Legal Counsel - EU Withdrawal Division

24 Jul 2019
30 Aug 2019
Clearance Level
None / Undisclosed
Job Type
The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.

The Bank of England is a diverse organisation. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

The Legal Directorate (LD) performs a wide-ranging legal advisory and support role for the Bank of England. It works closely with business areas across the Bank and the PRA on a wide range of key UK and international issues, covering areas such as current and prospective UK and EU legislation, banking and market operations, financial stability, prudential regulation, financial market infrastructure and resolution-related issues, legal risk management and issues arising from the Bank's and PRA's public status.

The Legal Directorate usually provides legal advice in-house, but engages external counsel as necessary. It comprises of the General Counsel and approximately 140 other staff; and is supportive of part-time and flexible working.

Alongside the General Counsel's Office, the Legal Directorate is split into five main teams:
  • Central Banking
  • Enforcement & Litigation
  • EU Withdrawal
  • Financial Stability
  • Insurance and Deposit Takers
We are also supported by a Strategy and Operations team.

Department Overview

The work of the EU Withdrawal Division provides a unique opportunity to work on the novel and fascinating issues that are thrown up by the UK's withdrawal from the EU. We work closely with lawyers in all divisions of Legal Directorate on a 'hub and spokes model' as well as with policy, supervision, HMT and the FCA. We are split into three teams which respectively deal with (1) on-shoring the EU acquis, including the design and implementation of temporary and transitional measures; (2) matters and issues arising from withdrawal including support on the Bank's approach in relation to the Withdrawal Agreement and contingency planning for a hard exit; (3) design options and issues arising from the different approaches to a future relationship with the EU and the rest of the world, including international and World Trade Organisation law issues. The work almost always raises new and challenging issues of legal design, legal effect and legal risk and covers a substantial scope of subject areas of the work of the Legal Directorate. New entrants may choose to start in areas which draw upon existing experience, but will also have opportunities to work across the teams.

Job description

A Legal Counsel is a lawyer with experience who will:
  • Work independently, developing and applying technical knowledge and judgment to advise clients on complex legal issues, ensuring that agreed outcomes and timescales are met and that legal risk is adequately identified, managed and mitigated
  • Work openly and collaboratively in legal teams and with supervisors and policy in relation to EU Exit matters within the EUWD, more widely across LD and with external bodies such as HMT and FCA
  • Work with only light supervision from senior lawyers, delivering viable and credible solutions to complex legal issues in a manner suited to the audience and focussed on outcomes which help the Bank to achieve its objectives
  • Routinely observe the Bank's document and record management protocols
  • Invest time in developing their own technical knowledge to develop expertise in financial services. Contribute willingly to the implementation of strategic initiatives and demonstrate the Bank's values at all times.
Role Requirements

Minimum Essential Criteria
  • Qualified lawyer, ideally with at least 5 years' PQE
  • Commensurate experience gained in a law firm, financial institution or public body.
Essential Criteria
  • Excellent oral and written communications skills
  • Excellent legal analytical and drafting skills
  • Excellent legal risk awareness, evaluation and management skills including an ability to create solutions and deliver pragmatic outcome-focussed judgements that take account of the business environment
  • Ability to work to challenging deadlines across multiple matters
  • Ability to represent views and build relationships across the Legal Directorate and with, internal and external stakeholders
  • A desire to work in some or all of the above practice areas and a willingness and the ability to develop expertise in new technical areas, and to do so quickly, seamlessly, and to a consistent high standard
  • Ability to work as part of a team or autonomously as required
  • A demonstrable interest in working for the Central Bank of the United Kingdom.
Desirable Criteria
  • Experience in various disciplines such as finance, regulatory, commercial, corporate, tax, commercial litigation, insolvency or restructuring will be considered
  • An interest in or understanding or knowledge of financial markets, central bank policy and market operations
  • Some public law knowledge or experience.

We anonymise applications so hiring managers will not be able to see your personal information, your original CV or any covering letters when reviewing your submission. Please complete work history and the application form questions as requested because incomplete submissions will not be reviewed.

The closing date for applications is 30 August 2019.

Please apply online, ensuring that you answer the application questions, complete the work history and submit your CV.

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