Lawyer - Markets Infrastructure

  • GBP63765 - GBP84304 per annum + Benefits
  • London, England, United Kingdom
  • Permanent, Full time
  • Lloyds Banking Group
  • 26 Sep 16

Here at Lloyds Banking Group we are recruiting a Lawyer Markets Infrastructure role which can be based in London, Bristol and Edinburgh - wherever is preferable for you.

Our vision is to make Lloyds Banking Group the best bank for customers. As the UK's largest retail and commercial bank, we have a footprint that touches nearly every community and household in the UK. That gives us a big responsibility to support the UK economy, and to put customers at the heart of everything we do. To achieve this, we also need to be the best bank for our colleagues and our communities - and we have a clear strategy in place to make this a reality. We are building on our many strengths: iconic brands, strong heritages and great people. To unlock the great potential in our business, we are becoming more efficient, more transparent, and more responsive to customers. Already the UK's largest community investor, we are giving even more back. Above all, we are putting customers first.



Through our brands, our Group has a relationship with just about every household and community in the UK. We underpin the lives of millions of individuals and businesses, and play a key role in helping to create a thriving UK economy.

We build the best teams at every level - we're all responsible for the long-term success of the company, through our individual roles, activities and achievements.

As the Lawyer, Markets Infrastructure you will work within the Traded Products Legal Team. You will have a role that matters, providing insightful, high quality output, advice and guidance tailored to a range of stakeholder needs and to the Legal community across the Group. As a functional specialist you will provide advice and guidance around the OTC clearing membership agreements and applications, including reviews of rules for various exchanges and clearing houses such as ICE Clear Europe and LCH, in particular, advising on legal and risk management structure and the default management process. This will also include advising in relation to various client clearing and execution documentation and client asset segregation, netting and collateral enforcement issues.

Your key accountabilities for this role will include acting as a source of professional expertise, providing professional advice as a trusted advisor to stakeholders and assisting with the development of policy and procedures. You will provide Legal technical input to support the delivery of projects, product developments and transactions with a significant impact across the Group, Commercial Banking or the Financial Markets Business Unit - you may manage appropriate resource to meet business needs.

You will build and maintain external and internal network and relationships to provide appropriate professional advice to achieve the Group's objectives, including representation on industry forums whilst positively influencing others by demonstrating core Lloyds Banking Group values and behaviours. Where appropriate you will manage, develop and motivate colleagues to support a high performing team.

You will provide advice and guidance to business areas on Legal Risk Management using the relevant risk management policy framework and manage self in the context of relevant risk policies and frameworks. In addition, you will contribute to reporting and escalation of legal or governance issues within own / supported area, inputting to recommended solutions as required whilst supporting agreed change projects to deliver continuous improvement. A key part of your role will involve positively influencing the appropriate use of Legal Panel arrangements by supported/own area, in particular the selection, instruction and supervision of panel law firms and managing expectations.

You will also have the opportunity to deputise for Senior Lawyers and Senior Managers and influence a range of stakeholders as you will have the opportunity to be involved with complex projects, products & transactions in terms of scale, scope and specialism which could potentially involve leading on specific projects or reviews.

To be successful in the role you will be a qualified lawyer, UK or common law overseas, with experience working within Traded Products and Clearing House processes, default scenario's and understanding how exchanges work. Having a good appreciation of the regulatory framework applying to financial markets is key, as is a working knowledge of the key financial markets regulations, e.g. EMIR / Dodd/Frank / MIFIDII and MAR.

Our strategy for achieving our vision is based around three priorities - creating the best customer experience, becoming simpler and more efficient, and delivering sustainable growth. Everyone in the Group is working to build a stronger, more responsible business that will stand out by meeting the needs of families, businesses and communities across the UK.

Here you will find opportunities to grow your career whilst supporting the Group to achieve a purpose you can be really proud of. If you want to be stretched and fulfilled, we will help you build the career that will make a difference to you and our customers.

If this role sounds of interest and you've the technical and personal skills we're seeking then we'd like to hear from you

In return, we offer a highly competitive reward package - based on acting responsibly, and demonstrating our values and ethics. Our package includes an on target discretionary performance-related bonus, 4% of your salary paid to you in flex cash, car allowance, 30 days holiday (plus bank holidays) private health cover, share schemes and a generous pension contribution along with colleague products and discounts.