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For Companies At a Glance
- Tasks: Lead legal strategies for consumer banking and manage compliance risks.
- Company: Join a leading international financial services organisation with a hybrid work culture.
- Benefits: Competitive VP salary, attractive benefits package, pension, and bonus.
- Why this job: Make a real impact in consumer banking while shaping legal practices.
- Qualifications: Fully qualified UK Lawyer with consumer product and regulatory experience.
- Other info: Opportunity for career growth in a dynamic legal environment.
The predicted salary is between 48000 - 72000 £ per year.
Leading international financial services organisation is looking to hire a Retail and Private Banking Lawyer to join the company at Vice President level, working within the Non-Lending Consumer Products & Propositions team. This role can be based in Glasgow/ Manchester/ Birmingham and the role is on a hybrid basis, working 3 days a week in the office.
Role Overview
The Non-Lending Consumer Products & Propositions team sits within the wider UK Legal group and is responsible for legal advice and legal risk management as to specific business areas including: Savings, Insurance, Premier and Private Bank. To ensure that the consumer banking activities are conducted in compliance with applicable laws and regulations, and to help the bank manage legal and regulatory risks associated with these activities.
Responsibilities
- Development and implementation of best practice legal strategies for risk management and compliance.
- Proactive consumer banking legal advice and support to the consumer banking division of the bank on a wide range of legal issues, including regulatory compliance, regulatory change management, consumer protection, and risk management.
- Representation of the bank in legal proceedings related to consumer banking, such as litigation, arbitration, and regulatory enquiry and investigations.
- Creation and periodic review of legal documents in accordance with contractual arrangements policy to ensure compliance with applicable laws and regulations.
- Legal research and analysis to stay up to date on changes in laws and regulations that may impact the bank's consumer banking operations.
- Developing and delivering training programmes to educate employees on legal and regulatory requirements related to consumer banking.
- Pro-active identification, communication, and provision of legal advice on applicable laws, rules and regulations (LRRs).
- Keeping up to date with regards to changes to LRRs in the relevant coverage area.
- Ensuring that LRRs are effectively allocated to, and adequately reflected within, the relevant policies, standards and controls.
Candidate Requirements
- Fully qualified UK Lawyer with consumer product and regulatory experience.
- Ideally experience of product and proposition innovation.
- Experience of advising on insurance products or private banking preferred.
- Ability to use this experience to proactively identify new and emerging legal and regulatory risks by providing consistently excellent advice and guidance that is supported by clear rationale and justification.
On Offer
On offer is a highly competitive VP level salary and highly attractive benefits package including pension and bonus.
To Apply
For a confidential discussion about this position, to request the full job description or to apply, please click on the Apply Button.
VP Lawyer- Retail & Private Banking in Manchester employer: Thomson LRC
Contact Detail:
Thomson LRC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land VP Lawyer- Retail & Private Banking in Manchester
✨Tip Number 1
Network like a pro! Reach out to your connections in the legal and banking sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company’s recent legal challenges and successes. This shows you’re genuinely interested and ready to contribute. Plus, it gives you a chance to showcase your expertise in consumer banking law!
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with the role of VP Lawyer in Retail & Private Banking. Highlight your regulatory compliance skills and how you can help manage legal risks effectively.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace VP Lawyer- Retail & Private Banking in Manchester
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the VP Lawyer role. Highlight your experience in consumer products and regulatory compliance, as well as any relevant achievements that showcase your expertise in legal risk management.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this position. Use it to explain how your background aligns with the responsibilities outlined in the job description, especially your experience in advising on insurance products or private banking.
Showcase Your Legal Acumen: In your application, demonstrate your understanding of the legal landscape surrounding consumer banking. Mention any specific laws or regulations you’ve worked with and how you've proactively identified legal risks in past roles.
Apply Through Our Website: We encourage you to apply through our website for a seamless application process. This way, we can easily track your application and ensure it gets the attention it deserves!
How to prepare for a job interview at Thomson LRC
✨Know Your Legal Stuff
Make sure you brush up on the latest laws and regulations related to consumer banking. Be ready to discuss how these changes could impact the bank's operations and your role in managing legal risks.
✨Showcase Your Experience
Prepare specific examples from your past work that highlight your experience with consumer products and regulatory compliance. This will help demonstrate your ability to proactively identify and manage legal risks.
✨Understand the Business
Familiarise yourself with the bank's Non-Lending Consumer Products & Propositions team. Knowing their goals and challenges will allow you to tailor your answers and show how you can contribute to their success.
✨Ask Insightful Questions
Prepare thoughtful questions about the role and the team's approach to legal risk management. This shows your genuine interest in the position and helps you assess if the company is the right fit for you.
