Senior Legal Counsel, Business Banking in London

We are on a mission to make money work for everyone. We are waving goodbye to the complicated and confusing ways of traditional banking. After starting as a prepaid card, our product offering has grown significantly in the last 10 years in the UK. In addition to personal and business bank accounts, we offer joint accounts, accounts for 16‐17 year olds, a free kids account, and credit cards in the UK, with more exciting things to come. Our UK customers can also save, invest, and combine their pensions with us. With our hot coral cards and get‐paid‐early feature, combined with financial education on social media and our award‐winning customer service, we have a long history of creating magical moments for our customers! We are not about selling products – we want to solve problems and change lives through Monzo.

Our Legal team is looking for a Senior Legal Counsel to join us at Monzo, to help us build one of the best, most innovative banks in the world. You will report to Monzo's Director of Legal Payments & Business Banking, be part of the Legal and Board Governance Collective, and work with a team of product lawyers to provide first‐rate legal advice and support to Monzo's Product Collective, including areas like business banking and merchant payments.

In this role, you will work closely with Monzo's product collectives to build and deliver business banking and merchant payment products, and support the team in making money work for everyone. You will engage with a wide range of stakeholders from Product Managers and Designers to Operations professionals and Software Engineers, and Risk and Compliance. You will be the 'go to' for all things legal and regulatory, and an important part of a team trying to improve our customers' financial lives.

You will play a key role by:

• Working directly with senior lawyers, product managers, and engineers to provide legal advice and commercial insights to develop and grow Monzo Bank in the UK.
• Partnering with product managers to advise on legal matters relating to business banking and merchant payments, including issues relevant to providing our services to SMEs.
• Supporting Monzo with the operational and product changes needed to offer point of sale (POS) and online card payment acceptance to our business banking customers.
• Helping to develop efficient ways of working to enable Monzo to scale quickly while ensuring compliance with laws and regulations.
• Providing training and knowledge sharing with other Monzonauts on the impact of laws and regulations on Monzo or our customers.
• Acting autonomously as the sole lawyer advising product managers or other colleagues, identifying legal issues proactively, evaluating relevant risks, and finding effective solutions.
• Collaborating with Monzo's Director of Legal Payments & Business Banking, General Counsel of Monzo Bank Limited, and other members of the UK Legal team to provide legal advice and commercial insights to Product teams.
• Managing relationships with external suppliers and law firms to enhance processes around cost management.

We would love to hear from you if:

• You are a technically excellent lawyer with a minimum of 5 years of relevant post‐qualification experience working in the banking and finance sector.
• You have a strong background advising on commercial and regulatory issues relating to banking products, with specific knowledge and experience in business banking and merchant acquiring.
• You are a strong communicator who can provide clear, precise, and practical legal advice.
• You have excellent organisational skills and attention to detail, with the ability to prioritise and work effectively under tight deadlines across multiple projects.
• You are a team player and a keen problem solver, skilled at assessing risk and recommending solutions that balance commercial and risk considerations.
• You are proactive, take initiative to broaden your knowledge, and are passionate about the intersection of banking and technology.

The application journey has 3 key steps: Recruiter call, Initial call, Full loop (Role specific interview and Behavioural interview). Our average process takes around 3‐4 weeks but we will always work around your availability.

What's In It For You:

• Circa £100,000 & benefits.
• Flexible working hours.
• Learning budget of £1,000 a year for books, training courses, and conferences.

We are 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.