Senior Legal Counsel - Employment, Incentives & Pensions

Senior Legal Counsel – Employment, Incentives & Pensions

Location: London (or Remote UK) – Full‑time

Base salary: £93,500 – £126,500 (depending on experience) + stock options + benefits

About the role

Join Monzo’s Legal & Board Governance Collective. You will advise on employment, incentives and pensions (EIP) matters across a regulated bank environment, reporting to the Director of Legal – EIP. Working closely with People, Reward, Risk & Compliance and Finance teams, you will lead a wide range of EIP legal matters and help scale the role as the business grows in the UK and internationally.

Key responsibilities

• Provide strategic employment legal advice and commercial solutions on EIP matters impacting the Group and its subsidiaries.
• Act as a trusted adviser and partner to People, developing policies, procedures, guidance and templates.
• Support the employee life cycle from hiring (including executive service contracts) to departures.
• Manage contentious EIP matters in conjunction with external counsel.
• Work with Reward to develop compensation arrangements and remuneration policies within bank regulatory frameworks.
• Support corporate and commercial functions, including TUPE matters.
• Assist international projects in the EU and US as the business scales.
• Collaborate with Legal, People, Reward, Tax, Risk & Compliance and Finance Collectives on EIP matters.
• Develop and implement internal frameworks, processes and procedures to improve efficiency and scalability of EIP legal advice.
• Deliver training, share insights and help educate others on EIP matters.
• Manage relationships with external counsel to optimise legal spend and obtain best value.

Qualifications

• Experienced, commercial and pragmatic employment lawyer with 6+ years PQE or equivalent.
• Strong technical grounding in all aspects of employment law; background in private practice and ideally in‑house at a bank or financial institution.
• Experience advising on employment‑related regulatory issues in financial services (SMCR, FCA Code of Conduct, Remuneration Code).
• Experience with incentive structures (share options) and knowledge of workplace defined‑contribution pension arrangements.
• Strategic thinker, strong communicator and problem solver who balances business and risk perspectives.
• Willing to handle a broad range of EIP matters, including those outside core expertise, in a proactive and resourceful manner.
• Comfortable liaising at all organisational levels up to the Executive.
• Skilled in horizon scanning, risk assessment, and implementation of mitigating actions.
• Dynamic, entrepreneurial and comfortable with ambiguity in a fast‑paced environment.
• Open, curious mind and passion for the intersection of banking and technology.

Not ticking every box? That’s okay. We encourage applications from candidates who are passionate about the role and keen to learn and grow with us.

Application journey

• Recruiter call (potentially followed by an initial call with the Director of Legal – EIP)
• First‑stage 1‑hour role‑specific interview
• Second‑stage 1‑hour behavioural interview

Compensation & benefits

• Base salary £93,500 – £126,500 + stock options
• Visa sponsorship available
• Role can be based in London office or remote within the UK (ad‑hoc meetings in London)
• Flexible working hours with trust to manage workload
• Annual learning budget of £1,000 for books, courses and conferences
• Comprehensive benefits package (see full list in our job portal)

Equal opportunities

Monzo is 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, veteran, neurodiversity or disability status. We embrace diversity and foster an inclusive environment for all people to do their best work with us.

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