Senior Legal Counsel

Senior Legal Counsel

Newcastle upon Tyne Full-Time 43200 - 72000 £ / year (est.) Home office (partial)
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Virgin Money

At a Glance

  • Tasks: Join our Legal team to provide essential legal advice and support for business banking.
  • Company: Be part of Virgin Money, now teaming up with Nationwide to create a fairer banking experience.
  • Benefits: Enjoy 38.5 days annual leave, flexible benefits, and free private medical cover from day one.
  • Other info: We value diversity and are committed to creating an inclusive workplace.
  • Why this job: Make a real impact in a dynamic environment while promoting a customer-first culture.
  • Qualifications: You need to be a qualified solicitor with experience in business lending or recovery.

The predicted salary is between 43200 - 72000 £ per year.

Business Unit: Legal & Secretariat – Business Banking Legal Team

Salary Range: Competitive

Location: Hybrid- with travel to a hub when required

Contract Type: Permanent

Our Team

We are embarking on an exciting new chapter as Virgin Money joins forces with Nationwide Building Society to create a new modern mutual driven by our purpose - Banking – but fairer, more rewarding and for the good of society. The Legal and Secretariat function is one of the first teams to integrate so it couldn’t be a more exciting time to join the team. The new Business Banking Legal team is tasked with helping the combined Group stay safe whilst it takes Virgin Money's existing offering to UK businesses and evolves it to another level. We work at the heart of a fast-paced and evolving environment, whether it is being part of the teams empowering business customers to succeed or helping leaders navigate complex issues at a portfolio level with confidence and care.

We’re looking for a senior lawyer to join a team that values trust, open dialogue, and practical solutions—and where your voice and expertise will truly make an impact.

What you’ll be doing

  • Be an engaged and proactive member of the Legal & Secretariat function.
  • Help the leadership of our Business proposition succeed by making sure their decisions are informed by timely and commercial legal advice.
  • Helping lead the design of journeys that safely support customer needs in their channel of choice.
  • Supporting our efforts to stop people using our accounts to cause harm to us and to society.
  • Provide practical support on colleague queries covering the whole business customer journey from the teaser ad on social media to the loan that helps their business grow and everything in between, including support on day to day banking as well as helping out when something doesn’t work out.
  • Liaise with external panel firms when required and effectively manage associated costs.
  • Take responsibility for your own development by seeking out activities to be involved in.
  • Role model our purpose and customer-first behaviours in the way that we deliver our advice and how you interact with your colleagues.

We need you to have

  • Appropriate credentials showing that you are a solicitor currently admitted in the UK.
  • Broad experience working (either in house or in private practice) in a business lending or recovery team in the UK.
  • The ability to get to the right answer and then communicate it in a way anyone can understand.
  • Integrity, dealing with matters sensitively and always confidentially.
  • Knowledge of the financial services regulatory environment or a desire to learn about it.
  • An appetite to get involved in opportunities outside of the day job, providing support to the broader Legal & Secretariat Function as well as playing a role in building an engaged and inclusive culture driven by our purpose.

Red Hot Rewards

  • Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more.
  • Up to five extra paid well-being days per year.
  • Market-leading pension.
  • Free private medical cover, income protection and life assurance.
  • Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.
  • And there’s no waiting around, you’ll enjoy these benefits from day one.

Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.

Be yourself at Virgin Money

We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard. As a Disability Confident Leader, we’re committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team.

It’s important to note that there may be occasions where it’s not possible to interview all candidates declaring a disability who meet the essential criteria for the job. In certain recruitment situations such as receiving a high-volume of applications, we may need to limit the overall numbers of interviews offered to both disabled and non-disabled applicants.

Now the legal bit

Our approach allows our colleagues to be based anywhere in the UK (if the role allows it), but we’ll need you to confirm you have the right to work in the UK. If you’re successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years’ worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we’ll ask for six years of regulatory references, and once in the role, you’ll be subject to periodic employment checks.

Senior Legal Counsel employer: Virgin Money

At Virgin Money, we pride ourselves on being an exceptional employer, especially for the Senior Legal Counsel role within our dynamic Business Banking Legal team. With a commitment to inclusivity and employee well-being, we offer generous benefits such as 38.5 days of annual leave, flexible working arrangements, and a market-leading pension scheme. Our culture fosters open dialogue and collaboration, providing ample opportunities for professional growth while making a meaningful impact in the financial services sector.
Virgin Money

Contact Detail:

Virgin Money Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Legal Counsel

✨Tip Number 1

Familiarise yourself with the current trends in business banking and financial regulations in the UK. This knowledge will not only help you during interviews but also demonstrate your commitment to staying informed in a rapidly evolving sector.

✨Tip Number 2

Network with professionals in the legal and banking sectors, especially those who have experience in business lending or recovery. Engaging in conversations can provide insights into the role and may even lead to referrals.

✨Tip Number 3

Prepare to discuss real-life scenarios where you've provided practical legal advice in a business context. Highlighting your problem-solving skills and ability to communicate complex legal concepts simply will set you apart.

✨Tip Number 4

Showcase your enthusiasm for contributing to an inclusive culture. Be ready to share examples of how you've fostered collaboration and engagement in previous roles, as this aligns with the values of the team you'll be joining.

We think you need these skills to ace Senior Legal Counsel

Legal Qualifications
Commercial Awareness
Experience in Business Lending or Recovery
Strong Communication Skills
Integrity and Confidentiality
Knowledge of Financial Services Regulatory Environment
Proactive Problem-Solving
Ability to Simplify Complex Legal Concepts
Stakeholder Management
Team Collaboration
Adaptability to Change
Engagement in Continuous Professional Development
Understanding of Customer Needs
Ability to Manage External Legal Firms

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in business lending or recovery, as well as your qualifications as a solicitor. Use specific examples that demonstrate your ability to provide commercial legal advice and support business decisions.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your values align with Virgin Money's purpose and how you can contribute to their mission of providing fairer banking solutions.

Showcase Your Communication Skills: Since the role requires the ability to communicate complex legal concepts clearly, include examples in your application that demonstrate your strong communication skills. This could be through previous roles where you simplified legal advice for non-legal stakeholders.

Highlight Your Commitment to Development: Mention any initiatives you've taken for your professional development, especially those related to the financial services regulatory environment. This shows your proactive approach and willingness to grow within the role.

How to prepare for a job interview at Virgin Money

✨Showcase Your Legal Expertise

Make sure to highlight your qualifications and experience as a solicitor in the UK. Be prepared to discuss specific cases or scenarios where you've provided commercial legal advice, particularly in business lending or recovery.

✨Demonstrate Your Understanding of the Financial Services Sector

Familiarise yourself with the current financial services regulatory environment. Be ready to discuss how these regulations impact business banking and how you can help navigate these complexities.

✨Emphasise Communication Skills

Since the role requires conveying complex legal concepts in an understandable way, prepare examples that showcase your ability to communicate effectively with non-legal stakeholders. This will demonstrate your capability to support leadership decisions.

✨Exhibit a Customer-First Mindset

The company values a customer-first approach, so be prepared to discuss how you've prioritised customer needs in your previous roles. Share examples of how you've contributed to creating practical solutions that benefit both the business and its customers.

Senior Legal Counsel
Virgin Money
Location: Newcastle upon Tyne
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