Senior Legal Counsel at Monzo

Ireland

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Banking, Financial ServicesIndustries

Requirements

Experience providing legal advice in Ireland and/or wider Europe, with a minimum of around 5 years relevant post qualification experience (or equivalent)
Genuine interest in consumer finance
Experience in advising on consumer credit, operational resilience, and managing legal projects across different jurisdictions
Passionate about advising the business to keep Monzo safe and compliant with legal and regulatory obligations
Strategic thinker, strong communicator, and keen problem solver who can recommend solutions balancing business and risk perspectives
Willing to handle a wide range of financial regulatory legal issues outside core expertise in an enthusiastic, proactive, and resourceful manner, and sensibly assess when to seek support

Responsibilities

Acting as a trusted legal advisor to the European development team and help grow product and presence across Europe
Keeping up to date on regulatory developments and working with relevant stakeholders on these changes
Advising on legal risk and identifying mitigants
Providing crucial insights and leveraging entity local expertise to feed into the consolidated group regulatory strategy
Developing and implementing processes and procedures to increase the efficiency and scalability of the European Legal function
Delivering training, sharing insights from work, and helping educate others on legal developments
Managing relationships with external legal counsel and ensuring optimisation of legal spend on regulatory matters

Skills

Legal Advisory

Regulatory Compliance

Risk Management

Contract Law

EU Law

Irish Law

Competition Law

Data Protection

AI Regulation

Corporate Governance

Monzo

Digital-only banking platform for consumers

About Monzo

Monzo operates as a digital-only banking platform focused on providing a modern way for individuals to manage their finances. Its main product is a mobile app that allows users to track their income, spending, and savings easily. The app includes features that help users save money, such as automatically setting aside a portion of their paycheck or rounding up transactions to the nearest dollar. Monzo generates revenue through interest on deposits, fees for certain services, and interchange fees from card transactions, as well as offering overdrafts and personal loans. What sets Monzo apart from traditional banks is its real-time balance updates and instant spending notifications, which help users stay informed about their finances. The goal of Monzo is to provide a convenient, mobile-first banking experience that meets the needs of its growing customer base, which has surpassed 8 million users.

London, United KingdomHeadquarters

2015Year Founded

$1,856.7MTotal Funding

LATE_VCCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Competitive salary

Flexible working hours

Work from home

Stock options

32 days of paid vacation and public holidays per year

Health insurance

EAP

Learning budget

Home office stipend

Paid parental leave

Risks

Monzo breached UK banking regulations, risking reputational damage and fines.

Expansion into Europe poses regulatory challenges and potential licensing delays.

Reliance on digital platforms makes Monzo vulnerable to technological disruptions.

Differentiation

Monzo offers real-time spending updates and categorized transactions via a mobile app.

The 'Pots' feature allows users to set aside money for specific purposes.

Monzo Plus provides premium features like custom card designs and travel insurance.

Upsides

Monzo secured $400M in 2024, valuing the bank at $5 billion.

The partnership with SignLive enhances accessibility for Deaf customers.

Expansion into Europe in 2025 could significantly increase Monzo's customer base.

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