Senior Legal Counsel - Employment Incentives Pensions
Senior Legal Counsel - Employment Incentives Pensions
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Job Description
Were on a mission to work for everyone.
Were waving goodbye to the complicated and confusing ways of traditional banking.
After starting as a prepaid card our product offering has grown a lot in the last 10 years in the UK. As well aspersonal and business bank accounts we offer joint accounts accounts for 1617 year olds a free kids account and credit cards in the UK with more exciting things to come beyond. Our UK customers can also save invest and combine their pensions with us.
With our hot coral cards and getpaidearly feature combined with financial education on social media and our award winning customer service we have a long history of creating magical moments for our customers!
Were not about selling products we want to solve problems and change lives through Monzo
London or Remote UK(based on experience level) stock options benefits
Our Legal team
Were looking for a Senior Legal Counsel Employment Incentives & Pensions to join our team at Monzo and help us build one of the best most innovative banks in the world. This role will have daytoday responsibility for advising on employment incentives and pensions (EIP) related matters in a regulated bank environment. This role will report to Monzos Director of Legal EIP and is part of the Group Centre EIP team in the Legal & Board Governance Collective at Monzo which supports Monzo Group and its operating entities globally.
In this role you will work at all levels in the organisation and in close partnership with our People Reward Risk & Compliance and Finance teams as well as in collaboration with senior Legal team stakeholders as the business develops into a matrix organisation. Youll lead on a wide range of EIP related legal matters with opportunities for growth in role as the business scales in the UK and internationally.
Youll play a key role by...
- Providing strategic employment legal advice and commercial solutions on EIP matters impacting the Monzo Group as a whole as well as its subsidiary legal entities. Work closely and collaboratively with Monzos Director of Legal EIP and the other Senior Legal Counsel EIP lawyer as well as with the broader Group Centre Legal team plus local entity GCs and their teams.
- Being a trusted adviser and partner to the People team including in developing policies procedures guidance and templates relevant for a range of EIP legal matters.
- Providing EIP advisory legal support to the business as required across the entire employee life cycle from hiring (including executive service contracts) people processes and departures.
- Managing any contentious EIP legal matters in conjunction with external counsel.
- Working with Monzos Reward team on compensation arrangements and remuneration policies and practices in a bank regulatory compensation framework.
- Providing legal support to the corporate and commercial legal functions including on TUPE.
- Supporting international projects and matters in the EU and US as the business continues to scale.
- Working proactively and collaboratively with members of the wider Legal People Reward Tax Risk & Compliance & Finance Collectives on a variety of EIP related matters.
- Developing and implement internal frameworks processes and procedures to increase the efficiency and scalability of EIP legal advice across the Monzo Group and its subsidiary entities.
- Delivering training share insights from your work and help educate others on EIP matters.
- Managing relationships with our external legal counsel and work with others in the Collective to ensure we are optimising our legal spend on EIP matters and obtaining best value.
Wed love to hear from you if
- You are an experienced commercial and pragmatic employment lawyer with at least 6 years PQE or equivalent experience.
- You have an excellent technical grounding in all aspects of employment law having spent time in private practice and ideally time in house at a bank and/or other financial institution.
- You have experience advising on employmentrelated regulatory issues which arise in financial services such as SMCR and FCA Code of Conduct and wider Remuneration Code matters.
- You have experience of advising on incentive structures including share options plus an awareness of workplace defined contribution pension arrangements.
- You are a strategic thinker a strong communicator and a keen problem solver who can recommend solutions that balance business and risk perspectives.
- You are willing to jump in and handle a wide range of EIP related legal issues that may arise even outside your core areas of expertise in an enthusiastic proactive and resourceful manner and can sensibly assess when best to engage external counsel in a costeffective way.
- You are comfortable operating at all levels of the organisation up to the Executive and liaising with a variety of internal and external stakeholders.
- You enjoy horizon scanning proactively assessing risks and quickly identifying and independently implementing mitigating actions. You are always looking for new ways to improve the efficiency and scalability of legal processes and systems.
- You have a dynamic and entrepreneurial approach and are comfortable with the ambiguity of a fastpaced and rapidlyevolving environment.
- Youve an open and curious mind are passionate about the intersection of banking and technology and are excited to join us for the next stage of our journey at Monzo!
Not ticking every box Thats totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo were dedicated to creating an inclusive and welcoming team. If youre passionate about this role and keen to learn and grow with us we encourage you to apply even if you dont have everything thats listed just yet. Drop us your application wed love to hear from you! Inhouse experience in financial services is preferred but is not essential for the right candidate. PQE is a guide only.
The application journey has 3 key steps
- Recruiter call (potentially followed by an initial call with Director of Legal EIP)
- First stage 1 hour role specific interview
- Second stage 1 hour behavioural interview
Our average process takes around 34 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us on .
Well only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you dont miss out.
Your compensation package:
base salary stock options
We can sponsor visas
This role can be based in our London office but were open to distributed working within the UK (with ad hoc meetings in London).
We offer flexible working hours and trust you to work enough hours to do your job well at times that suit you and your team
Learning budget of 1000 a year for books training courses and conferences
And much more see our full list of benefits here
#LIDH1
Equal opportunities for everyone
Diversity and inclusion are a priority for us and were making sure we have lots of support for all of our people to grow at Monzo. At Monzo were embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog 2023 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.
Were an equal opportunity employer. All applicants will be considered for employment without attention to age ethnicity religion sex sexual orientation gender identity family or parental status national origin or veteran neurodiversity or disability status.
If you have a preferred name please use it to apply. We dont need full or birth names at application stage
Required Experience:
Senior IC
Employment Type
Full Time
