Senior Legal Counsel

TotallyMoney Limited
May 16, 2024
Jun 13, 2024
Contract Type

Location: Remote/Old Street, London

Salary: Competitive

Hours: 40 hrs/week, 7am – 7pm core hours, you can work flexibly within these

Department: Legal & Compliance

Experience level: Mid–Senior Level

About us:

TotallyMoney is the free personal finance app that gives people the plans, products and help they need to unlock a life of more choices. It's all about creating a fairer financial world where people who've been left behind can make their financial data work for them. Put simply, we help them move closer towards their financial goals.

We're a diverse bunch from different backgrounds, united by a company culture that promotes autonomy, collaboration and innovation. We've even been voted one of the UK's Best Companies to Work For!

If you want to join our mission to help the UK's most under–served consumers – we want to hear from you!

What's the job?

Acting as first point of contact for most legal matters, the Senior Legal Counsel will provide legal support, advice and best practice across the business. Reporting into the Chief Legal Officer, you'll be taking on a broad role, working with colleagues at all levels, getting involved in work that is challenging and supportive of wider business goals.

While the CLO oversees some legal areas directly (including corporate, funding, co sec and employment), you will have the opportunity to provide support on those, and also to develop your own areas of technical and business expertise. You will have external legal support (including from our external DPO) as well as working closely with the Compliance team, but there is no junior counsel at present so you should enjoy rolling your sleeves up and executing.

You will work closely with the business and will have the opportunity to develop meaningful relationships with key stakeholders. The role will give you the chance to gain a deep understanding of the business, in particular how data protection and the other regulatory requirements intersect and impact what we do. You will also have the chance to flex your legal ops muscles and improve on how we work.

What will you do?

Day to day, you will:

  • Collaborate closely with the Product teams to support the evolution of the TotallyMoney service to customers. You'll work on new product features, new data sources, proof of concept and other special projects.
  • Develop good working relationships with the business and be their first point of contact for legal matters
  • Lead on the implementation of our ongoing programme of data protection compliance with support from our external Data Protection Officer
  • Advise on or oversee legal work including: commercial contracts; data protection; intellectual property; marketing; consumer law; open banking; financial services; promotions etc.
  • Identify opportunities for legal ops improvements and implement those ideas.
  • Create and deliver legal training to the business
  • Be responsible for key documents such as customer–facing terms and legal policies
  • Support and guide the Customer Operations team on a range of topics
  • Provide support to the Chief Legal Officer on complex or sensitive matters, as required
  • Stay up to date with horizon scanning and CPD
  • Be responsible for managing legal budget for external spend on matters within your domain
  • Get hands–on experience of aligning legal priorities to overall business strategy and OKRs

About You

You'll be a good fit for this role if most of these sound like you!

  • Autonomous: You are ready to take on a broad role with responsibility for the legal health of major areas of a regulated business. You enjoy getting involved in the detail of projects whilst still being able to stand back and consider what needs to be prioritised in order to best support overall company strategy.
  • Delivering results / meeting client expectations: You set high standards for yourself. You are able to juggle competing demands and prioritise your work effectively.
  • Analytical: You make decisions based on a rational assessment of the information available to you. You are not afraid to challenge or to ask questions to gain a greater understanding of a problem. You have a track record of providing workable solutions to legal problems.
  • Relating and networking: You establish good relationships with colleagues and clients and you are comfortable leaning into business processes and ways of working.
  • Creating and innovating: You create innovative solutions and look for opportunities to improve what we do.
  • Positive and enthusiastic: You enjoy learning and developing your skills. You are positive and enthusiastic about the TotallyMoney mission and like working in a small but growing company.

Must haves

  • Qualified as a solicitor in England and Wales – we are open minded on exact PQE but we think that 5+ years PQE is probably the right level
  • Experience of working in a fast–paced digital business
  • Confidence in the area of data protection and enthusiasm for privacy law generally
  • Experienced in commercial contract drafting and negotiation

Nice to haves

  • Experience of working with consumer–facing products
  • Working knowledge of the regulatory landscape relevant to consumer credit
  • Relevant specialist technical experience (e.g. data protection or consumer law)

We know people, especially those from marginalised backgrounds, may hesitate to apply if they don't meet all the requirements. Please apply anyway. We don't expect you to be the complete package, just show us you have ambition and a willingness to learn.

What you'll get from us:

Working at TotallyMoney has its perks. When you join the team you'll get:

  • Hybrid working – We operate a hybrid policy. 2 days of your choice in our office.
  • Flexible hours – Our core hours are 7am to 7pm. Fit your hours within that however you like.
  • ??? 25 days of annual leave (plus 8 bank holidays), 2 additional free days off at Christmas time, and the option to purchase an extra week off
  • 40 days to work abroad – make us jealous of your stunning view
  • Enhanced parental leave so you can spend time with your new bundle of joy
  • 2 days leave to volunteer for whatever causes you're passionate about!
  • Unlimited sick leave so you can take the time you need to get better
  • Vitality Health Insurance and reward scheme (inc. 50% off Virgin Active gyms), Perkbox membership, wellbeing budgets and Cycle to Work scheme
  • Meeting rooms that also double as prayer/quiet rooms with blinds and prayer mats
  • Auto–enrolment pension scheme with Scottish Widows
  • Mental health and wellbeing perks including talking therapies with Self Space, monthly mindfulness and fortnightly yoga
  • You'll find a pup or 2 around our dog–friendly office
  • 2 annual company socials, plus regular team socials throughout the year
  • Free breakfast on Thursdays at our company meeting
  • Snack cupboard filled with goodies, coffee machine and drinks fridge – help yourself!
  • Hobby clubs and activities like football, badminton, Catan and book club – you could even start your own!

The hiring process:

Once we've received your application, we'll take a good look before getting in touch with you to discuss the next steps of the process. This will include:

  • A quick phone screen with our People team (15 mins)
  • A first round interview with our Chief Legal Officer (45–60 mins)
  • A take–home assessment to find out how you might approach something on the job (60 mins)
  • A second round interview with our CLO plus other senior stakeholders to discuss your assessment (60 mins)
  • A final round chat with our CEO, as well as an opportunity to meet with someone from the L&C team or wider business to get a feel for what life is like at TotallyMoney (60 mins)

Our commitment to diversity and inclusion:

At TotallyMoney, we're committed to being an inclusive and diverse employer, and welcome applications from all sections of society. We have an active DE&I (Diversity, Equity and Inclusion) committee led by employees and continually work on our DE&I efforts. We believe everyone has potential, regardless of race, religion or belief, ethnic origin, physical or mental ability, social background, age, nationality, marital, domestic, or civil partnership status, sexual orientation, gender identity, or any other differences that make you, you.