Retail Consumer Banking - Legal - Associate

JPMorgan Chase; City of Edinburgh; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading company in financial services seeks a Legal Associate to support the International Consumer Legal Team. The role involves providing legal advice on retail banking products, ensuring compliance with UK regulations, and collaborating with business stakeholders. Ideal candidates have strong legal expertise in UK payment regulations and retail consumer conduct, complemented by excellent analytical and communication skills.

Qualifications

• Experience with UK retail consumer banking products is essential.
• Strong knowledge of UK payment regulations and consumer conduct rules.
• Experience providing legal advice related to consumer complaints and litigation matters.

Responsibilities

• Provide legal support for Chase UK's retail consumer banking products.
• Assist in new product developments and drafting customer documentation.
• Advise on regulatory changes and manage relationships with external counsel.

Skills

Analytical skills

Communication skills

Organizational skills

Education

Solicitor of England & Wales or Paralegal

Job description

We are seeking a Legal Associate to join our International Consumer Legal Team, with a focus on UK retail consumer banking products. This role involves providing legal support for Chase UK, specifically in the area of retail consumer banking. The ideal candidate should ideally have experience with UK payment-related regulations and an understanding of retail consumer conduct rules, including the FCA Consumer Duty and DISP Handbook rules. Strong analytical and communication skills are essential, as your contributions will play a vital role in supporting our company, clients, and business partners.

As a Retail Consumer Banking - Legal - Associatee within the International Consumer Legal Team, you will assist in providing legal advice on UK retail consumer banking products and services, and support various business initiatives. Your responsibilities will include interpreting existing laws, rules, and regulations, advising on regulatory changes, and offering guidance related to retail consumer banking laws. Additionally, you will collaborate with business stakeholders and functional partners, while assisting in managing relationships with external counsel.

Job responsibilities

• Assisting with new product developments and providing legal advice with respect to retail consumer banking products.
• Providing legal advice on day to day matters relating to payment accounts, savings accounts and customer complaints.
• Helping draft customer facing documentation, including general T&Cs and marketing materials.
• Contributing to the oversight of the contents and execution of documents, including communications with respect to complaints, disputes, litigation, etc.
• Liaising with outside counsel.
• Interpreting existing laws, rules and regulations, and advising on changes thereto as well as advising on contemplated and proposed laws, rules and regulations.

Required qualifications, capabilities, and skills

• Solicitor of England & Wales or a Paralegal, with experience covering UK retail consumer banking products, such as current accounts and savings accounts.
• Strong knowledge of the Payment Services Regulations 2017, the FCA Consumer Duty and the FCA handbook including BCOBS, DISP, SYSC and PRIN.
• Experience of providing legal advice with respect to UK retail consumer matters, including with respect to complaints, FOS investigations, litigation matters, POAs and bereavement cases.
• Experience of regulatory change management programs.
• Excellent organizational skills and a team player who can collaborate with the Business and functional stakeholders.
• Ability to interact effectively and professionally at all levels.

Preferred qualifications, capabilities, and skills

• Familiarity with other retail consumer laws and regulations, including GDPR and Anti-Money Laundering Regulations.

About us

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

About the Team

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

With large, global operations, the Legal team tackles complex issues and helps shape the regulations that affect the businesses. The group is organized into practice groups that align with the lines of business and corporate staff areas, which encourages collaboration on legal, regulatory and business developments as they arise.