Remedies Manager

Requirements of the role

Lead the ground-breaking remedies function at the Financial Conduct Authority!

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 recruiting for a Manager to lead our new remedies design unit, sitting in the Regulatory Reform and Remedies Department in our Competition directorate. We are looking for candidates with experience in managing economic analysis, with a background in economics or alternative analytical discipline.

You will lead a pioneering new remedy design unit, one of the first of its kind in UK regulation. In its first year, the unit has advanced FCA thinking on how best to use the outcomes-based Consumer Duty in policymaking, and provided the competition thinking behind regulating new products and markets such as cryptoassets, new types of financial advice/guidance (through the Advice Guidance Boundary Review) and a new type of trading platform (PISCES).

In the coming year, the unit will be engaging in complex market design through competition and evidential analysis for the Open Banking long term regulatory framework and Open Finance. The unit will also continue to achieve impact through bringing advanced evidence-led and foundational thinking to how the FCA intervenes in UK financial services, embedding the latest competition thinking into wider policymaking, as well as drawing on cutting edge practitioner and academic evidence in public policy.

The unit is multidisciplinary, with economist and non-economist team members, and draws synergies from sitting alongside another team in the department responsible for embedding growth and competitiveness in the FCA.

What will you be doing?

In this role, you will:

• Lead the remedies team and programme of work, working alongside your Head of Department to implement the vision for the function
• Ensure high quality delivery, on time and to budget, of value-add analysis and insight that shapes FCA rulemaking, market study remedies and other interventions
• Developing the technical capacity and competencies of the remedies function, including recruiting, developing and training, coaching and managing team members, as well as keeping your own technical knowledge and competencies updated and sharing knowledge more widely
• Establish strong working relationships with peers and HoDs in Competition and Policy (MAP) departments, with strong influencing skills to ensure the team’s work has maximum impact
• Manage matrix working teams across departments and divisions, being able to articulate clear divisions of responsibilities, ways of working and ensure delivery in these environments
• Managing the operations of the team, including risk, budget items and process efficiency, as appropriate

View on member website