FS Reg (Consumer Credit / Retail Financial Services) Counsel

Employer
Allen & Overy LLP
Location
London (Central), London (Greater)
Salary
Competitive
Closing date
17 Dec 2021

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Vacancy Type
Solicitors – Private Practice
Practice Area
Financial Services
Role Classification
Lawyer
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Job Details

Job description

Allen & Overy is a leading global law firm operating in over thirty countries. Embracing new trends and harnessing decades of experience, we’ve earned our place at the forefront of the legal industry. Our partners are recognised as leaders in their field and our deals and cases often make headline business news. As a result, we’ve developed a reputation for delivering exceptional legal solutions that not only solve our clients’ challenges but exceed their expectations. By embracing new ways of thinking, integrating technology into our everyday work and putting our people first, we’ve become known for leading by example.

Join our team and you’ll be part of a flexible, inclusive culture underpinned by openness and consistent support for one another. Our culture enables people to define their own career path based on their strengths, while our ambitious outlook ensures we continue to provide each person with opportunities to thrive. We’re also committed to supporting a culture that drives diversity and inclusion. Every day, we’re working hard to create an environment where you feel you can bring your authentic self to work. To be comfortable and confident to be who you are in the workplace. To feel like you belong. If you’re ready to play your part in defining the future of law: It’s Time.

Department purpose

Our Financial Services Regulatory team is comprised of lawyers across our office network, covering all of the world's principal financial markets. We are able to offer our clients expertise in the key regions, from a full-service coverage of the key European jurisdictions, including London and Frankfurt, to our U.S. regulatory practice led from our New York and Washington D.C. offices. We also have well established offices in the Middle East and Asia Pacific region that have been involved in setting up many of the regulatory businesses and systems that exist in those regions today.

Our lawyers offer clients extensive regulatory experience and they lead thinking on regulatory developments, helping clients in lobbying on, planning for and implementing changes as they occur. Areas we advise on include fintech, retail lending and other retail financial services, payment services, crypto asset activities, bank structuring, securities and derivatives regulation, capital and liquidity requirements, marketing and selling restrictions, clearing and settlement, custody and prime brokerage recovery and resolution planning. As an international team we are very experienced in providing international comparative advice on regulatory matters that helps our clients decide where best to conduct their business and gives them a competitive advantage.

Role purpose

We are currently looking for a senior, specialist consumer credit and retail financial services lawyer to join our FS Regulatory team as Counsel in London. Working alongside partners in our Banking, Fintech & Payments, Securitisation and Real Estate teams, the successful candidate will have deep knowledge and experience of the law and regulation of consumer lending, consumer protection (including, for example, unfair terms and unfair trading) and FCA policy and regulation of retail financial services and retail banking. They will have the ability to provide legal expertise to support a range of retail lending products.

Knowledge and experience in related areas such as unregulated lending and FinTech is desirable.

Role and responsibilities

• Advising on product design, marketing, regulatory authorisations and permissions, the drafting of product documentation and disclosures, origination and execution processes, post-contractual matters including agreement administration and servicing and regulatory requirements relating to accounts in arrears and default;
• Advising on unfair terms and consumer protection law and regulation;
• Providing specialist consumer credit and retail financial services regulatory support to other practice areas in the context of securitisation, corporate and banking transactions involving retail financial services products;
• Being the primary point of contact within the firm with respect to developments in the retail finance sector;
• Leading on business development relating to the continued development of the consumer credit practice
including, for example, being a key point of contact between the firm and a range of traditional and fintech
clients, as well as industry associations, with respect to retail lending or other retail regulatory issues, assisting
with submissions to pitch documentation and legal directories as well as managing and developing the firm’s
• client relationships in this space; and
• Provision of consumer credit and retail financial services training to internal and external stakeholders.

The successful candidate will provide high quality legal advice, operate independently and supervise others in the team. Strong communication and influencing skills, and the ability to manage relationships with a range of clients and other stakeholders, will be an integral part of this role.

Allen & Overy LLP is committed to being an inclusive employer and we are happy to consider flexible working arrangements.

Additional information - External

Allen & Overy is a leading global law firm operating in over thirty countries. Embracing new trends and harnessing decades of experience, we’ve earned our place at the forefront of the legal industry. Our partners are recognised as leaders in their field and our deals and cases often make headline business news. As a result, we’ve developed a reputation for delivering exceptional legal solutions that not only solve our clients’ challenges but exceed their expectations. By embracing new ways of thinking, integrating technology into our everyday work and putting our people first, we’ve become known for leading by example.

Join our team and you’ll be part of a flexible, inclusive culture underpinned by openness and consistent support for one another. Our culture enables people to define their own career path based on their strengths, while our ambitious outlook ensures we continue to provide each person with opportunities to thrive. We’re also committed to supporting a culture that drives diversity and inclusion. Every day, we’re working hard to create an environment where you feel you can bring your authentic self to work. To be comfortable and confident to be who you are in the workplace. To feel like you belong. If you’re ready to play your part in defining the future of law: It’s Time.

Company

It’s Time

Allen & Overy is a leading global law firm operating in over thirty countries. By turning our insight, technology and talent into ground-breaking solutions, we’ve earned a place at the forefront of our industry. Our lawyers are leaders in their field – and the same goes for our support teams. Ambitious, driven and open to fresh perspectives, we find innovative new ways to deliver our services and maintain our reputation for excellence, in all that we do.

The nature of law is changing and with that change brings unique opportunities. With our collaborative working culture, flexibility, and a commitment to your progress, we build rewarding careers. By joining our global team, you are supported by colleagues from around the world. If you’re ready for a new challenge, it’s time to seize the opportunity.

Find Us
Website:
Telephone
+44 (0) 20 3088 0000
Location
One Bishops Square
London
E1 6AD
GB
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