Senior Legal Counsel - Payments and Business Banking

About the role

CommBank is looking for a commercially minded Senior Legal Counsel to join its legal team supporting Payments and Everyday Business Banking. The team advises on strategic initiatives, product innovation and complex legal and regulatory matters across banking, payments and digital channels, working closely with business stakeholders on new product development and the ongoing management of a large portfolio of customer products. It is supported by the broader in-house legal function and panel firms for most individual lending transactions.

Key responsibilities

• Advise on payments, retail and business banking, and financial services regulation
• Advise on core transaction banking products, including deposit accounts and payment acceptance
• Advise on new payments, digital and technology-enabled products, including API-enabled and AI-supported solutions
• Review customer terms and bespoke commercial agreements, and advise on strategic commercial transactions and complex contracting
• Support regulatory change, risk and business transformation initiatives
• Handle customer issues including scams, complaints, breach reporting and remediation
• Collaborate with product, risk and compliance stakeholders and other legal teams on complex, often novel issues

Required profile

• 7+ years' relevant post-admission experience, ideally including at least 4 in private practice
• Experience advising on complex matters in financial services, payments, fintech or technology environments is desirable
• Solid understanding of regulatory frameworks such as financial services and payments regulation, privacy, AML and consumer protection
• Ability to draft, negotiate and drive complex commercial agreements to completion
• Strong legal judgment, communication skills and a collaborative, solutions-focused approach

Prior payments experience is not essential. The role is based in Sydney CBD, with at least half the time each month spent in the office, alongside flexible working options. Applicants from the Commonwealth Bank Group should apply through the group's internal application process.