EL 1 Lawyer/Analyst

• Identify, assess, and action regulatory issues across the sector
• Permanent role, Sydney or Melbourne locations
• Salary from $118,925 plus 15.4% superannuation

A future with ASIC means that your work will contribute to ASIC’s vision for a fair, strong and efficient financial system for all Australians. We value what you will bring. We value those with sharp, analytical minds and are open to challenging the way things are done.

The team

The Financial Advice and Investment Management team is the team primarily responsible for ASIC’s role in relation to the regulation and supervision of the funds management and personal financial advice sectors.  This includes proactive engagement and the monitoring of firms and the sector overall.  The team also coordinates and provides strategic direction, industry knowledge and technical expertise for ASIC’s work in these sectors.  This team is also responsible for the administration of the Financial Adviser Exam, and the registration of collective investment schemes.

The team conducts analysis, research, proactive surveillance, supervision, monitoring, and engagement work (with a view to appropriate regulatory outcomes), considers applications for relief from legislative requirements, provides specialist support to regulatory reform activities, and actively engages with relevant stakeholders regularly to understand and respond to current and emerging industry issues.  The team provides assistance to other teams within ASIC to enable them to carry out their roles, especially the carrying out of enforcement and compliance action.

The role

As a Lawyer/Analyst you will be accountable for:

• Undertaking risk-based supervision projects in relation to the sector’s adherence with the law.
• Participating in thematic reviews of harms or problems across the sectors and work as part of a team to develop appropriate solutions to regulatory issues.
• Assisting with the identification and implementation of effective regulatory strategies and interventions to further appropriate consumer and market outcomes.
• Coordinating the effective collection of information and data, analysing a range of qualitative and quantitative data.
• Identifying potential areas for law reform and supporting the implementation of policy and law reform, including developing of new guidance, training, systems, and processes as required.
• Consider applications for relief from the legislation administered by ASIC, review the submissions from the applicant (and third parties, as appropriate), consider existing policy and precedents, make a sound recommendation showing regulatory judgment and then prepare the relevant legal instrument to give effect to the relief decision.
• Conducting assessments of products and services, and risks across the sectors.
• Maintaining knowledge of ASIC’s regulatory framework and toolkit, relevant legislative and reporting requirements, domestic and international developments, and best industry practice models.

  About you

• Relevant tertiary qualification.
• Detailed knowledge of, or the ability to readily acquire knowledge of the financial advice and funds management sectors and the key issues influencing the sectors.
• Demonstrating a strong understanding of ASIC’s regulatory environment.
• Experience assessing, challenging, and authenticating complex information, and making sound (regulatory) judgements.
• A strong understanding of analysing quantitative and qualitative data.
• Demonstrated experience presenting information to different audiences through strong business writing and verbal communication.
• Draft clear, accurate analysis and advice on complex matters, including products, practices, and policy as relevant to financial services and ASIC’s regulatory environment.
• Strategic thinking, analytical, investigative and research skills, including data analysis and presentation.

About ASIC

ASIC’s remit is one of the broadest of regulators across the world.

ASIC regulates corporations, markets, financial services and consumer credit and monitors and promotes market integrity and consumer protection in the Australian financial system.

Through our enforcement work, we hold to account those who contravene the law, working to achieve strong outcomes that address the greatest consumer and investor harms.

Through Moneysmart, we aim to improve the skills and knowledge of Australians and provide information and tools to help them in their decision making.

A future with ASIC means that your work will contribute to achieving ASIC’s vision for a fair, strong, and efficient financial system for all Australians.

ASIC is committed to a providing a diverse and inclusive workplace where the very best talent in Australia chooses to work. Indigenous Australians are encouraged to apply as well as applicants from all backgrounds and with different abilities.

Applications for this role will close at 11:59pm on 11 September 2024.

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