Legal Counsel (Regulatory) at Lendtable

London, England, United Kingdom

Lendtable Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Financial ServicesIndustries

Requirements

  • Qualified in England & Wales or another common law jurisdiction with the requisite UK experience
  • Approximately 2-4 years post qualification experience
  • Experience in consumer credit, either in private practice, in-house or at the regulator
  • Ideally experience in-house at a corporate or the regulator, or looking to move from private practice to in-house
  • Preferably with financial services experience
  • Background in UK financial regulation and familiarity with the FCA Handbook
  • Enjoy working in a fast-paced and growing business and taking ownership
  • Mindset that is adaptable and flexible to change
  • Excellent communication and relationship-building skills
  • Strong organisational skills and able to autonomously lead multiple deliverables in a fast-paced environment
  • Self-starter comfortable stepping out of comfort zone to drive business growth
  • Excited by new challenges and understanding laws in new markets and around new financial products

Responsibilities

  • Advise on various consumer credit-related regulatory matters
  • Keep under review the firm’s customer-facing documentation
  • Assist the business in developing new products
  • Support the business by updating policies, processes and templates
  • Respond to complex queries from the business, suppliers and customers
  • Assist with litigious matters
  • Help to manage the use and cost of external legal counsel
  • Work closely with other members of the legal team to provide timely and first-class legal support
  • Work closely with all business functions and communicate legal issues to non-lawyers, balancing business and legal perspectives

Skills

FCA Handbook
UK Financial Regulation
Consumer Credit
Regulatory Compliance
Commercial Contracts
Contract Negotiation
Legal Risk Management

Lendtable

Provides credit lines for retirement contributions

About Lendtable

Lendtable helps employees increase their long-term wealth by providing lines of credit for retirement and employee stock purchase plans (ESPP). This service allows employees to contribute to their 401(k) plans or ESPPs without reducing their take-home pay, enabling them to take full advantage of employer matching contributions. The application process is straightforward, and Lendtable earns revenue through fees on the credit extended. The company's goal is to maximize retirement savings for employees of large corporations while keeping their monthly budgets intact.

San Francisco, CaliforniaHeadquarters
2020Year Founded
$22.5MTotal Funding
SERIES_ACompany Stage
Fintech, Financial ServicesIndustries
11-50Employees

Risks

Rising interest rates may increase Lendtable's cost of capital.
Increased competition from fintech startups could erode Lendtable's market share.
Regulatory scrutiny on retirement-focused financial products could impact Lendtable.

Differentiation

Lendtable offers unique credit lines for 401(k) and ESPP contributions.
The company targets employees of Fortune 500 companies for its services.
Lendtable's model allows wealth-building without reducing take-home pay.

Upsides

Increased employer interest in financial wellness boosts demand for Lendtable's services.
SECURE 2.0 Act encourages higher retirement savings, benefiting Lendtable.
Growing ESPP offerings align with Lendtable's focus on stock purchase plans.

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