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Counsel, Funds and Direct Investment

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British Business Bank

1mo ago

  • Job
    Full-time
    Mid Level
  • Legal
  • London

AI generated summary

  • You need 4+ years PQE with funds transactions experience, strong technical and transactional skills, knowledge of fund products, and the ability to work with business leads and manage counsel.
  • You will provide legal support for funds transactions, advise on financial regulation, manage external counsel, and contribute to team training and know-how.

Requirements

  • Minimum of 4 years+ PQE
  • Established post qualification experience ideally with some in-house experience advising on and managing funds transactions in the financial services/asset management space
  • Excellent technical skills are essential
  • Knowledge of a range of products within the funds space, including debt and venture, private closed ended and publicly listed, foreign and domestic funds structures
  • Experience of acting for institutional investors with a similar profile to the Bank would be a distinct advantage
  • Strong transactional skills
  • Experience of working with front line business leads essential
  • Managing external legal counsel would also be highly desirable
  • Technical expertise in financial regulation advisory, both supporting due diligence and investment structures in transactional work as well as advising on the Bank’s own activities
  • Knowledge of one or more of state aid, public law, freedom of information, data protection, judicial review, procurement law would be an advantage
  • General commercial legal skills, including an ability to handle non-funds legal work in an in-house environment would be beneficial
  • Candidates applying from private practice roles will also be considered provided they can demonstrate a genuine ability to adapt to an in-house environment

Responsibilities

  • This role will provide legal support to a number of product areas covering a broad range of funds-based transactions and support the activities of the wider Legal and Governance team.
  • The role will focus primarily on supporting fund investment programmes across BBB including transactions in private closed ended debt funds and venture capital funds, funds-of-funds, listed funds, and non-regulated investment vehicles funded by private and public sources of finance.
  • You will also advise on financial regulation and provide general commercial advice in an in-house financial services context.
  • You will be required to manage external counsel and legal fees and all members of the legal team are required to contribute to know-how and training.

FAQs

Do we support remote work?

Yes, we support remote work in a hybrid format, with the expectation to attend the office 2 days per week.

What is the required experience for this position?

Candidates should have a minimum of 4 years post-qualification experience (PQE), ideally with some in-house experience advising on and managing funds transactions in the financial services/asset management space.

What are the office locations for this role?

The role can be based in either Sheffield or London.

What are the working hours for this position?

The position is full-time at 37.5 hours per week, with flexible days and/or hours from Monday to Friday.

What is included in the salary package?

The salary is competitive, and while there is no pay increase for same band internal moves, there are numerous attractive benefits included.

What benefits does the company offer?

The company offers 30 days of annual leave plus bank holidays, a 15% employer pension contribution, flexible working options, a cycle to work scheme, healthcare cash plan, paid voluntary days, and various discounts on health, wellbeing, and lifestyle.

Is there a training component in this role?

Yes, all members of the legal team are required to contribute to know-how and training.

What legal areas should candidates be knowledgeable about?

Candidates should have technical expertise in financial regulation advisory, as well as knowledge in areas such as state aid, public law, freedom of information, data protection, judicial review, and procurement law would be advantageous.

Can candidates from private practice apply for this position?

Yes, candidates applying from private practice roles will be considered, provided they can demonstrate a genuine ability to adapt to an in-house environment.

How does the British Business Bank promote diversity?

The British Business Bank encourages applications from individuals with varied experiences and backgrounds, aiming to represent the communities they serve and believing that different perspectives make them stronger.

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British Business Bank

Government-owned business development bank dedicated to making finance markets work better for smaller businesses

Finance
Industry
201-500
Employees
2014
Founded Year

Mission & Purpose

The British Business Bank is a government-owned development bank. Our mission is to make finance markets work effectively so smaller businesses can prosper, grow and build UK economic activity. We design, deliver and manage finance programmes for the UK government to increase the supply of finance to smaller businesses. We do not lend directly but work with over 180 delivery partners to address existing gaps in the market. Our programmes were supporting more than 92,000 companies with more than £8.1bn of finance at the end of December 2020. We have created a best-in-class Finance Hub to raise awareness of the finance options available to UK businesses. It offers independent, government-backed information and support for growing businesses. The British Business Bank is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).