Associate Lawyers, General Counsel's Division
We are looking for talented Associates (newly qualified to 3 years' PQE) and Senior Associates (minimum 3 years' PQE).
The salary range will be approximately 40,000 to 70,000 GBP for Associate level and 50,000 to 90,000 GBP for Senior Associate level plus a competitive benefits package and non-contributory pension.Background
At the FCA, we're creating a fair and more resilient financial system. We're establishing more transparent relationships between financial services firms 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
• Identifying and managing legal risk
• Advising on 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
• Advising on markets and prudential related matters What does this job involve?
We will be considering candidates across all of the five departments set out below. Please specify in your application which department(s) you are interested in and if you are applying for a specific level i.e. Associate or Senior Associate.
Investments, Insurance and Redress (IIR)
This department advises on policy and supervision issues in relation to retail investments (including pensions), insurance, redress and unfair contract terms.
Payments, Credit, Competition and Claims Management (PCCC)
This department advises on the regulation of secured and unsecured credit, retail banking and payment services, competition law issues, product governance and our product intervention powers and the regulation of claims management companies.International and Governance (I&G)
The International team supports the FCA's International Division on the development of the UK's trade arrangements on financial services with overseas jurisdictions, coordinates GCD's work on legacy issues relating to EU withdrawal and leads on the FCA's input into Government legislation.
The Governance team advises on legal claims against the FCA including judicial reviews, the FCA's Complaints Scheme, information rights legislation and inquiries or reviews into how we have carried out our regulatory functions. We are particularly looking for a lawyer with information law or public law litigation experience to join the Governance team. Funds and Wholesale (F&W)
This department advises on the regulation of funds, financial crime issues, authorisations, changes of control, the regulatory perimeter (including advice on crypto assets), wholesale conduct issues, client assets, benchmarks regulation (including the LIBOR transition), the approved persons and senior managers and certification regimes, ESG-related work, banking resolution and the FCA's functions as mutuals registrar. Markets and Prudential (M&P)
This department advises on markets issues, including MiFID II, EMIR and derivatives generally, securitisation, credit rating agencies, trading venues, market abuse, short selling, listing and prospectus issues, prudential capital requirements for FCA firms, remuneration requirements, and governance and systems and controls. 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 required?Minimum criteria
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
• Qualified lawyer: newly qualified to 3 years' PQE, or equivalent experience
• Qualified Lawyer: minimum 3 years' PQE, or equivalent experience
• Strong analytical skills for delivering good and clear analysis of issues.
• Ability to develop expertise in new technical areas, and to do so quickly, seamlessly, and to a consistently high standard.
• Ability to create solutions and deliver pragmatic outcome-focused judgements.
• Ability to advise in a confident and reasoned manner, and to challenge appropriately.
• Ability to build and sustain positive relationships and good communication skills.
• Good IT skills. Desirable criteria
Prior experience in one or more of the following:
• financial services regulatory law;
• public law;
• EU law;
• working within a legal function in a financial services context such as banking, funds, 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. Additional Information
As an inclusive employer, we are open to considering flexible working arrangements such as part-time working or job-share arrangements. Please contact if you wish to apply for a role on a flexible basis.
The job families for this role are L&F B (Junior Associate) and L&F C (Senior Associate). There are opportunities for staff to move between teams and departments within the General Counsel's Division.
Applications close at midnight, 30th September 2021.Selection process
Stage 1: Online application, please submit your CV and answer to the following question:
Why do you believe that you are suitable for this role? Please relate your answer to the essential criteria listed in the job advert, covering your relevant skills, technical knowledge and competencies. (Maximum 300 words)
Stage 2: Will involve a one hour technical case study followed by one hour interview with two managers/technical specialists (the purpose of the case study is not to assess whether you know the relevant law but rather to see how you go about analysing and explaining legal issues).
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.
For internal applications, please contact if you have any questions about the role.
For external applications, please contact if you have any questions about the role, or would like support with your application.
We are happy to arrange for potential candidates to speak to lawyers currently working in General Counsel's Division, on a confidential basis, if they wish to learn more about working in the Division.
This role will be based in The International Quarter, Stratford, London, but most FCA staff are working remotely during the Covid-19 pandemic, and the interviews are likely to be carried out on-line. However, this situation will be kept under review.