Counsel, Credit

ABOUT THE TEAM
The legal department sits at the heart of Revolut and is a core part of the business. Members of the team provide front-line guidance and support to all areas of the company, contributing to decisions that impact on Revolut’s growth every day.
The breadth of work you will encounter (and level of commercial involvement) is pretty unique for an in-house role, from structuring credit programmes to launching into new territories. We hire both generalists (typically corporate/commercial solicitors) as well as specialists (such as compliance), alongside operations analysts, all of whom have a large degree of responsibility for Revolut’s ongoing development and growth.

ABOUT THE ROLE
This is an exciting opportunity to take ownership of the credit product from a legal and regulatory perspective. Our innovative approaches to payments, coupled with an increasingly complex and demanding legal and regulatory environment, provide robust career opportunities for lawyers motivated and driven by a fast paced, cutting edge culture. If you’re a high calibre, experienced and energetic solicitor, with experience in financial services regulation and payment technologies, join our legal team at our headquarters in London.

We are seeking a counsel to join Revolut’s Legal Department to be Revolut’s primary credit legal advisor for our upcoming credit products. This role will report directly to General Counsel.

Counsel will provide general-level support to the Legal Department on a variety of credit-related matters.
 
What you will be doing:
• Helping to advise on SME and consumer credit-related issues and launch any new credit-related products in the UK and Europe
• For all regulated activities, ensure that appropriate regulatory policies, procedures and controls are established, maintained and well documented
• Provide guidance and support to business partners and senior management
• Manage and coordinate any regulatory examinations, including written responses
• Analyze changes to regulatory requirements and proactively handle regulatory developments
• Review new and updated marketing materials in relation to financial promotions assessments 
• Navigate complex regulatory frameworks to design innovative financial products and services
• Identify and draft necessary changes to the firm’s systems and procedures to meet the requirements of new rules/regulations
• Draft agreements, policies and procedures, disclosures, account documentation and website materials
• Research securities and brokerage questions and provide legal analysis and recommendations


WHAT YOU’LL NEED
• Strong experience in advising clients on consumer credit matters (past experience drafting consumer loan agreements, SECCIs and debt collection policies is a big plus)
• Someone who knows their way around the FCA Handbook, in particular around CONC
• Strong client-service and customer orientation and strengths in forming good working relationships
• High degree of independence, initiative and decisiveness
• An enthusiasm and drive for delivering results
• Strong analytical skills and an ability to demonstrate sound legal and business judgment, even in ambiguous situations
• Ability to work independently and also contribute successfully to cross-functional teams
• Excellent organizational skills, and an ability to manage multiple projects at once, to meet deadlines
• Common sense, great judgment, and a good sense of humour
• Thrives working in a fast-paced, high pressure, entrepreneurial environment
• Work hard but have a lot of fun doing it!
 
Minimum qualifications
• Excellent academic and law firm credentials
• Hold a current practicing certificate
• 2+ years PQE of strong experience as a private practice lawyer dealing with financial services at a top law firm (and preferably) some in-house experience as well
• Deep knowledge of relevant legal and regulatory requirements (you know your way around CONC and the Consumer Credit Act)
• Excellent English skills (written and oral) are a must





A LITTLE ABOUT US
We believe that there are better ways for people to control their money. Easier, fairer ways.
Revolut started in 2015 with card transactions abroad without rubbish exchange rates or hidden fees. We’ve since added business accounts, vaults, insurance and even access to cryptocurrency exposure.
We reached 5 million customers in June 2019 and we’re adding another million every quarter.
And we’re only just getting started.
Come and help Revolut build the world’s first truly global bank.

WHAT WE ARE LOOKING FOR
From employee 1 to employee 1000, you will be slotting into a global team that shares a number of traits.
You can work autonomously and take ownership. We thrive with the space and responsibility to solve problems.
You operate best without lots of bureaucracy. We don’t hide behind fancy job titles or clunky processes ‘because that’s how things are done’.
You approach work in a logical way. We are not afraid to make mistakes but we use data and logic to backup decisions and improve understanding.
And you share our mission to improve people’s relationship with their money.

The benefits
• Competitive salary
• Biannual equity bonuses
• All the latest tech you need
• Skip the commute and work from home once a week
• Roll with a free Revolut Metal subscription
• Pension plan
• Private health insurance
• Don’t panic about cooking: get free dinners with Deliveroo
• Start the day properly with fresh fruit and cereals
• Stay refreshed: get juice, tea, coffee and soft drinks on tap
• Rest up with 29 days’ holiday per year

Please only submit an application for one posting.