FAQs
What is the main purpose of the Regulatory (Payment) Legal Counsel role?
The main purpose of the Regulatory (Payment) Legal Counsel role is to provide legal expertise on payment regulations, facilitate collaboration among various teams, ensure compliance with legal and regulatory requirements, and enhance the efficiency of managing payment-related legal issues within the Group.
What educational qualifications are required for this position?
A UK Bachelor’s or Master’s degree in Law or a related field is required for this position.
What experience is preferred for candidates applying to this role?
Candidates should have substantial practical experience and extensive knowledge in banking, payments, e-money regulatory regimes, financial services permissions requirements, and developing customer agreements compliant with regulatory standards.
Are strong negotiation and drafting skills necessary for this role?
Yes, strong negotiation and drafting skills for payment-related contracts and agreements are essential.
Is this role focused only on legal issues, or does it involve collaboration with other teams?
This role involves collaboration with various teams, including Legal, Compliance, Business, Product Development, and Operations, to ensure alignment on payment-related legal and regulatory matters.
What kind of compliance obligations will the Regulatory Counsel be responsible for?
The Regulatory Counsel will ensure that all Group payment entities comply with applicable payment and financial regulations, including consumer protection and data privacy regulations.
Does this position involve handling customer agreements and contracts?
Yes, the position involves drafting, reviewing, and negotiating customer agreements, partnership agreements, and vendor contracts related to payment services.
Is prior experience in a high-growth environment beneficial for this role?
Yes, experience in a high-growth or scale-up environment is considered a plus for this role.
Will the Regulatory Counsel handle internal audits and risk assessments?
Yes, the Regulatory Counsel will lead internal audits and risk assessments related to payment operations to identify and mitigate compliance risks.
Is knowledge of global payment regulations important for this position?
Absolutely, a deep understanding of global payment regulations, licensing frameworks, and compliance standards is crucial for this position.