Product Legal Counsel (L50)

Location: London / Cardiff / UK Remote Salary: Circa £100k + Stock Options + Benefits Employment Type: [Not Specified] Location Type: [Not Specified]

Company Overview

🚀 We’re on a mission to make money work for everyone. We’re waving goodbye to the complicated and confusing ways of traditional banking. After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest and combine their pensions with us.

With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers! We’re not about selling products - we want to solve problems and change lives through Monzo ❤️

Hear from the UK team about what it's like working at Monzo ✨

Position Overview

We’re looking for a Product Legal Counsel to join our team at Monzo, at Senior Legal Counsel level, to help us build one of the best, most innovative banks in the world. You will report to Monzo’s Director of Product Legal and work within a team of product lawyers to give first-rate legal advice and support to Monzo’s Product Collective, including areas like borrowing, personal and business banking.

In this role, you’ll work closely with Monzo’s product collectives to build and deliver banking products, and support the team in making money work for everyone. You’ll work at all levels in the organisation and with a wide-range of stakeholders from Product Managers and Designers, to Operations professionals and Software Engineers, and Risk and Compliance. You will be the ‘go to’ for all things legal and regulatory, and an important part of a team trying to improve our customers’ financial lives.

Responsibilities

• Work directly with senior lawyers, product managers, and engineers to provide legal advice and commercial insights to develop and grow Monzo Bank in the UK.
• Partner with product managers to advise on legal matters relating to our borrowing, personal or business banking products and advise on the legal and regulatory requirements for a growing bank.
• Help to develop efficient ways of working to enable Monzo to scale quickly, ensuring Monzo operates safely and in accordance with the law and regulation.
• Coordinate and collaborate on legal matters with teams across Monzo, including Compliance, Risk and Control, other control functions, and business teams.
• Provide training and knowledge sharing with other Monzonauts on the impact of laws and regulations on Monzo or our customers.
• Often act as the sole lawyer advising product managers or other colleagues (with support behind the scenes from more senior lawyers), acting autonomously, taking ownership of matters, identifying legal issues proactively, evaluating relevant risks, and finding effective solutions to unique and complex business activities.
• Help colleagues in the Legal Team to build a world-class and scalable, high-performing Legal team by testing and developing new ways of working.
• Work closely and collaboratively with Monzo’s Director of Product Legal, General Counsel of MBL, and the other members of the UK Legal team to provide legal advice and commercial insights to Product teams.
• Act as a trusted advisor and work proactively and collaboratively with other relevant stakeholders and teams across the Monzo Group, including the Product, Risk & Compliance, Supplier Operations, Financial Crime, Fraud, and Operations teams.
• Work with Monzo’s Director of Product Legal, other lawyers, and compliance to identify legal and regulatory risks relating to existing and new products, and ensure compliance.

Application Instructions

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