Product Regulatory Lawyer- £120k-£130k (with benefits)- Payment Service Provider

Location: London; 2–3 days/week in office

Salary: £120,000–£130,000 base

Role Overview

A payments service provider is hiring its first dedicated Product Regulatory Lawyer to build and embed product governance as the business scales its issuing proposition. This is a hands‐on, autonomous role working closely with product teams to support the design, approval and launch of issuing‐side payment products. The hire must be comfortable owning product legal work end‐to‐end in a lean legal function.

Key Responsibilities

• Build and run product approval and product governance processes
• Develop product matrices, legal frameworks and approval workflows
• Draft and maintain product‐level terms & conditions and supporting documentation
• Advise product teams on payments regulatory requirements across issuing and card products
• Support expansion into issuing and potential licensing activities
• Act as a commercially pragmatic legal partner to product, risk and compliance
• Manage/oversee paralegal support (contract‐focused) and coordinate with external advisors

Ideal Candidate Profile

• 5–8 PQE (flexible), ambitious and comfortable operating autonomously
• Strong payments product experience on the issuing side (essential)
• Ideal backgrounds: Monzo, Revolut, Barclaycard, similar issuers
• Merchant / issuer experience preferred over large traditional banks
• Hands‐on product lawyer who also understands regulatory impacts
• Not a pure regulatory specialist; must enjoy product‐facing work
• Solid card payments experience highly advantageous
• Used to working closely with product managers and engineers
• Comfortable building frameworks from scratch in a fast‐growing business
• Commercial, pragmatic, able to balance speed with regulatory rigour
• B2B payments-only backgrounds (e.g. Airwallex‐type profiles) likely to be less suitable

Please contact: gbalasubrama@mlaglobal.com for further details on this.