Senior Lawyer (Merchant Services , Banking Products Legal)

• We’re looking for a Senior Lawyer to join the Banking Products team in Business and Commercial Banking and Corporate and Institutional Banking Legal
• 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 getaways, 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 on-boarding, 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
• 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
• 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 related to customised agreements
• Advise on and draft terms and conditions for contracts relates 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

Benefits

• A generous holiday allowance: You’ll be eligible for a minimum of 22 days holiday (excluding bank holidays), rising to 30 days based on length of service and grade.
• A flexible way of working: Whether you want flexibility over your location or when you log on, together we can create an approach that works for you and for the business.
• Family leave: Up to 63 weeks of maternity or adoption leave. Statutory maternity or adoption pay is available for 39 weeks, and 20 weeks will be enhanced to the equivalent of full pay. Partners can have six weeks of fully paid paternity leave.
• Flex cash: This is 4% of your basic salary and can be used to spend on the benefits of your choice, or you can choose to take it as a cash top up in your monthly salary.
• Health insurance: Our company funded Private Medical Benefit provides all colleagues with access to good quality medical care, including accommodation, nursing care and specialist advice.
• Colleague Offers: Get discounts on everything from electrical items to cinema tickets and weekly food shopping. You can share this benefit with up to ten family members or friends.
• Financial products: Take advantage of our great financial products, some at a discounted rate, including current accounts, home and car insurance and loans.
• Share plans: Participate in Sharematch and receive matching shares of up to £45 a month from the company, and you can choose to participate in Sharesave, our combined savings and share option plan.
• Pension: We offer a generous pension plan, with all joiners being automatically enrolled in our ‘Your Tomorrow’ scheme. You can decide how much you save and get a say in where your contributions are invested.

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 responsibilitiesBrings enthusiasm and curiosity to the roleCan stay on top of and share regulatory, industry and legal change with our team and businessExperience in developing and coaching othersQualified 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 servicesPeople orientatedHelps identify, mitigate and control legal risk weaknessConfident in using your experience and insights to influence, advise and challenge business partnersAble to manage your own workload priorities and support more junior colleagues to do the sameDemonstrates commitment to self-development and the development of colleaguesAble to build strong collaborative relationships across Legal and Secretariat and the business to support delivery of strategyWhilst 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