• Senior Legal Counsel

    Job Locations UK-London
    Posted Date 3 months ago(5/22/2018 9:10 AM)
    Company Name
    UK - 118118 Money
  • Overview

    Based in Milton Keynes or London, this is an exciting and challenging position for a highly motivated and energetic individual who is looking for the next step in their career. You must enjoy working in a very fast-paced, highly flexible, dynamic environment and you will have a background and enthusiasm for financial services regulation and general contracts. The role will be responsible for all aspects of a set of consumer lending products for 118 118 Money.  This position will report to the Chief Legal Officer of 118 118 Money (who is on the management board of 118 118 Money), and work closely with the operations and compliance teams. 

    118 118 Money is a significant financial services business offering personal loans to customers who may find it hard to get credit from their banks, but don’t want to go down the route of a payday loan.  Launched in 2013, we came to shake up the traditional UK financial services industry with our unsecured personal loan product. Always looking to challenge the status quo, we also recently launched the 118 118 Money Card, the first ever subscription-based credit card on the UK market.

    You will provide assistance and support in a wide variety of legal and regulatory matters. You will thrive in a project environment by assisting with the drafting and negotiating of commercial contracts and terms of use supporting new and existing business ventures. This is a role for a talented professional who has excellent stakeholder management skills, tremendous self-motivation and the ability to handle multiple requests under very tight deadlines. It also offers excellent career prospects as you join at a point when we are looking to continue to expand and develop the legal team as the number of product lines grows rapidly.



    • Negotiating, drafting and reviewing a variety of commercial contracts, including customer and supplier agreements in the areas of technology, outsourcing, electronic commerce, data privacy and security and general commercial contracting.
    • Liaising with external lawyers in relation to outsourced legal matters.
    • Handle small claims from consumers.
    • Leading on corporate governance matters including maintaining policies relating to the governance and operation of the business as a whole.
    • Horizon scanning to proactively stay abreast of legal and regulatory developments affecting the business and advising and building awareness of senior company leadership on legal, regulatory and compliance risks associated with running a consumer lending business.
    • Maintaining and building upon good relationships with external regulatory bodies and industry groups.


    • Qualified solicitor with solid post qualification experience. Ideally some in-house experience, either from an in-house role or via a secondment in private practice.
    • Ideally your key skills will be within the following practice areas: payment services law; consumer protection law; FCA policies and regulation; and GDPR.
    • A good working knowledge of contract/commercial law relating to above practice areas, including a general awareness of the sorts of legal issues affecting FinTech businesses.
    • Demonstrated ability to effectively work independently, set priorities, meet deadlines, and to manage multiple projects in an extremely fast paced start-up environment – whilst still always maintaining accuracy and attention to detail.
    • Excellent communication and presentation skills. Capable of communicating effectively and professionally with regulators, highly technically astute boards and management regarding difficult and complex issues.



    Please be aware that should we pursue your application, all our employees will be expected to complete a full CRB & Credit check to comply with regulatory requirements.





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