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- Tasks: Lead legal support for Business Banking, ensuring compliance and managing risks.
- Company: Join a leading international financial institution with a strong reputation.
- Benefits: Enjoy hybrid working options and a competitive salary package.
- Why this job: Be part of a dynamic team shaping the future of consumer banking law.
- Qualifications: Must be a fully qualified lawyer with banking or financial services experience.
- Other info: Opportunity to develop training programs and influence policy creation.
The predicted salary is between 43200 - 72000 £ per year.
Leading international financial institution is looking to hire a Senior Lawyer at Vice President level, to join their new Business Banking team – this role will be based in Glasgow with hybrid-working on offer.
Overview:
- The Business Banking team provides support and legal advice on all aspects of current and proposed products in Business Banking. The successful candidate will need the ability to work independently and flexibly, across a range of products and services, in order to identify and manage risk, and to plan for change brought by developing regulation.
Role Profile:
- 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.
- 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 actively allocated to, and adequately reflected within, the relevant policies, standards and controls.
Candidate Requirements:
- Fully qualified lawyer with a background in banking, financial services or financial services regulation.
- Ideally with some experience of working in-house with a financial services organisation.
- Displays good communication, influencing and negotiation skills.
- Technical expertise in business banking, financial services regulation and/or unsecured lending, with the ability to work across a broad set of products and sensitivity to the issues presented by a retail-facing business.
- Regulatory technical expertise in wider financial services including experience of advising on EU regulation (for example, Consumer Credit, Data Protection).
- Consistently delivers against a broad range of competing targets. Identifies and escalates non-legal as well as legal risk issues.
- Experience of contributing to the creation of policies and controls.
On Offer:
- On offer is a highly competitive salary and benefits package.
To Apply:
For a confidential discussion about this position, to request the job description or to apply, please click on the Apply Button.
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Vice President In-House Business Banking Lawyer employer: Thomson LRC
Contact Detail:
Thomson LRC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Vice President In-House Business Banking Lawyer
✨Tip Number 1
Make sure to highlight your experience in banking and financial services regulation during networking events. Connect with professionals in the industry who can provide insights or even refer you to opportunities within their organizations.
✨Tip Number 2
Stay updated on the latest changes in laws and regulations that affect consumer banking. This knowledge will not only help you in interviews but also demonstrate your proactive approach to risk management and compliance.
✨Tip Number 3
Consider joining relevant legal and financial services associations. These platforms often provide access to job postings, networking opportunities, and resources that can enhance your understanding of the industry.
✨Tip Number 4
Prepare for interviews by practicing how to articulate your experience with regulatory compliance and risk management. Be ready to discuss specific examples where you've successfully navigated complex legal issues in a business banking context.
We think you need these skills to ace Vice President In-House Business Banking Lawyer
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the key responsibilities and requirements. Tailor your application to highlight your relevant experience in banking, financial services, and regulatory compliance.
Highlight Relevant Experience: In your CV and cover letter, emphasize your background as a fully qualified lawyer with experience in business banking or financial services regulation. Provide specific examples of how you've managed legal risks and contributed to policy creation.
Showcase Communication Skills: Since the role requires good communication, influencing, and negotiation skills, include examples in your application that demonstrate these abilities. This could be through past experiences where you successfully navigated complex legal issues or collaborated with teams.
Prepare for Legal Research: Mention your ability to conduct legal research and stay updated on changes in laws and regulations. You might want to include any relevant training programs you've developed or participated in that relate to consumer banking and regulatory compliance.
How to prepare for a job interview at Thomson LRC
✨Showcase Your Legal Expertise
Be prepared to discuss your background in banking and financial services regulation. Highlight specific experiences where you provided legal advice on compliance and risk management, as this will demonstrate your technical expertise relevant to the role.
✨Demonstrate Proactive Problem-Solving
Share examples of how you've identified and managed legal risks in previous roles. Discuss any instances where you developed strategies to address regulatory changes or compliance issues, showcasing your ability to think ahead and adapt.
✨Communicate Effectively
Since good communication skills are essential for this role, practice articulating complex legal concepts in a clear and concise manner. Be ready to explain how you would educate employees on legal and regulatory requirements in a way that is easily understandable.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-world legal challenges in consumer banking. Prepare scenarios where you had to navigate legal proceedings or regulatory inquiries, and outline your approach and the outcomes.
