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- Tasks: Coordinate with external advisors on legal and compliance matters for UK bank operations.
- Company: Join a leading UK bank focused on integrity and regulatory excellence.
- Benefits: Enjoy flexible working options and a supportive team environment.
- Why this job: Make a real impact in the banking sector while developing your legal expertise.
- Qualifications: Ideal for those with a keen interest in law and compliance; no prior experience required.
- Other info: Opportunity to work on diverse legal projects and gain valuable insights.
The predicted salary is between 36000 - 60000 £ per year.
Based in the Legal & Compliance department, the role focuses on coordinating with external advisors on legal, regulatory compliance, and related matters for UK bank operations.
Key Responsibilities:
- Provide guidance on routine legal and compliance matters to the business.
- Draft, review, and update compliance policies, procedures, and controls, addressing related inquiries.
- Maintain the Regulatory Correspondence Register and supporting documentation.
- Respond accurately and promptly to courts, police, DWP, liquidators, HMRC, regulators, and other enforcement agencies.
- Conduct horizon scanning and map regulations across bank functions.
- Review legal court orders and information requests monthly for the Legal & Compliance Committee.
- Deliver regulatory updates to Compliance, Business, and Operations teams.
- Advise on legal issues stemming from UK operations.
- Annually review the Legal and Conveyancing Panel, maintaining regular communication for external legal services, opinions, and litigation.
- Handle ad hoc legal matters as needed.
- Approve financial promotions.
- Oversee and monitor legal and compliance activities.
- Compile reports for senior management.
- Review outputs from third-party vendor systems.
- Undertake ad hoc Legal & Compliance projects as assigned by the Head of Legal & Compliance.
Contact Detail:
UK Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal and Compliance Specialist
✨Tip Number 1
Familiarise yourself with the latest UK banking regulations and compliance requirements. This will not only help you understand the role better but also demonstrate your commitment to staying updated in a constantly evolving legal landscape.
✨Tip Number 2
Network with professionals in the legal and compliance field, especially those working in banking. Attend industry events or join relevant online forums to gain insights and make connections that could be beneficial during the hiring process.
✨Tip Number 3
Prepare to discuss specific legal cases or compliance challenges you've encountered in previous roles. Being able to articulate your problem-solving skills and how you've navigated complex situations will set you apart from other candidates.
✨Tip Number 4
Showcase your ability to work collaboratively with various teams. Highlight experiences where you've successfully communicated legal concepts to non-legal staff, as this is crucial for the role's responsibilities in advising different departments.
We think you need these skills to ace Legal and Compliance Specialist
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Legal and Compliance Specialist. Familiarise yourself with the key tasks mentioned in the job description, such as drafting compliance policies and responding to regulatory inquiries.
Tailor Your CV: Customise your CV to highlight relevant experience in legal and compliance matters. Emphasise any previous roles where you provided guidance on legal issues or managed compliance activities, ensuring to use keywords from the job description.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your understanding of the legal and compliance landscape. Mention specific experiences that align with the job's requirements, such as handling regulatory correspondence or conducting horizon scanning.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no grammatical errors or typos, as attention to detail is crucial in legal and compliance roles. A polished application reflects your professionalism.
How to prepare for a job interview at UK Bank
✨Know Your Legal Basics
Brush up on key legal concepts and compliance regulations relevant to the banking sector. Being able to discuss these confidently will show your understanding of the role and its responsibilities.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific legal or compliance scenarios. Think through potential challenges you might face in the role and prepare structured responses that highlight your problem-solving skills.
✨Familiarise Yourself with Regulatory Bodies
Research the main regulatory bodies that govern UK banking operations, such as the FCA and PRA. Understanding their roles and recent updates will demonstrate your proactive approach and commitment to staying informed.
✨Showcase Your Communication Skills
As a Legal and Compliance Specialist, you'll need to communicate complex information clearly. Prepare examples of how you've effectively communicated legal matters to non-legal stakeholders in the past.
