Legal Counsel, Xapo
Bitcoin banking service and savings account
Open for applications
Bitcoin banking service and savings account
101-200 employees
Open for applications
101-200 employees
Company mission
Xapo Bank's mission is to empower its clients with the freedom to transact, earn interest and invest globally while simultaneously embracing the full potential of Bitcoin.
Role
Who you are
- Experience: 5+ years PQE within the Financial Services (primarily banking, payments and DLT) industry, with a Fintech and Blockchain focus ideally
- Qualification: UK qualified lawyer or equivalent but with practice and experience in the UK or Gibraltar
- Skills: Demonstrated analytical and research abilities. The capacity to analyse complex legal issues and conduct thorough legal research is crucial. This involves sifting through large amounts of information, and distilling it into something manageable and understandable
- Problem-Solving Skills: Ability to find creative solutions to complex legal problems. This requires innovative thinking and a proactive approach
- Attention to Detail: A high level of accuracy and attention to detail
- Technological Proficiency: Our work involves various technologies and infrastructure. Familiarity with these tools and ability to interact with a global team digitally is important
- Project Management: Ability to lead a project, interact across product, risk, finance and other teams within the group, and to have some business development skills
- A dedicated workspace
- A reliable internet connection with the fastest speed possible in your area
- Devices and other essential equipment that meet minimal technical specifications
- Alignment with Our Values and the Xapo Values-Driven Leadership principles
What the job involves
- As a Legal Counsel you will be responsible for supporting our legal team particularly in the areas of conducting research, reviewing documentation, contracts, engagement terms, analysing complex legal information and summarising findings in clear, concise reports
- This role is instrumental in allowing the Legal team and Xapo to make informed decisions
- Conduct in-depth legal research on a wide range of legal topics and areas of law
- Review legal documentation and information relevant to the Financial Services, Fintech, and Blockchain spaces
- Assessing and implementing standards relating to the consumer duty principle, financial promotion rules, and reviewing and assessing client facing communications
- Dealing with any issues that arise from a members’ perspective
- Analyse this information and provide concise reports based on findings
- Provide recommendations and sound legal advice based on research findings
Our take
The invention of blockchain technology has given rise to many cryptocurrencies over the last decade, with tokens such as Bitcoin presenting promising investment potential. However, purchasing Bitcoin is usually associated with volatile trading as opposed to savings accounts, showing a gap in the market for long-term traditional investors.
Xapo provides a Bitcoin banking service and savings account, combining traditional banking infrastructure with blockchain technology to offer savings accounts with up to 2% annual interest. Access to the bank requires a membership application with the company focussing on high-volume investors, protecting every account with dedicated account managers and cutting-edge security whilst providing additional benefits such as payment cards and ATM withdrawals.
The company will undeniably face significant competition from cryptocurrency trading giants such as Binance and Coinbase. However, Xapo has taken a smart approach of combining Bitcoin investment with traditional banking, recognizing that many people seek a more stable and long-term relationship with crypto. In 2023, it launched a Single Euro Payments Area (SEPA) payment feature and integration with Faster Payments System, exemplifying the digital bank's firm rooting in the European financial market.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (2 rounds)
Jul 2014
$20m
SERIES B
Mar 2014
$20m
SERIES A
Total funding: $40m
Company benefits
- Shape the Future: Improve lives through cutting-edge technology, work 100% remotely from anywhere in the world
- Great work-life balance: Build amazing things with a balance of autonomy and collaborative teamwork. Set your own work schedule and make use of a flexible PTO plan when you need to recharge
- Expect Excellence: Collaborate, learn, and grow with a high-performance team. Learn how you learn best - from books to conferences, you’ll get a yearly budget for your individual learning and development goals
Company HQ
Gibraltar
Leadership
Seaumus Rocca
(CEO (Not Founder))Previously the Group Head of Funding and Liquidity Risk at Standard Chartered Bank, Equity Trading CFO at Macquarie Group and a Finanbce VP for Latin Markets at Credit Suisse.
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