About the Role
The Treasury & Structured Finance Legal team is seeking a Legal Counsel in London to provide legal advice and support to Santander UK's CFO Division and other business divisions. The role involves negotiating and executing derivatives and securities lending transactions for liquidity management and hedging, advising on wholesale funding, and focusing on secured loan-linked hedging across various asset classes.
Responsibilities
- Provide legal advice and support to the CFO Division of Santander UK and other business divisions.
- Negotiate and execute derivatives and securities lending transactions to support the bank’s liquidity management and commercial banking hedging proposition.
- Advise on a range of wider wholesale funding matters.
- Focus on secured loan-linked hedging across commercial lending, real estate finance, social housing, project finance, and private credit.
- Advise on the regulatory framework for derivatives and securities lending, monitor legal and regulatory developments, and participate in working groups.
- Involve in strategic bank-wide projects relevant to the Treasury team.
- Contribute to the optimization of the legal function’s output, including through digital solutions/AI.
Requirements
- Qualified solicitor with 2+ years PQE.
- Solid understanding of derivatives, securities lending/repos, trading infrastructure, and their associated regulatory framework.
- Experience of secured lending, including facility agreements and intercreditor agreements and derivative/hedging agreements linked to those structures is preferred.
- General banking or securitisation experience with a desire to widen understanding of derivatives is also suitable.
- Good knowledge and understanding of the regulatory framework applicable to UK financial services, industry trends, and best practice.
- Experience working in a transactional environment (either in private practice or in house).
- Outstanding interpersonal and communication skills.
- Reputable commercial, pragmatic, and enthusiastic approach in undertaking tasks.
- Commercially minded with an ability to adapt to a varied workload.
- Numeracy skills with good experience of Excel and PowerPoint are preferred.
- Must have the right to work in the UK.
Skills
- Derivatives
- Securities lending
- Trading infrastructure
- Regulatory framework
- Secured lending
- Facility agreements
- Intercreditor agreements
- Derivative/hedging agreements
- General banking
- Securitisation
- UK financial services regulation
- Transactional experience
- Interpersonal skills
- Communication skills
- Commercial acumen
- Adaptability
- Numeracy
- Excel
- PowerPoint
Location
- London
Work Type
- Hybrid working pattern
- Site-based
Experience Level
- 2+ years PQE
Education Level
- Qualified solicitor
Salary/Compensations
- £6,000 car allowance per year
Benefits
- 30 days’ holiday plus bank holidays (increases to 31 days after 5yrs service)
- Option to purchase up to 5 contractual days per year
- £6,000 car allowance per year
- Company-funded individual private medical insurance
- Company-funded death-in-service benefit
- Income protection insurance
- Option for discounted rates for additional life assurance and critical illness cover
- Share plans
- Staff versions of products like Edge Current Accounts and Credit Cards with no fees
- Access to other deals and discounts in Santander products and services
- Wellbeing partners across 4 pillars (physical, mental, social, financial)
- Access to a suite of apps
- Discounted gym and fitness access
- Weekly online classes
- Flexible healthcare
- Mental health support
- Enhanced family leave
- Childcare options
- Tailored wellbeing support
- Volunteering opportunities
- Global growth opportunities
About the Company
- Santander is evolving from a global, high-impact brand into a technology-driven organisation.
- Their mission is to contribute to help more people and businesses prosper.
- They embrace a strong risk culture and expect professionals at all levels to take a proactive and responsible approach toward risk management.
- They are shaping the way they work through innovation, cutting-edge technology, collaboration, and the freedom to explore new ideas.
- Their work touches 140 million lives every day through constant innovation, sharing experiences, questioning methods, and adapting to new challenges.
Equal Opportunity
- Santander is a proud, inclusive organisation that provides equal opportunities for everyone — regardless of age, gender, disability, civil status, race, religion or sexual orientation.
- They are committed to creating a recruitment experience that’s accessible, fair and welcoming for all candidates.
- Santander will pay the employer mandatory government fees required for visa sponsorship. Candidates may be liable for their own personal employee immigration and relocation costs.
