Abound · London
Legal Counsel Regulatory
About Abound We’re redefining consumer lending in the UK, and beyond. Using advanced AI and Open Banking data, we make fair, affordable personal finance availa...
About Abound
We’re redefining consumer lending in the UK, and beyond. Using advanced AI and Open Banking data, we make fair, affordable
personal finance available to more people. While traditional lenders rely almost entirely on credit scores, we look at the full
financial picture - how much you spend, and what you can afford to repay to build a deeper, more accurate understanding of each
customer's unique financial situation.
And we've shown it works at scale. We’ve issued over £1.3bn in loans directly to customers while delivering market-leading credit
performance - for every 10 defaults the industry expects, we see only 3. We also reached profitability just 2.5 years after
launch.
Backed by £2bn+ of funding from top-tier investors including Citi, GSR Ventures, and Deutsche Bank, we’re recognised as one of
Europe’s fastest-growing fintechs (Sifted, CNBC). Now, we’re expanding into new markets and product lines - and we’re looking for
ambitious people who want to learn fast, take ownership, and grow with us.
Role summary
Fintern is a fast-growing fintech consumer lender. We're scaling up and entering new markets and introducing new products. We’re
hiring a Regulatory Counsel with strong Consumer Credit Act (CCA) and FCA CONC experience. You’ll prepare submissions to the FCA
and others and advise senior leadership on regulatory risk in your area. You’ll also draft, implement, and monitor legally robust,
plain‑English templates and ensure live documents match approved versions. We have a small legal team so you will also be expected
to assist with broader legal work.
What you’ll do
- Regulatory submissions: draft submissions and supporting materials to a high standard such as Appointed Representative/IAR
applications, waiver/modification requests, applications for new permissions and similar submissions, liaising with external
counsel where needed.
- New markets: identify and communicate key legal and regulatory matters for new products, markets and geographies that we are
considering. Working closely with others, ensure that decisions about new markets are well-informed and that subsequent entry
is well-managed.
- Draft & maintain customer credit documentation across the lifecycle (pre‑contract and post‑contract), including credit
agreements, PCCI, adequate explanations, statements, and notices (e.g. NOSIAs and Default Notices). Maintain suite of customer
documentation, managing versioning and approvals. Check accurate deployment into production.
- Risk advice and governance: provide clear, pragmatic advice to the CCO and senior management on risks and mitigations in your
area; log actions and drive them to closure.
- External advice: commission advice from legal and other advisers on discrete questions, track progress, and capture learning
back into templates and guidance.
- Assist with broader legal work: work with a more senior lawyer to prepare/review and negotiate the commercial agreements
governing entry into new markets and introduction of new products, review and negotiate supply terms for the products and
services essential to our business and review and negotiate NDAs.
- Support broader compliance activities: working with the Compliance team, help to identify key compliance risks and where needed
monitor and control these risks. This may entail detailed loan-by-loan review work.
You’ll bring
Qualified UK Solicitor
- Knowledgeable and experienced in the areas of Consumer Credit Act, FCA Handbook including CONC. Additionally, knowledge of the
Payment Services Directive where relevant to consumer lending activities would be an advantage.
Excellent written and verbal skills
Strong ability to evaluate risk and propose risk-based actions
Ability to negotiate with external parties and reach acceptable outcomes
Strong team-player qualities
What we offer
Everyone owns a piece of the company - equity
Hybrid with 3 days a week in the office
25 days’ holiday a year, plus 8 bank holidays
2 paid volunteering days per year
One month paid sabbatical after 4 years
Employee loan
Free gym membership
Team wellness budget to be active together - set up a yoga class, a tennis lesson or go bouldering
Role
Legal Counsel Regulatory
Location
Published
February 23
Deadline
August 16
Source