Senior Legal Counsel - Italy (m/f/x)

Company Description

Scalable Capital is a leading digital investment platform in Europe. The company empowers everyone to shape their financial future. Scalable Broker makes it easy and affordable for clients to invest professionally in stocks, ETFs and other exchange-traded products and set up savings plans. Scalable Wealth, the digital wealth management service, offers clients professional investment in ETF portfolios and is also adopted as a white-label solution by renowned B2B partners. With the European Investor Exchange (EIX) Scalable Capital offers a stock exchange for retail investors in Europe. Over 50 billion euro is held on the platform by more than one million clients. Scalable Capital was founded in 2014 and employs more than 700 people at its offices in Munich, Berlin, Vienna, and London. Together with the founding and management team around Erik Podzuweit and Florian Prucker, they are working on a new generation of financial services.

Visit our finance blog or check out our Social Media channels to find out what our Expert Teams have to say.

Our Company Values guide us every day in how we work and collaborate. To learn more about them, you can find our values here (English).

Job Description

Scalable Capital is one of Europe's leading digital banks, with more than one million clients and over €60 billion on the platform, growing across Munich, Berlin, Vienna, Milan and London. We are hiring a Senior Legal Counsel to own the legal side of our Italian branch, the newest and fastest growing part of the bank.
You lead legal matters in Italy: customer documentation, the legal work on new product launches, the relationship with Banca d'Italia and external counsel. You work directly with the Branch Managers and with the group legal team in Germany. You look at the problem, you decide what the right approach is, and you run it through to signature. 

• Own every legal document signed by customers in Italy: you draft it and you decide what goes in it
• Lead new products end to end, from the regulatory analysis to the final client-facing wording
• Act as a key contact in interactions with regulators and external institutions, including regulatory reports and requests from authorities
• Draft, review and negotiate contracts with clients, partners and suppliers
• Instruct and manage external legal advisors: you choose the firm, you set the approach, you judge the output
• Own the process for complaints and contentious customer cases, including out-of-court resolution systems (ABF / ACF), inheritance, garnishment and insolvency cases
• Support internal operational teams in setting up and running processes for the Italian market in line with local regulations
• Advise on branch governance, policies and the correct implementation of relevant legislation (e.g. MiFID II, PSD II, CCD II, transparency and consumer protection requirements)

Qualifications

• Holds a law degree
• Over five years of experience, most of it in a top-tier Italian or international law firm with a strong focus on banking and financial regulation; in-house experience at a bank or a regulated fintech is equally welcome
• Solid knowledge of Italian financial services regulation, with familiarity with European frameworks (e.g. MiFID II, PSD2, CCD II) considered a strong plus
• Exceptional legal research and drafting skills, combined with the judgement to know when a two-line answer is the right one
• Comfortable owning a decision rather than presenting options, and saying no to a business that moves fast
• Proven ability to work independently, prioritize effectively across multiple workstreams, and deliver high-quality results in a fast-paced, multicultural environment
• Full professional fluency in both Italian and English

The salary range is between 77,000 EUR and 99,000 EUR. The final salary will be determined within this range based on your individual training, qualifications, and relevant professional experience.

Additional Information

• Be part of one of the fastest-growing and most visible Fintech startups in Europe, creating innovative services that have a substantial impact on the lives of our customers
• Work with an international, diverse, inclusive, and ever-growing team that loves creating the best products for our clients
• Be productive with the latest hardware and tools
• Learn and grow by joining our in-house knowledge sharing or career development sessions and spending your individual Education Budget 
• Opportunity to work from abroad
• Benefit from an attractive compensation package 
• Say goodbye to order commissions and say hello to your complimentary subscription of Scalable Capital's PRIME+ Broker