Fixed Income Technical Specialist

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.

Market Oversight (MO) is responsible for overseeing primary and secondary market participants through the listing, prospectus, and market abuse regimes. Our mission is to promote conduct that supports trusted, orderly, and efficient markets. Market Abuse Enquiries is part of Secondary Market Oversight, which has the primary responsibility for identifying and reviewing instances of potential market abuse and referring the most serious cases to Enforcement.

Secondary Market Oversight has the primary responsibility for identifying and reviewing instances of potential market abuse and referring the most serious cases to Enforcement.

We are looking for a new team member to join our FICC Market Abuse Team (Fixed Income, Currency, and Commodities), specialised in investigating market abuse in FICC markets. Our work derives from market abuse notifications reported to the FCA and proactive detection, using a data-led approach with focus on those products and markets that are subject to our enhanced regulatory focus. Our team has an exciting opportunity for a Fixed Income Technical Specialists (TS) to occupy a senior position with the FICC Market Abuse team, personally handling the most complex investigations, driving the Fixed Income market abuse workstream and acting as subject matter expert on complex FICC work. We are looking for a person with significant practical experience in Fixed Income markets and products, exposure to regulatory environment and very strong personal drive and commitment, to deliver assertive action on market abuse.

The role includes triage of market abuse notifications and trading of concern, managing your own portfolio of market abuse casework, acting as appointed investigator in formal Enforcement investigations, taking responsibility for difficult assessments, and driving change. Furthermore, the role drives and contributes to development and further enhancement of our analytical capabilities to increase efficiency and effectiveness in the assessment, and visualisation of commercial and regulatory data.

What will you be doing?

• Reviewing allegations of market abuse in Fixed Income, conducting pre-Enforcement referral investigation and recommending which cases should be recommended for formal investigation by Enforcement or addressed with alternative outcome
• Responsibility for Fixed Income market abuse workstream including market abuse tiering, risk and prioritisation framework, identifying and focusing on those products and markets that are subject to our enhanced regulatory focus
• Driving our data led Fixed Income market abuse approach, including development of new and enhancement of existing analytical capabilities to interrogate commercial (e.g., pricing data) and regulatory data (e.g., transaction and orderbook data)
• Assessing most complex Fixed Income market abuse cases, assessing, and visualizing large pricing, orderbook and other data sets with OneTick, Tableau, Excel, and Python
• Providing Fixed Income technical expertise for development and enhancement of market abuse surveillance alerts
• Working with Enforcement on formal investigations, gathering and assessing evidence, and providing technical expertise

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