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Legal Counsel

Salary undisclosed

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ADVANCE.AI is a leading AI company that provides digital transformation, fraud prevention, and process automation solutions for enterprise clients. A leader in Artificial Intelligence, risk management and digital lending solutions, it currently partners over 700 enterprise clients across banking, financial services, fintech, payment, retail and e-commerce sectors. ADVANCE.AI has a global footprint across 11 markets in 3 continents.ADVANCE.AI is a leading AI company that provides digital transformation, fraud prevention, and process automation solutions for enterprise clients. A leader in Artificial Intelligence, risk management and has a global footprint with operations across ASEAN and wider APAC and Latin America it currently partners over 700 enterprise clients across banking, financial services, fintech, payment, retail and e-commerce sectors. ADVANCE.AI has a global footprint across 12 markets in 3 continents.

ADVANCE.AI is part of Advance Intelligence Group, a Series D-backed Tech Unicorn valued at US$2 billion, and also one of the largest independent technology startups based in Singapore. Founded in 2016, the Group has presence across South and Southeast Asia, Latin America and Greater China. The Group is backed by top tier investors SoftBank Vision Fund 2, Warburg Pincus, Northstar,Vision Plus Capital, Gaorong Capital, Pavilion Capital, GSR Ventures and Singapore-based global investor EDBI.

Ranked as the No.1 Top Startup in Singapore in 2021, we are partners with 700+ enterprise clients across Southeast Asia, South Asia and Mexico in sectors such as banking, financial services, fintech, payment, retail and e-commerce.

Advance Intelligence Group employees are united by a shared vision and purpose: to Advance with Intelligence for a Better Life--for our customers, colleagues and communities.

Our culture is built on values that are core to who we are and what we stand for:

  • We foster an INNOVATION mindset
  • We achieve results with EFFICIENCY and excellence
  • We take pride in the QUALITY of our work
  • We uphold INTEGRITY in all we do
  • We embrace COLLABORATION to work across business lines and borders

About The Role

We are looking for a talented and experienced senior legal counsel to join our Legal team based in our Indonesia office in Jakarta, to support the growth of the business in SEA. This candidate should be comfortable interpreting OJK regulations, liaising with regulators, advising on legal issues in relation to the technology and fintech space, counseling business partners and making decisions that have both legal and business impacts.

The role will be focused on leading the legal function across 3 entities in Indonesia, commercial transactional work, regulatory and compliance advisory, data and tech product review, business negotiations and supporting contentious matters in mainly the Indonesia market.

You Will Be

  • Partnering with senior leadership, GR, and the International Commercial team and Partnerships team to support the growth and expansion of Advance.AI and its sister companies in Indonesia and other jurisdictions.
  • Collaborating with cross-functional stakeholders, managing regulatory inquiries, and conducting legal, privacy and regulatory review on new products, features, and/or new markets that Advance.AI may explore from time to time.
  • Legal product review of Advance.AI products, including AI and data products.
  • Improvement of legal processes, implementation of risk mitigation projects.
  • Planning the set up and operations of the Indonesia legal AAI team.
  • Coordination of external counsel.
  • Any other ad-hoc matters that require legal support.

What You Will Need To Succeed

  • Indonesia-law qualified lawyer with minimum 8 years PQE; having worked in TMT, M&A, or banking/ finance in a tier1/2 law firm. In-house experience with a tech / fintech company essential. Experience working with regulators will also be valued.
  • Knowledge of complex legal matters related to technology, finance, and OJK regulations, including understanding of current technology and innovation and regulatory trends (AI and data issues).
  • Understanding of the OJK regulatory framework governing Innovation in the Financial Technology Sector (ITSK), particularly in the area of Innovative Credit Scoring (ICS), with demonstrated experience in navigating OJK regulations for the implementation, licensing, and supervision of ICS products and services, and experience working with regulators are essential.
  • Experience building and leading a legal team. Experience in creating and refining legal function processes, and creating cross-function processes.
  • Comfortable working with an international / regional team.
  • Fast learner, technically strong, and highly adaptable individual, with keen, enthusiastic interest in technology.
  • A commercial and practical mindset, and a self-starter that can identify and prioritise opportunities to focus on in a fast paced working environment.
  • Experience of product advisory for tech, scoring, and alternative data products.
  • Excellent negotiation, drafting and analytical skills and efficient communicator.
  • Culturally sensitive, able to work closely with colleagues and other stakeholders across the world.

ADVANCE.AI is a leading AI company that provides digital transformation, fraud prevention, and process automation solutions for enterprise clients. A leader in Artificial Intelligence, risk management and digital lending solutions, it currently partners over 700 enterprise clients across banking, financial services, fintech, payment, retail and e-commerce sectors. ADVANCE.AI has a global footprint across 11 markets in 3 continents.ADVANCE.AI is a leading AI company that provides digital transformation, fraud prevention, and process automation solutions for enterprise clients. A leader in Artificial Intelligence, risk management and has a global footprint with operations across ASEAN and wider APAC and Latin America it currently partners over 700 enterprise clients across banking, financial services, fintech, payment, retail and e-commerce sectors. ADVANCE.AI has a global footprint across 12 markets in 3 continents.

ADVANCE.AI is part of Advance Intelligence Group, a Series D-backed Tech Unicorn valued at US$2 billion, and also one of the largest independent technology startups based in Singapore. Founded in 2016, the Group has presence across South and Southeast Asia, Latin America and Greater China. The Group is backed by top tier investors SoftBank Vision Fund 2, Warburg Pincus, Northstar,Vision Plus Capital, Gaorong Capital, Pavilion Capital, GSR Ventures and Singapore-based global investor EDBI.

Ranked as the No.1 Top Startup in Singapore in 2021, we are partners with 700+ enterprise clients across Southeast Asia, South Asia and Mexico in sectors such as banking, financial services, fintech, payment, retail and e-commerce.

Advance Intelligence Group employees are united by a shared vision and purpose: to Advance with Intelligence for a Better Life--for our customers, colleagues and communities.

Our culture is built on values that are core to who we are and what we stand for:

  • We foster an INNOVATION mindset
  • We achieve results with EFFICIENCY and excellence
  • We take pride in the QUALITY of our work
  • We uphold INTEGRITY in all we do
  • We embrace COLLABORATION to work across business lines and borders

About The Role

We are looking for a talented and experienced senior legal counsel to join our Legal team based in our Indonesia office in Jakarta, to support the growth of the business in SEA. This candidate should be comfortable interpreting OJK regulations, liaising with regulators, advising on legal issues in relation to the technology and fintech space, counseling business partners and making decisions that have both legal and business impacts.

The role will be focused on leading the legal function across 3 entities in Indonesia, commercial transactional work, regulatory and compliance advisory, data and tech product review, business negotiations and supporting contentious matters in mainly the Indonesia market.

You Will Be

  • Partnering with senior leadership, GR, and the International Commercial team and Partnerships team to support the growth and expansion of Advance.AI and its sister companies in Indonesia and other jurisdictions.
  • Collaborating with cross-functional stakeholders, managing regulatory inquiries, and conducting legal, privacy and regulatory review on new products, features, and/or new markets that Advance.AI may explore from time to time.
  • Legal product review of Advance.AI products, including AI and data products.
  • Improvement of legal processes, implementation of risk mitigation projects.
  • Planning the set up and operations of the Indonesia legal AAI team.
  • Coordination of external counsel.
  • Any other ad-hoc matters that require legal support.

What You Will Need To Succeed

  • Indonesia-law qualified lawyer with minimum 8 years PQE; having worked in TMT, M&A, or banking/ finance in a tier1/2 law firm. In-house experience with a tech / fintech company essential. Experience working with regulators will also be valued.
  • Knowledge of complex legal matters related to technology, finance, and OJK regulations, including understanding of current technology and innovation and regulatory trends (AI and data issues).
  • Understanding of the OJK regulatory framework governing Innovation in the Financial Technology Sector (ITSK), particularly in the area of Innovative Credit Scoring (ICS), with demonstrated experience in navigating OJK regulations for the implementation, licensing, and supervision of ICS products and services, and experience working with regulators are essential.
  • Experience building and leading a legal team. Experience in creating and refining legal function processes, and creating cross-function processes.
  • Comfortable working with an international / regional team.
  • Fast learner, technically strong, and highly adaptable individual, with keen, enthusiastic interest in technology.
  • A commercial and practical mindset, and a self-starter that can identify and prioritise opportunities to focus on in a fast paced working environment.
  • Experience of product advisory for tech, scoring, and alternative data products.
  • Excellent negotiation, drafting and analytical skills and efficient communicator.
  • Culturally sensitive, able to work closely with colleagues and other stakeholders across the world.