The importance of banking legislation

Dubbed the "gatekeeper", the legal profession performs a lot of important work to help the bank survive and thrive. 

Banking is a specific field that always operates under strict laws. Therefore, banking legislation is a very important position that is always focused on recruiting by leaders. So specifically, what strict requirements do people working in this profession need to meet? The following information of Navigos Search brings the correct answer to readers.

1. The importance of legislation in banking

Without understanding the law, banks are like getting lost in the forest and easily entangled in legal risks. And if entangled in legal risks, it will cause the bank a lot of damage and disadvantages such as money, time to deal with risks, loss of reputation, ...

Especially, when Vietnam has integrated, this risk is even greater. In addition to the vast amount of legal knowledge in the country, when working with clients and linking to the international market, employees must have a certain understanding of the market, cultural traditions, but especially the law. partner countries as well as general international law.

So what does legislation bring to the bank? Here are specific benefits for readers to understand:

• Enhancing position when building a strong legal team
• Complete peace of mind about all contracts, documents related to legal
• Helping banks to catch up with changes in laws, regulations,...
• Sustainability and development

Do you have questions about the role of legal personnel in the business? Click here to view

Legislation is very important for banks

2. Structure of the banking legal department

Each bank will have its own way of organizing. However, in general, the Banking Legal Department consists of the following divisions: General and Advisory Department, Debt Handling Department, Documents Legal Department, Investment Management Department, etc. Each department take on various detailed tasks:

• Head of Legal Department: Organize the implementation and take responsibility before the bank director for all aspects of the department's work.
• Deputy Legal Department: Help the head of the department direct and administer the work of the legal department and take responsibility for the assigned tasks.
• Legal officer: Being the middle person, helping the bank administrator to put the law into practice in the most effective and safe way.

3. Current salary and career prospects

Banking legal is the dream job of many Law graduates today. When the banking industry is focused on developing strongly as it is today, if possessing solid professional capacity and understanding of the Law, candidates absolutely have wide job opportunities. They can apply to any bank with legal recruitment needs such as Techcombank, Vietcombank, Vietinbank, Agribank, MB bank, ACB, VP Bank, BIDV,...

Not only at banks, candidates can also choose to work in companies, enterprises or law offices,... with quite attractive salary. Specifically, the head of the legal department receives 20-25 million VND/month, the legal staff is 8-12 million VND/month,...

In addition, if they achieve good results during their work, people working in this profession have the opportunity to advance to the position of senior legal director with an extremely attractive salary, from 30 to 50 million per month. or maybe higher.

See details: 6 steps to become a professional Legal Director

4. Banking legal recruitment criteria

Certainly, people who work in law-related jobs must fully meet the strict requirements of employers and banking legislation is no exception.

First, the candidate must have professional capacity and solid experience to ensure the job to ensure the job as well as the best way to practice. In a professional working environment such as a bank, employers also require candidates to have foreign language skills and be proficient in office applications.

Next, important skills and qualities such as carefulness, accuracy in work, independent work, teamwork, negotiation, presentation, relationship building, work pressure , ... is also very important, so candidates need to hone to get into the profession more easily.

5. Professional banking legal recruitment at Navigos Search

In the situation of scarcity of talented people and fierce competition in the recruitment market today, if businesses or banks do not have a professional recruitment strategy, it is very difficult to attract and retain these human resources.

Using headhunter is considered the most effective and optimal solution for mid-level and high-level recruitment requirements because they possess a quality networking system, are knowledgeable about the recruitment market and each field. peculiarity. In addition, with long-term experience and reputation, a professional headhunter company will have a list of bright candidates, helping businesses find the most suitable factor for the position of business development manager . , meet recruitment standards fully and in a timely manner.

Established in 2002, up to now, Navigos Search is considered the No. 1 prestigious mid- and high-end "talent hunting" brand in Vietnam. Navigos Search's consulting team are all recruitment experts with labor market knowledge, industry economic knowledge and professional skills that will accurately grasp the recruitment requirements of businesses and banks to conduct business. Searching, interviewing and recommending the most suitable candidates for banking legal or middle and senior positions.

All experts of Navigos Search are very experienced in the field of recruitment and are well trained through intensive skills courses. Navigos Search calls its employees “Dream Makers”.

Based on a very methodical and scientific recruitment process , the consultant will screen and send to you a list of candidates who meet the recruitment criteria well. Navigos Search consultants will work closely with your business and bank in interview rounds to select the most suitable final potential candidate. After the candidate has been selected, we continue to closely support the business and the candidate throughout the "success after joining" process.

With a high-level recruitment service , Navigos Search will provide a specialized recruitment team to cooperate with your business in the recruitment process, ensuring the selection of the best and most qualified candidates in a given time.

Besides, the recruitment process outsourcing service ensures faster recruitment process and results, superior candidate quality and helps improve business efficiency when you recruit the right personnel. And with more than 375,000+ senior candidates, 85,000+ senior management candidates available, and search results are always kept, Navigos Search is committed to a 100% candidate finding rate.

With outstanding strengths, we are confident to be the leading professional and effective headhunter brand in Vietnam. If your business is in need of recruiting a banking lawyer or any other mid-level or senior-level position, please contact Navigos Search to quickly get potential candidates quickly. We are always trying non-stop to maintain the position of the number 1 "talent hunter" in Vietnam today!