Job Description
Senior Lawyer – Credit team
Division - Legal Division
Department - Payments, Credit, Competition and Claims Management
Salary - National (Edinburgh and Leeds) ranging from £68,900 to £86,000 and London £75,700 to £95,500 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
.
This vacancy is based in Credit Team 2, part of our collaborative Credit Hub. As our work continues to evolve, candidates from this recruitment round may also be considered for future opportunities across the wider Department.
Credit Team 2 sits within the Payments, Credit, Competition and Claims Management Department in the Regulatory and Corporate Legal Directorate of the FCA. Credit Team 1 and Credit Team 2 collectively form a Credit “hub” and share responsibility for the provision of advice on the regulation of consumer credit, mortgages and claims management. This covers advice on lending and credit broking (including high-cost lending and credit cards), mortgage lending, arranging and intermediation, debt-related activities (including debt collecting and debt advice) and credit information services (including the operation of credit reference agencies).
The credit hub’s work is closely aligned with the FCA’s commitment to supporting the government’s growth agenda and several of the hub’s projects feature in the CEO’s recent letter to the Prime Minister.
Current projects include:
Proposals to simplify the responsible lending and advice rules for mortgages that have been in place since the 2008 financial crisis
Drafting new rules and guidance in the credit handbook for Deferred Payment Credit (also known as unregulated Buy Now Pay Later lending) shortly to become regulated
Working closely with HM Treasury on wider reform of the Consumer Credit Act 1974
Improving credit information with changes to industry governance and introducing new rules and guidance following the Credit Information Market Study
Advising on high profile motor finance commissions work, investigating harm that may have been caused by the use of commission arrangements in the motor finance sector. The programme comprises of different workstreams which include advising on senior court litigation and redress.
The Credit hub is part of the Payments, Consumer Credit, Claims Management and Competition Department in the Legal Division. There are 33 lawyers in the Department.
What will you be doing?
You will be providing legal advice on a variety of matters across the FCA’s portfolio of credit, mortgages, debt and claims management work, in particular:
Advising policy on the regulatory regimes and providing legal support in respect of policy project, including drafting rules and guidance
Advising on the regulatory perimeter, for example in respect of authorisation and regulatory sandbox cases
Providing legal support in respect of the supervision of retail firms, including consumer credit and mortgage lenders, credit brokers, mortgage intermediaries, appointed representatives, and CMCs
Developing knowhow resources and delivering training
What will you 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
Be fully involved in the FCA’s policy development, and 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 significant legislative changes
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
Division - Legal Division
Department - Payments, Credit, Competition and Claims Management
Salary - National (Edinburgh and Leeds) ranging from £68,900 to £86,000 and London £75,700 to £95,500 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
.
This vacancy is based in Credit Team 2, part of our collaborative Credit Hub. As our work continues to evolve, candidates from this recruitment round may also be considered for future opportunities across the wider Department.
Credit Team 2 sits within the Payments, Credit, Competition and Claims Management Department in the Regulatory and Corporate Legal Directorate of the FCA. Credit Team 1 and Credit Team 2 collectively form a Credit “hub” and share responsibility for the provision of advice on the regulation of consumer credit, mortgages and claims management. This covers advice on lending and credit broking (including high-cost lending and credit cards), mortgage lending, arranging and intermediation, debt-related activities (including debt collecting and debt advice) and credit information services (including the operation of credit reference agencies).
The credit hub’s work is closely aligned with the FCA’s commitment to supporting the government’s growth agenda and several of the hub’s projects feature in the CEO’s recent letter to the Prime Minister.
Current projects include:
Proposals to simplify the responsible lending and advice rules for mortgages that have been in place since the 2008 financial crisis
Drafting new rules and guidance in the credit handbook for Deferred Payment Credit (also known as unregulated Buy Now Pay Later lending) shortly to become regulated
Working closely with HM Treasury on wider reform of the Consumer Credit Act 1974
Improving credit information with changes to industry governance and introducing new rules and guidance following the Credit Information Market Study
Advising on high profile motor finance commissions work, investigating harm that may have been caused by the use of commission arrangements in the motor finance sector. The programme comprises of different workstreams which include advising on senior court litigation and redress.
The Credit hub is part of the Payments, Consumer Credit, Claims Management and Competition Department in the Legal Division. There are 33 lawyers in the Department.
What will you be doing?
You will be providing legal advice on a variety of matters across the FCA’s portfolio of credit, mortgages, debt and claims management work, in particular:
Advising policy on the regulatory regimes and providing legal support in respect of policy project, including drafting rules and guidance
Advising on the regulatory perimeter, for example in respect of authorisation and regulatory sandbox cases
Providing legal support in respect of the supervision of retail firms, including consumer credit and mortgage lenders, credit brokers, mortgage intermediaries, appointed representatives, and CMCs
Developing knowhow resources and delivering training
What will you 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
Be fully involved in the FCA’s policy development, and 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 significant legislative changes
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
💡 Quick Summary
Seeking a career-building opportunity? The Senior Lawyer – Credit team position is now open for candidates interested in the Bank Jobs sector. This role in London offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
