Payments Lawyer - 5 Months Fixed Term Contract
Salary: National ranging from £47,200 to £60,000 and London from £49,100 to £65,000
Interested on joining a team where you can make a difference to the lives of millions of people and make a significant contributor to delivering the FCA's vision?
The team/department
The Competition, Retail Banking and Payments team is one of two payments teams in the Payments, Credit, Competition and Claims Management Department in the Regulatory & Corporate Legal Directorate of the Legal Division.
The advertised role focuses on the retail banking and payments aspects of the team’s work.
The team provides legal advice on a broad range of issues related to payments and electronic money, Open Banking, retail banking conduct of businesses in the UK, banking business transfer under Part VII FSMA, solvent wind downs of retail banks, access to cash and closure of bank branches.
What you will be doing
Advise on the application and effect of regulatory requirements and powers in practice, and to 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 to draft rules and guidance in the FCA Handbook
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
What you will get from the role
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
Develop problem-solving and project management skills
Have a high level of ownership and responsibility for your actions
Work in a diverse, inclusive and supportive environment
Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle. You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option top up your base salary by taking this as cash.
Core benefits that you will receive as standard are:
25 days holiday per year plus bank holidays
Private healthcare with Bupa
A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach age 35)
Life assurance of eight times your basic salary
Income protection
We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations.
The skills and experience you will have
Minimum
We are a signatory to the Government’s Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, should they meet the minimum criteria for a role.
Applicants must be a qualified lawyer (solicitor, barrister or Chartered Legal Executive) with 2-3 years’ PQE
Direct experience with in house, public sector or private practice
Essential
All applicants must be able to demonstrate an ability, or evidence their potential, to perform the skills and behaviours described below in a way that is in accordance with FCA values:
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. For more information on what we do, our three-year strategy can be found here.
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.
The FCA is committed to achieving greater diversity across all levels of the organisations. Given this, we particularly welcome applications from women, disabled and minority ethnic candidates for our Associate role.
Flexible working We welcome applications from candidates who are looking for flexible arrangements. Many of our staff work flexibly including working part-time, staggered hours, and job shares. We can’t promise to give you exactly what you want but we won’t judge you for asking.
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. This means that as part of the application process you will be able to select your preference of which office location you would like to work from.
Useful information
Applications for this role close at 23.59 on 30th September 2024
This role is graded as Associate - Practicing Legal
This role is a 5 Months Fixed Term Contract
Got a question?
If you are interested in learning more about the role please contact:
For internal applicants, please contact Katie Ayling at katie.ayling@fca.org.uk
For external applicants, please contact Chhavi Bartaria at chhavi.bartaria@fca.org.uk
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 attend a first stage 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. Our aim is to make your application as easy and comfortable as possible, and your recruiter will be happy to work with you to make any necessary arrangements where possible.
Prime Headhunting & Recruiting, Inc.
Latitude Legal
IP Recruiter Group
The Hartford
IP Recruiter Group