We’re looking for a Legal Counsel to help deliver our UK productive assets strategy. This permanent position is based in London with hybrid working.
Who we areRailpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds.
Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.
To learn more about Railpen including our values, culture and purpose, visit our LinkedIn Life page here.
The RoleAs Legal Counsel, you’ll provide expert legal support across a diverse range of investments and projects, from infrastructure and private equity to capital markets and regulatory initiatives. You’ll work closely with investment teams and external partners, negotiating documentation, managing legal risk, and ensuring compliance. This is a broad, hands-on role where your advice will directly influence Railpen’s strategic direction and help us build strong partnerships across the public and private sectors.
This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.
The PersonWe’re looking for a qualified lawyer with 2–4 years’ post-qualification experience, ideally gained in an in-house environment. You’ll have a strong transactional background covering areas such as M&A, partnerships and joint ventures, fund investments with proven ability to negotiate legal documentation and advise on regulatory matters. Expertise advising financial institutions and infrastructure sector experience would be beneficial. Experience working collaboratively with diverse teams and engaging confidently with stakeholders is essential.
You’ll be proactive, curious, and eager to develop new skills. Strong communication and project management abilities are a must, along with a culture of risk awareness and a commitment to compliance and teamwork.
Our values of integrity, community and alignment are the guiding principles that influence our behaviour. They help us make decisions and shape our relationships with others. They’re what we stand for. You will actively demonstrate our values, helping to create a safe environment, to place the needs of the community above oneself and, through a culture of ‘fair challenge’, align to the best interests of our members.
What we can offer youRewarding youA competitive salary (depending on experience)
28 days annual leave plus bank holidays
Generous annual bonus plan
We provide membership of the Railways Pension Scheme, a Defined Benefit arrangement under which you get a pension for life and a lump sum when you retire, based on your length of service and pay
4x Life Assurance cover
Colleague referral scheme
Private Medical Insurance
Employee assistance programme
Health cash plan
Eye care vouchers
Flu vaccination
We support hybrid and flexible working along with very generous family leave including 12 months full pay maternity leave and 6 months full pay paternity leave
Buy and sell holidays
Give as you earn scheme
Paid volunteering days
Flexible half days leave
Electric vehicle leasing
Cycle to work scheme
Please apply via the apply button or visit Careers at Railpen by 5pm on Friday 21st November 2025.
Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life.
What We Do
The Railways Pension Scheme is one of the UK’s largest and longest established pension funds. Railpen is responsible for the safekeeping and investment of around £34 billion on behalf of the scheme’s 350,000 members who are connected to the railway industry.
Railpen's purpose is to secure our members' future. To achieve this we invest the scheme’s assets to generate strong returns over the long term.
Our members and their employers trust us with this very significant responsibility. We are proud of this responsibility, take it very seriously, and are committed to, and passionate about, improving their future lives.
Generating the required returns is challenging. To be successful we must constantly strive to be considered a world-class asset owner by our stakeholders, with a proven track record of adding value for our members. This means we have to have excellent people, doing exemplary work, in every part of our business.
We use the size of our assets to invest wisely and influentially. Our convictions and a clear set of investment beliefs guide us through complex and changing markets. We’re not afraid to think innovatively or act boldly in the best interests of the members we are proud to serve
