Are you looking for an opportunity to work for an organisation that makes a difference to the lives of the millions of people who use financial services and to work at the cutting edge of financial regulatory developments?
We are recruiting for two Lawyer roles in the Wholesale & Perimeter and the Trading & Securitisation Teams in the Legal Division.
The teams/departments
The Wholesale and Perimeter team is one of two teams in the Funds & Wholesale Department of the Regulatory and Corporate Legal Directorate, Legal Division. The team advises on the regulatory perimeter, cryptoassets, wholesale firm supervision and wholesale conduct issues, benchmarks, ESG matters including the sustainable disclosures regime, operational resilience, the critical third parties regime, and the senior managers and certification regime.
The Trading and Securitisation team is one of three teams in the Markets & Prudential Department of the Regulatory and Corporate Legal Directorate, Legal Division. The team advises on trading venues (recognised investment exchanges, MTFs and OTFs), securitisation, MiFID/MiFIR wholesale issues, commodity derivatives, emissions trading, OTC derivatives (EMIR), crypto asset trading platforms, securities financing transactions and regulated covered bonds.
What you will be doing in the Wholesale & Perimeter role
* The development of the UK’s regulatory regime for cryptoassets
* The development and implementation of the new regulatory regime for critical third parties
* The FCA’s disclosure requirements relating to ESG matters, including the new sustainable disclosures regime
* Advising on the regulatory perimeter
* Providing legal support in respect of the supervision of wholesale firms supervised by the FCA, including investment banks, wholesale intermediaries, asset managers, benchmark administrators and commodity firms
* Advising FCA Policy and Supervision on the senior managers and certification regime
What you will be doing in the Trading & Securitisation Team role
* The development of PISCES (Private Intermittent Securities and Capital Exchange Service)
* Supporting the launch of the Digital Securities Sandbox
* Smarter Regulatory Framework (SRF) securitisation work
* Providing legal support for improving transparency for bonds and derivatives markets, and for the reform of the commodity derivatives regime
* Advising on crypto asset trading platforms, as part of the development of the UK’s regulatory regime for cryptoassets
What you will get from the roles
* Work at the forefront of financial regulation on a range of matters including those that involve difficult, complex and often high-profile legal issues
* Advise on the application and effect of regulatory requirements and powers in practice, and work with colleagues to ensure firms comply with all applicable rules, legislation and law
* 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 skills and experience you will have
Minimum
* Applicants must be a qualified lawyer (solicitor, barrister or Chartered Legal Executive) or foreign qualified, who is newly qualified to 3 years’ PQE
* Direct experience of in house, public sector or private practice
* Strong analytical skills and the ability to deliver good and clear analysis of issues
* Ability to learn about new or novel legal issues quickly and with enthusiasm, with the necessary oversight and support of colleagues
* Ability to create solutions and deliver pragmatic outcome-focused judgments
* Ability to advise in a confident and reasoned manner, and to challenge appropriately
* Ability to build and sustain positive relationships and good communication skills
About the FCA
The FCA regulates the conduct of nearly 45,000 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.
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.
Multi-location
As part of the FCA’s on-going commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds, or London offices.
What to expect from our interview process
The assessment process consists of an initial screening call with one our Recruitment Partners. If successful, you will be invited to complete a technical case study and attend 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.
Applications for this role close at 23.59 on the 1st December 2024.
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