Senior Legal Counsel at Wise

London, England, United Kingdom

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

FinTech, Financial ServicesIndustries

Requirements

UK-qualified lawyer with at least 7 years PQE
Law firm or in-house experience, focusing on financial regulation relating to payments and financial services
Experience building and scaling a team
Ability to evaluate and summarise legal advice and communicate advice in a succinct and pragmatic way to different areas of the business
Proven aptitude for commercial contract structuring, drafting, and negotiation
Clear communication, project coordination, and management skills
Ability to navigate difficult issues and multiple stakeholders, advising the business on key risks, and developing solutions

Responsibilities

Advise and lead on a wide range of legal matters relating to Wise’s day to day and strategic initiatives
Provide clear advice on regulatory matters relating to financial services, covering both new and existing products and licences
Navigate the rapidly changing regulatory landscape, ensuring Wise's products and operations adhere to relevant legal and regulatory requirements
Engage proactively and collaborate effectively with regulators
Work closely and build relationships with multiple business teams across Wise including Compliance, Product, Wise Platform, Banking and Expansion and Operations
Become a trusted advisor on issues such as financial and consumer regulations, sanctions, AML and anti-bribery issues, banking arrangements, new products, partnerships, employment issues etc
Structure, draft, and negotiate complex commercial agreements with bank partners, API users and enterprise customers
Mentor and upskill the Legal Team (based in London, New York, Austin, Tallinn, Singapore, Brussels and São Paulo) to continue delivering on initiatives that will impact the business

Skills

financial regulation

payments regulation

regulatory compliance

AML

sanctions

anti-bribery

commercial agreements

contract negotiation

regulator engagement

Wise

Facilitates low-cost international money transfers

About Wise

Wise focuses on international money transfers, providing a low-cost alternative to traditional banks. It uses a peer-to-peer system to match transfers between users in different countries, which helps reduce fees and offers better exchange rates. Customers pay a small, transparent fee for each transaction, and Wise also offers a multi-currency account for managing funds in various currencies. The company aims to maintain high performance and reliability while ensuring transparency and trust with its users.

London, United KingdomHeadquarters

2011Year Founded

$385.5MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

5,001-10,000Employees

Benefits

PTO & annual leave

Work from home flexibility

Parental leave

Medical insurance plans

Health & wellbeing discounts

Pension & retirement plans

Social events

Relocation support

Risks

Increased competition from banks integrating Swift services could challenge Wise's market share.

Regulatory scrutiny following Stenn's collapse may increase pressure on Wise.

Bitcoin's low transaction fees could attract customers away from Wise's services.

Differentiation

Wise offers a peer-to-peer system for low-cost international money transfers.

The company provides a multi-currency account for ex-pats, freelancers, and travelers.

Wise's transparent fee structure attracts customers seeking cost-effective money transfer solutions.

Upsides

Partnership with Morgan Stanley enhances Wise's cross-border settlement capabilities.

Expansion into India's remittance market presents significant growth opportunities for Wise.

API integrations offer additional revenue streams and market penetration for Wise.

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