Legal & Regulatory Counsel, Payments

This is a fully remote position, open to applicants in Kazakhstan.

📋 Description

• Assist in the licensing process with the NBK and AFSA, encompassing application submissions, legal assessments, internal documentation, and responses to regulators.

• Track and evaluate Kazakhstan's legislation and regulations related to payments, e-money, currency control, AML/CFT, personal data, and the AIFC/AFSA framework.

• Provide guidance on regulatory impacts and their implementation.

• Prepare correspondence for regulatory bodies, clarification inquiries, and feedback on draft regulations.

• Engage in meetings with the NBK, AFSA, and other regulatory authorities.

• Facilitate participation in the regulatory sandbox and structure pilot products along with testing conditions.

• Draft, review, and negotiate agreements with partner banks, client fund safeguarding, outsourcing, intragroup services, technology, vendors, and clients.

• Evaluate new products and services, client documentation, disclosures, and ensure compliance with consumer protection laws.

• Provide corporate legal support to locally licensed entities, including incorporation, constitutional documentation, board and shareholder resolutions, governance paperwork, and regulatory approvals.

• Develop and sustain internal policies and procedures mandated by the NBK and AFSA in collaboration with compliance and risk teams.

• Assist with regulatory inspections, examinations, and audits while submitting necessary regulatory notifications.

• Manage legal facets of client complaints and disputes, coordinating with external legal counsel as needed.

• Collaborate with Binance's global legal, compliance, and payments teams to ensure alignment of local requirements with group practices.

⛳️ Requirements

• A law degree from a recognized institution.

• Over 5 years of legal experience concentrating on financial services regulation within a bank, payment organization, fintech company, or law firm that specializes in financial services.

• Practical experience with licensing and regulatory interactions with the NBK and/or the Agency for Regulation and Development of the Financial Market.

• In-depth knowledge of the Law of the Republic of Kazakhstan "On Payments and Payment Systems," NBK regulations concerning payment organizations and e-money, currency regulation, AML/CFT, and personal data legislation.

• Familiarity with the AIFC/AFSA regulatory framework is a significant advantage.

• Demonstrated experience in drafting and negotiating commercial agreements, including those related to banking, outsourcing, and technology.

• Background in corporate law and governance of regulated financial entities.

• Capability to interpret complex regulatory requirements into actionable business solutions.

• Experience in the fields of cryptocurrency, digital assets, or e-money is advantageous.

• Exceptional drafting skills and the ability to collaborate effectively with global cross-functional teams in a dynamic environment.

• Proficiency in Russian and English is required.

• Proficiency in Kazakh is highly preferred.

🏝️ Benefits

• Competitive salary along with company benefits.

• Opportunities for professional advancement and ongoing education.

• Autonomy within an innovative setting.

• Collaboration with top-tier talent in a user-focused global organization with a flat hierarchy.