Regulatory Lawyer - job 1 of 2

Location

This is a hybrid role, and can be based out of our Edinburgh, Manchester, Widnes or London offices. However, occasional travel for team and other colleague collaboration is to be expected.

In a nutshell

Sainsbury’s Bank are recruiting for a Financial Services Regulatory Lawyer who will be providing effective and timely legal advice on a range of specialist and complex regulatory and product law matters to Sainsbury’s Bank and Argos Financial Services (AFS).

What you need to do

· Provide targeted, commercially focussed legal advice on a broad and varied range of retail banking and insurance matters including product development, operational processes, customer claims, customer documentation and product supplier agreements

· Provide sound legal advice on banking legislation including the Consumer Credit Act 1974 (and associated regulations) and the Payment Services Regulations

· Support the Head of Regulatory and Product Law in identifying relevant legal risks and issues for the business

· Advise on the drafting and negotiation of “customer” based commercial contracts, in conjunction with the Bank’s Commercial Law team

· Provide advice to the business on relevant areas of law affecting customers, including bereavement, insolvency and power of attorneys/guardianship

· Identify legal risks and changes in legislation, regulation, regulatory approach and best practice to the business and proactively work with them to influence strategy and minimise harmful impacts

· Provide general oversight and guidance in relation to marketing, financial promotions, competitions and prize draws

· Build and maintain good working relationships with colleagues in Sainsbury’s Group Legal

What you need to show

· Qualifications in retail banking/financial services law and/or relevant experience in another FS organisation or a leading UK legal firm

· Excellent knowledge of the Consumer Credit Act 1974 and the Payment Services Regulations, and a good working knowledge of other sector-relevant legislation such as the Equality Act and the Consumer Rights Act

· Experience of drafting advice, product terms, legal correspondence and other complex documents in plain English with minimal or no supervision

· Experience of analysing legal and commercial issues in detail and being able to explain complex issues in an open and accessible manner

· The ability to work collaboratively with colleagues across Sainsbury’s Group, and with external stakeholders

· Exceptional communication skills, both written and verbal; with the ability and courage to communicate and influence at all levels

Our benefits

In addition to the all-important competitive salary, pension & bonus offering, we totally get that life outside work is important to us all. So, we want to shout out some of our other great benefits…

• We offer flexible working to help you achieve a good work/life balance.
• Opportunity to buy extra holidays is on the table.
• Discounts on your weekly shop, buying a laptop or sofa? We’ve got it covered through your Sainsbury’s, Argos and Habitat store discount card.
• Cycle to work scheme.

A little about us & our culture

We’re proud of our heritage as the UK’s first supermarket bank. As digital technology drives the banking landscape we want to be at the cutting edge of this technology, offering award-winning innovative digital banking products to our customers. Technology is where we see our growth - therefore we need innovators to join us and drive the next phase of our evolution.

We’re a friendly bunch who collectively share a passion to make our customers’ financial lives easier. As part of the wider Sainsbury’s Group, being one of the UK’s most trusted brands, it brings our colleagues a wealth of opportunities to fulfil their potential. Here, you can be part of something bigger and help to create a new approach that puts the customer at the heart of everything we do.

It’s important that our colleagues reflect the diversity of the communities we serve. Our inclusive recruitment policy means we’re committed to training and developing all our colleagues, treating everyone fairly and equally when they come and work with us.

As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check and employment references.

Job Type: Full-time

Work Location: In person