At a Glance
- Tasks: Provide legal advice on cash management and payments, ensuring compliance with regulations.
- Company: Join Lloyds Banking Group, a leader in diversity and inclusion.
- Benefits: Enjoy a generous pension, performance bonuses, and 30 days holiday.
- Other info: Collaborative 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 70000 - 90000 £ per year.
LOCATION(S): Edinburgh, Bristol, Cardiff, Chester, Halifax and Leeds
HOURS: Full-time
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.
About this Opportunity
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 (eg 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
- Advise on and draft terms and conditions for new and existing payables, receivables, deposits/accounts, liquidity and digital products and services
- Advise on end‑to‑end customer journeys
- Identify and help mitigate legal risk
- Negotiate with customers in relation to tailored arrangements
- Support business partners with tender reviews and submissions
- Provide legal support for delivery of projects including innovation, product development, rectifications and legal and regulatory change
- Assist with the development of policy and procedures
- Collaborate with product, sales, relationship and delivery teams to develop and deliver new solutions or change initiatives
- Help shape and influence strategy in relation to relevant areas of legal, regulatory and industry change – with specific reference to payment services
- Work 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 (eg 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
About working for us
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 were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.
We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, 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.
We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.
We also offer a wide-ranging benefits package, which includes:
- A generous pension contribution of up to 15%
- An annual performance‑related bonus
- Share schemes including free shares
- Benefits you can adapt to your lifestyle, such as discounted shopping
- 30 days’ holiday, with bank holidays on top
- A range of wellbeing initiatives and generous parental leave policies
If you’re excited about being part of our team, get in touch. We’d love to hear from you!
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.
We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
We're focused on creating a values‑led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.
Senior Lawyer - Banking Products (Cash Management & Payments) in Edinburgh 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.
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 BANKING GROUP. 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 BANKING GROUP.
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 BANKING GROUP'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 BANKING GROUP
✨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 BANKING GROUP.
✨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 BANKING GROUP 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 BANKING GROUP 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.
