Regulatory Lawyer, Financial Conduct Authority
12 Month Fixed Term Contract / Secondment
£47.2-67k
Salary dependent on location
More information about location
Financial regulation service
Be an early applicant
Financial regulation service
1001+ employees
Be an early applicant
£47.2-67k
Salary dependent on location
More information about location
1001+ employees
Company mission
To enable a fair and thriving financial services market for the good of consumers and the economy.
Role
Who you are
- Applicants should be a qualified lawyer (solicitor, barrister or Chartered Legal Executive, or overseas equivalents)
- Demonstrated 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 motivation, with the necessary oversight and support of colleagues
- Ability to create solutions and deliver pragmatic outcome-focused advice
- Advising in a clear and reasoned manner and to question constructively
- Build and sustain positive relationships and good communication skills
What the job involves
- Department: Insurance Investments and Redress
- This role is graded as: Associate – Practising Legal
- We regulate financial services firms in the UK, to keep financial markets fair, thriving and effective. By joining us, you’ll play a key part in protecting consumers, driving economic growth, and shaping the future of UK finance services
- Our Legal Division provides advice and legal services across the full breadth of FCA activity, including regulatory, policy, enforcement and operational work. We are currently recruiting to a number of vacancies in the Regulatory and Corporate Legal Directorate (R&CL) of the Legal Division
- This position is in the Insurance Investments and Redress team in R&CL which provides advice and other support in relation to all aspects of the conduct regulation of insurers, pension providers and insurance and pensions intermediaries
- The 12 months of the fixed term contract/secondment will be a key period of regulatory development in insurance and pensions. Recent work of the team has involved supporting the business in relation to, among other things, the FCA’s ongoing role in giving effect to parts of the Pension Schemes Act 2026, the FCA’s response to Which’s super-complaint, simplification of the FCA’s insurance rules, FCA’s multi-firm report on value in insurance savings products and FCA’s consultation on improving value for money in pensions, the pure protection insurance market study, a proposed new regime for interactive digital pension planning tools, and the Government’s captive insurers initiative and related FCA policy proposals
- Also supporting supervision in relation to interventions against individual firms relating to misconduct, perimeter or solvency issues, and/or proposed reorganisations
- Advising on the application and effect of regulatory requirements and powers to ensure firms comply with all applicable rules, legislation and law
- Devising and implementing creative and pragmatic solutions
- Being fully involved in the FCA’s policy development, including drafting rules and guidance in the FCA Handbook
- Interacting with colleagues across the FCA and with government departments and other organisations engaged in financial services such as the Prudential Regulation Authority, HM Treasury, The Pensions Regulator and the Department of Work and Pensions
- Having ownership and responsibility for discrete matters within your skill set, with supervision where appropriate
Application process
- Advert Closing: 26th July
- CV Review/Shortlist: 28th July
- First Stage Interviews W/C: 10th August
- Your external recruitment contact is Benjamin
Our take
Developed on the back of the Financial Services Act of 2012, the Financial Conduct Authority is a regulatory body that acts as a regulator for financial firms, ensuring the integrity of the financial markets in the UK. Broadly focused on financial companies that provide consumer services, it’s governed by the Bank of England and therefore acts independently of the government.
The FCA is responsible for regulatory innovations, such as stronger customer authentication requirements, including biometric and code requirements for payments, that have clamped down on fraud and improved security for national consumers. The FCA also introduced the Anti-Money Laundering Supervision in 2017.
The organisation’s independence from government ensures its impartiality as a regulator. In the late 2010s, it set up the cryptoasset registration, a department responsible for ensuring the legality of crypto payments. This has become an important aspect of national counter terrorism measures, and exemplifies the complex and vital work that the organisation carries out.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- 25 days holiday per year plus bank holidays
- Hybrid working (work from home up to 60% of your time)
- Private healthcare with Bupa
- A non-contributory Pension of at least 8%
- Life assurance
- Income protection
Company HQ
Stratford Cross, London, UK
Leadership
Nikhil Rathi
(CEO)Previously the Private Secretary to UK Prime Ministers Tony Blair and Gordon Brown and was the Chief of Staff and Director of International Development at the London Stock Exchange. Studied at St Anne's College Oxford.
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