Senior Lawyer - Banking Products (Cash Management & Payments)

LLOYDS BANKING GROUP; Wales; Hybrid; GBP 111,000 - 132,000; Full time

Job summary

A leading financial institution is seeking a Senior Lawyer specializing in Banking Products, particularly in Cash Management and Payments. This hybrid role requires a UK qualified lawyer with significant experience in financial services and familiarity with regulatory frameworks. Responsibilities include advising on legal aspects of product offerings, drafting agreements, and engaging with various stakeholders to ensure compliance and risk management. A competitive salary and benefits package are offered.

Benefits

Generous pension contribution of up to 15%

Annual performance-related bonus

30 days’ holiday plus bank holidays

A range of wellbeing initiatives

Qualifications

• Significant experience in payments and transaction banking.
• Deep understanding of Payment Services Regulations and Consumer Duty.
• Experience collaborating with internal teams in a regulated environment.

Responsibilities

• Advise on legal aspects of cash management and payments solutions.
• Draft terms for new and existing products.
• Mitigate legal risk and support project delivery.

Skills

UK qualified lawyer with experience in financial services

Strong influencing and communication skills

Ability to learn and adapt to legal developments

Experience with digital assets/tokenised deposits

Education

Law degree

Job description

Job description

End date: Tuesday 20 January 2026

Salary range: £111,809 - £131,540

We're rebooting an icon and building the future of finance.

Find out why you should join us.

Agile Working Options: Job Share; Reduced Hours; Hybrid Working

JOB TITLE: 149291 Senior Lawyer - Banking Products (Cash Management & Payments)

SALARY: £111,809 - £131,540

LOCATION(S): Edinburgh, Bristol, Cardiff, Chester, Halifax and Leeds

HOURS: Full-time

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.

About this Opportunity

The role would suit someone who is legally qualified and has extensive experience in cash management and payments. This role will require a good understanding of the legal, regulatory and industry framework applicable to payments and deposits and strong experience with customer and/or business agreements. Knowledge and experience will be required of a product suite which includes deposits and accounts (current, deposit, client money and other specialist accounts), liquidity solutions (eg pooling and sweeping), receivables and payments, open banking solutions and digital channels.

The role requires someone who delivers influential insight, engages proactively with senior stakeholders, provides business friendly legal advice and operates as a subject matter specialist. The role may also include delegated line management responsibilities.

You should be confident in coaching colleagues and supporting them in embedding effective legal risk management. Thinking strategically about the operation of the team and the way legal services are used and delivered is encouraged, including exploring legal tech solutions.

Why Lloyds Banking Group

From building a truly sustainable business to creating a place where people love to work, we need colleagues who are up for the challenge of our bold ambitions. We're excited to push boundaries, make change happen and grow with purpose together.

What you’ll be doing

• Advise on the legal and regulatory aspects of cash management and payments solutions.
• Advising on and drafting terms and conditions for new and existing payables, receivables, deposits/accounts, liquidity and digital products and services.
• Advising on end to end customer journeys.
• Identity and help mitigate legal risk.
• Negotiation with customers in relation to tailored arrangements.
• Supporting business partners with tender reviews and submissions.
• Providing legal support for delivery of projects including innovation, product development, rectifications and legal and regulatory change.
• Assist with the development of policy and procedures.
• Collaborating with product, sales, relationship and delivery teams to develop and deliver new solutions or change initiatives.
• Helping to shape and influence strategy in relation to relevant areas of legal, regulatory and industry change – with specific reference to payment services.
• Working on supplier or other third party arrangements related to new or enhanced products.
• Build relationships with external stakeholders including trade associations and industry peers.
• Build and maintain positive relationships with external lawyers and internal stakeholders across legal function, the business and in other functions (eg Risk and Compliance).
• Identify knowledge gaps and deliver and organise training to team and business partners.
• Reflect on service delivery and look for continuous improvement opportunities.

What you’ll need

• UK qualified lawyer with significant experience in financial services, specifically payments and transaction banking.
• Deep understanding of Payment Services Regulations and Consumer Duty.
• Knowledge of BCOBS, KYL/AML and ringfencing.
• Experience dealing with customer and/or commercial contracts and related negotiations.
• Ability to learn and adapt to new legal and technological developments.
• Strong influencing and communication skills ideally with experience engaging regulators and industry bodies.
• Proven track record of delivering legal advice in complex, cross-functional environments.
• Experience collaborating with clients, business partners and internal teams to deliver solutions in a regulated environment.
• Knowledge of digital assets/tokenised deposits would be an advantage.
• A genuine interest in developing others and being part of a collaborative team.
• Able to independently manage busy workload / competing priorities in fast paced environment.

About working for us

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and we’re committed to creating an environment in which everyone can thrive, learn and develop.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.

We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• An annual performance-related bonus
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 30 days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

If you’re excited about being part of our team, get in touch. We’d love to hear from you!