Senior Regulatory Lawyer
We are currently recruiting for a Senior Regulatory Lawyer for a 12 month Maternity cover.
All of our offices are currently closed due to the pandemic. We require the job holder to work from home initially, but the role is typically based out of our Edinburgh office and the successful applicant should be able to attend that office regularly when the office re-opens. Travel to sites in London and Oxford and to other conference/ meeting locations may be required.
To apply, please send a CV and covering letter plus details on your current salary to HRsupport@actuaries.org.uk before the closing date of 2 October 2020.
The IFoA operates an Agile working policy which is available to the successful candidate immediately upon starting. Additionally, part time working will be positively considered for this role.
Purpose of the job
Reporting to the Head of Regulatory Policy, the main purpose of the role is to provide senior legal/regulatory advice to the IFoA in relation to its public interest regulatory role, including acting as secretary to the IFoA’s Regulation Board and managing a small team of lawyers responsible for maintaining and developing the IFoA’s framework of professional standards.
- Providing legal regulatory advice and general legal advice to the Institute and Faculty of Actuaries as required.
- Having a key role within the IFoA’s regulatory team in assisting the Regulation Board of the Institute and Faculty of Actuaries with the development of its regulatory policy and strategy, including the provision of regulatory legal advice.
- Managing a small team of regulatory lawyers that support the regulatory functions of the IFoA and overseeing the delivery of their regulatory projects and work.
- Acting as secretary to the Regulation Board, providing advice and ensuring that the Board meets high standards of regulatory governance.
- Overseeing the IFoA’s services for supporting members facing ethical and regulatory challenges, including the Professional Support Service.
- Responsible for leading on the development and delivery of more complex regulatory projects including:
- Developing proposals (including policy proposals and detailed legal drafting )
- Obtaining support from relevant IFoA Boards and necessary governance approvals
- Leading on external promotion of the project
- Engagement with external stakeholders to obtain input and secure support for proposals
- Developing and delivering training and education on new measures, where required
- Preparing papers for and presenting at meetings of principal IFoA Committees and Boards (including Council) and responding to queries from senior members of those Committees/Boards
- Presenting at and participating in events and conferences to promote regulatory issues (including both IFoA and external events).
- Representing the IFoA at meetings of international actuarial organisations in relation to relevant aspects of regulatory policy
- Engaging with external stakeholders and building relationships with their key representatives, including, in particular, co-regulators, the IFoA’s oversight body and actuarial employers.
- Engaging with external service providers in relation to contracts and delivery of services.
- Sharing knowledge of legal, regulatory and commercial best practice with colleagues across the organisation, as required.
- Working closely and effectively with other members of the General Counsel Directorate and other internal clients.
- Management and supervision of work of other members of staff, as required.
- Being responsible for managing own workload and acting autonomously with minimal supervision.
- Regulation Board and its Sub Committees and working parties
- Management Board
- Council of the IFoA
- Disciplinary Board
- Professional Support Services re legal issues in member queries
- Practice Boards
- Financial Reporting Council and its Committees/ Boards
- Financial Conduct Authority and Prudential Regulation Authority
- The Pensions Regulator
- External solicitors
- Other professional bodies and regulators
The role holder will be required to take decisions and exercise judgement to ensure the IFoA receives first class legal and regulatory advice.
The role will involve making decisions in relation to complex legal and policy issues.
The role holder will be required to give legal advice and draft policy documentation which will be relied upon by the IFoA at the highest level. This advice may be provided directly to key decision makers within the IFoA.
Knowledge and experience
- Experience of regulatory law and policy obtained either in private practice and/ or in-house.
- Exceptional written and oral communication skills.
- Strong commercial and strategic awareness.
- Good team worker.
- Experience of giving presentations to committees/ conferences.
- Strong leadership skills
- Qualified lawyer in English/ Scots Law or other comparable jurisdiction.
- Experience of working in a financial services regulatory environment.
- Experience of working for/with a professional regulatory body.
- Experience of policy development and drafting.
- Experience of investigation and prosecution of professional disciplinary cases.
- Experience of project management.
- Experience of advising Boards and/or Committees.
Values and behaviours
The role holder will require to demonstrate each of the values of Community, Integrity and Progress in accordance with the IFoA‘s Values and Behaviours framework.
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