Senior Interventions Associate – Economist – Regulatory Reform and Remedies Department

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.

We are currently looking to recruit someone with an economics background in our remedies function, sitting in the Regulatory Reform and Remedies Department in our Competition directorate.

You will be joining a pioneering remedy design unit, one of the first of its kind in UK regulation. The unit brings advanced evidence-led and foundational thinking to how the FCA intervenes in UK financial services, drawing on cutting edge practitioner and academic evidence on what works in public policy, as well as embedding the latest competition thinking into wider policymaking. We will achieve impact by shaping the frameworks, evidence base and options analysis that underpin what rules and other interventions the FCA might choose to make.

Our remedies function has developed an exciting programme of work to support intervention design at the FCA, including:

• Advancing the next generation of outcomes-based regulation thinking for the FCA, as part of evolving the principles and frameworks for how the FCA chooses different interventions
• Fusing evidence, causal chain and design thinking to support policy and supervisory teams in creating interventions, drawing on the full range of the FCA’s regulatory toolkit
• Deploying competition thinking when FCA interventions are being considered, ensuring any FCA action is underpinned by a strong understanding of how firms compete in the relevant markets
• Harnessing the latest evidence from other policymakers and academic literature on what works in public policy, developing a common evidence base for designing interventions at the FCA
• Collaborating with, influencing and supporting policy and supervisory teams across the organisation

What will you be doing?

You will play a key role within the remedies function, helping to progress a diverse programme of work within a new team, including scoping the role of the team on individual projects and leading on stakeholder engagement with colleagues across the FCA.

Providing high-quality analysis, you will influence a range of policy issues, where you will support the development of our regulatory approach. You will be responsible for driving the engagement with colleagues across the FCA and influencing senior colleagues and decision makers to advocate for the positive role of competition in markets.

You will scope and drive assessments of the impact of FCA interventions on markets, provide expert input on FCA publications and help to develop the Remedies team’s economics expertise.

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