Job Description
Who are we?
OpenPaydis a leading global payments and banking-as-a-service platform for the digital economy. ThroughitsAPI-driven technology, businesses can embed financial services into their products and create the seamless user experiences needed to drive business growth.
OpenPayd’splatform removes the need to contract with multiple providers for different services and across different markets. Instead, businesses can access accounts, FX, international and domestic payments, and Open Banking services globally via a single API integration. OpenPaydis committed to providing businesses with a fully compliant solution across all markets, leaving your business to focus on growth.
Our Mission
Our mission is to ‘To open up banking and payments for business globally, through a modular platform’. We believe that all businesses regardless of their scale or industry should be able to leverage the best payment and banking services. We believe in providing our services through a simple, flexible, and scalable platform.
About the Role
You will report to the Group General Counsel, Richard Given . Together with the regulatory lawyer, you will make up that part of the legal team that’s in the UK. Using Zoom, Teams, Slack etc. you will work closely alongside the rest of the legal team in Bulgaria (you would not normally be expected to travel to Bulgaria more than once in a year). You will provide general corporate and commercial legal support across the business, supporting the Group’s requirements here in the UK as well as Malta and across the EU. You will work closely with teams across the business, including Sales, Compliance, Risk, Finance, Information Security, and the Technology Team.
We recognise that in-house lawyers may need to change employer to get a promotion and do not pretend otherwise. No-one can know the trajectory of this role. While we would love nothing more than for you to stay with us, we are committed to giving the successful candidate the support and development opportunities they need to give them the best possible chance of getting that promotion when the time is right, whether it is within OpenPayd or not. Our leadership places a high value on continuous development, both professional and personal.
It is important for OpenPayd that you always remember that you are first and foremost a solicitor or barrister . We recognise the inherent conflict between the requirements for independence and the fact that your “client” is your employer. OpenPayd needs its lawyers to ensure that the legal advice and support provided is mindful of those professional obligations.
You will be initially focused on drafting and negotiating commercial contracts with customers and suppliers, both in the UK and overseas and overseeing adherence to the contractual obligations in those agreements. This will involve supporting and working closely with our Senior Legal Counsel in Bulgaria who has overall responsibility for our customer engagements. In time, we would also look for you to support the Group General Counsel in the delivery of the group’s strategy as and when the need arises.
Examples Of What Else This Might Involve
· Understanding of flow of funds for Customers (and their end-users) and how these relate to our Banking partners and compliance requirements
· Analysing the regulatory regime applicable to the proposed use case for Customers and confirming the requirements for accepting the proposed business flows
· Supporting the Data Privacy Officer and the Finance teams on managing the intra-group arrangements to comply with relevant legal and regulatory requirements in each jurisdiction.
· Supporting the development and maintenance of appropriate templates and processes across the group to facilitate self-service and to empower colleagues within the Group’s risk appetite
· Reviewing group policies and processes in support of the Risk Function
· Supporting the customer success team on monitoring contract compliance and putting in place any amendments or variations required as engagements evolve
· Providing training as required to colleagues on the use of templates, adherence to policies etc.
We’re looking for self-starters who can demonstrate excellence in their current fields and who are eager to learn new things. We work hard, offering rapid skills development and the opportunity to learn everything about the payments industry. If you join the team, you'll experience a fun and thriving office culture , with perks and events to suit you.
Requirements
Normally, at this stage in a job description, there is some identikit statement about the need for a 2:1 from a Russell Group University (or similar) and experience at some “topflight” law firm. There is also often included an expectation of “at least [x] years post qualification experience in financial services or fintech”.
There is a reason that this is not included here. Whether that is you or not, we would love to hear from you. We are looking for someone who is well-rounded, can work independently and is not afraid to “roll their sleeves up and get stuck in”. It is about being creative in solving issues where the focus is not on “winning at any cost” rather finding ways for OpenPayd to be successful that also support the customers’ goals.
We welcome and promote diversity amongst our people; diversity of thinking is critical to the success of any business, and this is as true in the legal function as elsewhere in the Group. Excellent command of the English language is a requirement. Previous experience in either an online payments or financial services environment (e-wallets, banking, online-processing) would, of course, be ideal. However, any experience of working in a regulated environment would also be a positive.
You may not be a member of the Law Society or the Bar Council in the United Kingdom. You may have undertaken your training in-house or just not in a ‘traditional’ law firm. You may have taken a career break for several years. Your journey may just not be considered ‘standard’. We believe these are things that can enrich a candidate and do not disqualify them.
OpenPayd operates a hybrid approach to working. As the needs of the business evolve, the approach will flex accordingly. Currently, we are expected to be in the office, on average, three days a week and to attend face to face meetings where it makes sense to be “in the room”. Otherwise, we are just expected to have an appropriate working environment with stable broadband.
It will surprise no-one that OpenPayd is committed to paying a competitive salary for this role. We have purposively decided not to state a salary range. It will depend on the level of experience and expertise the successful candidate brings to the role. We do not want to dissuade anyone from applying because the salary we might put here is at the wrong level. To that end, if you are happy to do so when applying, please let us know what your salary expectations are. Equally, it is fine if you would prefer not to, and we will discuss it at the appropriate time.
If you think this role might be one for you, please send us your CV as well as a cover letter telling us your story and why you think OpenPayd could be the right fit for you and why you could be the right fit for OpenPayd. Richard will be reviewing every application. He wants to do everything to limit unconscious bias and, therefore, it would be very helpful if you could structure your documents such that they can easily be anonymized before they are shared with him.
Please submit CV's with your initials only and without your full name.
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We are looking forward to receiving your CV.
OpenPayd Talent Team
To all recruitment agencies:OpenPayd does not accept speculative agency resumes. Please do not forward resumes to our jobs alias, OpenPayd employees or any other company location. OpenPayd is not responsible for any fees related to unsolicited resumes. OpenPayd will only accept CV's from the partners with relevant agreement via the People and Talent team only.
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