Associate and Senior Associate Lawyers- Legal - London, United Kingdom - Financial Conduct Authority

Financial Conduct Authority

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Part Time Associate and Senior Associate Lawyers - Legal Division

We are looking for talented lawyers who are willing to learn quickly, engage openly and rise to the challenge of working in an organisation that makes a difference to the lives of the millions of people who use financial services.

This is an exciting time to join the FCA as we become more innovative, assertive and adaptive, data-led and outcomes-focused.

We are recruiting for a number of associate and senior associate roles across the following teams in the Legal Division:
Regulatory and Corporate Legal- Consumer Credit- Investments 2- Redress- Trading & Securitisation- Markets Access and Conduct- Funds and Wholesale Department

Enforcement Legal- Law & Policy- Law & International

The roles provide an opportunity to make a significant contribution to delivering the FCA's vision and ambitions set out in its strategy for 2022 to 2025 (available

here

). In particular, the three areas of focus for the FCA are reducing and preventing serious harm, setting and testing higher standards and promoting competition and positive change.

Working in the Legal Division you will:

Work at the forefront of financial regulation and consumer protection on a range of matters including those that involve difficult, complex and often high-profile legal issues-
Devise and implement creative and pragmatic solutions
Acquire broader experience of financial services regulation, of how a regulator works and of how law and regulation is made
Be fully involved in the FCA's policy development, and draft rules and guidance in the FCA Handbook
Develop problem-solving and project management skills
Have a high level of ownership and responsibility for your actions
Interact with colleagues across the FCA and with government departments and bodies and other organisations engaged in financial services such as the Bank of England and HM Treasury on exciting and pioneering projects
Work in a diverse, inclusive and supportive environment

The roles

Consumer Credit

Consumer Credit 2 team is one of two consumer credit teams in the Payments, Credit, Competition and Claims Management Department in the Regulatory & Legal Directorate of the Legal Division.

The team provides legal advice on the perimeter of consumer credit and mortgages regulation.

The protection of borrowers who are in or at risk of financial difficulty or in vulnerable circumstances and the regulatory approach to the rising cost of living is an important theme in the work of the team.

Examples of projects in which the team is involved at the moment include:

Strengthening the rules and guidance in relation to debt advice and counselling
Strengthening protections for borrowers in financial difficulty in the credit and mortgages sector, following initiatives that were originally borne out of the Covid pandemic and cost of living crisis
Next steps following the credit information market study final report
Working with FCA policy colleagues and engaging with HM Treasury on its proposed far-reaching reform of the Consumer Credit Act 1974
Working on the design and implementation of processes to seek validation of agreements rendered unenforceable and to specify the amount of compensation owed by firms where the consumer credit perimeter is breached
Significantly improving the depth of the data we collect from consumer credit firms

Investments

Investments team 2 is part of the Investment, Insurance and Redress Department in the Legal Division.

Alongside Investments team 1 the team is responsible for provides legal advice in the following areas:

Investments, particularly their distribution to retail clients. This includes advising on relevant aspects of the FCA's Conduct of Business Sourcebook (COBS) which includes information disclosure about firms and their services, client categorisation, communications with clients, remuneration, suitability and appropriateness
Financial promotions for investment related activities as well as cross-cutting issues with the financial promotions regime
The appointed representative regime, again, both in relation to investment activities and also cross-cutting issues with the regime-
The planned replacement of the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation with an alternative framework for retail disclosure
The Advice Guidance Boundary Review
The new Public Offer Platform regime
The regulation of Peer to Peer lending, funeral plans and Self-invested personal pensions
The FCA's supervisory powers relevant to firms carrying out these activities
The FCA's rule making powers in relation to the activities above and other relevant aspects of FSMA (e.g. confidentiality issues relating to investment firms)
Public law questions that arise as part of this work (e.g. advising on the prospects of a successful judicial review of proposed FCA rules)

Redress

The Redress team is one of four teams in the Investments, Insurance