At a Glance
- Tasks: Support risk management initiatives and provide legal counsel on control processes.
- Company: Join a leading bank at the forefront of financial services.
- Benefits: Enjoy competitive pay, professional development opportunities, and a dynamic work environment.
- Why this job: Be part of impactful risk transformation efforts in a reputable institution.
- Qualifications: 5+ years PQE as a qualified solicitor or lawyer in another jurisdiction required.
- Other info: Ideal for those passionate about risk management in finance.
The predicted salary is between 48000 - 72000 £ per year.
A leading bank is looking to hire an interim counsel with experience in risk and control advisory matters. This role will sit within the bank's broader Risk and Control Advisory Legal and advises on Independent Risk Management. It will assist the Legal Department with respect to enterprise risk management and support the structure and substance of Risk programs, cross-product or enterprise Risk projects, and structural or programmatic regulatory issues such as Matters Requiring Attention and FRB / OCC Consent Order Risk and Control related activities.
In this role, you will be required to support a broad range of global risk and control related initiatives as well as providing counsel in relation to critical ongoing control processes. Providing counsel and other support to Independent Risk Management and Central Controls.
Key responsibilities:- Support implementation of the bank’s response to the Fed/OCC Consent Orders and related Risk and Control transformation efforts.
- Assist in the development, review and operation of in-business risk management frameworks encompassing a full range of risk types (e.g. credit, price, strategic, reputational), incident management and escalation, and policy infrastructure.
- Acting as legal subject-matter expert for cross-product risk & control issues.
- Provide training and education for Legal management and product lawyers on risk & control management and related topics.
- 5+ PQE
- Qualified Solicitor or as a lawyer in another jurisdiction (must hold valid PC in that jurisdiction).
- Familiarity with institutional banking, markets and finance businesses, products and structures.
- Working knowledge of risk & control issues arising in large financial institutions.
If of interest, apply for more information.
Interim Risk & Control Advisory Counsel employer: Major, Lindsey & Africa
Contact Detail:
Major, Lindsey & Africa Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Interim Risk & Control Advisory Counsel
✨Tip Number 1
Network with professionals in the banking and legal sectors. Attend industry events or webinars focused on risk management and control advisory to meet potential colleagues and learn about the latest trends.
✨Tip Number 2
Familiarise yourself with the specific regulatory frameworks and compliance requirements relevant to the role, such as the Fed/OCC Consent Orders. This knowledge will help you demonstrate your expertise during interviews.
✨Tip Number 3
Prepare to discuss your previous experience in implementing risk management frameworks. Be ready to provide examples of how you've successfully navigated complex risk and control issues in past roles.
✨Tip Number 4
Consider reaching out to current or former employees of the bank for insights into the company culture and expectations for the role. This can give you a competitive edge in understanding what they value in candidates.
We think you need these skills to ace Interim Risk & Control Advisory Counsel
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk and control advisory matters. Emphasise your qualifications, particularly your PQE and any specific legal expertise related to financial institutions.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your understanding of the role and how your background aligns with the bank's needs. Mention your familiarity with regulatory issues and your experience in implementing risk management frameworks.
Showcase Relevant Experience: In your application, provide specific examples of past projects or roles where you supported risk and control initiatives. Highlight your contributions to compliance with regulatory requirements and your ability to provide counsel on complex issues.
Proofread and Edit: Before submitting your application, thoroughly proofread all documents for clarity and professionalism. Ensure there are no grammatical errors or typos, as attention to detail is crucial in legal roles.
How to prepare for a job interview at Major, Lindsey & Africa
✨Know Your Risk and Control Frameworks
Make sure you have a solid understanding of risk management frameworks, especially those relevant to banking. Be prepared to discuss how you've applied these frameworks in previous roles and how they can be implemented effectively in the context of the bank's operations.
✨Demonstrate Your Legal Expertise
As a legal subject-matter expert, you should be ready to showcase your knowledge of regulatory issues and compliance matters. Prepare examples of how you've navigated complex legal challenges in risk and control advisory roles, particularly in relation to Fed/OCC Consent Orders.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in risk management situations. Think about past experiences where you had to manage incidents or escalate issues, and be ready to explain your thought process and the outcomes.
✨Showcase Your Training Skills
Since part of the role involves providing training and education, be prepared to discuss your experience in this area. Highlight any training programmes you've developed or delivered, and how you ensured that the content was engaging and informative for your audience.