Senior Legal Counsel / Legal Counsel - Payments
See yourself in our team:
Join the legal team supporting Payments and Everyday Business Banking at CommBank.
We are a team of highly skilled lawyers supporting a range of different products and stakeholders with humour and humility. Collaboration is key to our team’s success.
We benefit from a strong support base and a wealth of expertise as part of CommBank’s large in-house legal function. We also rely on panel firm providers to assist with most individual banking transactions so that we can focus on more strategic, high value assistance to the business.
Do work that matters:
We are looking for a lawyer with existing financial services regulatory (FSR) expertise who is interested in developing new skills in payments, platforms and networks.
You will provide strategic, practical legal advice and have high level analytical and critical legal decision-making capabilities to assist CommBank in attaining strategic goals in a safe and customer-focussed way.
The work is varied and may include assisting with:
- regulatory matters including breach advices and responses to regulator requests, and regulatory change (including due to industry or scheme mandate)
- new product and service innovation and enhancements, including ‘as-a-service’ offerings through APIs and AI functionality
- contractual negotiations with referrers, intermediaries, brokers, service providers, agents or other entities within the payments ecosystem
- general banking and financial services advice and project or product migration work
- terms for standard form or bespoke (for large institutional clients) customer contracts
- identifying opportunities to simplify relevant frameworks, policies and processes to optimise effectiveness and efficiency
We’re interested in hearing from people who have:
- Tertiary qualifications in law and 5 + years* relevant post admission / qualification experience (PAE)
- Ideally at least 4 years’ experience in private practice
- Excellent technical legal skills including the ability to quickly grasp, negotiate and resolve issues in complex matters and a willingness to continue to grow and expand your expertise
- Sound knowledge of Australian financial services laws and current issues applying to banking (eg deposit accounts)_
- The ability to draft, negotiate, and drive to completion complex commercial agreements that achieve business objectives, and continue to support those business relationships once consummated
- The capacity to build excellent relationships with a range of stakeholders and the ability to clearly communicate complex issues
- A team-oriented outlook, a sense of humour, unquestioned ethics and integrity, sound judgment and humility
- An interest in learning about new practice areas and products rather than focusing on a particular area of law
- Interest in payments, platforms and networks.
*We are interested in the right mindset and aptitude. Most of our team are 10+ PAE and we encourage senior practitioners to apply. Senior Legal Counsel / Legal Counsel title and remuneration subject to experience and skills.
We are looking to interview immediately and encourage applicants not to wait until the advertising end date.
Working at CommBank
At CommBank, we support our people with the flexibility to balance where work is done with at least half their time each month connecting in office.
We also have many other flexible working options available including changing start and finish times, part-time arrangements and job share to name a few. Talk to us about how these arrangements might work in the role you’re interested in.
If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.
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