Senior Lawyer – Banking Products (Cash Management & Payments)
Join Lloyds Banking Group as a Senior Lawyer in the Banking Products team within Business & Commercial Banking (BCB) and Corporate & Institutional Banking (CIB) Legal, supporting the cash management and payments business.
Job Title: 149291 Senior Lawyer – Banking Products (Cash Management & Payments)
Location(s): Edinburgh, Bristol, Cardiff, Chester, Halifax and Leeds
Hours: Full-time
Working Pattern: Hybrid – at least two days per week (40%) at one of our office sites.
About this Opportunity
The role requires a legally qualified lawyer with extensive experience in cash management and payments. You will need a deep understanding of the legal, regulatory and industry framework for payments and deposits, and experience with customer/supplier agreements. Knowledge of deposits and accounts, liquidity solutions, receivables and payments, open banking solutions, and digital channels is essential.
Key Responsibilities
- Advise on the legal and regulatory aspects of cash management and payments solutions.
- Draft terms and conditions for payables, receivables, deposits/accounts, liquidity and digital products and services.
- Provide end‑to‑end advice on customer journeys and mitigate legal risk.
- Negotiate tailored arrangements with customers.
- Support business partners with tender reviews and submissions.
- Provide legal support for delivery of projects, product development, rectifications and regulatory change.
- Assist in developing policy and procedures.
- Collaborate with product, sales, relationship and delivery teams to develop and deliver new solutions.
- Shape and influence strategy on legal, regulatory and industry change, especially payment services.
- Handle supplier or third‑party arrangements for new or enhanced products.
- Build relationships with external stakeholders, trade associations, industry peers, and external lawyers.
- Identify knowledge gaps and deliver training to the team and business partners.
- Review service delivery and seek continuous improvement opportunities.
Required Qualifications & Experience
- UK qualified lawyer with significant experience in financial services, specifically payments and transaction banking.
- Deep understanding of Payment Services Regulations, Consumer Duty, BCOBS, KYL/AML and ringfencing.
- Experience with customer/commercial contracts and negotiations.
- Ability to learn and adapt to new legal and technological developments.
- Strong influencing and communication skills; experience engaging regulators and industry bodies.
- Track record of delivering legal advice in complex, cross‑functional environments.
- Experience collaborating with clients, business partners and internal teams in a regulated environment.
- Knowledge of digital assets/tokenised deposits is an advantage.
- Interest in developing others and working collaboratively.
- Ability to manage a busy workload and competing priorities in a fast‑paced environment.
What We Offer
We are committed to diversity, equity and inclusion, providing a supportive environment for all employees. Benefits include: generous pension contributions, annual performance‑related bonus, share schemes, wellbeing initiatives, parental leave policies, 30 days holiday plus bank holidays, and a flexible working pattern.
Ready to join a collaborative team that delivers innovative transaction banking products? We’d love to hear from you!
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