Product and Regulatory Legal Director

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

📋 Description

• Collaborate with cross-functional teams to provide guidance on new product introductions, payment functionalities, banking offerings, and improvements to current products.

• Offer strategic advice on consumer financial regulations, state licensing, payment systems, banking partnerships, and new regulatory requirements.

• Prepare, assess, and negotiate intricate commercial contracts with financial institutions, payment processors, fintech companies, and technology providers.

• Act as a subject matter authority on BaaS, NACHA regulations, payment networks, BSA/AML compliance, fraud prevention, privacy issues, and consumer service matters.

• Track regulatory changes and analyze emerging financial technologies.

• Convert changing regulatory demands into actionable business recommendations.

• Develop scalable legal processes and enhance regulatory oversight.

• Utilize technology, artificial intelligence, and external counsel to boost Legal efficiency and effectiveness.

• Counsel teams across Product, Engineering, Risk, Compliance, and Operations.

• Shape product strategy and legal choices across banking, lending, payment, and subscription services.

⛳️ Requirements

• Juris Doctor (J.D.) degree from an accredited law school.

• Active membership in good standing with a state bar.

• 7–10 years of pertinent legal experience in consumer financial services, fintech, banking, or a related regulatory field.

• Extensive knowledge of consumer banking and payment regulations, including Regulation E, NACHA rules, card network standards, BSA/AML, and state money transmission laws.

• Solid understanding of FCRA/FACTA, SCRA/MLA, FDCPA, FDIC insurance regulations, and GLBA/Regulation P.

• Experience in advising on state licensing regulations, managing regulatory changes, and banking or lending operations.

• Capacity to independently assess complex legal matters, negotiate commercial contracts, and provide practical, business-focused legal advice.

• Background in advising a neobank, banking-as-a-service platform, or consumer-oriented fintech.

• Awareness of digital assets, new payment technologies, or advocacy in financial services regulation.

• Proven experience enhancing legal processes through automation or AI.

🏝️ Benefits

• Equity opportunities.

• Flexible working hours and a virtual-first work environment.

• Stipend for home office expenses.

• Comprehensive Medical, Dental, and Vision Insurance plans.

• Generous paid parental and caregiver leave policies.

• 401(k) retirement plan with matching contributions.

• Access to financial advisors and wellness support.

• Flexible paid time off (PTO) policies and generous company holidays, including Juneteenth and Winter Break.

• Company-wide in-person gatherings once or twice annually.

• Ongoing virtual events to foster connections among team members and leadership.

• Opportunity to address challenging issues, learn from exceptional talent, and assist millions in achieving their personal financial aspirations.