Associate, Financial Regulatory

London (Central), London (Greater)
25 Jun 2018
24 Aug 2018
Role Classification
Contract Type
Experience Level
2-5yrs PQE

About Ashurst

Ashurst is a leading global law firm with a history spanning almost 200 years, and clear strategy for our future growth. Our in-depth understanding of our clients and commitment to providing exceptional standards of service have seen us become a trusted adviser to local and global corporates, financial institutions and governments in all areas of commercial law. To find out more please visit here.

In order to comply with regulatory and client requirements, Ashurst will undertake appropriate vetting of staff. When applicants accept a job offer, Ashurst, alongside a specialist provider, will undertake professional verification and background checks.  These checks are only undertaken with consent, and in accordance with our legal and regulatory obligations.

Team overview:

Ashurst is committed to strengthening its regulatory offering in London as part of its global strategy to attain a leadership position in the financial institutions and funds sector.

Ashurst has a strong and deep financial regulation practice globally. Although London and Sydney are the firm’s most prominent offices in terms of their strength and numbers in this area, the firm also has dedicated partners in Hong Kong, Sydney, Melbourne, Tokyo, Beijing, Washington, Frankfurt, Paris and Madrid. They also have contentious partners in these jurisdictions which the regulatory team work with closely.

 The Financial Regulation Team acts for a variety of banks, investment banks, fund managers, clearing houses, insurers and other FCA and PRA regulated firms.

 Typical work includes:

  • obtaining new authorisations/registrations;
  • drafting compliance and risk management policies and procedures;
  • the regulatory aspects of product structuring and distribution;
  • cross-jurisdictional regulatory issues;
  • the regulatory aspects of multilateral trading platforms;
  • the management of regulatory capital;
  • conflicts of interest in full service financial institutions;
  • enforcement work; and
  • market abuse and insider dealing issues.

 Job overview:

The Financial Regulatory Team is seen as a pivotal and rapidly growing part of the firm. The Team is highly cohesive and collaborative, and a supportive and helpful environment in which to work

 We are currently looking for a mid-level Associate.

 Essential skills and experience:

Main Responsibility

  • fee earning work supervised by the partners;
  • business development work (the Team runs an active programme of presentations, article writing, tweeting etc.);
  • assisting other Ashurst departments with their work (typically: funds; corporate; finance; litigation.
  • experience of financial services regulatory work ( work in private practice; work at a regulator; work overseas in a similar environment).
  • an understanding of European financial regulatory framework including key directives is required
  • an understanding of sophisticated bank products
  • Some working knowledge of MiFID II
  • a keen interest in learning about, and keeping on top of developments in, this challenging practice area.
  • an interest in the way that lawyers communicate with their clients (for example, we are currently tweeting regulatory news).
  • an ability to take responsibility for work from a junior stage. The practice carries out both large and bite-size pieces of work and the successful candidate will be expected

Recent Work:

The following represents a selection of our recent work:

  • Advising several investment banks on implementing MiFID II and MAR.
  • Advising the administrators of Alpari UK Limited on its special administration.
  • Advising several international investment banks on the Senior Managers Regime.
  • Advising numerous UK and US based fund managers on the AIFMD regime.
  • A major broker facing FSA disciplinary action.
  • A major insurer facing FSA disciplinary action.
  • Several major financial institutions in relation to investigations into the setting of LIBOR by the FSA, the European Commission, the SEC and the CFTC.
  • A UK bank on the implications of Bank Levy tax.
  • Individuals in relation to insider dealing and market manipulation accusations
  • Santander on its Payment Services Directive business.
  • State Street Bank and Trust Corporation on the marketing of and entry into OTC derivatives with counterparties in a number of jurisdictions globally.
  • The Financial Services Authority on the administration of MF Global in the UK.
  • The Royal Bank of Scotland Plc on the transfer of outsourced functions within the EU.
  • The UK non-executive directors of The Royal Bank of Scotland in relation to the FSA's report on RBS.

Representative Clients:

A selection of our clients are listed below:

Bain Capital, Bank of America Merryl Lynch, Barclays, BNP Paribas, Capital Management, Citigroup, Credit Agricole; Deutsche Bank, ICAP, JP Morgan, Lexington Partners, Markit, Morgan Stanley, Nomura, Oaktree, Santander, Skandia, UBS

Career advancement:

An established Associate Career Path Framework is in place clearly defining expectations and outlining opportunities for promotion.

Secondment opportunities:

Opportunities often arise for associates to spend time on secondment in house with a key client of the firm. From time to time, secondment opportunities also come up within other Ashurst offices in Europe, North America, Asia and Australia.

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