About the job
About Abound
At Abound, we are revolutionizing consumer lending across the UK and beyond. By harnessing the power of advanced AI and Open Banking data, we deliver fair and affordable personal finance solutions to a broader audience. Unlike traditional lenders, who primarily focus on credit scores, we assess the complete financial landscape of our customers—considering their spending habits and repayment capabilities to create a comprehensive understanding of each individual's unique financial needs.
Our innovative approach has proven effective at scale; we've successfully issued over £1.3bn in loans, achieving industry-leading credit performance. For every 10 defaults expected in the industry, we experience only 3. Our growth trajectory is exceptional, achieving profitability just 2.5 years after our inception.
Supported by over £2bn in funding from prominent investors such as Citi, GSR Ventures, and Deutsche Bank, we have been recognized as one of Europe’s fastest-growing fintech companies (Sifted, CNBC). As we continue to expand into new markets and product lines, we are on the lookout for ambitious individuals who are eager to learn, take ownership, and grow alongside us.
Role Summary
As we scale our operations, we are seeking a Regulatory Counsel with expertise in the Consumer Credit Act (CCA) and FCA CONC regulations. Your role will involve preparing submissions to the FCA and other regulatory bodies while advising senior leadership on regulatory risks pertinent to your area. You will also be responsible for drafting, implementing, and monitoring legally sound, plain-English templates, ensuring that live documents are consistent with approved versions. Given our small legal team, you will also assist with a variety of broader legal tasks.
Key Responsibilities
Regulatory Submissions: Craft high-quality submissions and supporting documents, including Appointed Representative/IAR applications, waiver/modification requests, and applications for new permissions, while collaborating with external counsel as necessary.
New Market Analysis: Identify and communicate critical legal and regulatory issues related to new products, markets, and geographies under consideration. Collaborate closely with cross-functional teams to ensure that decisions regarding new market entries are well-informed and effectively managed.
Draft and Maintain Customer Credit Documentation: Oversee the lifecycle of customer credit documentation (pre-contract and post-contract), including credit agreements, PCCI, adequate explanations, statements, and notices (e.g., NOSIAs and Default Notices). Manage the suite of customer documentation, ensuring proper version control and approvals.

