Senior Associate – Crypto Policy (Retail & Consumers)

The Role We are looking for talented, motivated and outcome focused individuals with varied experience and backgrounds to join our diverse and inclusive Crypto Policy team. The Crypto Poli

The Role
We are looking for talented, motivated and outcome focused individuals with varied experience and backgrounds to join our diverse and inclusive Crypto Policy team. The Crypto Policy team plays a critical role in leading the FCA’s policy work on Crypto Assets. This sector has become hugely important and continues to grow at great pace. It is innovative, creating opportunities for consumers and regulated participants but also new risks that we must stay ahead of.
Our work includes the development, consultation and implementation of Crypto policy for retail and consumer issues. We work closely with Crypto Markets Policy, Supervision and our International Department given the global nature of crypto.
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 does the role involve?
The team’s activities include:
  • Leading, coordinating and delivering crypto policy projects using knowledge, analysis and project management skills
  • Developing excellent working relationships across the organisation, working flexibly with them to identify, analyse and solve issues
  • Representing the FCA externally with government departments like HM Treasury, industry participants and other regulators
  • Writing and presenting policy proposals to decision-makers in the FCA
  • Delivering public consultation on changes to FCA rules or guidance as well as supporting and advising HMT on impact of legislative changes
  • Contributing to international policy discussions with stakeholders
  • Researching and analysing industry developments (e.g. new products and business models) and advising on their regulatory treatment, in collaboration with our General Counsel Division
  • Providing training and advice and briefings about policy issues to FCA colleagues
  • Coaching, mentoring and supporting colleagues in technical knowledge and interactions with firms/other stakeholders.
  • Role modelling the FCA’s Values and Core Capabilities.
What will you get from the role?
  • The chance to join a team and, from September a new Digital Assets Policy department, that will lead the FCA’s strategy in this exciting and rapidly evolving sector
  • The opportunity to assess business models and market dynamics in the context of developing policy proposals
  • The opportunity to engage and interact with excellent colleagues across the FCA and build a wide network of contacts across the organisation
  • The opportunity to liaise with government, other regulators, industry and other opinion formers shaping the market
  • The opportunity to develop more in-depth knowledge of the cryptoasset sector
  • The chance to demonstrate clear and logical thinking through oral and written work
About You
Minimum
**
Any disabled applicant meeting the minimum criteria will automatically progress to interview stage, should they enter under the

Disability Confident scheme

. For more information on the FCA’s commitment to building a diverse and inclusive workforce, including guidance on drafting criteria, please refer to the

FCA’s Positive Action Framework.

**

  • Experience of taking a project-based approach to complex problems
  • Experience in applying analytical skills and judgement, whether gained in industry, research, economics, insight or policy work.
Essential
  • Knowledge of the UK regulatory framework
  • Some knowledge of the cryptoassets sector and quick learner/keen learner
  • Understanding of what makes markets work well for consumers and the impact of regulation on consumers, including unintended outcomes
  • Strong report writing, communication and reviewing skills, with an ability to describe complex issues concisely
  • Experience of assessing risks arising in complex business models
  • Ability to analyse complex information, reaching well-informed judgements and identifying and presenting relevant issues and recommendations in a timely manner
  • Excellent relationship and stakeholder management skills to enable credible engagement and challenge senior internal and external stakeholders
  • Ability to work with pace and under pressure, use sound judgement and escalate issues appropriately
  • Ability to balance and manage competing priorities, working independently and in a team, and manage several work streams simultaneously
  • Comfortable with responsibility and managing ambiguity
Desirable
  • Detailed knowledge of cryptoasset business models, blockchain and the regulatory challenges they pose
  • Knowledge of consumer lending/borrowing and P2P business models
  • Knowledge of payments / e-money business models
  • Knowledge of trading firms and consumer investing behaviour
About the FCA
At the FCA, we’re creating a fair and more resilient financial system. We’re establishing more transparent relationships between financial services and their customers, building trust in financial markets and protecting vulnerable consumers.
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.

As an inclusive employer, we are open to considering flexible working arrangements. Please contact our recruiter if you wish to apply for this role on a flexible basis.

Additional Information
  • The job family for this role is Senior Associate – Regulatory
  • This role is based in London
  • The salary range for London is approximately £50,000 – £65,000 depending on the successful candidate’s skills and qualifications, plus a competitive benefits package and non-contributory pension.
  • Applications for this role close on 26th July 2022
Useful Information
The FCA is currently trialling a new hybrid way of working, requiring colleagues to spend 40% of their time in the office each month until the end of July. This trial period will allow us to identify the most appropriate balance of hybrid working, enabling us to benefit from the best of both working in an office environment and remotely.
The Financial Conduct Authority (FCA) has recently set out a

new employment offer

designed to reward strong, consistent performance, aid career development and close pay gaps.

This follows an extensive, wide-ranging and comprehensive consultation with all FCA colleagues and the FCA’s Staff Consultative Committee. The changes, including updates to the proposals consulted upon, will mean that the FCA continues to provide one of the best reward packages of any regulator or enforcement agency in the UK.
If you have any questions please speak to your recruiter or visit the FCA

website

(or

intranet

for internal colleagues).

Please note – Applications must be submitted through our online portal. Applications sent via email will not be accepted.

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