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- Tasks: Provide expert legal support on contracts and regulatory matters in a fast-paced fintech environment.
- Company: Join EML, a global leader in innovative payment solutions.
- Benefits: Enjoy 25 days leave, hybrid working, and enhanced family leave options.
- Why this job: Make a real impact in the fintech space while collaborating globally.
- Qualifications: Qualified lawyer with 7+ years PQE in commercial or payments contracts.
- Other info: Dynamic role with opportunities for professional growth and global collaboration.
The predicted salary is between 43200 - 72000 £ per year.
EML is a global leader in providing innovative payment solutions. Our legal team is pivotal in ensuring compliance and delivering strategic legal advice across our e-money and Limited Network Exemption (LNE) programmes. Reporting to the Head of Legal, UK and Europe, you will provide expert support on complex contracts and regulatory matters in a dynamic, fast-paced fintech environment.
Key Responsibilities:
- Collaborate with commercial, product, compliance, risk, finance, and operations teams to accelerate speed to revenue, support business growth, and deliver timely launches.
- Support the structuring and launch of new business models, providing legal guidance on innovative product and partnership structures.
- Draft, review, negotiate, and close commercial agreements for e-money and LNE programmes.
- Update and standardise legacy agreements to current templates and regulatory expectations.
- Lead legal workstreams to get the business ready to comply with new UK safeguarding rules for e-money institutions.
- Draft, negotiate, and advise on intragroup outsourcing agreements, ensuring compliance with regulatory requirements and alignment with group policies.
- Partner with Compliance on regulatory correspondence ensuring contracts and disclosures align with supervisory expectations.
- Maintain and uplift legal templates, clause libraries, playbooks, and fallback positions for payments programmes.
Qualifications:
- Qualified lawyer (England & Wales or Ireland preferred) with 7+ years PQE in commercial/technology or payments contracts; in-house experience in a regulated environment desirable.
- Experience with card issuing, payments, electronic money, KYB/AML, and regulator engagement (UK/EU).
- Demonstrated expertise in LNE (Limited Network Exemption) and e-money (EMI) regimes, including structuring, negotiating, and updating contracts for LNE card programmes and e-money products.
- Strong working knowledge of UK Payment Services Regulations 2017, Electronic Money Regulations 2011, and PSD2 (EU) 2015/2366.
- Experience with government procurement contracts and RFPs, including public sector frameworks, call-off contracts, and competitive tendering processes desirable.
- Experience drafting and negotiating intragroup outsourcing agreements, with a strong understanding of regulatory expectations for outsourcing in financial services.
- Experience supporting or advising on platform migrations is welcome.
- Excellent research, analytical, and organisational skills.
- Ability to work independently and as part of a team.
- High level of professionalism and confidentiality.
What’s in it for You....?
- Recharge and Give Back: 25 days annual leave, 2 volunteering days, your birthday off – plus 5 extra ‘Take5’ days when you’ve used your core leave!
- Global Opportunities: Collaborate across Australia, the UK, North America, and Europe – with secondment opportunities available.
- Work Your Way: Hybrid working that fits your lifestyle and empowers smarter working.
- Family First: Enhanced family leave options with 12-weeks full pay for Primary Caregivers, and 4-weeks full pay for Secondary Caregivers.
- Invest in You: We cover your professional memberships and offer a competitive pension scheme.
- Wellbeing Matters: Private medical insurance, long-term illness cover, and life assurance.
- Perks & Rewards: Short-term bonus scheme, Cycle2Work, 24/7 Employee Assistance Programme, and exclusive discounts via Spectrum.Life’s BenefitsHub.
EML Payments provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
Senior Legal Counsel (Fixed Term Contract) — LNE & E-Money employer: EML
Contact Detail:
EML Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Legal Counsel (Fixed Term Contract) — LNE & E-Money
✨Tip Number 1
Network like a pro! Reach out to your connections in the fintech space, especially those who work in legal roles. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UK Payment Services Regulations and e-money frameworks. We want you to showcase your expertise and how it aligns with our needs at EML.
✨Tip Number 3
Don’t just wait for job postings! Keep an eye on our website and apply directly. It shows initiative and gives you a better chance of standing out from the crowd.
✨Tip Number 4
Practice your negotiation skills! As a Senior Legal Counsel, you'll need to demonstrate your ability to draft and negotiate contracts effectively. Mock negotiations can help you feel more confident.
We think you need these skills to ace Senior Legal Counsel (Fixed Term Contract) — LNE & E-Money
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Senior Legal Counsel role. Highlight your experience with e-money and LNE programmes, as well as any relevant regulatory knowledge. We want to see how your skills align with what we do!
Showcase Your Expertise: Don’t hold back on detailing your 7+ years of PQE and in-house experience. We’re looking for someone who knows their way around commercial contracts and can navigate the fintech landscape. Let us know about your successes in similar roles!
Be Clear and Concise: When drafting your application, keep it straightforward. Use clear language and avoid jargon where possible. We appreciate a well-structured application that gets straight to the point, just like we do in our legal work!
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts!
How to prepare for a job interview at EML
✨Know Your Legal Stuff
Make sure you brush up on the UK Payment Services Regulations and Electronic Money Regulations. Be ready to discuss how your experience aligns with these regulations, especially in relation to LNE and e-money products.
✨Showcase Your Collaboration Skills
Since this role involves working with various teams, prepare examples of how you've successfully collaborated with commercial, compliance, and risk teams in the past. Highlight specific projects where your legal advice helped accelerate business growth.
✨Be Ready to Discuss Complex Contracts
Expect questions about your experience drafting and negotiating commercial agreements. Have a few examples ready that demonstrate your ability to handle complex contracts and regulatory matters, particularly in a fast-paced fintech environment.
✨Demonstrate Your Adaptability
The fintech landscape is always changing, so be prepared to talk about how you've adapted to new regulations or business models in your previous roles. Show that you can thrive in a dynamic environment and are eager to support innovative product launches.
