Market Abuse Technical Specialist

Requirements of the role

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.

An exciting opportunity for a Market Abuse Technical Specialist has arisen in the Market Oversight (MO) department to disrupt and deter Market Abuse. Whilst reporting to the HoD/Senior Manager of Secondary Market Oversight (SMO), the successful candidate will also work closely with MO’s Primary Market Oversight (PMO) teams to create a systematic programme of disruption throughout the UK Markets.

MO leads the FCA’s efforts to combat market abuse in both primary and secondary markets, supporting market integrity and function. Handling over 500 million trading records daily and thousands of intelligence reports annually, the department uses data-driven regulation to disrupt abuse and support enforcement cases. As well as having its own sophisticated surveillance programme, MO engages with market participants to supervise their surveillance systems and assist firms in designing and implementing market abuse risk frameworks, and collaborates with other FCA divisions and external stakeholders to address threats to market integrity.

What will you be doing?

Designing and leading MO’s market abuse disruption and prevention strategy in order to cause maximum disruption to those intent on all forms of market abuse, across both primary and secondary markets

Developing and delivering communications relating to disrupting market abuse, as well as identifying new opportunities to promote our message

Working with internal policy teams and external stakeholders on key market abuse policy and legislation issues to plug gaps in the existing market abuse legal framework

Being SMO’s point of contact for the Takeover Panel with respect to leak enquiries, joint communications, and information sharing

Leading work to identify persons and organisations facilitating, but not necessarily directly engaging in, market abuse, disrupting those actors and supporting our Enforcement department in progressing litigation

Proactive detection of firms whose weak control environments facilitate market abuse, either deliberately or inadvertently, and working closely with those firms and colleagues across the FCA on the deployment of appropriate tools (Supervisory or otherwise) to improve those controls

Working closely with all relevant FCA divisions to ensure that the idea of disruption is embedded across the organisation

Mentoring, training and developing MO colleagues, and working to ensure that markets expertise is appropriately applied to workstreams throughout not only MO and Enforcement, but also other divisions within the FCA

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