Senior Counsel, Regulatory

Job Description

About us

OpenPayd is a leading global payments and banking-as-a-service platform for the digital economy. Through it’s API-driven technology, businesses can embed financial services into their products and create the seamless user experiences needed to drive business growth.

OpenPayd’s platform removes the need to contract with multiple providers for different services and across different markets. Instead, businesses can access accounts, FX, international and domestic payments, acquiring and Open Banking services globally via a single API integration. With licensing across the UK, Europe, Canada and others, OpenPayd is committed to providing businesses with a fully compliant solution across all markets, leaving your business to focus on growth.

Our Mission

Our mission is to ‘To open up banking and payments for business globally, through a modular platform’. We believe that all businesses regardless of their scale or industry should be able to leverage the best payment and banking services. We believe in providing our services through a simple, flexible and scalable platform.

Your day-to-day will be:

• Acting as an advisor for regulatory matters impacting the OpenPayd business.
• Being responsible for maintaining the Groups ongoing compliance with applicable, laws, regulations and guidance, including the Payment Services Directive, Electronic Money Directive, outsourcing guidelines and FCA Principles of Business.
• Assisting the product and technical teams to ensure the OpenPayd Platform is compliant with applicable regulations and industry guidance.
• Provide advice and legal support to ensure the Group has strong governance and operational resilience practices in place.
• Acting as the business owner for regulatory risks in the Enterprise Risk Management Framework, including conducting risk assessments, implementing controls to mitigate identified risks and ongoing monitoring.
• Horizon scanning to monitor changes to laws and regulations that may impact the OpenPayd business.
• Preparing regulatory notifications and filings
• Delivering legal education for the business through bespoke training and raising awareness
• Supporting the wider legal team to provide efficient and effective legal support to the business.
• Ad hoc legal and regulatory tasks

The ideal candidate will have the following:

• UK qualified solicitor with min. 4-6 years post-qualification experience
• A strong working knowledge of the Payment Services Regulation, FinTech regulation and Change of control rules
• Technical knowledge of UK and EEA payment services and e-money regulation
• Experience with Open Banking products and services; AIS and PIS
• Knowledge of Crypto asset regulation; regulatory developments in digital assets
• Understanding of FSMA supervisory processes and relevant FCA Handbook rules
• Experience performing regulatory assessments to support material contracts and corporate acquisitions
• EEA passporting rules under PSD, EMD, and CRD5
• Experience of regulatory reporting
• Ability to explain complicated legal concepts in a way that is understandable to business stakeholders in both written and oral communications.
• Excellent written and verbal communication skills
• Flexible & open minded approach, including taking on additional tasks or changes to the role as required

Desirable:

• MIFID regulated activities
• Crypto asset derivatives
• Senior Managers and Certification Regime
• EU Wire Transfer Regulations
• PRA regulation and supervision
• Card scheme rules
• Understanding of EU and UK regulations for ‘third country’ country firms
• Understanding of payment systems rules (SEPA, SWIFT, Faster Payments, TARGET2)

We're looking forward to receiving your CV.

OpenPayd Talent Team.

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We are looking forward to receiving your CV.

OpenPayd Talent Team

To all recruitment agencies: OpenPayd does not accept speculative agency resumes. Please do not forward resumes to our jobs alias, OpenPayd employees or any other company location. Openpayd is not responsible for any fees related to unsolicited resumes. Openpayd will only accept CV's from the partners with relevant agreement via the People and Talent team only.