Legal Counsel - Banking/Financial Services Regulatory

Lusona Consultancy (Financial) Limited; City of Edinburgh; Hybrid; GBP 150,000 - 200,000; Full time

Job summary

A leading UK financial institution in Edinburgh is seeking a Legal Counsel to provide legal guidance in payments and retail banking. The candidate should have experience in banking law, a proven ability to manage legal risks, and a background in open banking. This role offers a competitive package and the opportunity to work in a collaborative environment.

Benefits

Competitive package

Flexible work environment

Career progression opportunities

Qualifications

• Post-qualified legal experience, ideally in-house or from a top-tier UK law firm.
• Strong knowledge of banking law or financial services regulation.
• Experience with open banking, transaction banking, and retail banking legal frameworks.

Responsibilities

• Provide expert legal advice on payments and retail banking initiatives.
• Support strategic projects and regulatory compliance efforts.
• Collaborate with internal teams and external legal advisors.
• Drive cost-effective legal solutions using modern tools and practices.

Skills

Post-qualified legal experience

Strong knowledge of banking law

Experience with open banking

Ability to simplify complex legal issues

Proven track record of managing legal risk

Job description

Legal Counsel – Everyday Banking/Regulatory | Hybrid | Competitive Package

Location:Edinburgh
Contract Type:Permanent
Hours:35 per week
Salary:Highly competitive + benefits

Are you a strategic legal professional with a passion for financial services regulations? An exciting opportunity has arisen with a leading UK financial institution for aLegal Counselto join their dynamic team supporting payments and retail banking operations.

About the Role:

You’ll play a pivotal role in delivering legal and regulatory advice across payments and customer journeys in retail and wealth business areas. This is a high-impact position where you’ll work closely with senior stakeholders and external partners, ensuring legal guidance is clear, timely, and commercially sound.

What You’ll Bring:

• Post-qualified legal experience, ideally in-house or from a top-tier UK law firm.

• Strong knowledge ofbanking laworfinancial services regulation

• Experience withopen banking,transaction banking, andretail bankinglegal frameworks.

• Ability to simplify complex legal issues for non-legal stakeholders.

• Proven track record of managing legal risk and driving process improvements.

Key Responsibilities:

• Provide expert legal advice on payments and retail banking initiatives.

• Support strategic projects and regulatory compliance efforts.

• Collaborate with internal teams and external legal advisors.

• Drive cost-effective legal solutions using modern tools and practices.

Why Apply?

• Join a forward-thinking, flexible and friendly legal team.

• Work on cutting-edge legal issues in the evolving payments landscape.

• Be part of a collaborative and inclusive culture with real career progression.

To find out more, please contact Jill Cowan on 07931 811 330 or email [e-mail]