Senior Legal Counsel, Monzo
Data and Cyber
$100k
+ Stock options
We can sponsor visas
Digital-only bank platform and marketplace
Be an early applicant
Digital-only bank platform and marketplace
1001+ employees
Be an early applicant
$100k
+ Stock options
We can sponsor visas
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- You have deep experience in all aspects of data protection, having ideally spent time in private practice, and/or in-house at a bank and/or other financial institution or regulator, or a leading big tech company. You have a minimum of 5 years of relevant post qualification experience (or equivalent)
- You have a genuine interest in data and cyber developments; it’s not just your job but something you’re proud to be a geek about
- You have good experience working with the use of data for advertising and marketing purposes, including the use of the latest tracking technologies
- You have good experience of financial regulation as it intersects with data protection laws and are comfortable with advising on the interplay between these regimes
- You have some experience in AI, particularly key legal issues related to the use of generative artificial intelligence, and an appetite to develop this further
- You have experience in the transactional elements of data protection, including negotiating data sharing agreements, data processing agreements, and standard contractual clauses
- You are passionate about working to advise the business to keep Monzo safe and compliant with our legal and regulatory obligations
- You are a strategic thinker, a strong communicator and a keen problem solver who can recommend solutions that balance business and risk perspectives
- You are willing to jump in and handle a wide range of legal issues that may arise even outside your core areas of expertise in an enthusiastic, proactive, and resourceful manner, and can sensibly assess when best to engage external counsel in a cost-effective way
- You are comfortable operating at all levels of the organisation and liaising with a variety of internal and external stakeholders
- You enjoy horizon scanning, proactively assessing risks, and quickly identifying and independently implementing mitigating actions
- You have a dynamic and entrepreneurial approach and are comfortable with the ambiguity of a fast-paced and rapidly-evolving environment
- You welcome diverse perspectives, think rigorously and critically and aren’t afraid to challenge assumptions
- You have an open and curious mind, are passionate about the intersection of banking and technology and are excited to join us for the next stage of our journey at Monzo!
What the job involves
- We're looking for a Senior Legal Counsel, Data & Cyber to join our team at Monzo and help us build one of the best, most innovative banks in the world
- This role will have day-to-day responsibility for advising on data protection and cyber security related compliance issues
- In this role, you will partner with colleagues at all levels in the organisation and work with a wide-range of stakeholders including but not limited to our Privacy, Growth & Marketing, Supplier Operations, Third Party Risk Management, Security, Risk & Control and Compliance teams as well as working directly with Product teams across Monzo
- No two days are the same in Monzo’s Legal team. This is not your typical legal role; so we’re not looking for a typical person.On any given day you may be advising on the data protection risks of a new product launch, a complex data transformation project, a new direct marketing campaign, how we use new innovative technologies in our advertising ecosystem or the implementation of a novel AI solution
- Ultimately, we’re looking for someone with exceptional technical expertise who is willing to roll up their sleeves and get things done to help deliver products and services that delight our customers, raise standards in our industry, and contribute to the achievement of our mission
- If this sounds right up your street then please get in touch, we’d love to hear from you
- Partner with our first line and second line data protection teams on a range of initiatives and data protection related issues
- Acting as trusted legal advisor to colleagues across the Monzo business to provide pragmatic and scalable legal advice and solutions to complex data related challenges. You will be advising on a range of matters with a heavy focus on marketing, advertising and tracking technologies as well the interplay of data protection requirements with our obligations as a fully regulated bank
- You will also need to provide advice relating to the completion of data protection assessments by our first and second line teams in more specialised areas (for example, where special category data is involved or we are utilising new forms of AI)
- Delivering training, sharing insights from your work, and helping educate others on key data protection risks for Monzo
- Managing relationships with our external legal counsel and ensuring we are optimising our legal spend
Application process
- Recruiter call (potentially followed by an initial call with Senior Legal Counsel - Data & Cyber)
- First stage 1 hour role specific interview
- Second stage 1 hour behavioural interview
- Our average process takes around 3-4 weeks but we will always work around your availability
Our take
Monzo is a challenger bank that fully operates online and offers a full range of current, savings, business accounts, and more. The speed of the challenger banks to provide a great experience has been impressive, and the number of competitors appearing has proven the consumer desire for innovation.
Monzo remains one of the popular online banks, with more than 6 million active users. The company faces competition from more traditional banks, such as Goldman Sachs and JP Morgan, which have launched their own digital banks. However, the new technologies that the company is built on enable it to expand quickly (with fewer issues) than the incumbent players' offerings.
With an increasing amount of people switching banks, the company's ever-expanding suite of banking and financial services (such as its buy-now-pay-later offering) has resulted in Monzo receiving the second-highest net switching gains among digital challenger banks (just behind Starling).
After setting U.S. expansion plans aside in 2020, the company launched in the U.S. market in early 2022, partnering with Sutton Bank to provide its U.S. accounts. After several years focused on narrowing its losses, Monzo hit profitability in the first two months of 2023. In the same year, 2 million new customers joined, tallying its customer base at 9 million in 2024.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 18 rounds)
May 2024
$190m
LATE VC
Mar 2024
$457m
LATE VC
Total funding: $1.9bn
Company benefits
- Yearly Salary Review + Proactive pay increases to reflect growing responsibilities + Share options
- Flexible working hours
- Work From Home Opportunities + we'll pay for any equipment you need to do your job
- 24 days holiday a year, plus bank holidays
- Paid sick leave for both physical & mental health + Health insurance via AXA or Vitality + Additional health insurance through Medicash
- Employee Assistance Programme
- Learning budget of £1,000 a year
- Aviva Pension Scheme + 4% Employer Contribution
- Paid maternity, paternity, adoption or shared parental leave (after 13 weeks of employment)
- 52 weeks of primary caregiver leave (6 months at 100% pay, 13 weeks at Statutory Maternity Pay, 13 weeks unpaid)
- 3 months of secondary caregiver leave at 100% pay
- Unum Life Insurance
- Access to fertility and family-forming health benefits via Fertifa
- Abellio Season Travel Tickets + Cycle-to-Work Scheme
Company HQ
City of London, London, UK
Leadership
TS Anil
(CEO)Also a Board Member at Accion. Previously Board Member at UK Finance, Global Head of Payments, Products & Platforms at Visa and was the Global Head of Retail Products at Standard Chartered Bank.
Share this job
View 50 more jobs at Monzo