Retail Banking Lawyer

Retail Banking Lawyer

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, and 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 attendance required.

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

Retail Banking Lawyer | Edinburgh | 12 month contract | Hybrid | £75,000 salary plus benefits

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.

Apply Now

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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Retail Banking Lawyer employer: Thomson LRC

Join a leading national financial services company in Edinburgh, where you will thrive in a dynamic and supportive work culture that values collaboration and professional growth. With a competitive salary of £75,000 plus benefits, this hybrid role offers the flexibility to balance your work and personal life while engaging in meaningful legal work that directly impacts consumer banking. The company is committed to fostering employee development, ensuring you have the resources and opportunities to advance your career in a vibrant city known for its rich history and culture.
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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 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 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 valid 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 Risk
Knowledge of Product Terms and Conditions
Experience in Customer Journey Documentation
Operational and Complaint Query Resolution
Ability to Manage Outsourced Legal Advice
Commercial Awareness

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your relevant experience in retail banking law. Emphasise your qualifications, particularly your practising certificate and any specific experience with consumer bank lending and saving products.

Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your track record in delivering pragmatic legal advice and your experience with internal and external stakeholders.

Highlight Relevant Skills: In your application, focus on skills that are crucial for the role, such as risk management, relationship management, and knowledge of consumer credit regulations like CONC and FCA’s Consumer Duty.

Proofread Your Application: Before submitting, carefully proofread your application to ensure there are no errors. A well-presented application reflects your attention to detail, which is vital in the legal field.

How to prepare for a job interview at Thomson LRC

✨Know Your Legal Framework

Brush up on the key regulations and legal frameworks relevant to retail banking, especially the FCA’s Consumer Duty. Being able to discuss these confidently will show your expertise and understanding of the sector.

✨Demonstrate Relationship Management Skills

Prepare examples that showcase your ability to manage relationships with both internal and external stakeholders. Highlighting past experiences where you successfully navigated complex interactions can set you apart.

✨Be Ready for Scenario-Based Questions

Expect questions that require you to think on your feet. Prepare for hypothetical scenarios related to consumer bank lending and saving products, and how you would approach legal risks in those situations.

✨Showcase Your Pragmatic Approach

Emphasise your track record of delivering pragmatic, risk-based legal advice. Be ready to discuss specific instances where your advice led to positive outcomes for the business.

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