Legal Counsel, Salary Finance
Office located in White City, London
Financial wellbeing employee benefits platform
Be an early applicant
Financial wellbeing employee benefits platform
201-500 employees
Be an early applicant
Office located in White City, London
201-500 employees
Company mission
Salary Finance is on a mission to dramatically reduce the cost of borrowing for working people by collecting repayments via salary deduction.
Role
Who you are
- You’re passionate about social impact, and want to help build a business that delivers a meaningful difference to society
- 1+ years PQE, qualified in English law
- Strong experience in consumer credit
- You have familiarity with data protection
- You’re actions-focused and thrive on taking matters from inception to completion
- You’re ready to roll your sleeves up and get involved
- Fearless, and able to make the impossible possible
- Responsible, and want to help build a business that delivers a meaningful difference to society
- Dedicated and want to commit to an exciting journey even through the highs and lows
- Empathetic and truly care about every colleague and customer
- United, because you understand we achieve more when we work as a team
- Humble, and take feedback as a way to continuously improve
What the job involves
- You will report directly to the General Counsel, and play a key part in the leadership of the Legal and Compliance Team
- You will work in a fast-paced, “can-do” environment, alongside colleagues driven by our mission to get millions of people out of debt and develop healthy savings habits
- You will be part of an intelligent, collaborative and ambitious Legal and Compliance Team that has played a key role in taking to market five different financial services and data products at SF (across regulated credit, insurance and payment services)
- Work collaboratively with our Product, Commercial, Finance, Collections and Credit Risk Teams to enhance existing products and develop innovative products and features. This will involve identifying and addressing a range of issues from consumer credit, data protection, FCA regulatory issues, commercial contracts etc
- Take on your own projects, partnering with the relevant business leads (whether that’s in Operations, People, Finance etc.), identifying legal issues and pragmatic solutions. This may include transactional work, like debt sales
- You will feel empowered to lead calls, negotiations and will be responsible for delivery. You will of course be supported by the General Counsel and the rest of the Legal and Compliance Team
- Review and negotiate a wide range of contracts
- Manage our contracts management platform and identify ways to optimise existing contractual processes
- Have strong organisational skills and an actions-focused mindset, allowing you to manage multiple projects and stakeholders
- You will be able to provide advice and be able to back this up with well thought-through and structured reasons. You will be confident in translating legal theory/ideas into practical actions and deliverables
- Instruct and manage external counsel
Application process
- Phone call with our Talent Manager - 20 mins
- Interview with Hiring Manager - 30 mins
- Case Study to give you a taster of the role - 35 mins
- Interview with Hiring Manager, Head of Department, Stakeholder, and / or Team - 60 mins
Salary benchmarks
Our take
Whether a function of genuine care or increased efficiencies, companies are increasingly looking to secure the financial wellness of their employees. Salary Finance delivers a suite of products for this purpose, all integrated into employers’ payroll systems.
Offering a range of financial wellbeing products, Salary Finance is unique for its unusually low default rate, which arises from the security of deducting repayments directly from a borrower’s salary, and the extra information it gains about its customers by tapping into their HR systems. Originating in the UK, the company expanded to the US to bring low-cost loans to working Americans. Its US arm has since merged with FinFit to form the "pre-eminent financial wellness platform" in the US.
Though Salary Finance faces significant competition from other startups like Neyber and Wagestream, that are also attempting to fix the "payday problem", few have been able to effectively provide as impressive a range of options as this startup. There is every reason to assume the company will build on its past success, and forge a path into a favourable future.
Freddie
Company Specialist
Insights
Few candidates hear
back within 2 weeks
41% female employees
36% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Dec 2020
$27m
SERIES D
Apr 2019
$32.8m
SERIES C
Total funding: $138.2m
Company benefits
- Company bonus scheme
- 25 days holiday with an extra day off on your birthday
- Hybrid working arrangements so you can work from the office and from home with a budget to help you get set up
- Pension and life assurance, and an annual allowance to spend on medical insurance, health cash plan, denplan, gym memberships, etc.
- Enhanced policies that are family and pet friendly, to include company sick pay and Peternity leave
- Annual personal learning budget
- Great career development in a fast paced environment
- Regular company socials
- Volunteer days as part of our CSR program
- Being part of a collaborative and entrepreneurial team working in our brand new, purpose-built offices
- More great perks to include complimentary fresh fruit weekly, cycle to work, help to save and much more!
Company values
- Fearless, and able to make the impossible possible.
- Responsible, and want to help build a business that delivers a meaningful difference to society.
- Dedicated, and want to commit to an exciting journey even through the highs and lows.
- Empathetic, and truly care about every colleague and customer.
- United, because you understand we achieve more when we work as a team.
- Humble, and take feedback as a way to continuously improve.
Company HQ
Shepherd's Bush, London, UK
Articles
Leadership
Asesh Sarkar
(Co-Founder & CEO)President and Co-Founder of FinFit. Has worked in senior roles at Detica, PA Consulting Group, and Deloitte.
Dan Cobley
(Co-Founder & Chairman)Has worked in senior roles at Google, Capital One, and Santander. Previously founded ClearScore.
Daniel Shakhani
(Co-Founder)Executive Chairman of the Harvard Human Flourishing Florens Global Program. Has experience working for Goldman Sachs, RBS, and Opportunity Network.
People progressing
Joined as a Client Operations Analyst. Promoted to Customer Operations Manager after 2 years. Then moved to be an Enterprise Risk Manager after 1.5 years. Now has been promoted twice in two years to become Head of Compliance.
Joined as an Intern. Promoted to Operation Analyst after 2 months. Has since been promoted three more times to the current role of Client Operations Manager.
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