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Legal Counsel & Complaince Manager


London - City of
Not Specified
Permanent
Job Reference
249346/001

Main Responsibilities & Accountabilities:

Legal Counsel

* Sole Lawyer and first point of contact on general legal matters across the Bank.
* To keep abreast of existing and incoming predominantly EU and UK legislation and regulatory changes, analysing, reporting and implementing the changes within the business.
* Providing wide-ranging legal advice and support to the business areas across the Bank.
* Working closely with all departments in the Bank, suppliers and external legal advisers whenever necessary.
* Advising on banking agreements such as loan and security documentation, ISDAs and schedules, process agent agreements, non-disclosure agreements, netting agreements, debt issuances, outsourcing contracts, contracts with other members of the Group etc.; and producing a suite of legal templates where appropriate.
* Maintain and update a Legal Risk Monitoring Plan and produce clear and timely reports highlighting areas of improvement.
* Initiate new policies or procedures to bolster the Bank's legal risk framework, as appropriate.
* Maintain and improve Bank's legal risk procedures.
* Co-ordinate advise on and oversee the sourcing of external legal advice when necessary.
* Maintain and conduct periodic reviews of the Bank's Legal Panel.
* Prepare periodic legal risk management reports to various stakeholders such as Head Office, board of directors.
* Conduct / organise training sessions for Bank staff to improve understanding and management of legal risk in the Bank.
* Managing the Bank's litigation portfolio.
* Develop and maintain strong relationships with other departments and provide appropriate advice on legal issues. Refer issues to your Line Manager as required.
* Assist the Head of Compliance & Legal in the planning and prioritisation of legal work.
* Monitor changes to legislation and regulatory rules affecting the Bank and advise management and staff of the implications of these regulatory changes.

Compliance Manager

* Perform day-to-day reviews determined by the Compliance Monitoring Plan, produce clear and timely reports highlighting areas of improvement, and track all actions raised.
* Review and provide recommendations for the Bank's operating procedures, both manuals & actual processes, and review management information from a compliance perspective.
* Provide appropriate cross-departmental support in relation of the closing of Compliance action points.
* Provide greater support in the embedding in of Compliance policies into the business whilst maintaining operational independence.
* Encourage a more collaborative cross-departmental approach to improving compliance culture.
* Recommend improvements where appropriate and ensure that compliance manuals are kept up to date in the light of developing legislation.
* Provide bank-wide training to all staff as required and assist in identifying compliance-related training needs in the Bank.
* Develop and maintain strong relationships with other departments and provide appropriate advice on compliance issues. Refer issues to your line manager as required.
* Proactively assist the Head of Compliance & Legal in the planning and prioritisation of compliance work and provide thought-through, efficient and practical recommendations.
* Monitor changes to legislation and regulatory rules affecting the Bank and advise management and staff of the implications of these regulatory changes.
* Assist in all other tasks, periodic, ad hoc or otherwise, as directed by your Line Manager.
* Review changes to HO Compliance and AML policies / procedures and perform gap assessments and propose uplifts to applicable Bank policies, as appropriate.
* Support the Head of Compliance & Legal and MLRO on all regular and ad hoc HO reporting requirements.

Regulated Activities:

This section is to be completed for roles that will be covered by the Senior Managers and Certification Regime. N/A.

Skills Required:

* Be a qualified UK Solicitor.
* Be prepared to work in a challenging environment and be comfortable communicating with people of all levels and experience, including Senior Management, front office, external Lawyers and clients.
* Be self-motivated, approachable, able to absorb technical information and eager to both learn and coach.
* Be able to balance well the commercial interests of the Bank and the need to mitigate legal risk.
* Demonstrate up to date knowledge of the legal and regulatory (FCA/PRA) environment, relevant policy developments, awareness of global regulatory and legal developments, and have an appreciation for the approach of other legal and regulatory bodies.
* Be efficient and able to manage deadlines and prioritise work.

Skills Desired:

* Experience of working in a Compliance and / or Legal Department within a financial institution or regulator.

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