We were very excited to announce the acquisition of Kriya by Allica Bank. This is a brand new role which will form a key part of the Kriya team, providing legal leadership across all areas of the business with a focus on strengthening and widening our SME working capital proposition. This is an exciting opportunity to join a small and dynamic team as we move into the B2B embedded payments market. This role will be part of the Kriya team working closely with the Kriya General Manager on a daily basis, while functionally reporting to the Allica Bank General Counsel and supporting the wider Allica Bank legal team as required.
The legal team cover all aspects of life at Allica from commercial contracts, IP and employment to product design and everything in between. It’s a very fast-moving environment where no two days are the same. Our solution focus and desire to get a proper understanding of what our customers want and what the business is trying to deliver means that we can make a real difference in helping the company achieve its objective to be the most recommended for customers, colleagues and stakeholders.
Role Description
- Provide straightforward and effective advice to drive the delivery of the business objectives with a key focus on our established Invoice Finance product as well as building out our B2B embedded PayLater proposition
- Cover a variety of key areas including new product design and documentation, client issues, regulatory matters, contracts, employment, commercial, IP, IT, litigation, marketing and advertising, ecommerce and data protection
- Support the business in terms of new and existing business initiatives with the customer as the primary focus
- Ensure the business is protected, legally compliant, has certainty regarding its rights and obligations and is effectively risk-managed
Requirements
- Provide strategic legal leadership to the Kriya business on their products, specifically invoice finance and embedded finance including:
- Providing regulatory and strategic product development advice
- Drafting and maintaining product terms and conditions and customer-facing legal documents
- Providing guidance on guarantees, security and subordination
- Advise and provide support to the business on new product development including drafting product collateral
- Enable strategic geographic expansion across products
- Draft, negotiate and advise on a wide variety of commercial contracts with our strategic partners including forward flow and white label arrangements
- Advise on employment, intellectual property, property matters and anything else the business needs
- Stay up to date with relevant changes in the law and share knowledge with the team, in particular to make sure regulatory changes are planned for and advised upon in good time
- Provide legal advice and support to the GC and other stakeholders across the wider business
- Support others in the team so we are all continuously learning and growing together
Personal Attributes & Experience
- 4-6 years PQE
- Ability to take the lead in commercial contract negotiations and drafting
- In-depth knowledge of contract law concepts with an understanding not only of common legal provisions but also the ability to provide a commercial and pragmatic overlay
- Experience in financial services, in particular invoice financing, embedded finance and other forms of SME lending
- Highly motivated with the ability to work independently and as part of a team
- Excellent communication and drafting skills
- Continuous learning mindset for emerging technologies
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