Our client is a financial institution, they are seeking a Policy Analyst for their central counterparty clearing (CCP) policy team. This team is involved in a wide range of work that involves collaboration with the Financial Conduct Authority (FCA) and with other UK, foreign and international...
Part time Policy Analyst - Banking
Our client is a financial institution, they are seeking a Policy Analyst for their central counterparty clearing (CCP) policy team. This team is involved in a wide range of work that involves collaboration with the Financial Conduct Authority (FCA) and with other UK, foreign and international authorities, and provides both insight and exposure to many different parts of the financial services industry.
The CCP policy team is a collaborative and well-motivated team, with responsibility for developing internal policy positions in relation to CCPs and clearing more generally, and pursuing these internationally with other central banks and regulators. For example, key international stakeholders include the Financial Stability Board (FSB), CPMI-IOSCO (an international standard setter) and the European Securities and Markets Authority (ESMA). The team has an exciting and high profile forward agenda, including development and implementation of international standards through CPMI-IOSCO and the FSB, the FSB Assessment of the impact of derivatives reform which is due for completion in 2018, negotiation of a number of high profile EU legislative proposals, and a significant amount of work in relation to the withdrawal of the UK from the EU.
You will work closely with Risk and Research, and Trade Reporting teams, in the interpretation and implementation of policy and when providing advice and guidance during discussions with CCPs and their member firms. The policy team also has regular contact with external stakeholders at CCPs and within the banks and other financial and non-financial firms that are the members of CCPs and their clients.
The jobholder’s responsibilities will include work to facilitate the UK’s withdrawal from the EU, as well as involvement in the development and implementation of international standards. This will include drafting policy papers, technical analysis, briefing senior staff and representing the firm’s policy views to the government, other authorities internationally and market participants. An important part of the role involves providing support to firm supervisors in relation to clearing and derivatives issues and maintaining contact with market participants and other authorities in order to have a good understanding of the challenges facing CCPs and their users.
Candidates should have knowledge of the wider financial stability and regulatory reform agenda, and whilst experience of CCPs and derivatives markets would be beneficial, it is not essential.
To succeed in this role you will need to have strong analytical skills, including the ability to interpret data and translate complex material into easily understandable policy conclusions. The jobholder should also have strong time and work management skills, be able to respond to requests at short notice while ensuring that key milestones for longer term projects are met.
Effective oral and written communication skills: including experience of drafting for senior staff or committees and the ability to present ideas and influence others to achieve desired outcomes. Experience of building relationships is also welcome.
As well as strong analytical and communication skills, you will need to be comfortable working collaboratively in an intellectually challenging team environment; and have the confidence to provide robust challenge both internally and externally while also showing sound judgment on when and how to seek compromise.
Location: City of London
Salary: up to £54K basic plus 10% bonus and excellent flexible benefits package
Flexibility: 4 or 5 days a week flexible working with some home-based working