Senior Legal Counsel, Monzo

• You have experience advising on general insurance and/or life insurance, and a solid grounding in direct-to-customer distribution with a minimum of around 5 years relevant post qualification experience (or equivalent)
• You have outstanding technical skills and strong knowledge of regulatory and commercial issues in general insurance and insurance distribution, preferably having spent time both in private practice and in house at a financial institution or fintech
• You are a team player and natural collaborator who is passionate about effecting change whilst being goals-focussed and impact-driven
• You are a strategic thinker, a strong communicator and a keen problem solver who knows how to assess risk and recommend solutions that balance business and risk perspectives
• You are willing to jump in and handle a wide range of legal issues, even outside your core areas of expertise in a proactive, and resourceful way, 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 up to the Executive and liaising with a variety of internal and external stakeholders
• You welcome diverse perspectives, think rigorously and critically and aren’t afraid to challenge assumptions
• You’ve an open and curious mind, you are passionate about the intersection of banking and technology, and what we are doing here at Monzo excites you!

• We're looking for a Senior Legal Counsel - Insurance to join our team at Monzo and help us build one of the best, most innovative banks in the world
• This role will be the lead lawyer for our new, and growing, insurance distribution business
• This role will report to the Head of Legal for Wealth Products, and is part of the Monzo Bank Legal team in the Legal & Board Governance Collective at Monzo
• In this role, you’ll work closely with the Insurance Squad to build and deliver Monzo’s insurance products, and support the team in making insurance accessible for everyone
• You’ll work at all levels in the organisation and with a wide-range of stakeholders from Product Managers and Designers, to Operations professionals and Software Engineers, and Risk and Compliance
• You will be the ‘go to’ for all things legal and regulatory, and an important part of a team trying to change the insurance market for the better
• Being a trusted adviser and partner to the Insurance team, helping them build beautiful products and create effective customer-journeys in the Monzo app whilst meeting our regulatory requirements
• Advising on the development of our insurance offering, including expanding the range of insurances we offer, and integrating services into the Monzo app
• Supporting the Insurance team in managing third parties involved in our insurance offering (e.g. underwriters and third-party administrators)
• Equipping the team to deal with developments in the regulatory landscape for insurance, working closely with Compliance colleagues on all things regulatory
• Working with Risk and Control closely to help the team identify and manage legal and regulatory risks relating to the insurance business
• Prioritising thoughtfully to continuously operate with the highest impact
• Developing and implementing processes and procedures to increase the efficiency and scalability of insurance legal advice across the Monzo Group
• Delivering training, sharing insights from your work, and helping educate others on insurance
• Managing relationships with our external legal counsel and ensuring we are optimising our legal spend on insurance matters

• Recruiter call (potentially followed by an initial call with the Head of Legal, Wealth Products)
• Role specific interview
• Values interview
• You may also be asked to meet with key members of the Insurance and Legal teams after these stages for a ‘coffee chat’
• Our average process takes around 3-4 weeks but we will always work around your availability

• 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

Total funding: $1.9bn

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.