Director, Regulatory Counsel

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

📋 Description

• Oversee Oportun’s multi-state licensing program encompassing direct-lending and fintech bank partnership models.

• Investigate and identify licensing requirements, leading applications, renewals, maintenance, and associated regulatory reporting.

• Manage licensing and regulatory examinations by coordinating responses, gathering necessary information, tracking obligations and issues until resolution, and liaising with state regulators.

• Stay updated on legal and regulatory changes, including state licensing requirements and true-lender laws.

• Counsel senior leaders, Legal and Compliance partners, and business stakeholders on regulatory risks and necessary actions.

• Evaluate and provide guidance on policies, procedures, marketing, and operational practices.

• Assist in the implementation of regulatory changes and pinpoint opportunities to enhance processes and mitigate regulatory risks.

• Deliver leadership reporting concerning licensing, examinations, and regulatory reporting.

• Prioritize effectively across a complex portfolio.

• Directly supervise and mentor one paralegal.

• Offer advice to Set & Save product and business owners regarding federal and state laws and regulations, including subscription services, privacy, UDAAP, TCPA, and product marketing.

⛳️ Requirements

• 12+ years of legal experience in financial services, with considerable expertise in advising on consumer financial services regulatory issues.

• Proven experience in independently managing multi-state licensing processes, including NMLS filings, license applications, renewals, maintenance, regulatory reporting, and related requirements.

• Familiarity with NMLS and state licensing requirements.

• Strong understanding of privacy and fintech regulatory matters.

• Capability to interpret and apply federal and state consumer financial services laws.

• Proficient in utilizing AI tools such as ChatGPT, Copilot, or similar to enhance productivity.

• Juris Doctor (J.D.) degree.

• Admitted and in good standing to practice law in at least one U.S. jurisdiction.

• Practical regulatory law experience with sound judgment and effective communication skills.

• Experience with bank partnership models, including fintech programs operated through bank partnerships (preferred).

• Background in supporting or leading state regulatory examinations and engaging with state regulators (preferred).

• Fluency in Spanish, both written and verbal (preferred).

🏝️ Benefits

• Medical, Dental & Vision Insurance.

• 401(k) with company matching.

• Flexible PTO and Parental Leave.

• Company-paid Life & Disability Insurance.

• Competitive compensation and benefits package that promotes physical, financial, and professional well-being.