Senior Legal Counsel, Regulatory

Location Type: London/Cardiff/UK Remote Employment Type: Full-time Salary: Circa £100k + Stock Options + Benefits

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🚀 About Monzo

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 our UK team about what it's like working at Monzo ✨

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⭐ Our Legal Team

We're looking for a Senior Legal Counsel, Regulatory to join our team at Monzo and help us build one of the best, most innovative banks in the world. This role will have day-to-day responsibility for advising on regulatory matters, with a predominant focus on financial crime. This role will report to Monzo’s Principal Legal Counsel - Regulatory and is part of the Group Centre Regulatory team in the Legal & Board Governance Collective at Monzo. We support Monzo Group and its operating entities globally.

In this role, you will work at all levels in the organisation and in close partnership with our Financial Crime, US, EU, and Risk & Compliance teams, as well as in collaboration with senior Legal team stakeholders as the business develops into a matrix organisation. You’ll lead on a wide range of financial crime legal matters with opportunities for growth in role as the business scales in the UK and internationally. There'll also be opportunities to get involved in operational resilience, artificial intelligence, competition, and other regulatory matters.

No two days are the same in Monzo’s Legal team. This is not your typical legal role; so we’re not looking for a typical person. We’re looking for someone with exceptional technical expertise but is willing to roll up their sleeves and get things done. If this sounds right up your street then get in touch, we’d love to hear from you.

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🔑 Your Key Responsibilities

• Acting as a trusted legal advisor to our Financial Crime Monzonauts in local teams.
• Monitoring and advising upon material global regulatory changes and providing guidelines to local teams.
• Supporting our Group Regulatory Affairs teams to liaise with key regulatory bodies and manage cross-border regulatory issues.
• Managing global regulatory frameworks to ensure consistent application across entities.
• Providing crucial insights and leverage entity local expertise to feed into the consolidated group regulatory strategy.
• Developing and implementing processes and procedures to increase the efficiency and scalability of regulatory legal advice across the Monzo Group.
• Delivering training, sharing insights from your work, and helping educate others on financial crime.
• Managing relationships with our external legal counsel and ensuring we are optimising our legal spend on regulatory matters.

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🤩 What We’re Looking For

• Experience advising on financial crime regulatory matters, with a minimum of around 5 years relevant post qualification experience (or equivalent).
• A genuine interest in financial crime regulatory matters; it’s not just your job but something you care about.
• An excellent technical grounding in all aspects of financial crime regulatory law (including Anti-Money Laundering, Sanctions, Anti-Bribery and Corruption, Proceeds of Crime and Counter Terrorist Financing matters), having spent time in private practice or in-house.