We’re driven by a bold goal: to empower everyone with their finances. Say goodbye to the outdated, perplexing methods of conventional banking. With our eye-catching hot coral cards and unique get-paid-early feature, paired with engaging financial education via social media and our award-winning customer service, we’ve consistently crafted unforgettable experiences for our customers!

At Monzo, we’re not just selling products; we aim to solve challenges and transform lives.

We’re excited to invite a Senior Legal Counsel – Insurance to join our dynamic team. In this pivotal role, you’ll spearhead the legal guidance for our expanding insurance distribution business, reporting directly to the Head of Legal for Wealth Products. As a key member of the Monzo Bank Legal team within the Legal & Board Governance Collective, you will play a critical role in our endeavor to reshape the banking landscape.

In this position, you will collaborate closely with the Insurance Squad to develop and deliver Monzo’s innovative insurance offerings, ensuring they are accessible to all. You’ll engage with various stakeholders across the organization—from Product Managers and Designers to Operations personnel and Software Engineers—to make a positive impact on the insurance market.

Key Responsibilities:

• Act as a trusted advisor and collaborator to the Insurance team, ensuring our app delivers exceptional customer experiences while complying with regulatory standards.
• Provide legal counsel on the evolution of our insurance products, guiding the expansion of our offering and seamless integration into the Monzo app.
• Assist the Insurance team in managing relationships with third-party partners involved in our insurance services, including underwriters and administrators.
• Stay ahead of regulatory changes in the insurance sector, working closely with Compliance colleagues to navigate the landscape effectively.
• Collaborate with Risk and Control teams to identify and manage legal and regulatory risks inherent to the insurance business.
• Prioritize efforts to ensure maximum impact and efficiency in our operations.
• Create and refine processes for delivering scalable legal advice across the Monzo Group.
• Provide training and share insights from your expertise to educate the broader team on insurance matters.
• Manage relationships with external legal counsel, ensuring optimal use of our legal budget concerning insurance issues.

Qualifications:

• A solid background in advising on general and/or life insurance, with at least 5 years of relevant post-qualification experience or its equivalent.
• Strong technical skills and deep knowledge of regulatory and commercial aspects of general insurance and insurance distribution, ideally with experience in both private practice and in-house roles at a financial institution or fintech.
• A collaborative and goal-oriented mindset, passionate about driving change and achieving impactful results.
• Exceptional communication skills along with a strategic approach to problem-solving and risk assessment.
• Willingness to tackle a variety of legal challenges, proactively seeking solutions and judiciously engaging external counsel when necessary.
• Comfort in interacting across all organizational levels, including executives, while connecting with diverse internal and external stakeholders.
• An appreciation for diverse perspectives and a critical mindset that isn’t afraid to challenge the status quo.
• A genuine curiosity about the intersection of banking and technology, with a passion for the innovative work happening at Monzo.

Not ticking every box? That’s perfectly fine! Research indicates that women and people of color often hesitate to apply unless they check every requirement. At Monzo, we’re committed to building an inclusive team. If you’re excited about this role and eager to learn and grow with us, we encourage you to apply, even if you don’t meet all the qualifications listed. We’d love to hear from you!

The Hiring Process:

1. Initial recruiter call (followed potentially by a conversation with the Head of Legal, Wealth Products)
2. Role-specific interview
3. Values interview

You might also have a casual ‘coffee chat’ with key members of the Insurance and Legal teams after these stages.

On average, our hiring process lasts about 3-4 weeks, and we’re flexible around your availability. Feel free to reach out to our recruitment team if you have any questions prior to applying.

Compensation and Benefits:

• A competitive salary of approximately £100,000 (based on experience) plus stock options.
• Visa sponsorship available.
• Flexible work arrangements with the opportunity to work from our London office or remotely within the UK (with occasional in-person meetings).
• Flexible working hours to ensure you can manage your job effectively and comfortably.
• A generous learning budget of £1,000 annually for books, training courses, and conferences.
• And numerous other benefits—view our full list [here](insert link).

Commitment to Equality:

At Monzo, we prioritize diversity and inclusivity, fostering an environment where everyone can thrive. Embracing diverse backgrounds is crucial to our mission of making finance accessible to all. We are proud equal opportunity employers, reviewing all applications regardless of age, ethnicity, religion, gender, sexual orientation, or any other characteristic.

If you prefer a specific name or have any specific needs during the application, feel free to let us know—we value your individuality.

Join us in our mission to revolutionize banking! Apply now!