Associate Counsel
Associate Counsel
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Job Description
We back our colleagues and their loved ones with benefits and programs that support their holistic wellbeing. That means we prioritize their physical financial and mental health through each stage of life. Benefits include:
- Competitive base salaries
- Bonus incentives
- Support for financialwellbeing and retirement
- Comprehensive medical dental vision life insurance and disability benefits (depending on location)
- Flexible working model with hybrid onsite or virtual arrangements depending on role and business need
- Generous paid parental leave policies (depending on your location)
- Free access to global onsite wellness centers staffed with nurses and doctors (depending on location)
- Free and confidential counseling support through our Healthy Minds program
- Career development and training opportunities
Offer of employment with American Express is conditioned upon the successful completion of a background verification check subject to applicable laws and regulations.
You Lead the Way. Weve Got Your Back.
With the right backing people and businesses have the power to progress in incredible ways. When you join Team Amex you become part of a global and diverse community of colleagues with an unwavering commitment to back our customers communities and each other. Here youll learn and grow as we help you create a career journey thats unique and meaningful to you with benefits programs and flexibility that support you personally and professionally.
At American Express youll be recognized for your contributions leadership and impactevery colleague has the opportunity to share in the companys success. Together well win as a team striving to uphold our company values and powerful backing promise to provide the worlds best customer experience every day. And well do it with the utmost integrity and in an environment where everyone is seen heard and feels like they belong.
Join Team Amex and lets lead the way together.
We are seeking a regulatory lawyer to join the General Counsels Organization (GCO) at American Express to take the position of Associate Counsel (Financial Services Regulatory) in a multidisciplinary Global Legal Policy and Strategy function. Therole will be based in London in the Global Legal Policy & Strategy team which comprises both competition and financial services lawyers. The role will report into a senior lawyer in the team.
How will you make an impact in this role
Primary responsibilities include:
- Supporting senior lawyers in the team on regulatory change management process by monitoring regulatory developments at UK EU and global level relating to financial services payment services payment schemes and financial crimes through internal external and desktop resources and reporting these developments internally.
- Advising on and supporting compliance with the requirements of key financial services legislation including UK payment services regulations EU PSD2 and PSD3/PSR1 Interchange Fee Regulation legislation related to financial crimes digital currencies cryptoassets and environmental social and governance and helping to shape future lobbying strategy in these areas.
Supporting senior lawyers in advising on licensing prudential regulation ongoing governance and conduct regulation under the regimes established by PSD2/PSD3. This include playing a role on licensing matters such as advising on license applications passporting submissions and appointment of agents. Supporting senior lawyers in advising on crossborder structures passporting and arrangements with third parties (group companies and external partners) including outsourcing and agency arrangements. Advising on FCA authorisation and supervision generally assisting with relevant UK/EU regulatory reviews and inspections and responding to requests for information. Assisting lobbying efforts in the UK and EU as well as potentially other regions globally to ensure regulation is proportionately tailored according to different business models. Assisting in the development of American Express strategy in response to and anticipation of regulatory developments in the payments industry. Supporting senior lawyers in advising on management of potential regulatory breaches or compliance failures. - Supporting regulatory aspects and overall strategy on reorganisation projects structuring considerations new product launches and new market entry.
Briefing colleagues and clients on significant developments and projects. This will include preparing and supporting the delivery of trainings or presentations as appropriate. Supporting senior lawyers in instructing and finalising legal opinions/advice from outside counsel as needed. Attending relevant training courses. Supporting the work of the Global Payments Systems Regulation Centre of Excellence as required.
Preferred Experience:
Qualified to practice law in the UK with experience advising on regulatory matters in the UK and EU. Professional experienceideally in financial services regulation matters in a law firm regulator or inhouse. Familiarity with one or more of the following areas would be ideal payment services payment schemes emoney AML FSMA. Willingness to learn and become an expert in these fields. Fluency in English. Solid drafting research and negotiation/influencing skills. Solid analytical skills and high attention to detail. Applications are also welcome from experienced career paralegals with substantial financial services regulatory background.
High engagement passionate about payments and regulatory matters. - Skilled at prioritisation able to manage and prioritise a wide variety of matters and client contacts at once and comfortable working autonomously.
Commercial awareness able to interpret and apply regulation in a pragmatic manner. Communication skills personable able to communicate clearly concisely effectively and persuasively with clients all levels of business legal management and external regulators. Comfortable with speaking up in meetings and briefing stakeholders orally and in writing. Processmanagement skills strong knowledgemanagement and organisational skills and willingness to help identify and implement improvements in work process to enhance efficiency and productivity. Adaptable and collaborative able and willing to work both as part of a team and independently under supervision of more senior lawyers where appropriate. Willingness to learn and grow willing to learn business sectors relevant to American Express as well as the applicable regulatory environment and to leverage experience gained in this position to expand skill set for future career growth at American Express. Strong relationship focus able to build solid working relationships with clients colleagues and external parties. Enjoys getting to know people. Commitment to integrity and American Express values with high personal work standards. Strategic thinker with good analytical skills attention to detail even under time pressure. Intellectually strong rapid grasp of key issues.
Required Experience:
IC
Employment Type
Full-Time
