Wholesale Market Risks and FICC Risk management Specialist

Financial Conduct Authority; City of Edinburgh; Hybrid; GBP 52,000 - 71,000; Full time

Job summary

A financial regulatory organization in the UK is seeking a Wholesale Market and FICC Specialist. This role involves developing market risk analyses, preparing communications for senior audiences, and collaborating on market risk projects. The ideal candidate will have experience in wholesale FICC or FX markets, strong data analytical skills, and proven project management abilities. The position offers a salary ranging from £52,400 to £71,000 depending on skills and experience, with a hybrid working model.

Benefits

25 days annual leave plus bank holidays

Hybrid model with up to 60% remote work

Non-contributory pension

Private healthcare with Bupa

35 hours of paid volunteering annually

Flexible benefits scheme

Qualifications

• Proven experience of working in wholesale FICC or FX financial markets and products.
• Prior experience of using data and analytics to assess market risks.
• Demonstratable experience of stakeholder communication with diverse audiences.

Responsibilities

• Develop market and product risk analyses.
• Prepare analytical communications aimed at senior audiences.
• Create data visualisations to support risk analysis.
• Lead supervisory responses to market events.
• Collaborate on thematic projects to address market risks.

Skills

Wholesale FICC or FX financial markets experience

Data and analytics skills

Stakeholder communication

Project management

Ability to work under pressure

Team collaboration

Influencing senior stakeholders

Job description

Job Title: Wholesale Market and FICC Specialist

Division: Supervision, Policy & Competition Department: Sell Side – Wholesale Markets

• Salary: National (Edinburgh and Leeds) ranging from £52,400 to £71,000 and London from £57,000 to £75,000 (salary offered will be based on skills and experience)
• This role is graded as: Senior Associate, Regulatory
• Your recruitment contact is Shafika via [e-mail]. Applications must be submitted through our online portal. Applications sent via social media or email will not be accepted.

About the FCA and team

We regulate financial services firms in the UK, to keep financial markets fair, thriving and effective. By joining us, you’ll play a key part in protecting consumers, driving economic growth, and shaping the future of UK finance services.

SPC oversees firms and individuals (supervision), creates and reviews the rules by which they operate (policy) and identifies and remedies ineffective competition in markets (competition).

The Sell-side Market Analysis and Policy Department is the key function that assesses market wide risks in wholesale markets, tracks and monitors market trends and analyzes product specific issues. The Wholesale Markets Sector team focuses on identifying, quantifying and monitoring risks to markets, leading the wholesale crisis response and overseeing financial stability work related to wholesale markets.

Role responsibilities

• Develop market and product risk analyses drawing conclusions from market and regulatory data to identify and assess market wide and emerging risks
• Prepare clear and concise analytical communications aimed at senior audiences
• Create clear data visualisations from complex data sources to support risk analysis
• Lead and coordinate supervisory responses to market events working with supervisors, firms and internal stakeholders.
• Collaborate on cross organisation thematic projects to identify and address market wide risks

Skills required

Minimum:

• Proven experience of working in wholesale FICC or FX financial markets and products
• Prior experience of using data and analytics to reach conclusions around risks to markets or firms using robust judgement
• Demonstratable experience of stakeholder communication, with experience of communicating effectively with a diverse audience, managing complex, technical issues in a clear and digestible format

Essential:

• Proven ability to manage projects and deliver high quality outputs on time
• Ability to work at pace and under pressure, using sound judgement and escalating issues appropriately
• Confident in taking responsibility with the ability to balance and manage competing priorities, working proactively and in a team
• Proven ability to impact and influence senior internal and external stakeholders

Benefits

• 25 days annual leave plus bank holidays
• Hybrid model with up to 60% remote work
• Non-contributory pension (8–12% depending on age) and life assurance at eight times your salary
• Private healthcare with Bupa, income protection, and 24/7 Employee Assistance
• 35 hours of paid volunteering annually
• A flexible benefits scheme designed around your lifestyle

For a full list of our benefits, and our recruitment process as a whole visit our benefits page.

Our values and culture

Our colleagues are the key to our success as a regulator. We are committed to fostering a diverse and inclusive culture: one that’s free from discrimination and bias, celebrates difference, and supports colleagues to deliver at their best. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation.

If you require any adjustments due to a disability or condition, your recruiter is here to help - reach out for tailored support.

We welcome diverse working styles and aim to find flexible solutions that suit both the role and individual needs, including options like part-time and job sharing where applicable.

Disability Confident: our hiring approach

We’re proud to be a Disability Confident Employer, and therefore, people or individuals with disabilities and long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. In cases of high application volumes, we may progress applicants whose experience most closely matches the role’s key requirements.

Useful information and timeline

Timeline:

• Job advert close: w/c 30th November 2025
• CV Review/Shortlist: 2nd December 2025
• Case Study Assessment: w/c 8th December 2025
• Second Interview: w/c 15th December 2025
• Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time.