Director, Senior Corporate Counsel – Financial Services

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

📋 Description

• Act as the main internal legal advisor for financial services, money movement, and fiduciary operations across Paylocity’s product and service offerings.

• Provide guidance on the establishment, chartering, licensing, and continuous operations of regulated financial services entities.

• Oversee legal workstreams for banking license applications and significant change filings with the OCC, FRB, FDIC, and state regulators.

• Offer advice on money transmission licensing strategy and lifecycle activities via NMLS.

• Draft, assess, and negotiate corporate, commercial, and regulatory agreements.

• Interpret and implement federal and state financial services laws and regulations.

• Develop and sustain corporate governance, board and committee frameworks, delegated authority policies, and affiliate transaction controls.

• Collaborate with Compliance on BSA/AML, OFAC, KYC/CDD/EDD, and consumer financial protection responsibilities.

• Manage and coordinate external legal counsel across regulatory, transactional, litigation, and specialized matters.

• Act as the legal point of contact for regulator inquiries, examinations, and enforcement issues.

• Keep track of legislative, regulatory, and supervisory changes impacting financial services and trust businesses.

• Assist with internal audit, enterprise risk, and regulatory examination preparedness, including information requests, findings, and remediation processes.

• Deliver legal risk reports to executive leadership, the AML Governance Committee, and other governance bodies.

• Collaborate with Compliance, Risk, Product, Finance, Treasury, Operations, Technology, external counsel, and consulting partners.

⛳️ Requirements

• BBA / BA / BS degree is mandatory.

• JD is required.

• Admission to a state or DC bar is necessary.

• At least 10 years of progressive legal experience in a combination of top-tier law firms, in-house financial services, and/or federal or state financial services regulatory agencies.

• A minimum of 5 years of leadership experience.

• Proven experience advising on the formation, chartering, and establishment of a national trust bank, national bank, or similar depository institution, including interactions with the OCC and/or FRB.

• Substantial expertise in financial services regulations, including UDAAP, EFTA/Reg E, Reg W, Reg CC, consumer financial protection regulations, and money transmission licensing.

• Experience with both federal and state legal and regulatory frameworks.

• Practical experience with OCC, FRB, FDIC, FinCEN, CFPB, and state financial services and money transmission regulators.

• Familiarity with BSA/AML, OFAC sanctions, and KYC/CDD/EDD.

• Knowledge of fiduciary and trust legal frameworks, including OCC 12 CFR 9 and state trust laws.

• Previous experience in payroll, HCM, spend management, or embedded finance is preferred.

• Capability to sit for extended periods, typically 7–8 hours a day.

• Ability to operate computers, phone systems, type, and use multiple software applications simultaneously.

• Must be available five days per week during designated working hours.

• Must work from within the U.S.

🏝️ Benefits

• Medical insurance.

• Dental insurance.

• Vision insurance.

• Life insurance.

• Disability insurance.

• 401(k) matching.

• Employee support perks for individuals, their families, and financial wellness.

• Opportunities for career development.

• Fully remote work from home or designated location within the U.S.

• Annual bonus.

• Restricted stock unit grant based on individual performance.

• Comprehensive range of company benefits.