At a Glance
- Tasks: Advise on legal aspects of cash management and payments, drafting terms and conditions.
- Company: Join Lloyds Banking Group, a leader in diversity and inclusion.
- Benefits: Generous pension, performance bonuses, 30 days holiday, and flexible working options.
- Other info: Collaborative team environment with opportunities for personal and professional growth.
- Why this job: Shape the future of financial services while making a real impact.
- Qualifications: UK qualified lawyer with experience in financial services and payments.
The predicted salary is between 111809 - 131540 £ per year.
We have an exciting opportunity for a Senior Lawyer to join our Banking Products team in Business & Commercial Banking (BCB) and Corporate & Institutional Banking (CIB) Legal to support the cash management and payments business. Join a highly collaborative and friendly team. We support delivery of transaction banking products and services to all commercial customers – from sole traders and start-ups to the largest corporates, financial institutions and the public sector.
The role requires someone who is legally qualified and has extensive experience in cash management and payments. This role will require a good understanding of the legal, regulatory and industry framework applicable to payments and deposits and experience with customer and/or supplier agreements. Knowledge and experience will be required of a product suite which includes deposits and accounts (current, deposit, client money and other specialist accounts), liquidity solutions (e.g. pooling and sweeping), receivables and payments, open banking solutions and digital channels.
The role requires someone who delivers influential insight, engages proactively with senior stakeholders, provides business-friendly legal advice and operates as a subject matter specialist. The role will also include delegated line management responsibilities. You should be confident in coaching colleagues and supporting them in embedding effective legal risk management. Thinking strategically about the operation of the team and the way legal services are used and delivered is encouraged, including exploring legal tech solutions.
What you'll be doing:
- Advise on the legal and regulatory aspects of cash management and payments solutions
- Advising on and drafting terms and conditions for new and existing payables, receivables, deposits/accounts, liquidity and digital products and services
- Advising on end-to-end customer journeys
- Identify and help mitigate legal risk
- Negotiation with customers in relation to tailored arrangements
- Supporting business partners with tender reviews and submissions
- Providing legal support for delivery of projects including innovation, product development, rectifications and legal and regulatory change
- Assist with the development of policy and procedures
- Collaborating with product, sales, relationship and delivery teams to develop and deliver new solutions or change initiatives
- Helping to shape and influence strategy in relation to relevant areas of legal, regulatory and industry change – with specific reference to payment services
- Working on supplier or other third-party arrangements related to new or enhanced products
- Build relationships with external stakeholders including trade associations and industry peers
- Build and maintain positive relationships with external lawyers and internal stakeholders across legal function, the business and in other functions (e.g. Risk and Compliance)
- Identify knowledge gaps and deliver and organise training to team and business partners
- Reflect on service delivery and look for continuous improvement opportunities
What you’ll need:
- UK qualified lawyer with significant experience in financial services, specifically payments and transaction banking
- Deep understanding of Payment Services Regulations and Consumer Duty
- Knowledge of BCOBS, KYL/AML and ringfencing
- Experience dealing with customer and/or commercial contracts and related negotiations
- Ability to learn and adapt to new legal and technological developments
- Strong influencing and communication skills ideally with experience engaging regulators and industry bodies
- Proven track record of delivering legal advice in complex, cross-functional environments
- Experience collaborating with clients, business partners and internal teams to deliver solutions in a regulated environment
- Knowledge of digital assets/tokenised deposits would be an advantage
- A genuine interest in developing others and being part of a collaborative team
- Able to independently manage busy workload / competing priorities in fast-paced environment
Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and we’re committed to creating an environment in which everyone can thrive, learn and develop. We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns.
Senior Lawyer - Banking Products (Cash Management & Payments) in Edinburgh employer: Lloyds Bank
Lloyds Banking Group is an exceptional employer, offering a collaborative and inclusive work culture that prioritises employee growth and well-being. With flexible working options, a generous benefits package including a substantial pension contribution and performance-related bonuses, and a commitment to diversity and inclusion, employees are empowered to thrive in their roles while making a meaningful impact in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Lawyer - Banking Products (Cash Management & Payments) in Edinburgh
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Lloyds Bank. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Lawyer - Banking Products (Cash Management & Payments) in Edinburgh
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Lloyds Bank.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Lloyds Bank's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Lloyds Bank
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Lloyds Bank.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Lloyds Bank will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Lloyds Bank employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
