Commercial Lawyer

At 118 118 Money, our mission is to help Britain achieve financial fitness.

Since launching in 2013 and relaunching the iconic 118 118 twins in 2023, we’ve been dedicated to giving people the chance to access the credit they need, enhance their credit score, and boost their financial health.

We offer loans and credit cards for those often overlooked by mainstream lenders. With an excellent 4.8 Trustpilot rating, we’re proud to be an approachable lender providing accessible and clear financial support. ‘Let’s Get Serious’ about financial fitness and start building a stronger future today.

What you'll be doing:

As in-house Commercial Lawyer , you will be responsible for providing legal expertise and guidance in the area of contracts, to reflect the commercial needs of the business, ensure compliance, minimise risk, and protect the organisation's interests. You will be involved in the drafting, negotiation and review of a wide range of contracts, including but not limited to commercial contracts, vendor agreements, client agreements, and employment contracts.

Working closely with internal stakeholders, including finance, commercial, compliance, HR, technology and operations teams you will ensure contractual obligations are met and legal risks are appropriately managed.

You will also act as company secretary, ensuring the company complies with all financial and legal requirements and support with board papers and minutes.

This opportunity would suit an experienced Commercial Lawyer who enjoys a fast paced, varied environment as well as someone looking to make the move to a sole, in-house legal position.

This is a hybrid role, with a split of two days working remotely and three days on site in our Holborn Circus office.

Key Responsibilities and Objectives:

• Draft, review, and negotiate contracts: Prepare, analyse, and negotiate various types of contracts, ensuring they align with legal requirements, company policies, internal risk and business objectives.
• Legal advisory and risk assessment: Provide legal advice and guidance to internal stakeholders on contractual matters, including interpretation of contractual provisions, rights, and obligations. Conduct risk assessments and propose strategies to mitigate legal risks associated with contracts.
• Contract management and administration: Maintain a comprehensive contract database, track contract expiration dates, and ensure compliance with contract terms and conditions.
• Framework Establishment: Establish a contract framework and adhere to the process ensuring relevant stakeholders are inputting to contracts.
• Financing documents: Work with external counsel to prepare conditions precedent and other corporate documents required to execute financing documents for the business and ongoing compliance with financing agreements.
• Compliance and regulatory adherence: Stay up to date with relevant laws, regulations, and industry standards impacting contract management.
• Dispute resolution and negotiation: Assist in the resolution of contract disputes, claims, and issues, working collaboratively with internal teams, external counsel, and other parties as necessary.
• Contract templates and standardisation: Develop and maintain contract templates, clauses, and playbooks to streamline the contract creation and review process. Ensure contractual terms are consistent with legal standards and align with the organisation's risk appetite.
• Stakeholder collaboration: Collaborate closely with internal stakeholders, including finance, commercial, compliance, HR, technology and operations teams, to understand their contractual needs, provide guidance, and ensure consistent contractual practices across the organisation.
• Training and knowledge sharing: Conduct training sessions and workshops to educate employees on contract-related legal matters, best practices, and changes in regulations.
• Corporate Secretarial Duties: Fulfilling statutory obligations related to company administration.
• Board Papers: Organising board meetings, preparing meeting agendas and materials, recording accurate minutes, and facilitating effective communication between the board and management.

What you’ll need:

• Law degree from an accredited institution, with a strong academic record.
• Qualified lawyer with relevant professional certifications (e.g., solicitor or barrister).
• Proven experience as a commercial or contracts lawyer, with a focus on regulatory and compliance matters, preferably in a corporate legal department or law firm.
• In-depth knowledge of UK financial services regulations, including FCA rules and directives.
• Direct experience in the drafting and negotiation of commercial agreements, including a general awareness of the sorts of legal issues affecting tech-based business.
• Solid understanding of contract law, commercial agreements, and related legal concepts.
• Strong negotiation, analytical, and problem-solving skills.
• Excellent written and verbal communication skills, with the ability to convey complex legal concepts in a clear and concise manner.
• Attention to detail and the ability to work independently, manage multiple tasks and deadlines effectively.
• Sound judgment and the ability to assess legal risks and propose practical solutions.
• Proactive, solution-oriented attitude to resolving business issues.
• Proficiency in legal research and staying updated on relevant laws, regulations, and industry trends.
• Familiarity with contract management tools and technology is advantageous.

What’s in it for you?

• A competitive salary
• Company bonus scheme - if the business does well, you should get rewarded for your hard work
• 25 days' annual leave, (plus bank holidays) increasing to 27 after two years service and 30 after five – your balance starts from day one, so don’t delay and start planning your time off!
• Company pension scheme – we provide an enhanced pension scheme with generous employer contributions to set you up for the future which includes life cover of 4x your base salary
• Eye test – you can claim a freebie each year, or if your needs change
• Employee Assistance Programme - we offer membership to a recognised scheme to support you and your wellbeing
• A strong ethos of equality, diversity, and inclusion
• Wide business exposure, in terms of business disciplines, projects and stakeholders
• Direct contribution to business transformation and growth

Like what you’ve heard? Great - apply now!

As a candidate, we know the interview process can be daunting and it’s important that you have a great experience with us. We will do all we can to make sure you are fully informed and excited by our story so we get to see the best from you. If you need any adjustments made to help you with the interview process, just let us know and we’ll do our best to accommodate them.

Following your application, we will want to learn more about you, your motivations, experiences, and values. In turn, you get to learn about our business, our culture, the role and what we can offer you.

If you think you’d be great for the role, but don’t necessarily tick all the boxes, we’d still love to hear from you, so apply today and take the first step towards an exciting future!

Equal Opportunity Employer

At 118 118 Money we are passionate about equality, diversity, and inclusion. We are committed to being representative of different cultures, background, lifestyles, and groups, where everyone has an equal chance to succeed. It is our policy to treat everyone fairly and to ensure no one is disadvantaged or receives less favourable treatment. We recognise that everyone has different needs and while we can’t accommodate every flexible working request we are more than happy to have a conversation about it.

How we handle your data

118 118 Money requires your personal data to process your application for a position within our Company. If your application is successful through to telephone screening/interview, and you are not selected for a role, we may store your personal data for 12 months to enable our HR team to contact you should future roles be advertised.

Where you apply, but are not selected for telephone screening/interview, we will delete your personal data once the position is filled.

118 118 Money does not use automated decisioning or profiling when selecting candidates.

For your rights under GDPR please see our Privacy Policy

Please be aware that should we pursue your application, all our Financial Services employees will be expected to complete background checks to assess suitability for employment, these include a criminal record, identity, sanctions, adverse finance, fraud prevention and reference checks to comply with our regulatory requirements.