Legal Counsel

About Bits

Bits is an innovative financial technology company that is revolutionising the way people build credit. We are dedicated to helping consumers, especially the underbanked and marginalised, access credit and improve their financial wellbeing. With a focus on individuals in the UK and the US, we are on a mission to empower the next generation to live a healthy and strong financial life.

As a young and dynamic company, we have experienced rapid growth since our founding in 2018. Our remote developer team spans across Europe, while our executive, HR, marketing, legal, and design teams are based in London.

Please note that this role requires working from the office five days a week, and unfortunately, we are unable to provide visa sponsorship.

About the Role:

We are looking for an ambitious and creative in-house lawyer to join our team. In this role, you will provide legal support across various operational functions, ensuring that our practices comply with applicable laws and regulations. You will work closely with the CEO and other cross-functional teams, providing strategic legal advice, conducting legal research, and contributing to the development and execution of compliance policies and procedures. Ideal candidates will possess a deep understanding of relevant regulatory frameworks and demonstrate exceptional analytical and problem-solving skills.

Key Responsibilities:

• Apply legal expertise and lateral thinking to our growing suite of products to ensure compliance with applicable laws and regulations.
• Take ownership of the firm's legal position: work directly with the CEO to set up, improve and maintain the internal processes required to ensure compliance with our legal obligations and regulatory expectations.
• Take ownership of the consumer contracts for our various products, drafting new ones for our new products and amending the existing ones when and as necessary.
• Assist the team in all FCA communications, applications, etc.

Requirements

• Qualified as a Solicitor in England and Wales with 1+ years PQE and knowledge of the UK financial regulatory landscape, including the FCA.
• Business-driven, solutions-oriented mindset and lateral thinking.
• Ability to take ownership for business outcomes, and manage varied work-streams.
• Right to work in the UK.
• Ability to work from our Camden offices at least five days per week.

Benefits

What's in it for You:

1. Impactful Mission: You'll play a key role in scaling our platform to support the next million Bits users, contributing to a product that's changing lives.
2. Dynamic Work: Forget the mundane. You'll be in a role where you get to develop skills in multiple practice areas, and every day brings a new challenge.

Salary and Benefits:

• £85,000 p/a.
• Private health insurance.
• 28 days' holiday annually, inclusive of bank holidays.
• Choose your hardware.
  
  

And if there's something else you desire (within reason), we're all ears. We want you to be happy, fulfilled, and proud to be part of Bits.

The Interview Process 

• A quick introductory call
• A short take-home assignment
• A final round, introduction to our CEO and founder.