At a Glance
- Tasks: Provide legal support for innovative merchant services and negotiate contracts.
- Company: Join Lloyds Banking Group, a leader in financial services.
- Benefits: Enjoy a generous pension, performance bonuses, and 30 days holiday.
- Other info: Flexible working, inclusive culture, and opportunities for personal growth.
- Why this job: Be part of a transformative journey in banking and make a real impact.
- Qualifications: Qualified solicitor with 8+ years in commercial contracts and payments.
The predicted salary is between 60000 - 80000 £ per year.
LOCATION(S): Bristol, Cardiff, Chester, Edinburgh, Halifax & 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
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 FTC. Banking Products Legal plays a critical role in supporting the Bank’s strategy. This role will focus on legal support for merchant services solutions to small businesses, larger corporate customers, governmental bodies and local authorities. We work closely with colleagues in Product, Coverage, our transformational Platform teams and Delivery plus other functional support areas.
The products and services we support are merchant acquiring, payment gateways, partnerships, digital innovations including embedded finance payment methods and online digital channels through which our products and services are provided to clients.
Our team provides legal and advice support in relation to product development and innovation, negotiation of commercial contracts, legal and regulatory change projects, rectifications and remediations, industry change initiatives, customer onboarding, end-to-end customer journeys and the management of legal risk. The merchant services business has a programme of strategic growth so a really exciting time to be part of the legal team supporting this.
The successful candidate will be someone who delivers influential insight, engages proactively with senior partners and the Legal & Secretariat Community and operates as a subject matter specialist. The role will also include delegated line management responsibilities.
The place to be!
You’ll be part of a truly supportive team working on core and innovative products and helping to find legal solutions to support strategy. We like to challenge the status quo and help drive continuous improvement activity.
This role will require a good understanding of the legal, regulatory framework applicable to payments and strong commercial contracts experience.
What you’ll be doing:
- Operate as a specialist legal advisor in relation to merchant services matters including providing legal input to support delivery of projects, innovation and product developments and rectifications.
- Negotiate with customers and suppliers in relation to customised agreements.
- Advise on and draft terms and conditions for contracts related to merchant services and associated services.
- Support legal, regulatory and change projects across Business and Commercial Banking and Corporate and Institutional Banking Legal and Legal & Secretariat.
- Proactively identify, report and call out legal and governance risks and recommend solutions as required.
- Advise on customer and colleague journey enhancements.
- Build and maintain a strong partner network to ensure there is a good understanding of business strategy and pipeline and use that knowledge to help prioritise team activity.
- Manage use of panel law firms and build and maintain strong relationships with external lawyers.
- Help run the team by monitoring our service delivery, finding opportunities to improve the way we work and training the team and our business.
We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone.
What we’re looking for:
- Qualified as a solicitor in the UK (or equivalent qualification).
- Minimum 8 years of experience of commercial contracts and/or merchant services, payment services regulations and transaction banking services.
- Experience in developing and coaching others.
- People orientated.
- Able to build strong collaborative relationships across Legal and Secretariat and the business to support delivery of strategy.
- Confident in using your experience and insights to influence, advise and challenge business partners.
- Helps identify, mitigate and control legal risk weakness.
- Able to manage your own workload priorities and support more junior colleagues to do the same.
- Can stay on top of and share regulatory, industry and legal change with our team and business.
- Demonstrates commitment to self-development and the development of colleagues.
- Brings enthusiasm and curiosity to the role.
We know that great talent comes from many backgrounds. Whilst this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply.
This is a place for you
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 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
Ready to make an impact? Apply today!
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 – Merchant Services - Banking Products Legal (12 Months Ftc) in Ledston 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 – Merchant Services - Banking Products Legal (12 Months Ftc) in Ledston
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We think you need these skills to ace Senior Lawyer – Merchant Services - Banking Products Legal (12 Months Ftc) in Ledston
Some tips for your application 🫡
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How to prepare for a job interview at LLOYDS BANKING GROUP
✨Brush Up on Financial Analysis Skills
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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.
