Legal Counsel (FinTech, EMI)

PayDo, a leading Electronic Money Institution (EMI) authorised by the FCA in the UK, FINTRAC in Canada, and MFSA 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. 

As a Legal Counsel, you will leverage your expertise in international financial regulations to ensure the company's operations adhere to all relevant legal standards. You will be responsible for handling complex legal inquiries from regulatory bodies and financial institutions, and drafting and reviewing a wide array of legal agreements.

Your regular tasks

• Drive and be in charge of financial licensing processes in the EU, UK and other regions
• Maintain and open a correspondent and operational bank account(s)
• Deal with complex legal requests and RFIs (banks, authorities)
• Stay abreast of all applicable financial regulations, including banking, EMIs, PIs, PASEP, anti-money laundering (AML), know your customer (KYC), and data protection laws and implement necessary changes
• Update compliance programs according to the requirements of the company regulators
• Be in charge of regulatory reporting, AML and other relevant audits
• Be in charge of company governance policies and regulatory responsibilities updates
• Be in charge of the licensing process during the expansion to the new regions
• Record keeping and structuring of the company's relevant documentation and information
• Develop and implement corporate compliance and governance programs applicable to the group of companies
• Improve company policies according to applicable regulatory standards across KYB, AML, Anti-Fraud and compliance functions
• Draft agreements, such as NDA, MSA, Employment Agreement, Outsourcing agreement, Loan Agreement, Outstaffing Agreement, etc
• Serve as a primary liaison for correspondence with local law firms, auditors, and regulators
• Conduct audits before relationships with third-party vendors, service providers, financial providers, banks, payment systems and partners
• Report regularly to the CEO and head of operations on regulatory issues and/or proposals
• Lead the response to crises and emergencies, maintaining business continuity and minimising risks

Skills & expectations

• Minimum of 3 years of experience in a Legal Counsel/ Legal Advisor/Lawyer position in regulated companies, with a track record of acquiring and maintaining EU/UK EMI, bank, payment companies or PI licenses
• Understanding of international corporate law, general tax principles, due diligence for corporate entities, and EU licensing and compliance principles
• Proven experience in enhancing company compliance with regulatory obligations, ideally having worked in organisations that transitioned from startup to established enterprise levels
• Experience opening international bank accounts, correspondent bank accounts, and communication with regulators
• Experience drafting agreements, such as NDA, MSA, Employment Agreement, etc
• Experience dealing with audits, correspondent and corporate bank accounts, etc
• Fluent level of English proficiency
• Master's degree in law

As a plus

• Knowledge of the regulatory framework in Malta or experience working with the MFSA
• Familiarity with the legal aspects of digital payments, anti-fraud measures, and transaction monitoring

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:
  • Days of paid vacation annually, with the flexibility to transfer unused days or receive compensation
  • 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!