Treasury Lawyer - Derivatives

Nationwide; Greater London; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A leading mutual financial institution in Greater London is seeking a Treasury Lawyer to provide strategic legal guidance on derivatives and repo transactions. The role includes managing documentation, navigating UK regulations, and advising on debt issuance. The position supports a hybrid working model, fostering collaborations within the Treasury team and other internal stakeholders. Candidates should be solicitors qualified in England & Wales with experience in financial services or law firms specializing in derivatives law.

Benefits

25 days holiday, pro rata

Private medical insurance

Competitive pension plan

Annual performance-related bonus

Training and development opportunities

Qualifications

• Proficient in managing derivatives documentation.
• Ability to consult on regulatory updates.
• Skills in building relationships with stakeholders.

Responsibilities

• Provide legal advice on derivatives and repo transactions.
• Support debt issuance and programme maintenance.
• Monitor changes in legislation and regulation.

Skills

Experience in derivatives law

Strong negotiation skills

Knowledge of UK EMIR regulations

Education

Solicitor qualified in England & Wales

Job description

Job Description

We are looking for a highly motivated, commercially focused derivatives lawyer to join our Treasury Legal team reporting into the General Counsel - Treasury. This is an important role which will play a key part in helping ensure that Nationwide achieves its strategic objectives. For us, it's not just about having the right technical expertise. You also need to be able to get things done, work collaboratively and be driven to learn and succeed.

As a lawyer in the Treasury Legal team, you'll support and deliver legal advice to the various teams within the Treasury function as well as to Business Banking in relation to their offering of hedging products. While the precise scope of the role will vary depending on Treasury demand and team resourcing there will be a number of key focus areas.

You will be required to manage, negotiate and advise on derivatives documentation and transactions including all aspects of ISDA documentation, clearing arrangements and initial margin agreements. The same will also be expected with repo documentation and transactions.

Reviewing and maintaining appropriate processes relating to ISDA/ICMA netting and collateral opinions will also be a key aspect of this role, and you'll be required to give your advice on UK EMIR and other relevant derivatives regulation and market practices.

Beyond this, managing and advising on derivatives aspects of secured funding programmes and of course, building strong and enduring relationships with internal clients and stakeholders will be expected. This will include external counsel and market participants.

In addition, you are likely to be assisting in managing programmatic debt issuance (both secured and unsecured) and standalone transactions listed across a range of UK and offshore exchanges.

You will also keep an eye on what's on the horizon by monitoring any changes in legislation, regulation and the wider market. Using that knowledge and insight you'll help shape our processes and ensure our policies and procedures evolve in line with changing requirements, working with others to anticipate where future legal problems and issues are most likely to arise and to devise effective controls to mitigate them.

The Treasury Legal team sits on the Treasury front office trading floor which allows us to be in close communication with our clients and stakeholders, whilst also forming a core part of the Legal and Secretariat function.

At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.

For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, based at our London office. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here.

Nationwide is committed to the redeployment of our employees impacted by change, as such applications for redeployment candidates will be prioritised in this recruitment process.

If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.

Responsibilities

What you'll be doing

You'll use your expertise to provide strategic legal advice and support on all aspects of derivatives and repo documentation and transactions and regulation. You will use your expertise to consult and deliver on longer term projects involving regulatory updates, changes to our operating procedures and provide advice to our investor relations and sustainability teams. You may also assist in debt issuance, programme maintenance and other aspects of securities issuance.

About you

• Be a solicitor qualified in England & Wales with excellent academic credentials
• Have experience in an in-house role within financial services or experience at a reputable law firm doing derivatives work
• Be adept in bank/building society treasury activities and the commercial and regulatory environment within which we operate
• Have knowledge and experience of derivatives and repo documentation and related regulation as well as debt issuance documentation and market practice and of the listing and disclosure rules for the London Stock Exchange
• Be able to recognise issues of strategic, legal or reputational importance and assess how they should be resolved
• Have the interpersonal skills to build and establish strong relationships with stakeholders and become a trusted advisor providing concise, commercial, balanced and timely legal advice

Our customer first behaviours put customers and members at the heart of how we work together. They are the set of behaviours that every colleague needs to display, in every role:

• Feel what customers feel - We step into our customers' shoes, using their feedback and insights to empathise with them and to understand their needs, so that every decision we make starts and finishes with our customers in mind
• Say it straight - We are brave in speaking out and saying what we think - we're honest and direct with good intent, openly sharing diverse perspectives to reach the best conclusions and using language everyone can understand
• Push for better - We don't settle for mediocrity, we challenge the status quo, taking responsibility for continuous improvement and personal development
• Get it done - We prioritise what will have the greatest impact, we are decisive, and we take accountability for delivering brilliant customer outcomes

You can strengthen your application by showing how our customer first behaviours resonate with you, and where you may have already demonstrated these.

Qualifications

The extras you'll get

• 25 days holiday, pro rata
• From January 2026, all Nationwide colleagues will benefit from private medical insurance
• A highly competitive pension to help you build a strong foundation for retirement
• Access to an annual performance related bonus
• Training and development to help you progress your career
• A great selection of additional benefits through our salary sacrifice scheme
• Life assurance to provide peace of mind for you and your loved ones in the event of your death.
• Wellhub - access to a range of free and paid options for health and wellness
• Up to 2 days of paid volunteering a year

Banking - but fairer, more rewarding, and for the good of society

We forge our own path at Nationwide.

As a mutual, we're owned by our members - those customers who bank, save or have a mortgage with us.

We challenge the financial sector status quo. We don't see customers as the engine of our own profit. We share our profits with them and put their needs first. Always there when they need us. Supporting them and their lives.

If you're inspired by fairer finances, passionate about making a meaningful impact, and truly care about our customers, you're one of us.

At Nationwide, you are challenged to grow and rewarded for doing so. Valued. Recognised. Inspired to be your best. As a community we want our working lives to count. As a team, we celebrate what we achieve. As a standard-setter, we work for the good of customers, communities, and broader society.

We are purpose-driven. Uncompromisingly customer. Unstoppably Nationwide.

What to do next

If this role is for you, please click the 'Apply Now' button. You'll need to attach your up-to-date CV and answer a few quick questions for us.

We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.

If you are successful in this role your internal job title will be 'Treasury Lawyer'.