Managing Associate / Legal Director - FS Regulatory

TLT is a leading adviser to the financial services industry. The firm acts for the largest UK banks and other leading firms. We are now looking to grow our Financial Services Regulatory team and we are keen to hear from Managing Associates/Legal Directors, with over 6 years PQE, who are ambitious and want to join a team who has a strategic aim to be the best in the UK.

The successful candidate would have the opportunity to play a significant role in the development of our retail financial services practice, with excellent prospects for career advancement in a supportive and exciting environment. You can enjoy flexible working arrangements and can be based out of any of our UK offices.

Your Role

You would join the Financial Services Regulatory team. We are looking for lawyers who particularly want to specialise in retail financial services (consumer credit, mortgages, retail banking and payments regulation). The team already has a very strong reputation in the retail financial services sector and advises banks, building societies and specialist lenders on the complete range of regulatory matters affecting their business. The team is ranked in Chambers and Partners for Consumer Finance.

In addition to this core focus, the team has a growing and wider financial regulatory practice. This practice covers wealth and asset management, and funds and funds management.

You can expect to work for leading financial services firms on their strategically important matters. You should expect to work on these sorts of areas:

• Assisting clients to develop new products and services, providing end to end regulatory support, including structuring products, drafting agreements, working on comms, working through detailed systems builds;
• Helping clients when things don’t go according to plan, including assessing regulatory issues and remediation strategies;
• Assisting clients to implement new regulatory requirements, including BNPL, consumer credit and payments reform;
• Assisting clients with general regulatory compliance, including with Consumer Duty and consumer law compliance. 

In addition to the technical work on matters, you will also take on these roles:

• You will work closely with the Partners and will take on management and mentoring roles for the more junior members of the team. A really important part of your role will be to provide support, coaching and guidance to members of the team, supporting their technical and professional development.
• Training clients and speaking at conferences and client events on regulatory developments.
• Actively working with the partners to set the strategy for the team and continue to grow and develop the team and its specialist practice areas.
• Actively engaging in business development activities with clients and potential clients, particularly in working alongside the partners to grow and develop the retail financial services practice.

Your Skills and Experience

To be considered for this role, strong technical financial regulation experience is essential. This can have been gained working in private practice, in house, or in a compliance or public affairs role. Ideally you will be a qualified lawyer, but we would consider compliance professionals who have had a very technical role.

Ideally, you will have had significant experience working on retail financial services and payments regulation, but you do not need experience of all the technical areas. You must have a desire to practice across these areas and develop new complementary specialisms to your current ones if necessary. 

It is also essential that you have a real and genuine interest in financial regulation and in particular the retail financial services sector. You will be given support to develop technically, but you also need a strong self learning approach to your development. 

You will have/be:

• Experience in business development and maintaining strong client relationships
• Experience of supervising and/or managing team members
• Able to demonstrate high quality communication skills with the ability and confidence to engage with clients and colleagues at all levels
• Able to provide strategic advice to a variety of TLT clients with little or no supervision
• An active, senior member of the team at TLT, with the commitment to developing the firm’s offering locally and nationally