Retail Banking Lawyer

Retail Banking Lawyer

Edinburgh Full-Time 60000 - 84000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join a dynamic team as a Retail Banking Lawyer, specialising in consumer bank lending and saving products.
  • Company: Work with a leading national financial services company based in Edinburgh.
  • Benefits: Enjoy a hybrid work model, competitive salary of £75,000, plus additional benefits.
  • Why this job: Be part of a strategic legal team that influences business decisions and customer experiences.
  • Qualifications: Must be a qualified solicitor with retail banking legal experience and strong relationship management skills.
  • Other info: This is a 12-month fixed-term contract with flexible office locations in Edinburgh or Glasgow.

The predicted salary is between 60000 - 84000 £ per year.

A leading national financial services company based in Edinburgh is looking to hire an additional Retail Banking Lawyer to join their team on a 12 month fixed term contract. The role is hybrid and can be based in Edinburgh or Glasgow with weekly attendance in the office required (2-3 days a week).

The Role

The Legal Team oversees all aspects of business and acts as strategic advisors to business colleagues. In the role of Legal Counsel, you will be specialising in consumer bank lending and saving products. You will identify and manage legal risk in delivering targeted, commercially-focused legal advice on all matters, including:

  • Product terms and conditions and associated documentation.
  • Customer journeys and communications.
  • Responding to operational, complaint and process queries as they arise.
  • Managing outsourced legal advice.

About You

  • Qualified solicitor with valid practising certificate in a UK jurisdiction (practising certificates in relevant overseas jurisdictions may be considered).
  • Retail banking legal experience either in-house or in private practice.
  • Track record of delivering pragmatic, risk-based legal advice.
  • Experience of strong relationship management (both internal and external stakeholders).
  • Experience in consumer credit and CONC would be advantageous and desirable, including for example an understanding of the FCA’s Consumer Duty. Additionally, experience in non-lending consumer banking products would be welcome but not essential.

Take the next step in your career and apply for this Retail Banking Lawyer vacancy today. We look forward to welcoming you onto the team.

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Contact Detail:

Thomson LRC Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Retail Banking Lawyer

✨Tip Number 1

Network with professionals in the retail banking and legal sectors. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture at the financial services firm you're interested in.

✨Tip Number 2

Familiarise yourself with the latest regulations and trends in consumer banking, especially around the FCA’s Consumer Duty. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.

✨Tip Number 3

Prepare to discuss specific examples of how you've managed legal risks in previous roles. Highlight your experience in delivering pragmatic, risk-based legal advice, as this is crucial for the role.

✨Tip Number 4

Showcase your relationship management skills by preparing anecdotes that illustrate your ability to work effectively with both internal and external stakeholders. This will be key in demonstrating your fit for the team.

We think you need these skills to ace Retail Banking Lawyer

Qualified Solicitor with Practising Certificate
Retail Banking Legal Experience
Pragmatic Risk-Based Legal Advice
Strong Relationship Management
Consumer Credit Knowledge
Understanding of FCA's Consumer Duty
Experience in Non-Lending Consumer Banking Products
Excellent Communication Skills
Ability to Manage Legal Risks
Knowledge of Product Terms and Conditions
Experience with Customer Journeys and Communications
Ability to Respond to Operational Queries
Experience in Managing Outsourced Legal Advice

Some tips for your application 🫡

Understand the Role: Read the job description thoroughly to understand the key responsibilities and requirements for the Retail Banking Lawyer position. Tailor your application to highlight relevant experience in consumer bank lending and saving products.

Highlight Relevant Experience: Emphasise your qualifications as a solicitor and any retail banking legal experience you have, whether in-house or in private practice. Be specific about your track record in delivering pragmatic, risk-based legal advice.

Showcase Relationship Management Skills: Demonstrate your ability to manage relationships with both internal and external stakeholders. Provide examples of how you've successfully navigated complex legal issues while maintaining strong professional connections.

Tailor Your CV and Cover Letter: Craft a tailored CV and cover letter that reflect your understanding of the role and the company. Use keywords from the job description, such as 'consumer credit', 'FCA’s Consumer Duty', and 'legal risk', to make your application stand out.

How to prepare for a job interview at Thomson LRC

✨Know Your Legal Framework

Familiarise yourself with the key regulations and frameworks governing retail banking, especially the FCA’s Consumer Duty. Being able to discuss these in detail will demonstrate your expertise and understanding of the legal landscape.

✨Showcase Your Experience

Prepare specific examples from your previous roles that highlight your experience in consumer bank lending and saving products. Discuss how you have managed legal risks and provided pragmatic advice in real-world scenarios.

✨Emphasise Relationship Management Skills

Since strong relationship management is crucial for this role, be ready to share instances where you've successfully collaborated with internal and external stakeholders. Highlight your communication skills and ability to navigate complex situations.

✨Ask Insightful Questions

Prepare thoughtful questions about the company's approach to legal challenges in retail banking. This shows your genuine interest in the role and helps you assess if the company aligns with your career goals.

Retail Banking Lawyer
Thomson LRC
Location: Edinburgh

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