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For Companies At a Glance
- Tasks: Join our Legal Team to provide essential legal support and guidance in financial services.
- Company: FSCS has helped 6.5 million customers recover £26 billion since 2001, making a real impact.
- Benefits: Enjoy a competitive salary, hybrid working options, and generous benefits.
- Why this job: Be part of a respected organization that protects consumers and influences financial regulations.
- Qualifications: Must be a qualified solicitor or barrister with experience in financial services or regulatory law.
- Other info: Diverse and inclusive workplace committed to valuing all staff.
The predicted salary is between 66000 - 117000 £ per year.
Associate Lawyer
London
£82,000 – £98,280 per annum
- In-house Legal role with the FSCS (Financial Services Compensation Scheme).
- Varied role available for lawyer at either Solicitor or Associate Lawyer level.
About Our Client
For the past 21 years, FSCS has been getting customers of failed authorised financial services firms back on track.
Our strength is in our numbers. Since 2001, we have helped 6.5 million customers and paid £26 billion in compensation. We have continually strived to be better, faster, and more empathetic to our customers' needs in an ever more complex financial world. Our people have worked together to make sure we can offer protection and reassurance every step of the way, even during the toughest of times. FSCS is an organisation that makes a difference, and in which our people truly make a difference.
We have grown from modest beginnings in 2001 to helping customers during historic events such as the 2008 banking crisis and supporting vulnerable customers during the pandemic. As a result of this success, FSCS has become increasingly respected, insightful, and influential in the UK's financial services regulatory system. It is an exciting time in our journey as we now have an opportunity to play a bigger role in breaking the cycle of rising consumer harm and costs.
Job Description
We now have a rare opportunity for a regulatory financial services lawyer to join FSCS's award-winning and friendly Legal Team, which plays an integral role in the delivery of the organisation's key objectives. The position will be at the Lawyer or Associate Lawyer level and will participate in giving legal support, advice and guidance on all legal issues relating to the operation of FSCS, in service of our customers and internal & external stakeholders.
In this position, the successful candidate will undertake work relating to:
- Leading on FSCS's response to the failure of regulated firms to ensure FSCS-eligible consumers are protected
- Advice on FSCS's statutory functions and operations
- Supporting external liaison with the FCA, HMT and Bank of England/PRA, other regulators, prosecuting authorities, MPs and other professional bodies as well as dealing with claimants and representatives.
- Participation in judicial review challenges and other litigation and court applications.
- Policy/ general management matters, including dealing with enquiries as to the role, function or structure of the FSCS.
- Assisting the FCA, PRA, and HM Treasury in relation to the formulation, drafting and/or implementation of new policy and rules
Associate Lawyers also help in mentoring and coaching more junior lawyers and external secondees within the team.
FSCS provides a diverse and inclusive workplace – we are committed to ensuring that all of our staff feel valued at work.
The Successful Applicant
You will be a fully qualified solicitor (or barrister) with a working knowledge and demonstrable experience of one or more of the following:
- Financial services industry and products
- Regulatory law
- Insolvency law
- Financial Services litigation
What's on Offer
Salary: £82,000 to £98,280 (dependant on expertise and experience) plus generous benefits.
Working arrangements: London / Hybrid – 40% (per month) minimum in office requirement (2 days per week on average in the office).
Contact
David Taylor
Quote job ref
JN-012025-6633013Z
Where specific UK qualifications are required we will take into account overseas equivalents. All third party applications will be forwarded to Michael Page.
Ref Code: MPTLJN -012025-6633013Z
Closing Date: 28/02/2025
Associate Lawyer employer: FSCS
Contact Detail:
FSCS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Lawyer
✨Tip Number 1
Familiarize yourself with the FSCS and its role in the financial services sector. Understanding their mission and recent initiatives will help you demonstrate your genuine interest in the organization during discussions.
✨Tip Number 2
Network with professionals in the financial services and regulatory law sectors. Attend relevant events or webinars to connect with individuals who may provide insights or referrals that could enhance your application.
✨Tip Number 3
Stay updated on current trends and changes in financial services regulation. Being knowledgeable about recent developments will allow you to engage in meaningful conversations and showcase your expertise.
✨Tip Number 4
Consider reaching out to current or former employees of FSCS for informational interviews. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach.
We think you need these skills to ace Associate Lawyer
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Associate Lawyer position at FSCS. Understand the key responsibilities and required qualifications, especially in regulatory and financial services law.
Tailor Your CV: Customize your CV to highlight relevant experience in financial services, regulatory law, and litigation. Use specific examples that demonstrate your expertise and how it aligns with the role's requirements.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your passion for the mission of FSCS. Mention how your background can contribute to their goals of protecting consumers and supporting the financial services industry.
Highlight Soft Skills: In addition to legal expertise, emphasize your soft skills such as communication, teamwork, and mentoring abilities. These are crucial for the collaborative environment at FSCS and will set you apart from other candidates.
How to prepare for a job interview at FSCS
✨Understand FSCS's Role
Make sure you have a solid understanding of the Financial Services Compensation Scheme and its impact on consumers. Familiarize yourself with recent cases and how FSCS has responded to financial crises.
✨Showcase Your Legal Expertise
Be prepared to discuss your experience in regulatory law, insolvency law, or financial services litigation. Highlight specific cases where you've successfully navigated complex legal issues.
✨Demonstrate Team Collaboration
FSCS values teamwork, so be ready to share examples of how you've worked effectively within a legal team. Discuss any mentoring experiences you have had with junior lawyers or external secondees.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in real-world situations. Think about how you would handle a regulatory challenge or a judicial review related to FSCS operations.
