Legal Counsel (FinTech, on-site)
PayDo, a leading Electronic Money Institution (EMI) authorised by the FCA in the UK, FINTRAC in Canada, and MFCA in Malta operates in 140 countries and over 25 industries. Offering multicurrency IBANs, merchant solutions, and mass payment options, PayDo provides premium and convenient payment services. With all features available through one platform and contract, PayDo is a preferred solution for local and international payments.
We seek a highly experienced compliance professional to oversee and manage all aspects of financial licensing, regulatory compliance, and risk management for our company. The ideal candidate will have a strong legal background and a proven track record in the financial industry.
Regular tasks
- Ensure compliance with local, international, and cross-border financial regulations (e.g., AML, KYC, GDPR, PSD2, and cryptocurrency regulations)
- Liaise with regulatory authorities and monitor changes in fintech regulations in key jurisdictions
- Draft, review, and negotiate a variety of commercial contracts, including partnership agreements, SaaS contracts, licensing agreements, and vendor agreements
- Provide legal support on financial services agreements, including payment processing and cryptocurrency transactions
- Provide legal counsel on international and cross-border transactions, ensuring compliance with relevant laws and mitigating legal risks
- Assist with the formation of new entities in various jurisdictions, including high-risk regions
- Advise the business on potential legal risks related to fintech operations and develop strategies for risk mitigation
- Conduct legal research on complex issues involving fintech, digital currencies, and evolving financial regulations
- Ensure compliance with corporate governance standards and internal policies for international operations
- Support board meetings and shareholder resolutions on legal and regulatory matters
- Manage legal disputes, claims, and litigation in multiple jurisdictions, including alternative dispute resolution methods
- Collaborate with external legal counsel on international litigation and arbitration cases
- Provide strategic legal advice on the company’s expansion into new markets, including setting up operations and compliance frameworks in different countries
- Support mergers, acquisitions, and partnerships by conducting due diligence and advising on legal implications
Skills & Requirements
- Minimum of 5 years of experience in roles such as Legal Counsel
- Over 5 years of professional experience in regulated companies, with a track record of acquiring and maintaining EU EMI, bank or PI licenses
- Proven expertise in enhancing company compliance with regulatory obligations, ideally having worked in organizations that transitioned from startup to established enterprise levels
- Proficiency in technology and a solid understanding of fintech-related software and systems, including blockchain, payment processing, cybersecurity, and anti-fraud measures
- Experience with opening international bank accounts, correspondent bank accounts, communication with regulators
- Excellent communication skills to interact with internal teams, external partners, and regulatory bodies, with the ability to convey complex financial and technical information clearly
- Work permit
- Fluency in English, Ukrainian, or Russian is a must
Skills
- Understanding of international corporate law, general tax principles, due diligence for corporate entities, and EU licensing and compliance principles
- Exceptional leadership skills to build and manage cross-functional teams effectively
- Deep knowledge of dealing with audits, correspondent and corporate bank accounts etc
- Deep knowledge of FinTech
- A history of fostering a collaborative and innovative culture within organizations
- Knowledge and experience with cybersecurity and fraud policies and practices implementation
- Familiarity with CRM systems, such as Jira or similar tools
- Previous experience in regulated companies and achieving financial, banking, or other licensing in EU or UK, or other developed countries/regions is a significant advantage
Education
- A master’s degree in Law or a related field is preferred
- Compliance courses in AML would be a plus
The company may require to act as an official representative in interactions with regulators and authorities.
Hiring Steps
Our recruitment process typically includes the following steps: Application Screening –> Interviewing Process & Assessment (TA/Tech/Final Interview and Test Assignment (upon request)) –> Offer –> Reference Check
What's In It For You
At PayDo, specialists are at the heart of our innovation and success. Joining our team means accessing unparalleled opportunities to grow, contribute, and thrive in a dynamic FinTech environment.
- Empowerment Through Professional Development:
- Monthly investment in your English learning
- Yearly allocation for advancing your professional expertise
- Unlock Your Potential:
- Transparent career growth with opportunities to achieve Lead roles within 1 year, Head roles in 2 years, and even C-level within 4 years, based on exceptional performance
- Performance reviews are anchored in KPIs, ensuring recognition is merit-based
- Make a Lasting Impact:
- Work on unique projects where your contributions can reshape company-wide processes
- Bring your ideas to the table and earn exceptional bonuses through our PayDo Ideas Hub
- Flexible and People-Centric Culture:
- 17 days of paid vacation annually, with the flexibility to transfer unused days or receive compensation
- 10 days of paid sick leave annually, accommodating emergencies and medical needs
- Additional holidays aligned with your local calendar
- Compensation & Incentives:
- Multiple payment options, including Private Entrepreneurship accounts or popular e-wallets
Our Values:
At PayDo, we live by principles that drive us to excellence:
- Ownership & Initiative: Specialists who take charge and make a difference
- Collaboration & Communication: Together, we achieve more by sharing ideas and insights
Become part of a global team redefining FinTech. Your expertise, passion, and ideas will shape the future of payments with PayDo!
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