Associate and Senior Associate Lawyers- General Counsel's Division

FCA Perm
London (East)
From £33,500 to £95,000 per annum + Pension and Flexible Benefits
30 Sep 2017
03 Nov 2017
Contract Type
Full Time

The salary range will be approximately 33,500 to 70,000 GBP for Associate Level and 50,000 to 95,000 GBP for Senior Associate level plus a competitive benefits package and non-contributory pension.


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 General Counsel's Division provides legal advice to the rest of the FCA, apart from some limited areas, including enforcement and employment law matters. The Division has wide-ranging responsibilities including:

  • Advising the FCA on the exercise of its functions and powers
  • Providing legal advice and support to the FCA on its responsibilities as the supervisor of regulated firms
  • Providing legal support on the development of FCA policy, including drafting rules and guidance (including rules to implement EU directives)
  • Identifying and managing legal risk
  • Advising on EU and international legal issues across the FCA, including on issues relating to the UK's withdrawal from the European Union
  • Advising on corporate and constitutional matters

We are now recruiting for talented Associates and Senior Associates to work:

  • in the Markets team;.
  • the Prudential team; and
  • on the transfer to the FCA of the regulation of claims management companies (CMCs).

Please specify in your application which of the three areas identified above you are applying for and if you are applying for a specific level i.e Associate or Senior Associate.

What does this job involve?

The key responsibilities of the post holder will be:

The Markets team

The Markets team provides legal advice on policy development and on supervisory issues and live transactions in areas including:

  • Primary and secondary markets issues (including admission to listing);
  • Prospectus and Transparency Rules, and Disclosure Requirements;
  • Market abuse;
  • Regulation of exchanges and trading venues;
  • EU legislation including MiFID II, EMIR, Short Selling Regulation, Central Securities Depositories Regulation;
  • Securitisation;
  • Regulated covered bonds; and
  • Credit Rating Agencies and Trade Repositories.

The Prudential team

The Prudential team provides legal support to other divisions of the FCA on:

  • prudential capital requirements for FCA 'solo'-regulated firms;
  • remuneration requirements;
  • governance;
  • systems and controls;
  • on the FCA's role and input to the Financial Policy Committee of the Bank of England
  • EU legislation including the Capital Requirements Directive and Regulation (CRD 4);
  • the development of domestic and EU legislation in these areas; and
  • ring-fencing legislation, in particular, on the FCA's role in the regulatory and court processes required to deliver structural reform of UK banks by 1 January 2019.

Markets and Prudential teams

A significant role for the Division in the next two years, including for the Markets and Prudential teams, will be providing legal support to the FCA on the UK's withdrawal from the European Union. This work is likely to involve providing technical advice to Government departments to assist the Article 50 negotiations and on the incorporation of EU law into UK law.

Transfer of the regulation of CMCs

CMCs are currently regulated by the Claims Management Regulator in the Ministry of Justice. This responsibility including in relation to the work of CMC's beyond claims to do with financial services - will be transferred to the FCA. This is an interesting opportunity to work on the design, drafting and implementation of a new model of FCA regulation of claims management activities and to assist the FCA with its ongoing regulatory responsibilities.

The role will involve:

  • advice on the FCA approach to regulating the conduct of claims management activities;
  • advice on the approach to the authorisation and supervision of claims management businesses and approval of key persons in those businesses, transitional arrangements, prudential regulation, reporting and other regulatory processes;
  • drafting a suite of rules and guidance in relation to claims management activities in the FCA Handbook; and
  • advice on the collection of secondary legislation made by HM Treasury under FSMA to give effect to the transfer, including advice on the scope of the new FSMA regulated activities and relevant exclusions and exemptions.
What will I get from the role?

Working in the General Counsel's Division, you will benefit from an opportunity:

  • to acquire broader experience of financial services regulation, of how a regulator works and of how the law is made;
  • to be fully involved in the development of policy on regulatory issues;
  • to draft rules and guidance in the FCA Handbook;
  • to advise on the application and effect of regulatory requirements and powers in practice;
  • to develop problem-solving and project management skills; and
  • to have a high level of ownership and responsibility for your actions.

As an Academy business we place great value on your learning and we offer world-class development opportunities which will assist you in achieving your career aspirations. Our Academy offers you a range of opportunities for personal and professional development, including our MSC in financial regulation, Advanced Managers programme, sponsored study and more.

Which minimum, essential & desirable skills are requiredMinimum

We're a signatory to the Government's Disability Confident scheme. This means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.

Associate (L&F B)

  • Qualified lawyer

Senior Associate (L&F C)

  • Qualified Lawyer with minimum 4 years PQE, or equivalent experience
  • Strong academic background.
  • A willingness, and the ability, to develop expertise in new technical areas, and to do so quickly, seamlessly, and to a consistently high standard.
  • The ability to be flexible and move quickly between different subject areas.
  • Strong analytical skills for delivering good and clear analysis of issues.
  • Ability to create solutions and deliver pragmatic outcome-focused judgements that take account of the business environment.
  • Ability to challenge appropriately.
  • Credibility, confidence and expertise when dealing with senior colleagues and external lawyers.
  • Evidence of capabilities of building and sustaining relationships, analysis, decision-making, effective communication, team working and delivery of outcomes.
  • Good IT skills.

Prior experience in one or more of the following:

  • financial services regulatory law;
  • public law and EU law;
  • working within a legal function in a financial services context such as banking, markets, insurance or advising listed companies; or
  • working within a legal function in a Government Department or other regulatory or public body.

Roles are available across a range of experience levels.

Markets and Prudential team work

In addition, if an application is made for the post(s) in either the Markets or Prudential teams, experience in advising on one of the areas covered by the relevant team is desirable.

Additional Information

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.

The job families for these roles are L&F B (Associate) and L&F C (Senior Associate). There are opportunities for staff to move between teams and departments within General Counsel's Division.

Applications close at midnight Sunday 24th September 2017.

Selection process

Stage 1: On-line application, please submit your CV and answer to the following application question:

Why do you believe that you are suitable for this role? Please ensure that you specifically relate your answer to the criteria listed in the job advert, covering your relevant skills, technical knowledge and competencies. (Max 300 words)

Stage 2: Will involve a one hour technical case study followed by one hour interview with two managers/technical specialists

Stage 3: will involve a one hour competency and technical interview with a Head of Department and either another Head of Department or a manager/technical specialist.

e based in London, Canary Wharf, with a planned move in 2018 to a new site in The International Quarter, Stratford.

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