Tech and Contracts Lawyer, Starling Bank

Retail and Commercial Legal Team

Salary not provided
Senior and Expert level
London

More information about location

1-5 days a week in office

Starling Bank

Mobile-first bank offering personal, joint and business accounts

Be an early applicant

Starling Bank

Mobile-first bank offering personal, joint and business accounts

1001+ employees

FintechB2CB2BBankingPersonal financeLendingCredit cardsFinancial Services

Be an early applicant

Salary not provided
Senior and Expert level
London

More information about location

1-5 days a week in office

1001+ employees

FintechB2CB2BBankingPersonal financeLendingCredit cardsFinancial Services

Company mission

Anne Boden founded Starling with a clear goal: to build a bank that would help you manage your money, all from one app. Their vision is to give everyone clarity and control over their money so they have the opportunity to enjoy a healthy financial life.

Role

Who you are

  • You will be a UK qualified lawyer with around 2-5 years PQE (note PQE is a guide only), with financial services regulatory and commercial contracts experience
  • Excellent real life experience in drafting, advising and negotiating a range of different third party supplier commercial contracts in a financial services context
  • Excellent real life experience in advising on data protection issues (especially from a supplier arrangement perspective)
  • You will be capable of working in a fast-paced environment, and be keen to grow and develop within the organisation
  • Excellent stakeholder management and influencing skills
  • In-house experience would be ideal but is not essential for the right candidate
  • Nice to have: real life experience in advising on financial services products and services

What the job involves

  • For this role, you will be part of the Retail & Commercial Legal team and will report into the Managing Counsel of this team
  • The Retail & Commercial Legal Team overall delivers the legal advice for retail banking products and channels, data protection, IP, Marketplace, Starling Banking Services and commercial contracts including for third party suppliers
  • You will have significant exposure to senior stakeholders across the bank
  • This role will focus on commercial contracts and related matters
  • This role represents a fantastic opportunity to join a growing Legal team and make your mark at one of the world’s most exciting fintechs
  • Drafting and negotiating a full range of commercial agreements (e.g. marketing, IT, technology, outsourcing) to support the development of Starling. This includes third party supplier contracts in a financial services context
  • Helping to advise on privacy and data protection matters in terms of supplier arrangements and agreements
  • Managing multiple projects (often to tight deadlines) and supporting colleagues to ensure business and enterprise-wide initiatives are executed in a timely and accurate manner
  • Advising on the issues relevant to the products/ services, contracts and matters required to run a regulated financial services company
  • The opportunity where required, to advise on legal and regulatory issues across Starling’s retail banking products including the drafting of customer facing terms and conditions
  • Instructing and working with outside counsel where necessary on specialist matters

Salary benchmarks

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Insights

Led by a woman
Top investors

43% female employees

40% employee growth in 12 months

Company

Company benefits

  • 25 days holiday (plus take your public holiday allowance whenever works best for you)
  • An extra day’s holiday for your birthday
  • Annual leave is increased with length of service, and you can choose to buy or sell up to five extra days off!
  • 16 hours paid volunteering time a year
  • Salary sacrifice, company enhanced pension scheme
  • Life insurance at 4x your salary & group income protection
  • Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
  • Generous family-friendly policies
  • Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
  • Access to initiatives like Cycle to Work, Salary Sacrificed Gym partnerships and Electric Vehicle (EV) leasing
  • Incentives refer a friend scheme

Funding (last 2 of 11 rounds)

Apr 2022

$171.8m

LATE VC

Jun 2021

$46.1m

LATE VC

Total funding: $1.1bn

Our take

Starling started life focused on consumer banking, they have since found most of their success by competing in the business banking space. They’ve caught up with Tide and beaten the likes of Monzo and Revolut to a more complete offering for businesses.

This progress resulted in them receiving a £100m grant in April 2019 from a body created to boost competition in SME banking, which they're using to accelerate building a full suite of digital banking products: intelligent forecasting tools, and digitally-enabled relationship management functions as well as lending products.

As well as continuing to expand in the UK, they’re expanding in Europe. They’re imminently launching an international bank in Dublin, which will allow Starling to offer its current account across the European Union after Brexit.

Banking for small businesses has historically been ignored even though the experience is poor. Starling is in tune with knowing what their customers want, and they continue to build out their range of third-party products within its banking app thanks to support from its open API. They currently have 11 integrations, including Xero, but that figure continues to grow.

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Steph

Company Specialist at Welcome to the Jungle