Senior Supervisor – Market Abuse Surveillance Supervision

Requirements of the role

About the FCA

The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA

The Enforcement & Market Oversight (EMO) division is responsible for the FCA’s responsibilities for market monitoring, delivery of the functions of the UK Listing Authority (UKLA) and the investigation and prosecution of misconduct using the whole spectrum of criminal, civil and administrative sanctions and remedies against firms and individuals.

The Secondary Market Oversight department discharges the FCA’s responsibility to combat market abuse in secondary markets and monitors markets in the service of the FCA’s broader objective to support market function and protect market integrity.

Market Abuse Surveillance Supervision (MASS) team is at the heart of our operation. MASS supervises firms’ and trading venues’ market abuse surveillance, which is the first line of defence in detecting and preventing market abuse. It ensures market participants have effective systems and controls in place to detect and report potential market abuse to the FCA through suspicious transaction and order reports (STORs). MASS co-ordinates most of our outreach to regulated firms through industry forums, round tables and public speaking at conferences and other industry events. Its market professionals support the FCA’s monitoring of real-time events such as price spikes and potential ‘fat finger’ incidents which can result in disorderly markets, investigating the causes and liaising with internal stakeholders and relevant counterparties to assess the adequacy of their controls.

What will you be doing?

• Supervision of the STOR regime, including conducting visits to firms, trading venues and other market participants to assess their market abuse surveillance arrangements and STOR policies and procedures
• Working with other FCA teams on the assessment of new trading venues and benchmark applications to establish if proposed surveillance processes and procedures are in accordance with the relevant legislation
• Liaising with industry participants including delivering formal presentations and written communications to help highlight market abuse surveillance issues
• Providing input into proposed policy initiatives which relate to our area

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