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Legal counsel

London
Bits
Legal counsel
Posted: 13 July
Offer description

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This range is provided by Bits. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.


Base pay range

About Bits

Bits is an innovative financial technology company that is revolutionising the way people build credit.

We are dedicated to helping consumers, especially the underbanked and marginalised, access credit and improve their financial wellbeing. With a focus on individuals in the UK and the US, we are on a mission to empower the next generation to live a healthy and strong financial life. Our core product is a credit card.

As a young and dynamic company, we have experienced rapid growth since our founding in 2018. We are backed by Y Combinator, which is the investor behind Stripe, Airbnb and Dropbox.

Please note that this role requires working from the office five days a week, and unfortunately, we are unable to provide visa sponsorship.

About the Role:

We are looking for an ambitious and creative in-house lawyer to join our team. In this role, you will provide legal support across various operational functions, ensuring that our practices comply with applicable laws and regulations. You will work closely with the CEO and other cross-functional teams, providing strategic legal advice, conducting legal research, and contributing to the development and execution of compliance policies and procedures. Ideal candidates will possess a deep understanding of relevant regulatory frameworks and demonstrate exceptional analytical and problem-solving skills.

Key Responsibilities:


* Apply legal expertise and lateral thinking to our growing suite of products to ensure compliance with applicable laws and regulations
* Take ownership of the firms legal position: work directly with the CEO to set up, improve and maintain the internal processes required to ensure compliance with our legal obligations and regulatory expectations.
* Take ownership of the consumer contracts for our various products, drafting new ones for our new products and amending the existing ones when and as necessary.
* Assist the team in all FCA communications, applications, etc.

Requirements

* Qualified as a Solicitor in England and Wales with a few years PQE and knowledge of the UK financial regulatory landscape, including the FCA
* Business-driven, solutions-oriented mindset and lateral thinking
* Ability to take ownership for business outcomes, and manage varied work-streams
* Right to work in the UK
* Ability to work from our Camden offices at least 3 days per week

Benefits

Whats in it for You:

* Impactful Mission: Youll play a key role in scaling our platform to support the next million Bits users, contributing to a product thats changing lives
* Dynamic Work: Forget the mundane. Youll be in a role where you get to develop skills in multiple practice areas, and every day brings a new challenge

Salary and Benefits:

* £70,000 to £200,000 plus equity, depending on experience
* Private health insurance
* 28 days holiday annually, inclusive of bank holidays
* Choose your hardware.

And if theres something else you desire (within reason), were all ears. We want you to be happy, fulfilled, and proud to be part of Bits.

The Interview Process

* A quick introductory call
* A short take-home assignment
* A final round, introduction to our CEO and founder


Seniority level

* Seniority level

Associate


Employment type

* Employment type

Full-time


Job function

* Job function

Legal
* Industries

IT Services and IT Consulting

Referrals increase your chances of interviewing at Bits by 2x

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