Senior Legal Counsel, Insurance
Senior Legal Counsel, Insurance
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Were on a mission to make money 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/Cardiff/UK Remote circa 100000 Benefits Hear from the team
Were on a mission to make money 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 as personal 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
Hear from our UK team about what its like working at Monzo
Our Legal team
Were looking for a Senior Legal Counsel Insurance to join our team at Monzo and help us build one of the best most innovative banks in the world. This role will be the lead lawyer for our new and growing insurance distribution business. This role will report to the Head of Legal for Wealth Products and is part of the Monzo Bank Legal team in the Legal & Board Governance Collective at Monzo.
In this role youll work closely with the Insurance Squad to build and deliver Monzos insurance products and support the team in making insurance accessible for everyone. Youll work at all levels in the organisation and with a widerange of stakeholders from Product Managers and Designers to Operations professionals and Software Engineers and Risk and Compliance. You will be the go to for all things legal and regulatory and an important part of a team trying to change the insurance market for the better.
Youll play a key role by...
- Being a trusted adviser and partner to the Insurance team helping them build beautiful products and create effective customerjourneys in the Monzo app whilst meeting our regulatory requirements.
- Advising on the development of our insurance offering including expanding the range of insurances we offer and integrating services into the Monzo app.
- Supporting the Insurance team in managing third parties involved in our insurance offering (e.g. underwriters and thirdparty administrators).
- Equipping the team to deal with developments in the regulatory landscape for insurance working closely with Compliance colleagues on all things regulatory.
- Working with Risk and Control closely to help the team identify and manage legal and regulatory risks relating to the insurance business
- Prioritising thoughtfully to continuously operate with the highest impact.
- Developing and implementing processes and procedures to increase the efficiency and scalability of insurance legal advice across the Monzo Group.
- Delivering training sharing insights from your work and helping educate others on insurance.
- Managing relationships with our external legal counsel and ensuring we are optimising our legal spend on insurance matters.
Wed love to hear from you if
- You have experience advising on general insurance and/or life insurance and a solid grounding in directtocustomer distribution with a minimum of around 5 years relevant post qualification experience (or equivalent).
- You have outstanding technical skills and strong knowledge of regulatory and commercial issues in general insurance and insurance distribution preferably having spent time both in private practice and in house at a financial institution or fintech.
- You are a team player and natural collaborator who is passionate about effecting change whilst being goalsfocussed and impactdriven.
- You are a strategic thinker a strong communicator and a keen problem solver who knows how to assess risk and recommend solutions that balance business and risk perspectives
- You are willing to jump in and handle a wide range of legal issues even outside your core areas of expertise in a proactive and resourceful way 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 welcome diverse perspectives think rigorously and critically and arent afraid to challenge assumptions
- Youve an open and curious mind you are passionate about the intersection of banking and technology and what we are doing here at Monzo excites you!
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! PQE is a guide only.
The interview journey has 3 key steps
- Recruiter call (potentially followed by an initial call with the Head of Legal Wealth Products)
- Role specific interview
- Values interview
You may also be asked to meet with key members of the Insurance and Legal teams after these stages for a coffee chat.
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
Your compensation package:
c.100000 base salary (subject to experience) 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
#LIREMOTE
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 2024 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
