Commercial Financial Services/Payments Lawyer

We are seeking an experienced Commercial Financial Services/Payments Lawyer for an initial 3-month contract. The ideal candidate will have a strong background in payments and financial services, with the ability to operate at pace in a dynamic, fast-moving environment.

Key Details:

• Role: Commercial FS/Payments Lawyer
• Type: 3-month contract

PRINCIPAL DUTIES AND RESPONSIBILITIES

• Drafting and negotiating agreements with a wide variety of contracts with customers, partners, and suppliers, including back-to-back and subcontracting arrangements, and playing a role in supervising similar activities undertaken by junior members of the team.
• Advising stakeholders on various commercial and regulatory aspects of contracts and ensuring appropriate advice is given to the wider business by the legal team.
• Assisting with regulatory change and corporate governance issues as and when required.
• Advising on payments related law, regulation, and scheme requirements, including reviewing, drafting, and negotiating terms and conditions, providing advice and supporting internal projects and working groups.
• Developing and maintaining strong relationships with stakeholders across the business.
• Being a culture generator who furthers the values, objectives and goals of the legal team set out by the Head of Legal.

KEY REQUIREMENTS

Qualified solicitor holding a practising certificate with the ability to practice in England & Wales with ideally 4 -6 years’ experience (in-house and/or firm) of commercial and corporate work, preferably involving Financial Services. Candidates with direct experience of the Principal Duties and Responsibilities in a comparable Fin Tech company involved in Financial Services but with less than 4 - 6 years’ experience will be considered.

SKILLS AND EXPERIENCE

Experience in payments, banking regulations, outsourcing principles and conduct rules, and applying such matters to drafting customer, supplier and product terms.

• Excellent understanding of key regulatory and contractual principles (e.g. contract formation, indemnities, consequential loss, liability regimes).
• Experience in drafting, negotiating, and advising on commercial contracts, including subcontracting/back-to-back arrangements.
• Exceptional problem-solving skills and attention to detail.
• Ability to meet critical deadlines and operate in a high-pressure environment.
• Ability to operate autonomously using initiative, critical-thinking, and decision-making skills.
• Excellent legal and business judgment.
• Working knowledge of Data Protection legislation.
• Experience in foreign exchange and multicurrency products, IP/IT and the applicable regulatory requirements (nice to have).

TECHNICAL KNOWLEDGE

Good understanding of key contractual principles (e.g., contract formation, indemnities, consequential loss, liability regimes and outsourcing)

• Good understanding of corporate/commercial issues
• Working knowledge of relevant UK financial services
• Awareness of payment systems, retail banking and consumer finance
• Awareness and/or working knowledge of the UK regulatory ecosystem (nice-to have)

About Elevate

Elevate provides consulting, technology and services to law departments and law firms across the globe. Headquartered in Los Angeles, our 1,600+ strong team of legal professionals, lawyers, consultants, project managers, and engineers operate across the United States, Europe, UK, and Asia, Hong Kong and Australia.

ElevateFlex, is the flexible resourcing capability within Elevate, we define and support a new flexible career within the legal industry. We match exceptional legal professionals to the evolving needs of our Customers through the curation of a world-class, global Community of Talent, and advanced, technology-enabled search. We were recently proud to be assessed in Band 1 of Chamber’s Global Flexible Legal Resourcing category.

Our Vision is a world where legal and business teams achieve incredible outcomes, together.

Equitability and Inclusion are critical to ElevateFlex’s success. As The Law Company, changing the legal business landscape, we know a diverse, inclusive work culture is at the heart of attracting, retaining, and celebrating the industry’s most talented people. We empower our employees to bring their whole selves to work because we know that diversity of experience and perspective drive innovation and is simply good business.

As a strong proponent of diversity, equitability, and inclusion, ElevateFlex is committed to hiring diverse candidates from all backgrounds. We invite you to apply to become part of the ElevateFlex Team – help us change the legal business landscape and make a dent in the legal universe.