At a Glance
- Tasks: Review and negotiate ICT contracts, ensuring compliance and managing vendor relationships.
- Company: Leading banking institution with a focus on innovation and technology.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborate globally and work on impactful projects in a fast-paced environment.
- Why this job: Join a dynamic team shaping the future of banking through technology and compliance.
- Qualifications: Qualified lawyer with 5-8 years of ICT contract experience and strong negotiation skills.
The predicted salary is between 63000 - 77000 £ per year.
Key accountabilities and responsibilities
- Review and remediate existing software supplier agreements, focusing on a software asset management programme covering reseller agreements, end-user licence agreements (EULAs) and related master services agreements (MSAs).
- Identify gaps, agree priorities with IT Asset Management and Procurement, and negotiate revised or replacement terms through to signature.
- Advise on software licensing and vendor risk, reviewing software usage and audit rights, compliance obligations, liability, information security and data protection.
- Keep stakeholders updated on progress and escape material risks.
- Draft and negotiate technology, operations and procurement contracts across EMEA, covering SaaS, cloud services, software and data licensing, ICT consultancy, outsourcing and intra-group services.
- Work directly with strategic vendors, including suppliers supporting critical or important outsourced functions.
- Apply regulatory requirements to third-party and intra-group arrangements, partnering with Procurement, Third Party Management, IT, Operations and Data Privacy to assess applicable requirements and translate them into practical contract terms.
- The work would span DORA, UK and EBA outsourcing requirements, GDPR, cybersecurity and the EU AI Act.
- Manage a busy portfolio of around 20-30 live matters, balancing day-to-day contract negotiations and vendor disputes with longer-term projects on operational resilience, third-party governance and AI-enabled services.
- Improve how supplier contracts are reviewed and managed by developing templates, negotiation playbooks and guidance, training internal teams where needed, and advising on changes to policies and procedures as regulations evolve.
- Support cross-border projects and global supplier arrangements, collaborating with legal and business teams across EMEA and colleagues in APAC and the Americas on group-wide matters.
Key knowledge, skills and experience
- Qualified lawyer with hands-on ICT contracts experience, typically around 5-8 years' post-qualification experience, including at least three years drafting, advising on and negotiating ICT contracts in private practice or in-house.
- Recent experience leading vendor negotiations and taking ownership of complex agreements, negotiating directly with suppliers and managing contracts through approvals to signature.
- Software licensing and remediation experience, particularly relevant to the initial project.
- Broad technology and commercial contracting experience, with a track record across SaaS, cloud, ICT outsourcing, consultancy and strategic supplier agreements, grounded in commercial and procurement law, intellectual property, data licensing, privacy and cybersecurity.
- Knowledge of third-party risk and operational resilience, with familiarity with DORA, UK and EBA outsourcing requirements and the EU AI Act.
- Experience applying these frameworks to supplier contracts or remediation in financial services would be particularly valuable.
- Strong drafting, negotiation and stakeholder skills, able to explain complex legal risks clearly, work independently and prioritise competing matters in a high-volume environment.
Desirable experience
- Cross-border contracting, working with global legal teams, knowledge of banking products and financial services regulation, and experience advising on AI-enabled services, model risk or AI governance.
Legal Counsel - ICT Contract Specialist - Banking (VP) in London employer: Venn Group
As a leading university in London, we pride ourselves on fostering a supportive and inclusive work environment that values collaboration and professional growth. Our Governance & Legal Services team is dedicated to service excellence, offering employees the chance to engage in meaningful work while benefiting from hybrid working options and continuous improvement initiatives. Join us to be part of a culture that prioritises accuracy, professionalism, and the development of your career in higher education.
StudySmarter Expert Advice🤫
We think this is how you could land Legal Counsel - ICT Contract Specialist - Banking (VP) in London
✨Get Involved in Law Societies
Join local law societies and attend their events – they're often a goldmine for networking and job opportunities in the legal field. Plus, it’s a great way to meet other budding lawyers and experienced solicitors who could provide vital insights and connections.
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Don’t underestimate the power of online platforms like LinkedIn and specific legal forums. Get active in discussions or share your thoughts on recent legal developments – this not only builds your visibility but also showcases your passion and knowledge in law.
✨Attend Career Fairs and Workshops
Look out for career fairs and workshops specifically focused on law. Many law firms, including Venn Group, will be scouting for fresh talent, so bring your A-game and don’t shy away from making a memorable impression.
✨Leverage Your University’s Career Services
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We think you need these skills to ace Legal Counsel - ICT Contract Specialist - Banking (VP) in London
Some tips for your application 🫡
Highlight Your Legal Knowledge:When applying for a full-time role in legal services at Venn Group, make sure to demonstrate your understanding of key legal principles and areas of law relevant to the position. Include any specific coursework, modules, or certifications, like LPC or BPTC qualifications, that showcase your legal expertise directly on your CV.
Showcase Your Research Skills:In the legal field, strong research skills are crucial. Use your application to illustrate how you've utilised these skills in past studies or work experiences – whether that's through past internships or significant projects. Mention any legal databases or tools you’re proficient in, as this can give you an edge.
Tailor That Cover Letter!:Your cover letter is your chance to shine! Make it personal by expressing your genuine interest in Venn Group and the specific role of Legal Counsel - ICT Contract Specialist - Banking (VP). Talk about why you want to be part of their team, how your unique experiences align with their values, and why you’re passionate about the legal sector.
Stay Formal but Friendly:While we all know the legal world can be pretty formal, don’t be afraid to let a bit of personality shine through in your written application. Use a respectful tone, but feel free to inject a little warmth; this approach can help you stand out and show you're a great fit for Venn Group’s culture!
How to prepare for a job interview at Venn Group
✨Know Your Legal Principles
Brush up on foundational legal principles relevant to the specific area of law you’re applying for, whether it’s corporate, criminal, or family law. We might get asked situational questions to test your knowledge, so being articulate about key concepts will make you stand out.
✨Be Ready for Case Studies
Full-time legal roles often involve case studies during interviews. Prepare to analyse a hypothetical case and discuss your approach to it. Practising this with a peer or mentor can help us refine our reasoning and articulate a solid legal argument.
✨Show Off Your Research Skills
As legal professionals, strong research skills are a must. Have examples ready of how you've effectively used legal databases or conducted thorough legal research in your past experiences. It's a great way to demonstrate your readiness for the role at Venn Group.
✨Exude Professionalism and Confidence
In the legal field, professionalism is key. During the interview, we should maintain good eye contact and communicate clearly to show that we’re not just knowledgeable, but also confident. This can make a positive impression on your potential colleagues at Venn Group.
