UK Commercial Legal Counsel

Job description

The company Small businesses move fast. Opportunities often don’t wait, and cash flow pressures can appear overnight. To keep going, and growing, SMEs need finance that’s as flexible and responsive as they are. That's why we built iwoca. Our smart technology, data science and five-star customer service ensures business owners can act with the speed, confidence and control they need, exactly when it's needed. We’ve already cleared the way for 100,000 businesses with more than £4 billion in funding. Our passionate team is driven to help even more SMEs succeed, through access to better finance and other services that make running a business easier. Our ultimate mission is to support one million SMEs in their defining moments, creating lasting impact for the communities and economies they drive. We are recruiting a UK qualified lawyer to work across our UK business on commercial and regulatory matters and report to iwoca’s General Counsel. Day to day you will: Support and advise our credit card product team, which will include providing regulated payment services, to build a best-in-class business credit card for SMEs Support and advise the wider business on commercial and regulatory issues, in cooperation with the regulatory compliance team Support and advise our other new ventures, which include an SME M&A platform (Manda), an SME credit score to help them monitor, understand and improve their business credit score (Credit Compass) and insurance brokerage that aims to disrupt an industry ill-suited to SMEs’ needs, to: navigate the complex regulatory environment and structure the product accordingly; build new features that solve real-world problems for SMEs; develop and manage contracts with partners; and prepare and update customer terms and conditions Identify and implement process improvements to make legal work more efficient, including building out and maintaining templates, playbooks and decision frameworks to produce better outcomes, all of which can be augmented using AI tools Instruct and manage external legal counsel, and manage legal budget with the guidance of the General Counsel and business heads There will be opportunities for you to: Advise and educate other members of the legal team on areas of your competence through formal and informal training Grow with a fast-growing business and get exposure to a wide range of Fintech products and servic…