Senior Associate - Regulatory Lawyer

Posted on Dec 9, 2018 by Financial Conduct Authority

London, London United Kingdom
5 Dec 2018
Annual Salary
Senior Associate Regulatory Lawyer The role
We are currently recruiting for a Senior Associate to join our legal team. The legal team provides legal advice and supports a wide range of projects across the organisation, by making sure that our decision making and processes are legally robust and fair.As a m ember of the legal team, you will provide high quality legal advice in relation to policy development, regulatory and public law issues and casework, and/or competition law, and the operation of the PSR.

Key roles and responsibilities
  • Support and be accountable to the Legal Managers and ultimately to the Head of Legal for the provision of public law and regulatory legal advice and/ or competition law advice, in relation to all areas of the PSR's work including investigations, policy projects, market reviews, and market studies.
  • Provide advice to the PSR to ensure proposals, decisions, investigations, enforcement actions and other work is aligned with the organisation's statutory objectives, powers and functions, and to assist in the formulation of policy
  • Deliver high quality legal advice, ensuring that the PSR's processes are fair and lawful, and ensuring that the PSR's decisions are robust, reasoned, lawful and underpinned by sound analysis and evidence
  • Maintain key stakeholder relationships, both internal and external (e.g. FCA and other regulators, HM Treasury, the Bank of England/PRA, Competition & Markets Authority, European Commission, overseas regulators, trade bodies)
About you Minimum
We're a signatory to the Government's Disability Confident scheme. This means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role. A minimum criterion needs to be measurable from reviewing a candidates CV.
  • Fully qualified lawyer experienced in public and/ or regulatory law entitled to practise in the UK
  • Significant experience of working with EU/UK public law alongside an understanding of economic regulation and policy in a regulated industry
  • Able to identify legal issues and exercise judgment in collaboration with a multidisciplinary team, including economists, lawyers, policy advisers and payments specialists
  • Excellent analytical and problem-solving skills to inform robust evidence-based decisions and practical conclusions and recommendations
  • Experience of regulatory or other investigations and/or litigation before the High Court, the Court of Appeal or the Competition Appeals Tribunal
  • Strong stakeholder management skills and the ability to build and maintain effective working relationships within the PSR and with external stakeholders at varying levels of seniority
  • Excellent prioritisation skills and able to provide a quality contribution where it is most needed
  • Excellent reporting and communication skills
  • The ability to work under pressure and to tight deadlines
  • Excellent drafting skills evidenced by the ability to produce high-quality, well presented and clear work
  • An understanding of UK/European legislation and regulation of payments, including
  • the Financial Services (Banking Reform) Act2013, the Payment Services Directives, and the EU Interchange Fee Regulation.
About us
We all use payment systems every day to receive our pay, withdraw money, settle bills or manage our savings. We depend on them to make these things happen safely, quickly and cheaply. As an economic regulator - the Payment Systems Regulator's (PSR) job is to make sure these systems enable competition and innovation in a way that benefits us all. As well as being the first - and only - economic regulator of payment systems anywhere in the world, we're also a concurrent Competition Authority. We're a subsidiary of the FCA but are fully independent, with our own managing director and board. We're funded by the payments industry and are directly accountable to Parliament.

We were created in 2014 because there was a need to change things in the payments industry, to get the benefits of competition and new technology while making sure everybody who depends on payment systems gets a secure, reliable service. This is embodied in our vision, and in the statutory objectives we were given in the Financial Services (Banking reform) Act 2013 (FSBRA).Working with the legal team includes reviewing our policy publications, drafting guidance documents, checking contracts, providing legal advice on best practice and enforcement processes, providing advice in relation to PSR regulatory and competition investigations, providing legal expertise in specialist areas, and more generally acting as a sounding board for the other PSR teams. A key part of the team's work is making sure that UK and EU legislation are implemented correctly.
The PSR's Values & Diversity
In order to represent the people and organisations that we serve we are committed to building and sustaining a diverse and inclusive workplace. Our commitment includes disability, ethnicity, LGBT and gender identity through to mental health and social mobility issues. As an inclusive employer, we are open to considering flexible working arrangements. Please contact our recruiter if you wish to apply for this role on a flexible basis.
Useful Information
  • This role is graded Senior Associate L&F C
  • The salary range will be approximately 50,000 to 85,000 GBP plus a competitive benefits package and non-contributory pension
  • Applications for this role close on 18 th December 2018 with competency based interviews expected to take place from 7 th January 2019. Second stage assessment will take place from 21 st January 2019.

If you are interested learning more about the role:

For internal applications, please contact Nicola Williams at

For external applications, please contact Kavi Vadera at K

Please note, applications must be submitted through our online portal. (We are unable to accept applications sent via email.)

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Reference: 599253733

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