Senior Legal Counsel

About the Position

PayDo, a leading Electronic Money Institution (EMI) authorized by the FCA in the UK, FINTRAC in Canada, and MFSA in Malta, operates in 140+ countries and over 25 industries. We offer multicurrency IBANs, merchant solutions, mass payment options, acquiring, open banking, and more. As a Senior Legal Counsel, you will leverage your expertise in international financial regulations to ensure the company’s operations adhere to all relevant legal standards.

Responsibilities

• 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 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 minimizing risks

Requirements

• 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 organizations 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

Nice to Have

• 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

We Offer

• Annual Learning & Development Budget – invest in your growth with dedicated funds for courses, training, and certifications.
• Regular Performance Reviews Based on KPIs – for your professional growth.
• 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.
• Innovation Financial Rewards – share your ideas through our PayDo Ideas Hub and earn extra bonuses.
• Public Holidays tailored to your country’s calendar.
• Flexible Payout Options – PE accounts or popular e-wallets.

About the Company

PayDo is a fintech company founded by a team of ambitious professionals with extensive experience back in 2017. Through the years, our team has grown, our products have become more advanced, and the whole company has come a long way to become one of the top financial service providers.

Become part of a global team redefining FinTech. Your expertise, passion, and ideas will shape the future of payments with PayDo!