Market Risk Specialist

Job title: Market Risk Specialist

Pay: Up to £600 per day (Inside IR35, PAYE)

Hours: Minimum of 21 hours per week, up to full-time

Duration: 12 months

Location: 2 days per week in the Stratford, London office (50% in office from 1 September)

Your recruitment contact is Olivia Greig

About the organisation

Our client is an independent regulatory body in the UK responsible for ensuring the financial markets work well for the consumers and the economy, promoting market integrity and effective competition.

About the role

We are seeking a contract Market Risk Specialist to support the development of policy proposals as part of the review of the market risk capital requirements for specialised investment firms. This work forms part of a broader programme of reform signalled by the FCA's Chief Executive in October 2024 and subsequently reflected in the UK Government's Financial Services Growth and Competitiveness Strategy published in July 2025.

The successful candidate will provide specialist technical support to the team as it develops proposals for consultation, with a Consultation Paper (CP) scheduled for publication in October 2026 and supports the subsequent refinement and finalisation of policy proposals following consultation.

Role Responsibilities:

• Provide technical market risk expertise to support the review of capital requirements for specialised investment firms.
• Support the development of policy proposals for inclusion in the Consultation Paper scheduled for publication in October 2026.
• Contribute to policy analysis, drafting and internal challenge on complex market risk issues.
• Assist in assessing the prudential and wider regulatory implications of potential policy options.
• Support the team in reviewing, analysing and responding to stakeholder feedback received through the consultation process.
• Help ensure policy proposals are evidence-based, coherent and deliverable within the required timetable.
• Work closely with existing team members and relevant internal stakeholders to maintain momentum on this high-profile and technically complex project.

Skills:

Minimum:

• Strong technical knowledge of market risk and prudential capital requirements.
• Experience of analysing complex regulatory or policy issues, ideally in financial services regulation, risk, prudential policy or a related field.
• Ability to apply technical expertise to support the development of policy proposals.
• Strong drafting skills, including the ability to contribute to consultation and policy documents.

Essential:

• Ability to interpret and assess stakeholder feedback and translate this into policy recommendations.
• Strong analytical skills and sound judgement.
• Ability to work effectively in a collaborative team environment and deliver to demanding timelines.

Disability Confident: our hiring approach

We're proud to be a Disability Confident Employer, and therefore, people or individuals with disabilities and long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. In cases of high application volumes, we may progress applicants whose experience most closely matches the role's key requirements.

What are the next steps?

If you are interested in the role, click the apply button and we will get in touch with you to discuss next steps.