Regulatory Legal Counsel

Full Time
London, UK
2 weeks ago
  • Are you curious, excited by experimentation and always looking for a better way of doing things?  
  • Do you want to keep learning and developing whilst getting hands-on experience working in the embedded payments space?
  • Do you want to have the opportunity to be part of a dynamic and growing legal team, where you can make a significant impact and contribute to the success of the overall business?

If so, we would love to hear from you!

We are looking to hire ambitious, and value-adding talent to join Modulr, the fastest growing payments business in the UK and Europe. As a Regulatory Lawyer, you will have the opportunity to join our in-house legal team, playing a pivotal role in supporting the rapid growth of our business, within a complex and fast changing regulatory market. This is an exciting opportunity to be part of a thriving organisation and be a subject-matter expert in the team.

About us

At Modulr, our vision is a world where all businesses are powered by embedded payments. Modulr enables businesses, from SMEs to Enterprise, across the UK and Europe to efficiently pay-in, collect and disburse funds instantly via a range of payment schemes, accounts, and card products.

We have created an industry-leading API platform with comprehensive online tools and access, to meet the demands of daily business payments. We are connected to an expanding network of accounting and payroll platforms, including Sage, Xero, BrightPay and IRIS. Our payments expertise and extensive product capability enables us to build tailored solutions to solve complex payment problems for hundreds of clients in a range of industries, including Travel, Merchant Payments, Lending, Wage Advance, and Investment & Wealth.

We are deeply integrated into the payment eco-system. In the UK, we are direct participants of Faster Payments and Bacs. Modulr hold settlement accounts at the Bank of England. Our payment network connectivity includes CHAPS, Open Banking, SEPA, SWIFT and account issuance in 11 currencies. We are principal issuing members of Visa and Mastercard schemes across UK and Europe.

Our regulatory permissions and governance structure are the foundations of our business. We are regulated and supervised as an Authorised Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank.

Our founding team has a wealth of experience in the payments industry and growing successful businesses. Modulr is backed by the venture arms of payments giants PayPal and FIS, as well as growth investors Blenheim Chalcot, General Atlantic, Frog Capital and Europe.

Modulr now has over 400 employees spread globally across offices in London, Edinburgh, Amsterdam, and Mumbai.

Modulr values

  • Building the extraordinary; going that extra mile
  • Owning the opportunity; be passionate and proud of the time you invest
  • Move at pace; reach goals faster whilst supported on your career journey.
  • Achieve it together, working collaboratively and being a Modulite

The team

We're looking for a Regulatory Legal Counsel, who has in-house experience. You will join a team of 4, including a Senior Legal Counsel, two other Legal Counsels and a Paralegal, work alongside the wider legal team who are responsible for all legal matters affecting Modulr.

About you

The successful Regulatory Legal Counsel will have a track-record in delivering results in a fast-moving scaling business and hence you must be comfortable with change and uncertainty. More specifically the ideal candidate will have:

  • Record of accomplishment in a similar role eager to push and contribute to a scaling business.
  • Deep knowledge of E Money Regulations and Payment Services Regulation.
  • Strong understanding of the FCA's approach to regulation.
  • Experience advising EMIs or PIs in the payments sector.
  • An optimistic outlook, can-do attitude and open personality that likes to have fun at work as well as getting the job done.
  • Excellent stakeholder management experience, as it is essential to being a success in this role. 
  • c8 years PQE, ideally from a top tier private practice firm experience with in-house experience from a Fintech or high-growth firm (or bank).

What can Modulr offer you

You will be part of a cross disciplinary team(s), with co-workers located in Edinburgh, London, Amsterdam, and India. We are friendly and sociable, challenging but rewarding. We want you to push yourself and for us to support you in your future as we scale up and grow.

  • Share Options Incentive Scheme.
  • Company Bonus - the more successful we are together, the greater the reward.
  • Flexible benefits - £1000 to spend on a variety of benefits for you to choose from which suit your lifestyle and needs. Including Private medical insurance, gym membership, health checks etc.
  • Perkbox - enjoy freebies and discounts on many other products and services.
  • 33 days holiday (including bank holidays) & your birthday off - choose which days you take off to relax and/or spend time with loved ones.
  • Learning Opportunities – on joining Modulr you will embark on our 3-day onboarding programme, called ModStart, to be equipped with the Modulr know-how and arm you with the tools you need to be successful from day 1! But we do not want your learning to stop there so we will continue to provide you with the tools and capabilities through our learning channels, platforms, and Buddy allocation to allow you to grow and develop in Modulr.
  • Modulr hands-on - join your colleaguesfor our company wide events throughout the year.
  • Great workspace - Modulr thrives on innovation which is best done through in-person collaboration. This approach enables us to work together closely, exchange ideas, and create innovative solutions that drive our success. We ask our team members to be based in the office 4 or more days a week. We have state of the art offices located in WeWork in Edinburgh, ScaleSpace in London, and WeWork in Amsterdam.
  • Bike to work / E-bike scheme.

ModInclusion

At Modulr, we are working hard to build a more positive diverse and inclusive culture that helps everyone to feel they belong and can truly bring their whole self to work. Not only is it the right thing to do for everyone in the Modulr team, it’s also the right thing to do for our business, the community we operate in and attracting future talent. As part of our approach, we actively welcome applications from candidates with diverse backgrounds.

#LI-GH1

#LI-Onsite

By submitting your CV you understand that we have a legitimate interest to use your personal data for the purposes of assessing your eligibility for this role.  This means that we may use your personal data to contact you to discuss your CV or arrange an interview, or transfer your CV to the hiring manager(s) of the role you have applied for.  You can ask us at any time to remove your CV from our database by emailing peopleops@modulrfinance.com – but please note that this means we will no longer consider you for the role you have applied for.