The FCA ensures that financial markets work well for individuals, for businesses and for the economy. The FCA has core objectives to protect consumers, protect and enhance the market integrity of the UK financial system and promote competition. The FCA is currently on an exciting journey as it drives forward significant organisational, people, process, and technology transformation to become a more innovative, adaptive, and assertive regulator.
This is a unique opportunity to join an internationally leading and highly respected financial services regulator at a critically important time in the organisation’s development. The Executive Director of Enforcement & Market Oversight (EMO) is an Executive Committee role, reporting directly to the CEO. The Executive Director (ED) will play a strategic and organisation-wide leadership role in helping the FCA fulfil its objectives and in bringing EMO in full alignment with the FCA strategy.
EMO is responsible for the FCA’s market monitoring, and the investigation and prosecution of misconduct, pursuing and remedying misconduct, using the whole spectrum of criminal, civil and administrative sanctions and remedies against firms and individuals. Market Oversight is responsible for overseeing primary and secondary market activity through its role under the listing, market abuse and short-selling regimes. Its work protects consumers and delivers market integrity by ensuring high standards of market practice and appropriate disclosure so markets will function well.
The ED will work with all parts of the FCA, will be visible with the media and parliamentary stakeholders and at the forefront of the FCA’s international enforcement cooperation.
The ED for EMO will:
- be an executive committee member with collective leadership responsibility for the success of the organisation as a whole, contributing to, and delivering, the FCA strategy.
- be accountable for the FCA’s enforcement and market oversight activity, improving operational efficiency, whilst maintaining rigour. This will include developing and executing an enforcement strategy for the recently introduced New Consumer Duty as well as new areas such as crypto assets.
- act as ambassador for EMO across sectors, leading engagements with key national and international opinion makers.
The successful candidate will bring:
- Proven capabilities in creating a vision and shaping strategy, with evidence of successful operational execution.
- Ability to lead clearly and decisively through periods of change, role-modelling cultural characteristics.
- Ability to negotiate with and influence senior people in private and public sectors and build credibility with national and international stakeholders.
- Analytical skills, with the ability to make difficult and complex judgements, taking the legal, political, and economic environment into account.
The location for this role is London, Leeds and Edinburgh., with hybrid working arrangements.
The closing date for applications is 23.55 on Thursday 8th December 2022.