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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 corporate culture.
- 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 engage with various stakeholders.
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 rapidly changing legal landscape.
✨Tip Number 2
Network with professionals in the legal and compliance field, especially those working in banking. Attend relevant industry events or webinars to make connections and gain insights that could be beneficial during interviews.
✨Tip Number 3
Prepare to discuss specific examples of how you've handled legal or compliance issues in the past. Be ready to explain your thought process and the outcomes, as this will showcase your practical experience and problem-solving skills.
✨Tip Number 4
Research StudySmarter's values and culture to align your responses during interviews. Understanding our mission and how it relates to the Legal & Compliance department can help you articulate why you're a great fit for the team.
We think you need these skills to ace Legal and Compliance Specialist
Some tips for your application 🫡
Understand the Role: Familiarise yourself with the responsibilities of a Legal and Compliance Specialist. Highlight your understanding of legal frameworks, compliance policies, and regulatory requirements in your application.
Tailor Your CV: Ensure your CV reflects relevant experience in legal and compliance roles. Include specific examples of how you've provided guidance on legal matters, drafted policies, or interacted with regulatory bodies.
Craft a Strong Cover Letter: Write a compelling cover letter that addresses the key responsibilities outlined in the job description. Emphasise your ability to handle legal inquiries, conduct horizon scanning, and manage compliance activities.
Showcase Communication Skills: Since the role involves liaising with various stakeholders, demonstrate your strong communication skills. Provide examples of how you've effectively communicated complex legal information to non-legal audiences.
How to prepare for a job interview at UK Bank
✨Understand the Legal Landscape
Familiarise yourself with the current legal and regulatory environment in the UK banking sector. Be prepared to discuss recent changes in legislation and how they might impact compliance practices.
✨Showcase Your Analytical Skills
Highlight your ability to analyse complex legal documents and compliance policies. Prepare examples of how you've successfully navigated legal challenges or improved compliance processes in previous roles.
✨Demonstrate Communication Proficiency
As a Legal and Compliance Specialist, clear communication is key. Be ready to explain how you would convey complex legal information to non-legal stakeholders, ensuring everyone understands their responsibilities.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in real-world situations. Think about past experiences where you had to respond to regulatory inquiries or manage compliance issues, and be ready to share those stories.
