Deputy Head of Legal - Central Banking Division (12 Months Fixed Term Contract)

Location
UK-ENG-London
Salary
Competitive
Posted
07 Aug 2019
Closes
09 Sep 2019
Ref
002473
Clearance Level
None / Undisclosed
Sector
Legal
Job Type
Permanent
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 and Litigation
  • EU Withdrawal
  • Financial Stability
  • Insurance and Deposit Takers
We are also supported by a Strategy and Operations team.

Department Overview

The Central Banking Division (CBL) is comprised of around 40 lawyers plus support staff. CBL works closely with divisions across LD and provides legal advice and support to the operational areas of the Bank, particularly the Markets, Banking Payments and Innovation and Notes Directorates, and the Central Services areas of the Bank, and is a centre of excellence for legal advice on:
  • The Bank's constitution and governance
  • Markets and Banking operations
  • Commercial contracts, procurement and intellectual property
  • Notes procurement, production and distribution
  • Data and information management (including information security, data protection and freedom of information);
  • The Bank's financial and funding arrangements.
Job description

This is a people management role. You will be responsible for day to day management of the team and for defining roles and responsibilities. You will develop your team through sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area's aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness.

This is opportunity is for a lawyer to join the Central Banking Division (CBL) of the Bank's Legal Directorate as a Deputy Head of Legal (DHoL) on a 12 month FTC, with a particular commercial and corporate focus in order to provide parental leave cover.

You will act as a senior legal adviser in relation to the Division's work, particularly its commercial work, and also provide high-quality, dedicated line management to up to 4 lawyers, ensuring excellence in the provision of legal advice within the Division. You will also contribute effectively and significantly to Divisional management, with a focus on risk mitigation, quality assurance of output and work prioritisation and allocation. Another key aspect of the role will be to deputise for the Head of Legal in representing the Division within the Bank and externally.

In addition you will also esponsible for:
  • Acting as a lead legal adviser and senior lawyer on issues relating to the Central Services areas and Markets, Banking Payments Innovation and Notes Directorates of the Bank
  • Playing an active part in divisional management alongside other members of the CBL management team. This includes driving forward activities designed to implement and embed the new CBL, and take forward its mission and vision efficiently and effectively; both by leading some activities and supporting and encouraging team members to lead others
  • Continuing to promote and implement relevant outputs of the One LD strategy across LD and within CBL in a timely way and role modelling the Bank's values at all times
  • Maintaining and seeking opportunities to enhance day to day relations with relevant business areas
  • Working with the CBL management team to:
    • Plan and allocate work and responsibilities in order to meet client needs and the development needs of the division's members
    • Ensure CBL's legal advice and outputs meet the appropriate standards of excellence; and
    • Implement a continuous improvement approach to improving the productively of the division
Number of direct reports: 4

Role Requirements

Minimum Criteria
  • An experienced and qualified lawyer with experience including in advising on commercial matters
  • Experience in providing advice to senior internal decision-makers, Heads of Legal, the Deputy General Counsel and the General Counsel
  • Experience in effectively representing a team or division, and building relationships with internal and external stakeholders
  • Experience with providing team leadership and successful people management
Essential Criteria
  • Excellent legal advisory skills and experience of providing legal advice on complex issues and in the context of complex projects/transactions
  • 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
  • Proven ability to act as a trusted legal advisor for senior Bank staff
  • A willingness to demonstrate the Bank's values in all aspects of behaviour
  • Demonstrable commitment to ensuring that the legal advice and outputs of your team meet the appropriate standards of excellence.
Desirable Criteria
  • Strong project management skills.



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 Monday 9 September 2019.

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

The base salary range commensurate for this vacancy is £72,500 to £97,000. In addition we also offer a competitive core benefits package, as well as a flexible benefits package that is currently to the value of 7% of base salary. This can be used to purchase additional benefits or taken as non-pensionable cash.

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