Full-Time

Senior Legal Counsel

Confirmed live in the last 24 hours

Sendwave

Sendwave

201-500 employees

Fee-free international money transfer service

Fintech
Financial Services

Senior

Remote in UK

UK-based role with remote-first flexibility.

Category
Legal
Risk & Compliance
Legal & Compliance
Requirements
  • Qualified lawyer with financial services/payments regulatory experience
  • Excellent technical skills: demonstrated ability to draft clear, professional and legally robust correspondence, advice, contracts, policies and other documentation as required, with appropriate form and style
  • Recent experience of working with businesses in the payments/financial services sector and awareness and knowledge of the external business environment relevant to Zepz
  • Experience of applying regulations relevant to financial services and payment institutions and/or handling general commercial legal matters and/or experience in leading corporate or banking transactions
  • Experience negotiating complex commercial contracts and ability to influence and persuade in decision-making processes both internally and externally
  • A commercial mindset and ability to think creatively to achieve the commercial objectives of the business and to deliver legal advice in the appropriate commercial and regulatory context and within tight timeframes
  • First class interpersonal and communication skills: able to, and enjoy, building and maintaining good relationships both internally and externally at all levels
  • Comfortable working in an automation-led, fast-paced environment and juggling multiple priorities
  • Ability to work independently, but also a team player: fostering knowledge sharing and being prepared to be involved in the day-to-day.
Responsibilities
  • Be heavily involved in a breadth of ‘business as usual’ and 0-1 project work that may include: advising on regulatory matters and issues that arise from our operation as a payment services provider business, including the regulatory constraints in which the business operates, product launches, country launches and licensing as well as liaising with regulators in various jurisdictions, including the UK, Belgium, Australia and South Africa
  • Commercial contracting work including drafting; negotiating and advising on contracts related to the payments ecosystem, our products and payment institutions
  • Leading on product launches across our global send and/or receive jurisdictions
  • Managing customer services issues, including day-to-day complaints management and referrals to the Financial Ombudsman Service or equivalent as well as litigation; and/or advising on transactional and other strategic projects including drafting intra-group agreements and other contracts to support group restructuring and M&A so that the business can move forward at pace, while protecting our interests
  • Address general or ad-hoc legal queries from business stakeholders and other team members including in respect of intellectual property and day to day corporate work
  • Keep abreast of regulatory developments in the payments/e-money financial services industry and assess the impact of these developments on the business and manage stakeholders accordingly
  • Work closely with the Global Risk and Compliance teams to ensure the company operates within a robust regulatory and compliance framework
  • Help develop appropriate legal templates and processes and actively work to collaboratively align the legal objective and business objectives
  • Assist with the know-how, professional development and training needs of the Legal team including help develop appropriate legal templates and processes and support more junior members of the team
  • Liaise with multiple stakeholders, both internally and externally to Zepz, and so must be able to communicate confidently and effectively and have excellent stakeholder management skills
  • Actively work to align the legal objectives and business objectives collaboratively.

Sendwave specializes in international money transfers, making it easy and cost-effective for individuals to send money abroad, particularly to regions like Africa, the Philippines, and Haiti. The service is popular among immigrants and expatriates who regularly send remittances to their families. Users can link their debit cards and verify their identities to start sending money quickly through the user-friendly Sendwave app. Unlike many competitors, Sendwave does not charge fees for sending money; instead, it generates revenue through the exchange rate margin, making it a more affordable option for users. The company is licensed to operate in the US, Canada, the UK, and the EU, and it has built a reputation for reliability with over one million users worldwide. Additionally, Sendwave offers 24/7 customer support through its app, ensuring users have access to assistance whenever needed.

Company Stage

Acquired

Total Funding

$403.7M

Headquarters

Washington, District of Columbia

Founded

2017

Simplify Jobs

Simplify's Take

What believers are saying

  • Sendwave's new banking product, Sendwave Pay, offers additional financial services like interest-earning accounts and reduced remittance fees, enhancing customer value.
  • The company's strong reputation and over one million users worldwide indicate a solid and trusted market presence.
  • Operating under the umbrella of Zepz, Sendwave benefits from the financial stability and resources of a larger fintech entity.

What critics are saying

  • Regulatory scrutiny, as seen with the CFPB's actions against Chime, could impact Sendwave's operations and reputation.
  • The competitive landscape in the remittance market is fierce, with many players vying for market share, which could affect Sendwave's growth.

What makes Sendwave unique

  • Sendwave's no-fee service for international money transfers sets it apart from competitors who often charge high fees.
  • The company leverages a user-friendly app that allows for fast and secure transactions, making it highly accessible for immigrants and expatriates.
  • Sendwave's revenue model based on exchange rate margins rather than fees provides a transparent and cost-effective solution for users.

Help us improve and share your feedback! Did you find this helpful?