In-House Regulatory/Commercial Lawyer, UK Retail Bank, Edinburgh
- Recruiter
- Thomson LRC
- Location
-
Edinburgh, City of Edinburgh
EdinburghGlasgow City
- Salary
- £Excellent + Benefits + Work/Life Balance
- Posted
- 10 Mar 2017
- Closes
- 10 Apr 2017
- Ref
- TLRC245
- Job Title
- In House Counsel
- Category
- Legal
- Contract Type
- Contract
- Hours
- Full Time
Leading UK retail bank is currently looking to hire two new in-house lawyers to join the new arm of their retail banking business, based in Edinburgh. These roles will be on initial 12 month fixed term contracts.
Role Profile:
- Supporting the Retail Banking Legal Team to provide targeted, commercially focussed regulatory legal advice to the business on product development, operational processes, consumer credit related queries, regulatory legal issues and customer documentation demonstrating an awareness of the commercial implications of their advice and the customer outcomes that will result.
- Supporting the Retail Banking Legal Team in identifying regulatory legal risks, changes and issues to the business and proactively working with the Retail Banking legal team to assist them to minimise the impacts and rectification of any such issues in a regulatory and legal compliant manner.
- Identifying and appropriately escalating high risk or complex issues to Head of Legal.
- Identify regulatory legal risks and changes in regulation, regulatory approach and best practice to the business and proactively work with them to manage strategy and minimise the impacts.
- Being the main point of contact for consumer credit related issues and queries.
Candidate Requirements:
- Qualified solicitor with ideally a minimum of 4 years PQE.
- A demonstrably thorough working knowledge of UK regulatory framework and regulated banking, coupled with an appreciation of the business needs of a retail bank.
- Must have a detailed working knowledge and experience of Consumer Credit Law or Insurance Law, with solid experience advising on at least two of the following:
Customer complaints and litigation
Retail Banking Law (inc all products the bank offers)
Financial Regulation Law (inc CONC, BCOBS etc)
Payments law
Responsible Lending
Financial Promotions
Commercial Contracts and drafting Customer Terms
Equality, good conduct and vulnerability
Working knowledge of data protections law
CAP Code and ASA Procedures
- Maintains up to date working knowledge/understanding of relevant areas of law.
- Maintains up to date knowledge of commercial developments in specialist field.
- Has a deep understanding of the retail banking world, products and services, and related main legal developments/issues relating to the role.
- Manages own time efficiently, delivering work on time according to requirements and keeping more senior colleagues up to date with developments as appropriate.
- Understands and uses IT resources to their full potential.
- Excellent team player with ability to working closely with others to deliver results.
- Proven track record of working on own initiative, with the ability to introduce fresh thinking to the role and the wider team.
- Demonstrate an ability to think and reason logically.
- Builds and maintains effective working relationships internally and externally Excellent written communication.
On offer is a highly competitive salary and benefits package and the chance to work with a leading UK retail Bank.
To request the full job description for this role, to apply or to discuss this role in confidence please contact us.
To discuss this role in confidence or to apply, please contact David Thomson, Director at Thomson Legal by completing the Apply Now details in the box below. Alternatively, please click on the Thomson Legal logo to access our recruiter profile where you can contact us directly via telephone, email or social media.