately £65,000 to £85,000, plus a competitive benefits package and non-contributory pension.
This role will be based in London, Canary Wharf, with a planned move in 2018 to a new site in The International Quarter, Stratford.
On-line application, please submit your CV using the relevant link: FCA – Job Details
Applications for this role close on 19 August 2018.
If you have any questions, please contact Lucy Matthews on Lucy.Matthews@fca.org.uk
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.