At a Glance
- Tasks: Advise on legal aspects of cash management and payments, drafting terms and conditions.
- Company: Join a leading UK bank committed to diversity and inclusion.
- Benefits: Generous pension, performance bonuses, 30 days holiday, and flexible working options.
- Other info: Opportunities for continuous learning and career development in a dynamic setting.
- Why this job: Shape the future of banking while making a real impact in a collaborative environment.
- Qualifications: UK qualified lawyer with experience in financial services and strong communication skills.
The predicted salary is between 60000 - 75000 £ 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.
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
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.
Benefits:
- 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!
Details:
- Employment type: Full-time
- Location: Edinburgh, Bristol, Cardiff, Chester, Halifax and Leeds
- Hours: Full-time
Senior Lawyer - Banking Products (Cash Management & Payments) in London 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 London
✨Get Involved in Law Societies
Join local law societies and attend their events – they're often a goldmine for networking and job opportunities in the legal field. Plus, it’s a great way to meet other budding lawyers and experienced solicitors who could provide vital insights and connections.
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Don’t underestimate the power of online platforms like LinkedIn and specific legal forums. Get active in discussions or share your thoughts on recent legal developments – this not only builds your visibility but also showcases your passion and knowledge in law.
✨Attend Career Fairs and Workshops
Look out for career fairs and workshops specifically focused on law. Many law firms, including LLOYDS BANKING GROUP, will be scouting for fresh talent, so bring your A-game and don’t shy away from making a memorable impression.
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We think you need these skills to ace Senior Lawyer - Banking Products (Cash Management & Payments) in London
Some tips for your application 🫡
Highlight Your Legal Knowledge:When applying for a full-time role in legal services at LLOYDS BANKING GROUP, make sure to demonstrate your understanding of key legal principles and areas of law relevant to the position. Include any specific coursework, modules, or certifications, like LPC or BPTC qualifications, that showcase your legal expertise directly on your CV.
Showcase Your Research Skills:In the legal field, strong research skills are crucial. Use your application to illustrate how you've utilised these skills in past studies or work experiences – whether that's through past internships or significant projects. Mention any legal databases or tools you’re proficient in, as this can give you an edge.
Tailor That Cover Letter!:Your cover letter is your chance to shine! Make it personal by expressing your genuine interest in LLOYDS BANKING GROUP and the specific role of Senior Lawyer - Banking Products (Cash Management & Payments). Talk about why you want to be part of their team, how your unique experiences align with their values, and why you’re passionate about the legal sector.
Stay Formal but Friendly:While we all know the legal world can be pretty formal, don’t be afraid to let a bit of personality shine through in your written application. Use a respectful tone, but feel free to inject a little warmth; this approach can help you stand out and show you're a great fit for LLOYDS BANKING GROUP’s culture!
How to prepare for a job interview at LLOYDS BANKING GROUP
✨Know Your Legal Principles
Brush up on foundational legal principles relevant to the specific area of law you’re applying for, whether it’s corporate, criminal, or family law. We might get asked situational questions to test your knowledge, so being articulate about key concepts will make you stand out.
✨Be Ready for Case Studies
Full-time legal roles often involve case studies during interviews. Prepare to analyse a hypothetical case and discuss your approach to it. Practising this with a peer or mentor can help us refine our reasoning and articulate a solid legal argument.
✨Show Off Your Research Skills
As legal professionals, strong research skills are a must. Have examples ready of how you've effectively used legal databases or conducted thorough legal research in your past experiences. It's a great way to demonstrate your readiness for the role at LLOYDS BANKING GROUP.
✨Exude Professionalism and Confidence
In the legal field, professionalism is key. During the interview, we should maintain good eye contact and communicate clearly to show that we’re not just knowledgeable, but also confident. This can make a positive impression on your potential colleagues at LLOYDS BANKING GROUP.
