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Legal Counsel, Investments, Retail & Wealth Legal

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NatWest Group

Jan 10

Applications are closed

  • Job
    Full-time
    Senior Level
  • Legal
  • Edinburgh

Requirements

  • To be successful in this role, you’ll need experience of providing legal, regulatory and commercial advice in relation to investment products and services in the wealth and asset management industry. We’ll expect you to have knowledge of financial services regulations and practice, and the wealth and asset management industry, coupled with the ability to establish and maintain strong relationships across the bank. Experience of retail investment funds is preferable but not essential.
  • You’ll also need:
  • Experience of providing expert legal advice in the wealth and asset management industry either in-house in a private bank, wealth manager or investment manager role, or in a leading law firm in the field
  • Experience of working with leading law firms and other professional advisers and consultants
  • The ability to keep up to date with, and share relevant legal and market developments

Responsibilities

  • As a Legal Counsel, you'll manage and coordinate the delivery of legal advice, supporting our Wealth business. You’ll work closely with stakeholders and legal colleagues to ensure the timely, effective and efficient delivery of all issues, projects and initiatives, either directly or through a team.
  • Additionally, you’ll be:
  • Making sure that legal advice is readily understandable to non-lawyers, delivered within relevant timescales, and manages and minimises legal risks
  • Delivering continuous improvement in operating practices and processes, including identifying efficiencies, improvements and opportunities to reduce costs
  • Providing the communication of internal and external legal advice and helping to deliver advice and projects to stakeholders in a commercial, user friendly, and efficient manner
  • Managing legal costs through the use of e-billing, auctions, and other cost tools and driving a culture of disciplined cost management and controls

FAQs

What is the main responsibility of the Legal Counsel in this role?

The main responsibility is to manage and coordinate the delivery of legal advice, supporting the Wealth business while ensuring timely, effective, and efficient solutions to legal issues.

What specific knowledge is required for this position?

The position requires experience in providing legal, regulatory, and commercial advice related to investment products and services in the wealth and asset management industry, as well as knowledge of financial services regulations and practices.

Is experience with retail investment funds necessary for this position?

Experience with retail investment funds is preferable but not essential for this role.

Who will the Legal Counsel be working with?

The Legal Counsel will work closely with stakeholders across the bank, including legal colleagues, and will communicate with both internal and external parties.

How does this role expect the Legal Counsel to deliver legal advice?

The role expects the Legal Counsel to ensure that legal advice is readily understandable to non-lawyers, delivered within relevant timescales, and effectively manages and minimizes legal risks.

What kind of background is preferred for applicants to this role?

Applicants should have experience providing expert legal advice in the wealth and asset management industry, either in-house at a private bank, wealth manager, or investment manager, or at a leading law firm in the field.

What tools or methods are expected to be utilized for managing legal costs?

The role expects the use of e-billing, auctions, and other cost tools to manage legal costs and to promote a culture of disciplined cost management and controls.

How important is it for the Legal Counsel to stay updated on legal and market developments?

It is very important as the Legal Counsel should keep up to date with and share relevant legal and market developments.

Will there be opportunities to work on projects aimed at improving operating practices?

Yes, the role includes delivering continuous improvement in operating practices and processes, identifying efficiencies and opportunities to reduce costs.

Is previous experience working with leading law firms necessary?

While not explicitly necessary, having experience working with leading law firms and other professional advisers and consultants is beneficial for this role.

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NatWest Group

A relationship bank for a digital world. We champion potential.

Finance
Industry
10,001+
Employees
1968
Founded Year

Mission & Purpose

We’re a business that understands when our customers and people succeed, our communities succeed, and our economy thrives. As part of our purpose, we’re looking at how we can drive change for our communities in enterprise, learning and climate. As one of the leading supporters of UK business, we’re prioritising enterprise as a force of change. We’re focusing on the people and communities who have traditionally faced the highest barriers to entry and figuring out ways to remove these. Learning is also key to our continued growth as a company in an ever changing and increasingly digital world. By setting a dynamic and leading learning culture, our people prosper, and our customers are given the tools to continue to improve their financial capability and confidence. One of the biggest challenges we all face in our future is climate change. That’s why we’ve put it right at the core of our purpose. We want to champion climate solutions with financing and entrepreneurial support, fully embed climate into our culture and decision making, and be climate positive by 2025. We’re committed to using our purpose to break down barriers, drive change and ultimately create a great place to work.

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