Senior Associate, Market Intelligence & Engagement, ESG Division – FCA

Neera Shah
Neera Shah23rd November 2021

Are you someone who wants to make a real difference through your work? We’re looking for a highly skilled, ambitious and proactive individual to join the FCA’s new ESG Division.

Led by Sacha Sadan, the FCA’s first ESG Director, the ESG Division is responsible for developing and coordinating delivery of the FCA’s strategy and commitments in the ESG space – spanning the FCA’s roles as both a regulator and operating entity. Operating at the centre of a ‘hub and spokes’ model that links in with divisions and departments right across the FCA, the ESG Division comprises a group of committed, highly collaborative individuals who are passionate about driving positive change.

To deliver on its responsibilities, the Division is introducing a structure with three teams (with extensive cross-team working), spanning:

  • ESG Market Intelligence and Engagement. Maintains the FCA’s external network, including international relationships; manages stakeholder engagement; runs market intelligence initiatives; acts as secretariat to the Climate Financial Risk Forum.

  • ESG Strategy and Coordination. Develops, maintains, coordinates and oversees the FCA’s ESG strategy; supports the development of ESG approaches across the organisation (including Authorisations, Supervision and Enforcement); provides input, advice and education; and supports FCA operations on ESG strategy.

  • ESG Policy and Advisory. Maintains ESG subject matter expertise; leads and contributes to ESG-related policy proposals; and provides expert ESG input to other FCA policy work.

  • Culture and Remuneration. Leads the co-ordination and delivery of the FCA’s external and internal focussed work-streams on the Culture and Governance priority; provides specialist supervisory support in assessing firms’ remuneration policies; and leads the Accountability workstream, focusing on the Senior Managers and Certification Regime (SM&CR)

We recently unveiled our new ESG strategy and are embarking upon an expanded programme of work to integrate more fully the consideration of climate change and ESG in all of our work. We are positioning ourselves to respond to – and build beyond – the expectation in the Chancellor’s latest remit letter to the FCA, which stated that we should “have regard to the government’s commitment to achieve a net-zero economy by 2050… when considering how to advance its objectives and discharge its functions”.

The ESG Division is therefore growing fast and is keen to hear from exceptional, committed individuals who can help to position us at the forefront of tackling ESG issues domestically and internationally. The successful candidate will be joining at an exciting time, with an unparalleled opportunity to help build the new function and drive positive change across the FCA and the financial sector more broadly.

What does this job involve?

This is an opportunity to take on a challenging and varied role, supporting the delivery of the FCA’s refreshed ESG strategy and taking on a lead role in developing our intelligence and engagement capabilities.

The role will sit in the ESG Market Intelligence & Engagement Team. Working within a dynamic and collaborative team, the successful candidate will:

  • Work with the team’s manager to develop and execute an approach to gathering market intelligence on ESG developments – taking in the governmental, industry and corporate spaces both domestically and internationally so that the FCA has best-of-breed understanding of the latest developments

  • Develop and drive a programme of external engagement in support of the above, identifying key insights and communicating their relevance to the work of the ESG Division and others within the FCA

  • Monitor political, legal and regulatory change relevant to the FCA

  • Own and manage key external relationships, including by providing the secretariat function to the industry Climate Financial Risk Forum co-chaired by the FCA and PRA, and through the statutory panels

  • Lead specific projects as needed to support our market intelligence and engagement work.

What will I get from the role?

This role will be pivotal to how we deliver our ESG aims in the face of some of the biggest challenges for society and our planet. We are aiming to be an increasingly evidence- and data-driven regulator, and the senior associate in the Market Intelligence & Engagement Team will need to embody that, having real impact on the decisions we take and the impact we have as a regulator. You will have the opportunity to liaise with stakeholders across the FCA and in government, industry, NGOs/charities and the corporate community. You will gain insights into the challenges they face, how they relate to our work and what the solutions may be – helping to shape those solutions yourself. The work will be high-paced, influential and hugely rewarding.

Skills/Experience Required  

We’re a signatory to the Government’s Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, should they meet the minimum criteria for a role. A minimum criterion needs to be measurable from reviewing a candidate’s CV. Exceptions may apply if due to the volume of applications we are not able to interview all eligible candidates who qualify under the scheme.

Minimum

  • Passionate about ESG matters, reflected in a track record of delivery in the ESG sphere

  • An evidence-based, analytical approach

  • Strong written communication skills

Essential:

  • Curiosity and a desire to learn rapidly

  • Good understanding of key ESG and sustainable finance issues and their relevance to the FCA

  • Analytical and critical thinking skills, coupled with experience of setting out complex information in an accessible way

  • An ability to lead project work and build relationships

  • Strong organisational and time-management skills

  • An ability to work independently and deliver against challenging workloads, maintaining a clear focus on target outcomes

  • Confidence engaging with internal and external stakeholders at all levels

  • A team player with the ability to build trust and influence effectively

Desirable:

  • Advanced study or professional certification in (some aspect of) ESG

  • Relevant professional experience in the public sector, the financial services industry, professional services or with a listed company

About our ESG function

Financial services and markets have an important role to play in the transition to a more sustainable future. The pressure is also increasing on business to be more purposeful and responsible.

At the FCA, we aim to make sure that our regulatory approach creates an environment in which market participants can manage the risks from moving to a more sustainable economy and capture opportunities to benefit consumers.

We have been organising our work on ESG and sustainable finance under three core themes. These reflect the priorities set out in our feedback statement FS19/6:

  • Transparency: promoting transparency on climate and sustainability along the value chain

  • Trust: building trust and integrity in sustainable finance instruments, products and the supporting ecosystem

  • Tools: working with others to enhance industry capabilities and support firms’ management of climate and sustainability risks, opportunities and impacts

The Chancellor’s remit letter to us in March 2021 stated that we should consider the Government’s commitment to achieve a net-zero economy by 2050 when we work to advance our objectives and perform our functions as a regulator. We have therefore broadened and deepened our sustainable finance strategy by introducing two additional themes:

  • Transition: supporting the role of finance in delivering a market-led transition to a more sustainable economy.

  • Team: developing strategies, organisational structures, resources and tools to support FCA regulation of sustainable finance.

Find out more at our climate change and sustainable finance webpage.

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.

Useful Information 

  • This role is graded as Senior Associate, REG C

  • The salary range will be approximately £46,000 to £68,000 plus a competitive benefits package and non-contributory pension

  • Applications for this role close on 2nd December

If you are interested learning more about the role please contact Lucy Matthews on Lucy.matthews@fca.org.uk

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

We are currently consulting with colleagues about changes to our grading, pay structure and benefits. We’re proposing a move to a more consistent and simpler approach that supports our changing role, accelerates career development, and better incentivises strong performance.

The proposed changes will also ensure that we are able to continue to offer one of the best employment packages of any regulator or enforcement agency in the UK.

The consultation opened on 21 September and finishes on 20 December 2021. We will finalise the changes in February ahead of implementing from 1 April 2022. Those joining before 20 December will be able to participate in the consultation.

If you have any questions about what this might mean for you, speak to your recruiter or visit our website

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