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The role is in our Financial Services group, which undertakes a wide range of advisory and transactional financial services work for asset managers (the establishment of authorised and unauthorised funds) and other financial services institutions.
As an integral part of our Financial Services team you will provide advice to clients and colleagues and undertake or provide support on a wide variety of transactions. The clients include asset managers, depositaries, wealth managers, administrators, insurance companies and banking institutions. As an integral part of our Financial Services team you will have opportunities to be involved in a number of client relationships (in many cases having daily day to day contact) with opportunities for secondment. You will also have the opportunity to work closely with colleagues in the Financial Services Disputes and Investigations team providing advice in the context of regulatory investigations and other regulatory processes.
Work will include (but not be limited to) advising on the whether activities are regulated under the UK financial services regime, MiFID, the AIFMD and the UCITS Directive and/or the extent to which authorised or unauthorised firms can carry on those activities; the prudential, systems and controls and other requirements for establishing a regulated business in the UK, including advice on prudential classification under FCA Rulebook and CRR, regulatory processes, policies and procedures and relevant legal documentation; the regulatory requirements for the development and distribution of new products including funds; customer issues, particularly those relating to the distribution of products to retail clients in light of the issues arising under the Retail Distribution Review; trading issues, including advice on client issues under the FCA Conduct of Business Sourcebook, market integrity and reporting issues under the FCA Code of Market Conduct, Market Abuse Directive, Short Selling Regulation, European Market Infrastructure Regulation (EMIR) and Transparency Directive and the development of policies and procedures; issues relating to the safeguarding of client assets and protection of client money under the FCA Client Asset Rules (CASS) and EMIR and the interplay of these rules with those governing the resolution and insolvency of financial institutions; the impact of measures, such as MiFID, the AIFMD, the UCITS Directive, EMIR on financial services documentation, including terms of business, investment management and brokerage agreements, depositary and custody agreements, and collateral and clearing documentation; and the impact of regulatory change, particularly MiFID II, UCITS V, MAD II, PRIIPS, bank recovery and resolution, and structural reform measures, on our clients’ businesses.
Skills and experience:
You will possess strong technical skills and excellent academic qualifications. In addition you will be able to demonstrate exceptional organisation skills as well as your high attention to detail. You will provide a first rate client service both internally and externally.
We expect you will have worked on and managed significant and complex regulatory matters covering many of the areas identified above and be able to demonstrate a good knowledge and understanding of UK and relevant EU legislation and also the key commercial, risk and operational issues related to these types of matters.
You should be a team player, client focused and a good communicator with a strong practical approach to your workload. A commitment of delivering quality service is essential, as is the ability to juggle the demands of a heavy workload.
In addition to the above, Eversheds also require awareness and full participation in the Firm’s commitment to equality and diversity, the environment and health and safety.
We're a modern, progressive law firm. We think differently and we've built a culture where individual skills and personalities can shine through. At Eversheds, we believe that innovation comes from a culture of genuine equality and diversity and we are happy to discuss any reasonable adjustments individuals may require in the recruitment process, or once in post.
Eversheds endeavours to recruit and fill vacancies directly. However, when we do need to engage with agencies, Eversheds operates within a preferred supplier list.