Senior Legal Advisor

1 month ago

London, Greater London, United Kingdom Pay Limited Full time

Job Title: Senior Legal Advisor

Job Summary:

We are seeking a highly skilled Senior Legal Advisor to join our team at Pay Limited. As a Senior Legal Advisor, you will provide expert legal advice, manage legal risks, and support decision-making.

Key Responsibilities:

  • Act as the first point of escalation for legal risks identified and raised by Legal Counsels and Paralegals within the team.
  • Manage legal risks in a timely, relevant, pragmatic, and proportionate manner.
  • Act as a legal subject matter expert who is able to work collaboratively and persuasively by offering expert, relevant, proportionate, and pragmatic recommendations aligned with Pay Limited's risk appetite.
  • Stay up to date with new legislation, regulations, caselaw, and business practices that are relevant to Pay Limited.
  • Pinpoint emerging or potential legal risks Pay Limited may face and suggest suitable remedial measures in alignment with the organisation's risk framework.
  • Support the Head of Legal on the development and maintenance of policies, processes, and controls that are required for the effective management of legal risk across Pay Limited and for the operational management of the Legal function in line with the ERR and Legal RCSA.
  • Contribute to building a first line of defence culture by supporting training and development initiatives for our business colleagues.
  • Develop, maintain, and broaden their network of colleagues across the organisation in order to position themselves as trusted senior advisors.
  • Manage external legal counsel, in accordance with the Pay Limited Legal Outsourcing Process.
  • Support the Head of Legal in the management of the Legal and DP function, including, but not limited to, budget, training, and resourcing aspects.
  • Communicate and collaborate effectively with colleagues and third parties on complex legal and contractual matters.
  • Support the development and regular update of templates and legal documentation; UK Legal Team to operate effectively.

Requirements:

  • A Data Protection law expert with a track record of working for FS clients (essential).
  • Qualified lawyer admitted to practice in England & Wales, Northern Ireland, or Scotland.
  • Prior experience as a member of an internal legal team within the payments or financial services sector is desirable.
  • Knowledge of law, legal risks management, and current developments that may impact the payments industry.
  • Understanding of the UK payments ecosystem, its stakeholders, regulators, and the implications of running critical national infrastructure.
  • Curiosity about the law and current legal trends; UK's business.
  • Ability to act as an ambassador for the Legal and Data Protection function.
  • Ability to deal and engage with senior stakeholders.
  • Good interpersonal skills and emotional intelligence.
  • Ability to persuade, negotiate, and resolve conflicts constructively.
  • Skilled at operating efficiently during periods of high demand.

About Pay Limited:

Pay Limited maintains and develops the UK retail payment systems and standards that are core to the economy being able to function on a day-to-day basis.

We put the needs of consumers and businesses at the heart of everything we do, working in the public interest to ensure that the systems the country relies on for its banking transactions are safe, open, innovative, and resilient.

Benefits:

  • 12% Non-contributory pension.
  • Discretionary annual bonus.
  • 30 days annual leave (excluding bank holidays).
  • Employee assistance programme.
  • Cycle to Work Scheme.
  • Season ticket loan.
  • Annual fitness subsidy of up to £500 per annum.
  • Working from home policy - minimum 40% in the office (e.g. 2 days in the office over a 5 day working week).

Please note: Benefits for FTC roles may vary.

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