Senior Corporate Counsel, Remitly
Payments
Offers Employee Stock Purchase Plan
International payments company
Job no longer available
International payments company
1001+ employees
Job no longer available
Offers Employee Stock Purchase Plan
1001+ employees
Company mission
To transform the lives of immigrants and their families by providing the most trusted financial service products on the planet.
Role
Who you are
- Qualifications to practice as an England and Wales qualified lawyer (or EU equivalent) with 8+ years - preferably including both in-house counsel and top national or international law firm experience
- Experience in a highly regulated industry with financial regulatory and e-commerce legal requirements, including advice on payments and technology agreements
- An in-depth knowledge of UK payments / e-money regulations (and/or EU equivalent) and industry standards as well as experience in advising on regulatory issues on a multi-jurisdictional basis. Experience of the payments regulatory environment in other jurisdictions such as Africa is also strongly preferred
- Experience working with regulatory agencies and managing external counsel
- Demonstrated ability of leading cross functional legal projects and ability to implement programmes of regulatory change in a fast pace, high growth environment; and
- A practical and self-motivated attitude, being happy to work on high level, complex projects
What the job involves
- Remitly is looking for a Senior Legal Counsel, Payments & Regulatory to deliver payment agreements and provide regulatory advice to support Remitly's global products and services
- In this role, you will be responsible for providing expert legal support on payment agreement negotiations, regulatory compliance, product and service development and driving cross border expansion and licensing initiatives
- Working closely with Remitly's business and compliance teams, your role will also involve interpreting and analyzing complex legal and regulatory requirements, identifying areas of risk and opportunity, and providing timely and effective advice to ensure compliance with relevant laws and regulations
- The successful candidate will be highly organized and be able to stay updated on evolving regulatory matters in the UK, EEA and other relevant jurisdictions
- This role is based in London and will report to the Legal Director, Global Payments
- Deliver strategic commercial agreements with partners (including banks and payment processors) as well as providing legal advice and support for global projects
- Advise on payment services and related regulatory issues applicable to the Remitly business including the support of cross border expansion initiatives
- Support and advise the business, Policy and Regulatory Affairs, Compliance and other internal teams on regulatory engagement matters
- Monitor and stay current with changes in payment related laws and regulations and advise on any necessary changes to Remitly's products and services; and
- Manage and collaborate with external counsel in various jurisdictions to develop solutions on global regulatory matters that meet Remitly business requirements
Salary benchmarks
Our take
Since its inception in 2011 Remitly has focussed on helping immigrants to send money across the world faster, cheaper and easier. The company has grown exponentially since then and now operates across multiple continents. Remitly put down most of its success on putting its customers first.
The emergence of digital banks with low transaction fees cross-country has increased competition in a space where Remitly was dominant for many years. The company must continue to innovate its product to ensure it is the go-to place for these types of payments.
However, Remitly continues to partner with exciting companies and improve their service for loyal customers. The company is setting its sights beyond its core remittance service, such as through the recent introduction of Passbook, an app that allows customers to access digital banking through a partner bank.
Steph
Company Specialist at Welcome to the Jungle
Insights
19% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Jul 2020
$85m
LATE VC
Jul 2019
$135m
SERIES E
Total funding: $435.8m
Company benefits
- Spend up to $1,000 per year on costs related to continuing education or on travel to countries Remitly serves, allowing you to gain insights to our customer’s journeys
- All of our office spaces offer our employees a place to collaborate and celebrate. With locally sourced artwork and vibrant designs, they create an environment that all can enjoy
- Fill your cup up outside of work and take advantage of our generous paid time off policies, leave policies, and flex working hours to ensure you are able to meet the demands of life outside of work
- Tap into the learning routines, resources and affinity groups Remitly provides to help you further your own DEI journey
- Contribute to the communities we serve through volunteering, employee giving, or civic advocacy
- Remitly provides rich benefit plans intended to cover the needs of our diverse teammates
Company HQ
Central Business District, Seattle, WA
Leadership
Matt Oppenheimer
(CEO & Co-Founder)After completing an M.B.A from Harvard Business School he worked as a Director for Barclays before founding Remitly in 2011
Josh Hug
(Vice Chair & Co-Founder)He was a Director at Real Networks for 7 years before co-founding Shelfari, which was acquired by Amazon as he stayed onboard to run it as CEO
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