Trading and Securitisation Lawyer
Division - Legal Division
Department - Markets and Prudential
Salary - National (Edinburgh and Leeds) ranging from £72,600 to £108,000 and London £79,800 to £120,000 per annum
About the FCA
The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA.
The Trading and Securitisation team is one of three teams in the Markets and Prudential Department in the Legal Division. The team is responsible for providing advice in the following areas:
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MiFID II/MiFIR wholesale issues
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OTC Derivatives (EMIR)
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Recognised investment exchanges
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MTFs, OTFs and algorithmic trading; and commodity derivatives
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Securitisation Regulation
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The development of PISCES (Private Intermittent Securities and Capital Exchange)
The team currently has 8 permanent members of staff and two secondees.
What will you be doing?
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Managing a team of lawyers to deliver high quality and timely advice
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Providing practical and impactful legal advice to the FCA in a fast paced and dynamic environment
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Advising on a mixture of policy and live markets issues
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Overseeing FCA rulebook drafting in areas of work covered by the team
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Interacting 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 high-profile and exciting projects
What will you get from the role?
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Acquire broad experience of financial services work in the team, of how a regulator works and of how law and regulation is made
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Work at the forefront of financial regulation, taking responsibility for a range of matters including those that involve difficult, complex, and often high-profile legal issues
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Work with a team of highly motivated and knowledgeable lawyers
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Work in a diverse, inclusive, and supportive environment
Which skills are required?
We are a Disability Confident Employer; therefore, disabled people or individuals with long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. (To learn more about the Disability Confident Scheme Click Here)
Minimum
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Applicants must be a qualified Lawyer (solicitor, barrister, or Chartered Legal Executive), we would normally expect applicants to have at least 6 years’ relevant PQE (in house, public sector, or private practice) or equivalent experience
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Applicants must have significant relevant experience of advising on markets issues or public law matters
Essential
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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
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Strong analytical skills and the ability to deliver good and clear analysis of issues
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Ability to pick up and work independently on novel and complex legal issues quickly and with enthusiasm
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Ability to create solutions and deliver pragmatic outcome-focused judgments
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Ability to advise in a confident and reasoned manner both in writing and orally, and to challenge appropriately
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Ability to work effectively in a team, and to build and sustain positive relationships across the Legal Division and wider FCA, and with any relevant external stakeholders
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We are particularly interested in candidates who have experience of advising on markets issues
Our Values & Diversity
We are proud to be an inclusive employer and our ambition is to cultivate a culture 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.
Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.
Did you know? 50% of our Executive Committee were the first in their family to attend university
The FCA is committed to achieving greater diversity across all levels of the organisation. Given this, we particularly welcome applications from men (PBS Roles) /women, minority ethnic, disabled, and neurodivergent candidates for our Manager role.
Benefits of working at the FCA
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28 days holiday per year plus bank holidays
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Hybrid working (work from home up to 60% of your time)
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Private healthcare with Bupa
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A non-contributory Pension of at least 8%
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Life assurance
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Income protection
We also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle.
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 can explore what might work best for both sides.
Follow this link to see what life is like at the FCA - Life at the FCA
Application Support
We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible.
If you have an accessibility need, disability, or condition requiring changes to the recruitment process, please contact your recruiter using the details below and they will be happy to discuss this further with you.
Useful Information and Timeline
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This role is graded Manager – Practicing Legal
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Advert Closing Date: 8th January 2025
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CV Review/Shortlist: 13th-15th January 2025
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First Round Interviews: W/C 27th January 2025
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Manager Assessment: W/C 10th February 2025
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Final round interviews: W/C 17th February 2025
Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time.
Got a question?
If you are interested in learning more about the role, please contact:
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For internal applicants, please contact Katie Ayling at [email protected]
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For external applicants, please contact Chhavi Bartaria at [email protected]
Applications must be submitted through our online portal. Applications sent via email will not be accepted.
What We Do
We work to ensure financial markets work well for individuals, for businesses and for the economy as a whole.
We do this by:
- regulating the conduct of approximately 50,000 businesses
- prudentially supervising 48,000 firms
- setting specific standards for around 18,000 firms
We were set up on 1 April 2013, taking over conduct and relevant prudential regulation from the Financial Services Authority (FSA).
Our Head Office is based in London, and we work across the UK, from our office in Edinburgh and via colleagues in Belfast and Cardiff.
Firms and individuals must be authorised or registered by us to carry out certain activities. Before we grant authorisation, firms must demonstrate that they meet a range of requirements. We then supervise these firms to make sure they continue to meet our standards and rules after they’re authorised. If firms and individuals fail to meet these standards, we have a range of enforcement powers we can use.
We work alongside the Prudential Regulation Authority (PRA), the prudential regulator of around 1,500 banks, building societies, credit unions, insurers and major investment firms.
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