Legal Counsel (Commercial)
Posted 26 days 16 hours ago by Abound
About the role
We're on a mission to make affordable loans available to more people. We have built award-winning technology to look beyond credit scores and offer fair credit to people ignored by traditional lenders.
We have two parts of our business. On the consumer side, we have Abound. Abound has helped us prove that our approach works at scale. While other lenders only look at your credit score, we look at all of the full picture - what you earn, how you spend, and what's left at the end. We're able to do this thanks to Open Banking.
On the B2B side, we have Render. Render is the platform that allows Abound to make better lending decisions. By better we mean less risky. And less risky decisions mean we can offer customers better rates than they can usually find elsewhere. We're taking Render global so that more companies can offer affordable credit to their customers.
Key focus areas will include:
Reviewing new contracts and contract revisions with clients and third parties. We are a dynamic fintech start-up and so there are always new initiatives needing contractual input.
Supporting the management of our data protection approach and the considerations involved. As a lender, we process a significant amount of customer data and so data protection considerations are high on our list of priorities alongside financial regulation.
Supporting our Embedded Lending business in product structuring
Who you are:
2-4 years of Post-Qualification Experience
Strong contract drafting and negotiation skills
Good working knowledge of UK data protection legislation
Excellent stakeholder management and communications skills
Proven experience of the financial services industry, preferably in consumer credit
Knowledge of the Consumer Credit Act and related legislation will be an advantage
What you'll be doing:
Drafting, reviewing, and negotiating various legal agreements, including contracts with third-party suppliers and Render SaaS clients. You'll communicate directly with third parties as part of new product teams
Reviewing NDAs and negotiating with third parties as needed
Liaising confidently and professionally with clients, vendors, senior lawyers and partners at law firms and internal senior management. You'll need to decide when we need to get advice external counsel
Providing prompt and legal advice to senior management, bringing important risks and issues to their attention and proposing an appropriate course of action
Liaising with external counsel to ensure customer loan documentation is compliant
Why Abound
We're a fast-paced and innovative fintech start up. We're developing new business lines and products. You'll be a key member of the teams developing and launching products, providing input on the legal aspects with a strong commercial focus.
You'll develop your career through the range of exciting projects you'll be working on. You'll have access to senior management and be expected to learn and apply a mature business-focused approach to your work.
We'll support your development to extend an deepen your professional knowledge and skills through courses and training.
What we offer
Everyone owns a piece of the company - equity
25 days' holiday a year, plus 8 bank holidays
2 paid volunteering days per year
One month paid sabbatical after 4 years
Free gym membership
Save up to 60% on an electric vehicle through our salary sacrifice scheme with Loveelectric
Team wellness budget to be active together - set up a yoga class, a tennis lesson or go bouldering