Legal Counsel, Commercial (Central Banking Division)
Bank of England
Commercial (Central Banking Division)
5d ago

Legal Counsel, Commercial (Central Banking Division)-(002465)

Job Posting

07-Aug-2019, 5 : 15 : 04 AM


The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.

The Bank of England is a diverse organisation. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

The Legal Directorate (LD) performs a wide-ranging legal advisory and support role for the Bank of England. It works closely with business areas across the Bank and the PRA on a wide range of key UK and international issues, covering areas such as current and prospective UK and EU legislation, banking and market operations, financial stability, prudential regulation, financial market infrastructure and resolution-

related issues, legal risk management and issues arising from the Bank’s and PRA's public status.

  • The Legal Directorate usually provides legal advice in-house, but engages external counsel as necessary. It comprises of the General Counsel and approximately 140 other staff;
  • and is supportive of part-time and flexible working.

    Alongside the General Counsel's Office, the Legal Directorate is split into five main teams :

  • Central Banking
  • Enforcement & Litigation
  • EU Withdrawal
  • Financial Stability
  • Insurance and Deposit Takers
  • We are also supported by a Strategy and Operations team.

    Department Overview

    The Central Banking Division (CBL) is comprised of around 40 lawyers plus support staff. CBL works closely with divisions across LD and provides legal advice and support to the operational areas of the Bank, particularly the Markets, Banking Payments and Innovation and Notes Directorates, and the Central Services areas of the Bank, and is a centre of excellence for legal advice on :

  • The Bank’s constitution and governance
  • Markets and Banking operations
  • Commercial contracts, procurement and intellectual property
  • Notes procurement, production and distribution
  • Data and information management (including information security, data protection and freedom of information)
  • The Bank’s financial and funding arrangements.
  • Job description

    As a Legal Counsel for this role you will be responsible for commercial legal based matters, to include :

  • Working independently, developing and applying technical knowledge and judgment to advise relevant business areas on the matters covered by those divisions on complex legal issues, ensuring that agreed outcomes and timescales are met and that legal risk is adequately identified, managed and mitigated
  • Working openly and collaboratively in teams within CBL and the Legal Directorate, and with relevant business areas and external bodies
  • Working with only limited supervision from senior lawyers, delivering viable and credible solutions to complex legal issues in a manner suited to the audience and focussed on outcomes which help the Bank to achieve its objectives
  • Routinely observing the Bank’s document and record management protocols
  • Investing time in developing your own technical knowledge to develop expertise in some or all of the above practice areas
  • Contributing to the implementation of strategic initiatives and demonstrating the Bank’s values at all times.
  • Minimum Criteria

  • Qualified lawyer, ideally with at least 5 years’ PQE
  • Commensurate experience gained in a law firm, financial institution or public body
  • Experience of advising on commercial matters
  • Essential Criteria

  • Excellent oral and written communications skills
  • Excellent legal analytical and drafting skills
  • Excellent legal risk awareness, evaluation and management skills including an ability to create solutions and deliver pragmatic outcome-
  • focussed judgements that take account of the business environment

  • Ability to work to challenging deadlines across multiple matters
  • Ability to represent views and build relationships across the Legal Directorate and with, internal and external stakeholders
  • A desire to work in some or all of the above practice areas and a willingness and the ability to develop expertise in new technical areas, and to do so quickly, seamlessly, and to a consistent high standard
  • Ability to work as part of a team or autonomously as required
  • A demonstrable interest in working for the Central Bank of the United Kingdom
  • Desirable Criteria

  • Experience in advising on technology procurements / outsourcing.
  • Qualifications

    We anonymise applications so hiring managers will not be able to see your personal information, your original CV or any covering letters when reviewing your submission.

    Please complete work history and the application form questions as requested because incomplete submissions will not be reviewed.

    The closing date for applications is Monday 09 September 2019 .

    Please apply online, ensuring that you answer the application questions, complete the work history and submit your CV.

    The base salary range commensurate for this vacancy is £60,000 to £81,000. In addition we also offer a competitive core benefits package, as well as a flexible benefits package that is currently to the value of 7% of base salary.

    This can be used to purchase additional benefits or taken as non-pensionable cash.

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