Senior Lawyer – Merchant Services - Banking Products Legal (12 months FTC)
Salary: £114,606 - £134,830
Location(s): Bristol, Cardiff, Chester, Edinburgh, Halifax & Leeds
Hours: Full-time
Working pattern: Hybrid – at least two days per week or 40% of time at listed office sites.
About this opportunity
We’re looking for a Senior Lawyer to join the Banking Products team in Business and Commercial Banking and Corporate and Institutional Banking Legal on a 12‑month fixed‑term contract. Banking Products Legal supports the Bank’s strategy by providing legal and advisory support for merchant services solutions to small businesses, larger corporate customers, governmental bodies and local authorities. You will work closely with colleagues in Product, Coverage, our transformational Platform teams and Delivery, and other functional support areas.
Our team handles merchant acquiring, payment gateways, partnerships, digital innovations including embedded finance payment methods and online digital channels. Responsibilities include product development and innovation, negotiation of commercial contracts, legal and regulatory change projects, rectifications and remediations, industry change initiatives, customer on‑boarding, end‑to‑end customer journeys and the management of legal risk. The merchant services business has a programme of strategic growth, making this an exciting time to support our legal team.
What you’ll be doing
- Operate as a specialist legal advisor on merchant services matters, providing input to support projects, innovation, product development and rectifications.
- Negotiate with customers and suppliers regarding customised agreements.
- Advise on and draft terms and conditions for merchant services and related contracts.
- Support legal, regulatory and change projects across Business and Commercial Banking, Corporate and Institutional Banking Legal and Legal & Secretariat.
- Proactively identify, report and address legal and governance risks and recommend solutions.
- Advise on customer and colleague journey enhancements.
- Build and maintain a strong partner network to understand business strategy and pipeline, prioritising team activity accordingly.
- Manage the use of panel law firms and build strong relationships with external lawyers.
- Help run the team by monitoring service delivery, identifying opportunities to improve work processes, and training the team and our business.
What we’re looking for
- Qualified as a solicitor in the UK (or equivalent qualification).
- Minimum 8 years of experience in commercial contracts and/or merchant services, payment services regulations and transaction banking services.
- Experience developing and coaching others.
- People‑orientated and able to build strong collaborative relationships across Legal, Secretariat and business teams.
- Confident in influencing, advising and challenging business partners using experience and insights.
- Ability to identify, mitigate and control legal risk weaknesses.
- Self‑management of workload priorities and the ability to support junior colleagues to do the same.
- Up‑to‑date knowledge of regulatory, industry and legal change to share with team and business.
- Commitment to self‑development and the development of colleagues.
- Enthusiasm and curiosity for the role.
Benefits
- Generous pension contribution of up to 15%.
- Annual performance‑related bonus.
- Share schemes, including free shares.
- Benefits you can adapt to your lifestyle, such as discounted shopping.
- 30 days’ holiday, plus bank holidays.
- Range of wellbeing initiatives and generous parental leave policies.
Other information
We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. As a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long‑term health or neurodivergent condition through the Disability Confident Scheme.
Ready to make an impact? Apply today!
Senior Lawyer – Merchant Services - Banking Products Legal (12 months FTC) in Bristol employer: LLOYDS BANKING GROUP
Lloyds Banking Group is an exceptional employer that prioritises employee well-being and professional growth, offering a dynamic work culture that fosters collaboration and innovation. With the flexibility of remote working and opportunities for career advancement within the Economic Crime Prevention function, employees can thrive in a supportive environment while contributing to meaningful compliance efforts. The company's commitment to diversity and inclusion further enhances its appeal, making it a rewarding place to build a career.
