Job description
Job Title: Wholesale Cryptoasset Policy Associate
Corporate Title: Associate - Regulatory
Locations: London / Leeds / Edinburgh (Hybrid Working)
Are you interested in joining a team that will help shape and deliver the future of digital assets policy in wholesale markets at the FCA?
The Role
As financial markets in crypto and digital assets develop and mature, entering the comprehensively regulated world of wholesale markets, regulators also need to innovate and adapt our regulatory framework to deal with new and evolving opportunities and challenges.
The Capital Markets Department within the Supervision, Policy and Competition Division at the FCA is at the forefront of developing policy solutions in the wholesale markets, considering new policy tools within the evolving UK legal and regulatory framework and working with international partners to meet the FCA's core objective of market integrity. We are at the forefront of delivering the FCA s three year strategy in particular promoting competition and positive change.
We are looking to fill an Associate role in the newly formed Wholesale Cryptoasset Policy team. The teams' responsibilities include:
- establishing a disclosure framework for cryptoassets,
- developing a market abuse regime for cryptoassets
- developing a framework for trading and settlement of cryptoassets
- coordinating work across the FCA on tokenisation
Our actions are driven by the Cryptoasset Taskforce created by HMT in 2018 as well as market developments and our greatest challenge at present is to design a more comprehensive regulatory framework for crypto to help shape the future of this diverse, fast-paced, and ever-changing sector.
What you will be doing
You will join a dedicated team of policy professionals who are focused on shaping creative and evidence-based policy solutions that benefit consumers, markets and competition. We work collaboratively to solve problems and flexibly to delivery market integrity. We are committed to sharing our knowledge and encouraging new ideas.
- Applying creativity and innovation to helping to develop policy solutions for the challenges created by the introduction of new actors and products in the wholesale markets.
- Working with the team to help create and communicate a vision for a long-term outcome for regulating the UK Cryptoasset markets;
- Input to and help present policy proposals to FCA Senior Management and deliver public consultation of proposals
- Work with others departments across the FCA to learn for their expertise and knowledge including those working in retail crypto policy as well as those in Enforcement and Market Oversight and Wholesale Supervision.
- Help manage relationships with a diverse range of external stakeholders in this field
- Engage effectively with key internal and other regulatory stakeholders, including international regulators, HM Treasury, PRA, Bank and our independent panels.
The skills and experience you'll have
Minimum
- Previous experience of working within financial services regulation/policy making
- Proven stakeholder management and written communication skills
- Proven experience of working effectively as part of a team, undertaking team-based problem-solving, and to support and assist others
Essential
- Strong stakeholder management skills and communication skills
- Genuine interest for wholesale financial markets and/or cryptoassets
- An ability to demonstrate proactive working style
- Ability to prioritise effectively
- Willingness and ability to learn new areas of markets and policy quickly
- Collaborative and flexible approach to support team members
- Positive, enthusiastic, constructive and "can do" attitude
Desirable
- Understanding of crypto markets and how they function
- Experience of working in a regulatory/public policy related field
- Understanding of the UK policy and legislative processes.
- Knowledge of cryptoassets or any area of wholesale financial services legislation (MiFID, MAR, UCITs etc)
- Professional experience working in industry
Please note the FCA Conflicts of Interest policy will apply to any members of the team with regards to any activities in relation to cryptoassets.
About the FCA
The FCA regulates the conduct of 50,000 firms in the UK to ensure our financial markets are honest, fair and competitive. We do this to make sure markets work well for individuals, businesses and the economy as a whole. For more information on what we do, our three-year strategy can be found here.
The FCA's Values & Diversity
Our ambition is to cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. 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. We particularly welcome applications from women, disabled, and minority ethnic candidates, as under-represented groups