Product Counsel

We empower growing businesses by making access to capital easy. We are building Buy Now, Pay Later for B2B businesses. We enable any business to pay with installments at checkout. Buy Now, Pay Later is the foundation to rebuilding the messy cross-border B2B payments infrastructure — our vision is to be Stripe for global B2B.

We are growing insanely fast and having fun!
Work with Seasoned Startup Vets!
Meaningful and Impactful Work!
Competitive Salary!
Strong benefits package!
Career Stability!

As Product Counsel, you will have a broad range of responsibilities providing legal guidance on product and feature development. You will also be our compliance lead providing company-wide advice related to anti-money laundering obligations, payments, and business lending operations. This role requires both a passion for designing products and an adherence to building a strong regulatory compliant framework. You will be providing strategic legal and regulatory advice to the company while helping us bring our products to market and sign customers.

Day to Day:
Provide guidance to product and engineering teams on issues related to all products and features throughout the entire product lifecycle
Provide pragmatic, actionable advice on requirements for existing and new products
Draft terms of service and commercial agreements related to our products and services
Cultivate creative ideas and insights into how legal frameworks can support new product developments and customer experiences
Advise on product and marketing collateral, customer communications, and disclosures
Manage regulatory examinations and audits
Policies & Procedures - develop and maintain the compliance policies and procedures required by the credit framework, in order to support lending
Provide strategic insight for Operations as they build support for lending workflows
Provide reporting required by the compliance framework
Train employees and partners with respect to the compliance required for lending and payments
Case manage customer compliance complaints related to lending and provide formal responses to such matters
Manage state licenses and the relationship with the state regulators
Manage all monthly testing and reporting to the Partner Bank

Requirements
8+ years of combined, relevant experience in law firms or in-house fintech / software legal departments
Business credit background a plus
Demonstrated solution-oriented business and compliance judgment
Excellent commercial negotiation and drafting skills
Experience with product development and advising on laws and regulations applicable to technology
Familiarity with ECOA, RegZ, FCRA, FDCPA, UDAAP, Truth in lending, True lender consideration
Excellent communicator both internally and externally, with ability to break down complex regulatory requirements into easy-to-understand and practical advice
Basic understanding of AML and sanctions programs, including applicable U.S. legislation