Western Union Financial Services and Payments Lawyer in London, United Kingdom

Job Title: Financial Services and Payments Lawyer

Requisition #: 1703737

Financial Services and Payments Lawyer

Western Union (WU) is a company on the move! We believe that when money moves, better things can happen. From small businesses and global corporations, to families near and far, or NGO’s in the most remote communities on Earth, WU helps people and business move money globally. We have a rich legacy of innovation, and are continuing to develop new and more convenient ways for our customers to send and receive money through digital, mobile, and retail channels. We have a combined digital and retail network that spans over 200 countries and territories. Some companies specialize in cash-based retail money transfer and others play only in digital. We are leaders in both!

Being on the Western Union team means being tenacious and goal-oriented. It means taking risks and quickly finding the path to success. It means having integrity, and finding ways to make things work. It means thriving as part of a diverse, global team of over 10,000 people who are committed to moving money for better . It means being driven to win, and to do work that makes a difference… on a global stage. Sound like you? Apply now!

The Job

Financial Services and Payments Lawyer

Role Purpose

In this role,you will provide general legal support to the Payments segment of The Western Union Company in Europe with a focus on the FX services and derivatives business. You will serve as a trusted business partner to management in the region and will participate as a key member of the EMEA legal team. This role will be based in London and reports directly to the Senior Counsel and global head of the FX Services and Derivatives Regulation legal team

The primary responsibilities of this role will include: advising on local regulatory requirements relating to payments, foreign exchange, and derivatives (FX forwards, NDF’s and options), counseling stakeholders on risks associated with strategic initiatives in the region, researching and monitoring laws in coordination with local counsel, supporting regulatory initiatives, and providing general legal support with respect to corporate commercial matters.

Key Accountabilities

  • Draft, review and negotiate agreements with Western Union partners, customers, and vendors in coordination with responsible business leaders

  • Manage external counsel to obtain accurate, efficient and cost-effective advice for the business

  • Advise and support the Compliance department with respect to Anti-Money Laundering and Counter-Terrorist financing, markets derivatives compliance as well as internal compliance policies and procedures;

  • Advise and support the Marketing department and provide legal sign-off for marketing materials; and

  • Work closely with Litigation, Employment, IP, and other shared functions within the General Counsel’s Office of The Western Union Company. About you

  • LL.B. degree from an accredited UK school of law (preferably with honors), or equivalent degree from an accredited school of law in another country.

  • Experience in an international law firm or legal department of a multi-national corporation (preferably engaged in the provision of financial services and/or regulation of financial services), with emphasis on payments, foreign exchange, and derivatives

  • Familiarity with EMIR, MiFID, the Payment Services Directive and other European financial services regulations will be considered an asset.

  • Experience with OTC derivative documentation including ISDA’s will be considered an asset (although not essential).

  • Experience in dealing directly with business clients at all levels, both inside and outside of the organization, but in counseling senior business clients.

The Pay

An attractive base salary is on offer depending on skills and experience and a comprehensive benefits package. As a member of our team you will be also be involved in our global employee recognition program.

To Apply

Growth and innovation are the story of our past, and they will define our future so if you are looking to be part of an exciting and innovative organization where your hard work can make a difference then please apply – we would love to hear from you.