Paralegal - Financial Stability Division

10 Aug 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

An opportunity has arisen for a paralegal to join the Financial Stability Division.

The Financial Stability Division consists of approximately 20 lawyers and paralegals plus two PA support staff and directly supports the Bank's objective of protecting and enhancing UK financial stability by providing legal advice on a wide range of issues, including:
  • Regulation and supervision of Financial Market Infrastructure (FMI) (such as central counterparties, payment systems and securities settlement systems);
  • Macro-prudential policy and regulation and associated legal framework for the Bank's Financial Policy Committee (FPC);
  • Policy and execution issues related to the Bank's role as the UK's resolution authority and its responsibilities for managing failing financial institutions and ensuring that such institutions are resolvable;
  • Supporting EU Withdrawal work in relation to the above, including the process of ensuring the relevant legal frameworks are operable once the UK has left the EU.
Job description

Responsibilities will include:
  • Conducting legal research and communicating clearly and concisely the relevant policy, facts and legal principles;
  • Collating resources, indexing, bundling and file organisation;
  • Drafting straightforward documents, including correspondence, memos, reports and minutes;
  • Liaising with colleagues to create, collate and maintain knowledge resources, including by editing pages and adding resources to LD's wiki/knowhow database;
  • Assisting colleagues with the preparation of legal training materials;
  • Maintaining intranet and induction materials relevant to the Division, ensuring that they are kept up to date following strategic, structural or operational change;
  • Tracking and reporting on progress on specific initiatives or projects;
  • Preparing internal newsletters or updates on key legal or other developments;
  • Assisting with preparations for interviews, decision-making committees, Tribunals or Court;
  • Conducting general administrative tasks and providing logistical support (room bookings, invitations, minute-taking, following up on actions) for the work of the Division;
  • Reviewing and analysing documents or legislation, classifying them for relevance, disclosure or further consideration.
Role Requirements

Minimum Criteria
  • Demonstrable experience of English law, gained by studying an undergraduate law degree or post-graduate LPC, Bar course or similar;
  • Prior experience gained as a paralegal or equivalent either within private practice or an in-house legal team, including experience of research and drafting.
  • Excellent IT skills, including the confidence to learn new applications quickly with limited guidance.
Essential Criteria
  • Good written and oral communication skills, with the ability to get messages across clearly and concisely with all levels of staff and external stakeholders;
  • Strong organisational and project management skills, including the ability to plan forward and effectively prioritise competing workstreams;
  • Strong interpersonal skills and the ability to influence others;
  • Ability to work unaided and take the initiative in making decisions and creating solutions to deliver pragmatic outcome-focused judgments that take account of the business environment;
  • Ability to analyse very large volumes of material (digital and hard copy) and produce accurate and detailed summary descriptions; and
  • Reliability and able to work flexibly, with competing priorities, under pressure and to deadlines, whilst maintaining accuracy
Desirable Criteria
  • Some knowledge and understanding of the Bank of England's remit and responsibilities;
  • An understanding of what confidential material is and how to handle it; and
  • Good self-awareness to identify areas for personal development and seek to address them proactively.

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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