Legal Counsel, Product

📍London or Remote UK | 💰 circa £75k Benefits | Blogs

About us: 

We’re here to make money work for everyone and we're doing things differently. For too long, banking has been obtuse, complex and opaque.

We want to change that and build a bank with everyone, for everyone. Our amazing community suggests features, test the app and give us constant feedback so we can build something everyone loves.

We're focused on solving problems, rather than selling financial products. We want to make the world a better place and change people's lives through Monzo.

About our Legal Team:

You’ll be joining a team of product lawyers to help Monzo build financial products in the right way. You’ll work closely with product managers, engineers and compliance advisors to help shape the way our customers experience Monzo. You’ll also be part of a wider team of lawyers and specialists in our Legal & Board Governance Collective.

What you’ll be working on: 

• Partner with product managers to advise on legal matters relating to our borrowing, payments or investment products and and advise on the legal and regulatory requirements for a growing digital bank. 
• Helping to develop policies and procedures enabling Monzo to scale quickly, and ensuring Monzo operates safely and in accordance with the law and regulation.
• Coordinate and collaborate on legal matters with teams across Monzo including the Compliance, Risk and Control, other control functions and business teams. 
• Provide training and knowledge sharing with other Monzonauts on the impact of laws and regulations on Monzo or our customers.
• Often act as the sole lawyer advising product managers or other colleagues (with support behind the scenes from more senior lawyers) and therefore act autonomously, take ownership of matters, identifying legal issues proactively, evaluating relevant risks and finding effective solutions to unique and complex business activities. 
• Helping colleagues in the Legal Team to build a world-class and scalable, high performing Legal team by testing and developing new ways of working. 

You should apply if:

• You are a qualified lawyer with around 1 to 4 years post qualification experience in at least one of the following areas: consumer credit; payments; or investments.
• You have worked in-house and enjoy being a business partner just as much as you enjoy being a lawyer.
• You have a good understanding of the FCA Handbook and other relevant laws and regulations that apply to banks in the UK.
• You already have some specialist knowledge of one of our product areas, but you’re excited about learning from colleagues to gain specialist knowledge in other product areas.
• You are a team player and natural collaborator who is passionate about effecting change whilst at the same time being goals-focussed and impact-driven.
• You’ve got an open and curious mind, you are passionate about the intersection of banking and technology, and what we are doing here at Monzo excites you!

The Interview Process:

Our interview process involves 4 main stages: 

• Recruiter call (potentially followed by an initial call with a member of the Legal team)
• First stage role specific interview
• Second stage values interview
• Coffee chat  

Our average process takes around 2-3 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us on core-hiring@monzo.com

What’s in it for you:

💰 circa £75,000 ➕ plus stock options & benefits 

📍This role can be based in our London office, but we're open to distributed working within the UK (with ad hoc meetings in London).

⏰ We offer flexible working hours and trust you to work enough hours to do your job well, at times that suit you and your team.

📚 Learning budget of £1,000 a year for books, training courses and conferences

➕ And much more, see our full list of benefits here

If you prefer to work part-time, we'll make this happen whenever we can - whether this is to help you meet other commitments or strike a great work-life balance.

Equal Opportunity Statement

We are actively creating an equitable environment for every Monzonaut to thrive.

Diversity and inclusion are a priority for us and we are making sure we have lots of support for all of our people to grow at Monzo. At Monzo, embracing diversity in all of its forms and fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog,  2021 Diversity and Inclusion Report and 2022 Gender Pay Gap Report.

We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.

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