Structured Reporting Analyst (iXBRL) 18-month Fixed-Term Contract

at  Financial Conduct Authority

iXBRL Reporting Analyst - 18-month Fixed-Term Contract
Salary: London ranging from £53,300 to £70,000 per annum
Are you interested in a role where you can help shape the FCA’s approach to iXBRL submissions in regulatory reporting?
The team/department
The role sits within a small team that provides support to the Market Oversight (MO) Directorate. This team helps identify and deliver technical improvements that help the division meet its outcomes and improves the experience for investors and the companies we interact with. Its work is strategic, innovative and transformational in its nature.
The vacancy in this team is for a senior associate to support work on IXBRL (inline eXtensible Business Reporting Language) structured reporting with a particular focus on working with stakeholders to develop UK taxonomies, FCA policy and rules.
What you will be doing (the role)
The world of financial reporting is changing with the advent of digital filing of Annual Financial Reports (AFRs) in a structured iXBRL format. Companies that issue securities are required to use this technology and apply digital metadata ‘tags’ to the information in the reports using a defined taxonomy of possible tags.
This means the data in their reports can be identified, extracted, compared and analysed more efficiently. The technology has the potential to significantly improve the efficiency of capital markets.
The FCA has a strategy that seeks to develop its rules on structured reporting and exploit the information to improve future compliance and to detect problems. This aligns with its role of being a forward-looking proactive regulator which includes taking advantage of data and technology to increase our ability to act decisively.

Working alongside a colleague and in collaboration with internal and external stakeholders you will have responsibility for:

• Developing an approach for evolving UK taxonomies for AFRs that keep pace with internationally adopted standards and developments
• Leading work to deliver the necessary policy, FCA rule and guidance changes
• Working with the FRC and other stakeholders to agree and implement a process for the delivery and updating of taxonomies
• Leading work to consider and develop structured formats for other types of reports and disclosures
• Supporting work to liaise with the FRC and other stakeholders at a UK and international level to collaborate and understand wider developments in iXBRL and digital reporting
• Supporting work to improve data quality and measurement of outcomes

What you will get from the role
This is an exciting opportunity to be involved in and shape the FCA’s approach to iXBRL submissions in regulatory reporting. You will also enjoy a unique insight into securities regulation in the UK at a time of change, and work collaboratively to make a real impact. In addition will also develop an understanding of the FCA’s role in maintaining market integrity and gain exposure to a wide range of people within and outside the FCA.
Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle. You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option top up your base salary by taking this as cash.

Core benefits that you will receive as standard are:

• 25 days holiday per year plus bank holidays
• Private healthcare with Bupa
• A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach age 35)
• Life assurance of eight times your basic salary
• Income protection

We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in our London office.
The skills and experience you will have
Minimum

We are 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.

• Experience of iXBRL/taxonomies and/or developing policy/rules
• Experience of financial reporting – for example, compiling, assessing or validating annual financial reports

Essential

• An interest in data analysis
• Experience of assessing complex information and drawing relevant conclusions
• Excellent communications skills and the ability to convey complex messages simply and succinctly
• Experience of managing relationships with internal and external stakeholders
• A proactive ‘can-do’ attitude with the ability to work under pressure

About the FCA
The FCA regulates the conduct of 50,000 firms in the UK to ensure our financial markets are honest, fair and competitive. We do this to make sure markets work well for individuals, businesses and the economy as a whole. For more information on what we do, our three-year strategy can be found
here.
The FCA’s Values & Diversity
Our ambition is to cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation.
The FCA is committed to achieving greater diversity across all levels of the organisations. Given this, we particularly welcome applications from women, disabled and minority ethnic candidates for our Senior Associate role.
Flexible working
We welcome applications from candidates who are looking for flexible arrangements. Many of our staff work flexibly including working part-time, staggered hours, and job shares. We can’t promise to give you exactly what you want but we won’t judge you for asking.
Additional Information
This role is graded as Senior Associate Regulatory
Applications for this role close at 23:59 on 5th September 2024
The role is based in London
This is a 18-month fixed term contract
Got a question?
If you are interested in learning more about the role, please contact:
For internal applicants, please contact Louise Nash at
Louise.Nash@fca.org.uk
For external applicants, please contact Aaron Ward at
Aaron.Ward@fca.org.uk
What to expect from our interview process
The assessment process consists of an initial screening call with one of our Recruitment Partners. If successful, you will be invited to participate in a competency-based interview.
Application support
We want to remove any possible barriers and are committed to providing a wide range of reasonable adjustments so that you can keep the focus on your conversations and be at your best.
If you have an accessibility requirement, disability, or condition that means you might require changes to the recruitment process, please contact your recruiter to discuss this further. Our aim is to make your application as easy and comfortable as possible, and your recruiter will be happy to work with you to make any necessary arrangements where possible.
Security Clearance/Vetting
The successful candidate will hold or will be required to obtain Security Clearance (SC) level vetting.
Please note that all applications must be submitted through our online portal, applications sent via email will not be accepted

• Experience of iXBRL/taxonomies and/or developing policy/rules
• Experience of financial reporting – for example, compiling, assessing or validating annual financial report