Director, Market Oversight (Equities)

Financial Conduct Authority; Greater London; On-site; GBP 200,000 - 260,000; Full time

Job summary

A leading financial regulatory agency in the UK is seeking a Director of Market Oversight to lead initiatives in the equity markets. This role involves working collaboratively with teams, stakeholders, and regulators to enhance the effectiveness of the UKs capital raising mechanisms. Candidates should have strong equity market expertise, excellent leadership skills, and experience managing significant change. This position offers a substantial salary range reflecting the strategic importance of the role with significant impact on the UK’s financial services landscape.

Qualifications

• Strong practical experience and expert knowledge of the operation of UK equity markets.
• Experience dealing with external stakeholders and establishing credibility.
• Ability to lead through periods of change and maintain team collaboration.

Responsibilities

• Lead the development and delivery of the FCA's wholesale equity market priorities.
• Develop capabilities using digital tools to improve efficiency.
• Maintain relationships with key internal and external stakeholders.

Skills

Leadership

Stakeholder management

Analytical skills

Equity market expertise

Communication skills

Education

Degree in Finance or related field

Tools

Microsoft Excel

SQL

Microsoft PowerPoint

Job description

About the FCA

At the FCA we want to deepen trust in financial services and enable a fair and thriving financial services market for the good of consumers and the economy. We want to deepen trust rebalance risk support growth and improve lives.

Our strategic priorities are to be a smarter regulator to support sustained economic growth to help consumers navigate their financial lives and to fight financial crime.

Significant improvements in digital enablement, business intelligence, market data and information management maturity are all being pursued to maintain our position as a world leader in financial services regulation.

The Role

There are few jobs where you can make a real difference to the 2 million people who work in the UK Financial Services industry, the 40 million consumers of financial products and the stability of our economy as a whole. Our people are integral to our success as an organisation working alongside industry visiting firms and speaking to consumers and investors every day as we strive to ensure the FCA is setting the standard for other regulatory bodies across the world.

As part of our strategic focus on growth we are seeking to enable investment innovation and ensuring the continued competitiveness of the UKs world‑leading financial services. Strengthening the UKs position in wholesale markets is key to this. And as part of our strategic focus on financial crime we seek to maintain the UKs high standards of market integrity. The UK occupies a pivotal position in global markets being the second biggest global financial hub and first in the world for international debt issuance and foreign exchange trading. The FCA is committed to supporting UK market excellence and to maintaining the UKs reputation for clean and transparent financial markets.

We have recently delivered an exciting programme of reform to UK public equity markets with the biggest listing rule changes for decades, optionality for investment research, major shifts in prospectus rules and a new public offer regime. We are investing in the excellence of our primary equity markets in support of growth.

Our Market Oversight directorate covers the full range of UK primary and secondary market activity across equity, fixed income, currency and commodity markets. Its mission is to promote the conduct that supports trusted orderly and efficient primary and secondary markets by promoting market standards and practices that balance the interests of all stakeholders; by exercising expert oversight in a proactive constructive and proportionate manner; and by exposing and changing behaviours which threaten trust and confidence in our markets.

Given the breadth and diversity of the Market Oversight remit we operate a co‑director model to ensure that all product lines and activity receive the right level of oversight and attention with the right level of market‑specific technical expertise. We are looking for a director with equity capital markets expertise to work closely and collaboratively alongside a co‑director. The two directors share responsibility for the leadership of the directorate as a whole with each having specific responsibility for specific functions within the directorate.

This exciting opportunity for a Director of Market Oversight entails overseeing the conduct of participants in the primary market through the listing prospectus and disclosure regimes. The FCA has always had a strong footprint as a regulator of equity markets and this role entails the oversight of our Listings function – the gateway to securing a UK listing – as well as our Primary Markets Oversight function ensuring issuers keep the markets promptly informed of developments while also horizon scanning and focusing on sponsor conduct in a fast moving market environment.

Building the capital markets capability of the UK finding the right balance between risk and growth and growing the digital capability of the teams are all critical aspects of this important role. This will require UK equity capital market expertise and strong leadership skills as we build out our teams and capabilities.

The Director will have specific responsibility for Listings and Primary Market Oversight. The Director will also work collaboratively with industry and across the FCA will engage closely with other UK agencies and will operate at international level to increase the sharing of data and insights and scale up cross‑agency and cross‑border co‑ordination.

This is a unique opportunity to feed directly into the FCA's work to strengthen UK wholesale markets at a critical time.

What will the candidate get from the role

You’ll join the FCA's senior leadership team at an exciting period of change for financial services and its regulation. You will lead teams of talented and committed people working collaboratively on significant projects and programmes.

You’ll get exposure to a broad range of issues and will contribute to both Market Oversight and the wider FCA's senior leadership team helping to shape and influence the organisations strategy.

Key responsibilities

• Leading the continued development and delivery of the FCA's wholesale equity market priorities through a period of significant change growth and development.
• Developing our capabilities through the use of digital tools and AI capabilities to improve efficiency championing new ways of working.
• Role modelling the necessary cultural change and creating a strong sense of engagement purpose and collaboration.
• Forging and maintaining strong and collaborative partnerships with key internal stakeholders to ensure a coordinated effective and forward‑looking FCA approach to equity markets.
• Representing the FCA externally with credibility and authority forging and maintaining relationships with key external stakeholders (including domestic and international regulatory and enforcement authorities) and creating and driving a strong FCA narrative in relation to the effectiveness of UK equity markets as a capital raising mechanism.
• Representing the Directorate and Division at relevant FCA boards committees and working groups.
• Playing an active role as a member of the FCA senior leadership team and ensuring the Directorate contributes effectively to the success of the new FCA strategy.

Skills / Experience Required

We are a Disability Confident Employer; therefore disabled people or individuals with long‑term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. (To learn more about the Disability Confident Scheme Click Here).

Minimum

• Strong practical experience and expert knowledge of the operation of UK equity markets.
• Experience of dealing with external stakeholders with gravita s a n d c r edibility.
• Role model strong leadership behaviours in line with the FCA values and capabilities and delivering organisational priorities

Essential

• Strong people leadership able to lead clearly and decisively through periods of change.
• Strong senior level equity market experience ideally market facing with a risk management mindset.
• A strong understanding of equity market dynamics with an appetite to support our strategic focus on sustained economic growth
• Strong relationship and stakeholder management skills including the ability to influence senior decision makers internally and externally.
• An analytical mindset and a risk‑based approach to decision making including the ability to make effective judgments and decisions often in a time critical environment.
• Ability to act confidently within the legal framework under which key decisions are made and to identify legal risk.
• Excellent oral and written communication skills
• The ability to deal with several competing priorities and work‑streams often under significant time pressure.
• A strong sense of the value of teamwork and in particular the ability to collaboratively co‑lead the wider Market Oversight directorate alongside the Director of FICC Market Oversight

Desirable

• Good awareness of both the political and media interest in the FCA's work and the ability to manage communications and relationships in these spheres sensitively.

The FCA's Values & Diversity

Our ambition is to create a diverse and inclusive workplace that reflects the society we serve helping us to be a better regulator. We serve the public and our decisions directly affect the wellbeing of people, businesses and the UK economy. So our values represent the culture we aspire to every day guiding our judgements building trust and helping us to be at our best.

The FCA is committed to achieving greater diversity across all levels of our organisation. Given this we particularly welcome applications from women, disabled and minority ethnic candidates as under‑represented groups.

As an inclusive employer we are open to considering flexible working arrangements including job shares. Please inform your recruiter if you wish to apply for this role on a flexible basis.

Application Support

We want to remove any possible barriers and are committed to providing a wide range of reasonable adjustments so that you can keep the focus on your conversations and be at your best.

If you have an accessibility requirement, disability or condition that means you might require changes to the recruitment process please contact your recruiter to discuss this further. Our aim is to make your application as easy as possible and your recruiter will be happy to work with you to make any necessary arrangements where possible.

Conflicts of interest

All applicants to the FCA are required to demonstrate that they do not have other interests likely to conflict with their responsibilities as an employee of the FCA. You should declare any potential conflict of interest as early as possible in the selection process and also disclose information or personal connections that, if appointed, might be open to misperception.

Any potential conflicts of interest will not prevent candidates going forward to interview but may, if appropriate, be explored during the interview to establish how the candidate would address the issue(s) should they be successful in their application.

Useful information

• The closing date for this role is 23 : 55 on Thursday 11 th December.
• Selection will be via a two‑stage interview plus psychometric assessment.
• To apply please submit your CV and two‑page cover letter. Successful applicants will be required to obtain and retain DV Clearance.
• We operate a hybrid working policy with an expectation that senior leaders spend a minimum of 50% of their working time each month in the office.
• The salary range for the role for London is £200,000 to £260,000.

The FCA has retained Russell Reynolds to advise on this appointment. For further information about the position and additional details on qualifications, requirements, terms and conditions of service please contact Russell Reynolds or, should you wish to speak with someone before submitting an application, please contact quoting reference number 2510-113L.

Required Experience : Director

Key Skills : Microsoft Access, SQL, Analysis Skills, Microsoft Powerpoint, Securities Law, Data Mining, Investment Banking, Market Research, Microsoft Excel, Visual Basic, Bloomberg, Data Analysis Skills

Employment Type : Full‑Time

Experience : years

Vacancy : 1

Monthly Salary : £200,000 – £260,000