Senior Legal Counsel

Recruiter
Location
London (Central), London (Greater) (GB)
Salary
Competitive
Posted
31 Aug 2017
Closes
30 Sep 2017
Contract Type
Full time

Title: Senior Legal Counsel (Commercial/Regulatory)

Reports to: Head of Legal

Location: Victoria, London

Want to help us change the way the world moves money?

We build hi-tech services that allow our customers to send and receive money easily. We believe people should be able to receive money even if they don’t have access to a bank account or an internet connection.

Why do we care about money transfers so much?

Most of our customers are first or second generation migrants. They may be living and working far from their home but still manage to send money back to support their loved ones.

Large international wire transfer companies and banks have been taking advantage of people like this by charging preposterous fees and unfair rates.

With the World Bank estimating $575 billion annually flowing into developing countries - transforming the remittance industry could have a greater impact on international development than every single government aid program combined.

WorldRemit is using innovative technology and growing it’s global network to make transferring money easier, fairer and more affordable.

How are we doing so far?

  • 350+ employees across offices in London, Denver, Sydney and more.
  • Sending 700,000 remittances annually (and growing)
  • Raised $140 million in funding
  • Funded by VCs behind companies such as Airbnb, Spotify, Netflix and Facebook.
  • Covering 150+ countries across the globe 

 Role Overview

The role is extremely broad, encompassing a wide range of commercial contract and legal advisory work (including regulatory), with a truly international focus.

You will be expected to become familiar with the array of money transfer regulations and other applicable laws (e.g. consumer laws) that apply to WorldRemit, working with other internal teams including Global Compliance to help the business apply for new money transfer licences; maintain existing licenses and proactively spot and resolve issues (in both our send and receive countries).

A key area of support will be to WorldRemit’s Global Business Development team (led by Tamer El-Emary, Chief Partnerships Officer, formerly of Amex and Mastercard).  This team is responsible for building WorldRemit’s network of overseas partners, who pay out recipients of money transfers on our behalf in over 140 countries and is a key driver of company growth.   See below the job description for some more information about this team.

You will support the London-based Technology, Product Development and Marketing teams as well as well as Global Compliance to help enhance WorldRemit’s product offering and ensure the company’s services are being marketed effectively and compliantly.

You will also work closely with our UK-based Finance team (which Legal forms a part of) and the newly-created Risk team.

You will be able to carve out your own areas of specialism and build your own stakeholder relationships from day one.  As the Legal team is small, you will play a key role within the team in supporting other team members and raising the profile of the team within the organisation and externally.

Specific Responsibilities 

  • Working with other internal teams to support new licence applications and the maintenance of existing money transfer licences, as well as managing legal issues in receive countries (where legal advice may be required in relation to local laws and regulations).
  • Drafting, reviewing and negotiating of the following:
    • Money Transfer Agreements with banks and mobile money providers in multiple jurisdictions - these are the contracts that enable our customers to pay their friends and family (with cash, a bank transfer, mobile money or airtime top-up);
    • Software licences, SaaS agreements, marketing agreements, payment processor agreements, and consultancy contracts;
    • Other general commercial contracts – predominantly with those who are supplying services to WorldRemit; and
    • Customer terms and conditions in a wide range of countries (taking into account consumer and privacy laws).
  • Advising the Marketing team on prize draws, promotions, sponsorship arrangements and other initiatives including content creation arrangements;
  • Helping to protect the company’s IP by managing the suite of domain names and third-party infringement issues;
  • Assisting the Product team with legal advice on new products and services to be offered to customers;
  • Assisting on company secretarial matters across the group, ensuring that the group is meeting deadlines;
  • Assisting with the creation and updating of WorldRemit standard contract templates;
  • Instructing outside counsel on a range of issues, managing the relationships and ensuring costs are managed effectively; and
  • Training internal colleagues on key legal issues that affect their specific roles.

From time to time and depending on your experience, you may also be involved in:

  • Advising on data protection questions as they arise, working with other internal subject matter experts;
  • Management of legal claims and instigation of litigation where appropriate;
  • Supporting the HR team in relation to employment law issues;
  • Assisting on tax-related matters;
  • Corporate Finance - involvement in any future funding rounds, mergers and acquisitions; and
  • Working with Compliance – including on fraud, anti-money laundering and regulatory and licensing matters.

Profile Overview

We are looking for an enthusiastic lawyer with solid proven commercial legal skills as well as knowledge or interest in financial regulation. You will be used to an in-house environment and be ready to hit the ground running at a fast-growing FinTech. 

We operate in around 200 countries and so someone with international experience and a real willingness to engage with different cultures and styles is key.

The role will involve briefing very senior stakeholders so somebody who understand the importance of seeing the big picture and using the right tone and language to discuss legal issues will be key.

Last but not least, intellectual curiosity and desire for breadth of workload is important.  You will rarely encounter the same issues each day and the right candidate for this role will see that as an advantage.

Skills, Experience and Attributes

  • Qualified Solicitor with excellent academic credentials (minimum 2:1)
  • In-house commercial experience (ideally in financial services)
  • Desire for a broad focus and to learn something new every day
  • Training from a top 20 UK firm
  • Ability to work efficiently and devote the right amount of time to a matter based on a self-determined materiality threshold
  • Ability to remain calm under pressure
  • Natural commerciality
  • Ideally 5+ years PQE (at least 2 years in-house)
  • Hands-on “can do” attitude
  • Excellent relationship building / interpersonal skills
  • Ability to work under pressure in a fast-paced ever-expanding environment
  • Good communication skills, both oral and written including an eye for detail
  • Foreign language skills (especially French and Spanish) highly desirable
  • Ability to summarise issues succinctly and be flexible and pragmatic with advice.