Head of Legal
Who we are looking for
As our UK Head of Legal, you will play a crucial role in ensuring the Bank is able to properly identify, assess and manage its regulatory & legal risks as it engages with clients, suppliers and partners. Your efforts will ensure our bank remains resilient and customer-centric, delivering exceptional value to our clients while maintaining compliance with regulatory standards.
You will need to have experience in drafting and negotiating commercial contracts and assessing and advising on commercial and financial regulatory issues.
Key responsibilities will include:
- Drafting and negotiating commercial agreements with clients, partners and suppliers.
- Designing template agreements for new financial products offered by the Bank of London.
- Advising stakeholders on PRA and FCA regulation, payments related law, scheme requirements and general corporate law.
- Managing external legal suppliers.
- Establishing and updating The Bank of London’s legal policies.
What you bring
- Qualified Solicitor in England and Wales with 4+ years of experience (in-house or private practice) of financial services work, and preferably within a fintech or challenger bank.
- In-depth knowledge of payments and banking regulations, and the application of such to commercial contracts as well as of key contractual provisions.
- Strong stakeholder management skills to effectively collaborate across the business and represent the Bank of London externally, articulating our regulatory responsibilities with clarity.
- A principled and growth mindset, capable of thoroughly analysing regulations and applying insights to align the client’s regulatory framework with our own.
- High proficiency in document drafting and communication.
Work location
- London (5 days per week in the office)
Travel to other locations may be required on occasion.
Diversity
The Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.
About Bank of London
A Safer Model for Business Banking - Bank of London operates a distinct business model. Unlike traditional banks, it does not lend, invest, or leverage deposits. Instead, all deposits are held in full at the Bank of England, ensuring they are always available on demand. This eliminates the risk of ‘bank runs,’ offering businesses a safer, more secure banking alternative.
Along with its safe deposit model, Bank of London offers a comprehensive suite of services, including:
- Deposit-as-a-Service (DaaS) - with all client funds held with the Bank of England.
- Embedded Banking – allowing clients to provide banking solutions to their customers.
- Clearing, Payments, and Settlement for real-time solutions for regulated institutions.
- Commercial Banking - payment and cash management tailored to business needs.
Innovation Powered by Proprietary Technology - Bank of London’s growth is driven by its proprietary technology and portfolio of patents. In collaboration with SAP Fioneer, the bank has developed a state-of-the-art platform for real-time clearing, payments, and settlement. These innovations support key services like Deposit-as-a-Service and Embedded Banking, positioning Bank of London as a leader in financial innovation.
We aim to deliver exceptional service to both internal and external customers. Guided by our core values of compassion, ownership, and curiosity, we ensure excellence in everything we do. In this role, you'll have the independence to make meaningful decisions, backed by comprehensive support to help us achieve outstanding results together.