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- Tasks: Provide legal advice on payment regulations and ensure compliance across jurisdictions.
- Company: Join Paysend, a global leader in payment solutions impacting millions worldwide.
- Benefits: Enjoy competitive salary, flexible work arrangements, and opportunities for career growth.
- Why this job: Be part of a dynamic team driving innovation in the payments landscape.
- Qualifications: UK Law degree with experience in banking, payments, and regulatory compliance required.
- Other info: Ideal for those passionate about fintech and eager to make a global impact.
The predicted salary is between 43200 - 72000 £ per year.
About The Role:
The Payment Counsel will play a pivotal role within the Global Legal Team, serving as a cross-functional expert to facilitate collaboration among Legal, Compliance, Business, and Operations teams. This position is essential in navigating the rapidly evolving payments landscape and ensuring the Group’s payment operations comply with all relevant legal and regulatory requirements across jurisdictions. The role also aims to enhance the independence, consistency, and efficiency of managing payment-related legal issues within the Group, delivering long-term cost efficiencies.
What You\’ll Do (Responsibilities):
Payments Legal Expert:
- Provide legal advice on payment regulations, licensing requirements, and regulatory compliance obligations across jurisdictions where the Group operates or plans to implement new product developments globally.
- Monitor and address legal developments in payment services, electronic money regulations, and fintech innovation, ensuring the Group’s operations remain compliant.
Cross-Team Collaboration:
- Act as a liaison among Legal, Compliance, Business, Product Development, and Operations teams to ensure alignment on payment-related legal and regulatory matters.
- Support the development and implementation of payment frameworks that enhance collaboration and operational effectiveness.
Policy and Contract Management:
- Draft, review, and negotiate customer agreements (ToS), and various agreements related to payment services, including partnership agreements, licensing arrangements, and vendor contracts.
- Develop and maintain internal policies and processes to manage legal and regulatory risks associated with payment operations.
Regulatory Compliance:
- Ensure all Group payment entities adhere to applicable payment and financial regulations, including those related to consumer protection and data privacy (collaborating with the Group DPO).
- Lead internal audits and risk assessments related to payment operations to identify and mitigate compliance risks.
In-House Efficiency and Cost Optimization:
- Build internal capabilities for managing payment-related legal issues to reduce reliance on external advisors.
- Identify opportunities for cost efficiencies while maintaining compliance and legal excellence.
What You\’ll Need To Be Successful In This Role:
Education: UK Bachelor’s or Master’s degree in Law or a related field.
The ideal candidate will have previous experience in and extensive knowledge of:
- Substantial practical experience in banking, payments, and e-money regulatory regimes, applying such matters to business decisions, product design, and customer, supplier, and product terms.
- Understanding of the regulatory perimeter and financial services permissions, including advising on license applications.
- Financial services business models, particularly e-money models.
- Developing customer agreements (ToS) to ensure regulatory compliance.
Skills:
- Deep understanding of global payment regulations, licensing frameworks, and compliance standards.
- Strong negotiation and drafting skills for payment-related contracts and agreements.
- Proven ability to work effectively across teams in a fast-paced and complex environment.
Key Competencies:
- Strategic mindset with a focus on fostering innovation within legal and regulatory frameworks.
- Excellent problem-solving skills to address complex and evolving payment issues.
- Strong interpersonal and communication skills to facilitate collaboration across diverse teams.
Would be considered as a plus:
- Experience in a high-growth or scale-up environment.
- Experience in product development.
- Experience advising on digital assets, their operations, and current regulation.
- Experience advising on legal matters such as outsourcing arrangements, corresponding banking, the APP scam regime, Consumer Duty, DORA (EU), etc.
- Experience advising on intra-group arrangements, including governance matters.
- Awareness of payment systems and their rules.
Why Join Paysend?
- Make a Global Impact: Directly impact millions of users worldwide.
- Accelerate Your Career: Benefit from internal mobility, mentoring programs, and continuous learning opportunities.
- Thrive in a Connected, Global Organization: Collaborate with colleagues across our international hubs.
- Embrace a Principle-Driven & Focused Culture: Work in an organization guided by strong principles and values that help you achieve more.
- Enjoy Competitive Compensation and Benefits: Receive a competitive salary, benefits, and flexible work arrangements.
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Contact Detail:
Paysend Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory (Payment) Legal Counsel
✨Tip Number 1
Familiarise yourself with the latest developments in payment regulations and compliance standards. This will not only help you understand the role better but also demonstrate your proactive approach during interviews.
✨Tip Number 2
Network with professionals in the payments and legal sectors. Attend industry events or webinars to connect with potential colleagues and gain insights into the challenges they face, which can be valuable in your application process.
✨Tip Number 3
Prepare to discuss specific examples of how you've navigated complex regulatory environments in previous roles. Highlighting your problem-solving skills and strategic mindset will resonate well with the hiring team.
✨Tip Number 4
Research StudySmarter's values and culture to align your responses during interviews. Showing that you understand and appreciate our principles can set you apart from other candidates.
We think you need these skills to ace Regulatory (Payment) Legal Counsel
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in banking, payments, and e-money regulatory regimes. Emphasise your understanding of compliance standards and any previous roles that involved cross-team collaboration.
Craft a Strong Cover Letter: In your cover letter, demonstrate your strategic mindset and problem-solving skills. Mention specific examples of how you've navigated complex payment regulations or contributed to policy development in past roles.
Showcase Relevant Skills: Clearly outline your negotiation and drafting skills, particularly in relation to payment-related contracts. Provide examples of how you've successfully worked across teams in fast-paced environments.
Highlight Continuous Learning: Mention any ongoing education or training related to global payment regulations or financial services. This shows your commitment to staying updated in a rapidly evolving field, which is crucial for the role.
How to prepare for a job interview at Paysend
✨Showcase Your Regulatory Knowledge
Make sure to brush up on the latest payment regulations and compliance standards. Be prepared to discuss how your previous experience aligns with the legal requirements in the payments landscape, as this role demands a deep understanding of these areas.
✨Demonstrate Cross-Team Collaboration Skills
Since this position involves liaising between various teams, be ready to provide examples of how you've successfully collaborated with different departments in the past. Highlight your ability to facilitate communication and alignment on complex legal matters.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about potential challenges in payment operations and how you would address them, showcasing your strategic mindset and innovative approach.
✨Highlight Your Negotiation and Drafting Experience
As the role involves drafting and negotiating contracts, be prepared to discuss your experience in this area. Bring examples of agreements you've worked on, particularly those related to payment services, and explain how you ensured compliance while achieving business objectives.
