Legal Counsel

Are you curious, excited by experimentation and always looking for a better way of doing things?

Do you want to keep learning and developing whilst getting hands-on experience working in the embedded payments space?

Do you want to have the opportunity to be part of a dynamic and growing legal team, where you can make a significant impact and contribute to the success of the overall business?

If so, we would love to hear from you!

We are looking to hire ambitious, and value-adding talent to join Modulr, the fastest growing payments business in the UK and Europe. As a dynamic and commercially minded lawyer, you will have the opportunity to join our in-house legal team, playing a pivotal role in supporting the rapid growth of our business across various legal aspects. This is an exciting opportunity to be part of a thriving organisation and become an instrumental member of our legal team.

About us

At Modulr, our vision is a world where all businesses are powered by embedded payments.

Modulr enables thousands of businesses, from SMEs to Enterprise, across the UK and Europe to efficiently pay-in, collect and disburse funds instantly via a range of payment methods, accounts, and card products.

We’ve created an industry-leading platform with comprehensive online tools and API access, to meet the demands of daily business payments. We are connected to an expanding network of accounting and payroll platforms, including Sage, Xero, BrightPay and IRIS. Our payments expertise and extensive product capability also enables us to build tailored solutions to solve complex payment problems for hundreds of clients in a range of industries, including Travel, Merchant Payments, Lending, Wage Advance and Investment & Wealth.

We are deeply integrated into the payment eco-system. In the UK, we are direct participants of Faster Payments and Bacs, and hold settlement accounts at the Bank of England. Our payment network connectivity includes CHAPS, Open Banking, SEPA, SWIFT and account issuance in 11 currencies. We are principal issuing members of Visa and Mastercard across UK and Europe.

Our regulatory permissions and governance structure underpin our business. We are regulated and supervised as an Authorised Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank.

Our founding team has a wealth of experience in the payments industry and growing successful businesses. Modulr is backed by the venture arms of payments giants PayPal and FIS, as well as growth investors Blenheim Chalcot, General Atlantic, Frog Capital and Highland Europe.

Modulr now has over 400 employees spread globally across offices in London, Edinburgh, Amsterdam and Mumbai.

Modulr values

Building the extraordinary and going that extra mile

Owning the opportunity, be passionate and proud of the time you invest

Move at pace, reach your goals faster with us supporting you each step of the way

Achieve it together, working as a team and being a Modulite

The role

We're looking for a Legal Counsel, who has in-house experience. You will join a team of 4, including a Senior Legal Counsel, two other Legal Counsels and a Paralegal, work alongside the wider legal team who are responsible for all legal matters affecting Modulr. This includes negotiating and agreeing client contracts, dealing with a wide range of supplier contracts including key banking relationships but also in technology, employment, marketing and property. You will also deal with a wide range of issues and projects on which to give advice and contribute to which provide a significant amount of variety to your day-to-day activities.

Within the legal team you will have a key role to play within the business to ensure that Modulr contracts with counterparties efficiently and continues to grow while assessing and managing risk appropriately. The legal team is also responsible for continuing to build the legal function, making it scalable for the future, including the use of technology and tools, proper and adequate governance, templates, and processes ensuring that they’re implemented and embedded in the organisation. Giving strategic and regulatory advice is also a requirement of the legal team. All legal advice and work is required to be given with particular regard to the commercial context, therefore the legal team works very closely with each business function.

Each member of the legal team shares responsibility for work across the business, meaning that there is a wide variety of work with plenty of opportunity to focus on what particularly interests you. As Modulr continues to grow, there will be greater possibilities to get involved across the business on many projects, initiatives, and geographies, and you will have the opportunity to be a key influence on the wider business.

Specific duties

The successful Legal Counsel will be comfortable in making decisions, driving progress and change within the function.

You will be a good fit if:

You enjoy giving legal advice and applying your legal knowledge in a highly practical and commercial context.

Have strong and effective communication and inter-personal skills.

Be highly adaptable and open to a varied role.

Comfortable discussing the commercial and practical aspects of business decisions as well as purely legal.

Confident, dynamic, and approachable in order, for example, to sometimes give initial steers and advice on the spot.

You care about protecting the business, whilst also supporting rapid growth.

You are structured and organised, able to handle the competing pressures of immediate legal tasks and work alongside longer-term projects.

You are comfortable working in a high paced environment, where time is critical, and things change frequently.

About you

The successful Legal Counsel will have a track-record in delivering results in a fast-moving business and hence be comfortable with change and ambiguity.

You will have:

Excellent stakeholder management experience, as it is essential to being a success in this role.

Record of accomplishment in a similar role eager to push and contribute to a scaling business.

Sufficient post-qualification experience.

An optimistic outlook, can-do attitude and open personality that likes to have fun at work as well as getting the job done.

Desire to work in the world of FinTech and be excited to being part of a fast-scaling business.

In-house experience. (regulated industry experience or payments a big plus).

What can Modulr offer you

You’ll be part of a cross disciplinary team(s), with co-workers located in Edinburgh, London, Amsterdam and/or India. We are friendly and sociable, challenging but rewarding. We want you to push yourself and for us to support you in your future as we scale up and grow. Our culture and values are putting you first and are about investing in your future.

Share Options Incentive Scheme

Company Bonus - the more successful we are together, the more company bonus we offer

Flexible benefits - £1000 to spend on a variety of benefits for you to choose from which suit your lifestyle and needs

Perkbox - enjoy freebies and discounts on many other products and services

33 days holiday (including bank holidays) + your birthday off - choose which days you take off to relax and/or spend time with loved ones

Learning Opportunities – on joining Modulr you will embark on our 3-day onboarding programme, called ModStart, to be equipped with the Modulr know-how and arm you with the tools you need to be successful from day 1! But we don’t want your learning to stop there so we will continue to provide you with the tools and capabilities through our learning channels, platforms and Buddy allocation to allow you to grow and develop in Modulr.

Modulr All hands - join your colleagues for our company wide events throughout the year

Great workspace - Modulr thrives on innovation which is best done through in-person collaboration. This approach enables us to work together closely, exchange ideas, and create innovative solutions that drive our success. We have state of the art offices located in WeWork in Edinburgh, ScaleSpace in London, and WeWork in Amsterdam.

Bike to work scheme

ModInclusion

We believe that by seeing Modulr, and the world, from all sorts of angles, we can make life better for all. We want you to know that the things that make you, you — like your identity, age, ability, and background — are things that we will always celebrate and support with open arms. As such, we are keen to maximise the diversity of our workforce and actively encourage applications from anyone and everyone.

#LI-GH1

#LI-Onsite

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