Senior Legal Counsel, Business Banking

2 weeks, 5 days ago
Full-time
Senior
Legal
Monzo

Monzo

Monzo is a digital retail bank and fintech company that provides smart banking solutions through its smartphone app. With over 8 million users, Monzo offers intelligent notifications, instant balance updates, and financial management tools to help user...

Banks
1K-5K
Founded 2015
$1100M raised

Description

  • Provide legal advice and commercial guidance to product teams developing and growing Monzo’s UK banking products.
  • Partner with product managers on legal matters related to business banking and merchant payments, including SME services.
  • Advise on legal and regulatory requirements for a growing bank, including product and operational changes for payment acceptance.
  • Support Monzo’s efforts to scale efficiently while operating safely and in compliance with applicable law and regulation.
  • Deliver training and knowledge sharing on the impact of laws and regulations across the company.
  • Act autonomously on matters where you are the sole lawyer advising colleagues, identifying legal issues and recommending solutions.
  • Work closely with legal, product, risk, compliance, supplier operations, financial crime, fraud, and operations stakeholders.
  • Identify legal and regulatory risks in existing and new products and provide robust challenge during governance reviews.
  • Coordinate legal review of global product development with EU and US legal teams to identify local requirements.
  • Improve legal team workflows by identifying technology solutions and process enhancements, and manage external law firms and suppliers.

Requirements

  • Minimum 5 years of relevant post-qualification experience in banking and finance.
  • Strong background advising on commercial and regulatory issues relating to banking products.
  • Specific knowledge and experience in business banking, including company law and insolvency aspects.
  • Experience with merchant acquiring.
  • Ability to provide clear, precise, and practical legal advice in a concise manner.
  • Ability to take positions on key issues and drive consensus among senior stakeholders.
  • Excellent organisational skills, attention to detail, and ability to prioritise independently under tight deadlines.
  • Strong risk assessment and problem-solving skills with a commercial mindset.
  • Proactive approach and interest in the intersection of banking and technology.
  • Experience working in a fast-paced environment is preferred.

Benefits

  • Circa £100,000 salary.
  • Incentive Awards tied to performance.
  • Benefits package included.
  • Relocation support to the UK.
  • Flexible working hours.
  • £1,000 annual learning budget for books, training courses, and conferences.
  • Remote working option within the UK.
  • Access to Monzo’s broader benefits package.

Interested in this position?

Apply directly on the company website

Apply Now

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