Job description
Keen to become part of a truly global, collaborative team of professionals? Your journey begins here.
Job Title
Business Consultant
Department
Financial Services Regulatory Consulting Division
Location
London
Reports To
Director - Financial Services Regulatory Consulting Division
Working Hours
35 hours per week, 9:00am to 5:00pm but additional hours may be required. We are happy to consider agile and flexible working patterns. Our approach to hybrid working allows for up to 40% of time working from home and 60% working in the office, please contact a member of the recruitment team to discuss further.
Firm Description
Hogan Lovells is one of the leading global law firms. Our distinctive market position is founded on our exceptional breadth of our practice, on deep industry knowledge, and on our 'one team' global approach. Formed through the combination of two top international law firms, Hogan Lovells has over 40 offices in the Americas, Asia-Pacific, Europe, the Middle East and Africa. With a presence in the world's major financial and commercial markets, we are well placed to provide excellent business-oriented advice to our clients locally and internationally. Our people are the key to our success, which is why we seek to recruit and retain the most talented individuals in all regions of our global practice.
Department Description
Our Regulatory Consulting team forms part of our market leading Financial Services legal practice offering an integrated solution to our clients which is unique and fresh in the market. The team works closely with lawyers, navigating complex regulations and marrying legal insight with regulatory consulting knowledge and experience to understand the operational, conduct, governance, risk and compliance needs of clients ranging from major financial institutions and technology companies to FinTech start-ups.
The work is high-profile and varied. We work on global compliance reviews, devise strategies and approaches for the creation of new digital banks, products & offerings assisting clients with the design and implementation of new frameworks, governance & reporting structures, policies, procedures and processes. We also work on major regulatory change programmes and authorisations for different types of firms and support on litigation and enforcement and corporate and commercial transactions.
Our specialist team has a broad range of operational and regulatory skills & experience, having worked for regulators, big four consultancies and a wide range of financial services institutions in different roles and seniority giving us the bespoke knowledge and insight to provide innovative and tailored solutions.
Role Overview
Business Consultants are an integral part of the Hogan Lovells Consulting team advising clients on the impact of the changing regulatory market. Working alongside the legal team to provide guidance and support to clients on regulatory compliance, risk management, and governance matters, the individual performing this role will work to identify and assess risks, provide feedback on key operational documentation, support in the drafting of good practice policy templates and identify opportunities, whilst developing strategies to address them.
The role will involve a significant amount of time working directly with clients, and provide an opportunity to identify new opportunities. An ability to think independently and provide clear and considered views, taking into account regulatory, operational and commercial needs will be critical.
The role is ideally suited to someone working in a financial institution, a consulting firm or a regulatory body.
A successful candidate will ideally have strong experience in financial services, compliance within industry, and/or consulting experience. Experience of remediation programmes, regulatory change programmes and implementation will be well suited.
Key Responsibilities and Accountabilities
As part of the Financial Services Regulatory Consulting team, you’ll work with members of Consulting and Legal teams, and be building relationships with our clients day to day. Key responsibilities of the role include:
- Demonstrating detailed knowledge of concepts and issues in regulatory environments, and ability to research as necessary for relevant markets
- A strong working knowledge of industry processes and ability to actively think about them and how they apply to client situations
- Demonstrating the ability to apply relevant policies and procedures, ethics, rules, and compliance principles in practice
- Ability to simplify and provide clear and coherent advice on complex issues
- To be solution focused; approaching problems on many different levels and able to locate useful supporting research and offer meaningful and practical recommendations
- Ability to recognise changes of scope of instructions and client requirement changes, and raise them appropriately for discussion
- Preparing documents that reflect clear and consistent thinking as well as knowledge of the problem and suggested solutions
- Ability to incorporate work products of others and edit various pieces to produce clear and consistent documents .
- Preparing sections of/ reports and other documentation correctly and prepare material meeting client needs with little supervision
- Keeping clients fully informed and use of good judgment in responding to client requests for information; determine when communication is necessary and appropriate, and when to consult with the wider team
- Building good working relationships with clients and proactively working to develop and strengthen client engagements
- Establishing networks and developing relationships in the firm as well as business communities
- Contributing to the success of the practice area and industry sector by understanding the capabilities of other members and the practice strategic direction, and by identifying collaboration opportunities
- Ability to recognise where changes in law or business may create client opportunities
- Managing and prioritising deadlines whilst maintaining quality and accuracy of work to deliver the highest quality of client service
- Understanding project deadlines and meeting them or promptly advising when deadline cannot be met and identifying possible solutions to address this
- Ability to be flexible and handle dynamics when a project changes over time (e.g., when a project stalls for some period of time and then rapidly picks back up again).
Firm mindedness
- Shows support and engagement in the firm’s diversity strategy and related activities.
- Helps to build an inclusive culture and challenges discriminatory behaviour and practices at all levels within the firm.
- Takes an active role in managing the firm’s reputation both in and out of work.
- Participates and engages others in citizenship activities.
Specific duties or responsibilities may be reviewed from time to time to reflect changes in personnel and management structure, staff location or services.
All members of the firm participate in our Responsible Business program.
Person Specification
Qualifications & Training
- Experience in financial services, compliance experience, and/or consulting experience.
- Knowledge of FCA handbook including; Conduct of Business (BCOB, MCOB, ICOB), SYSC, and DISP.
- Strong academic background ideally to degree level / Professional Financial Services Qualifications
- Experience as a level D (Assistant manager), or level E (Analyst) is ideal.
Agile Working Statement
Our goal is to embed flexibility across our business by giving everyone the opportunity to work in an agile way, whether as a regular pattern or on an ad hoc basis, and we will be happy to discuss this further.
Equal Opportunities Employment Statement
It is the policy of Hogan Lovells to provide equal opportunities for all employees in relation to recruitment, training and promotion. Decisions in these areas will be made only by reference to the requirements of the job and shall not be influenced by any consideration of age, disability, ethnic origin, gender identity, religion, sex or sexual orientation.
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