About This Role
This role involves serving as the legal lead for the company's Financial Services business and payments ecosystems, working closely with other legal and financial services teams. It is a build role, requiring the candidate to establish the legal infrastructure for a bank-originated lending program and continuously adapt it as the business grows. The Corporate Counsel reports to the General Counsel.
Responsibilities
- Take primary legal responsibility for Collectors' lending program, including drafting commercial and consumer loan agreements, key partner agreements, program documents, and ongoing program governance
- Partner with outside counsel, consultants, and the Collectors Financial Services team on program design and regulatory positioning
- Draft and maintain disclosures and review marketing materials in compliance with applicable laws
- Stay current on developments in consumer lending regulation and emerging requirements affecting program structure
- Advise on AML/BSA, OFAC, and KYC obligations applicable to lending counterparties and payments flows
- Cross-functional partnership to embed legal and compliance requirements across the lending lifecycle and non-lending payments flows
Requirements
- Graduate of a top law school with AmLaw100 or other large national law firm experience
- In good, active standing with the California Bar (or eligible for registered in-house counsel status)
- 6+ years of legal experience, with at least 2-3 years at a fintech, BaaS platform, or other consumer lending company in an in-house legal role or a similar role advising such companies at a top law firm
- Substantive experience with consumer lending regulation: TILA/Reg Z, UDAAP, FCRA, ECOA, GLBA, state licensing, and bank partnership program structures
- Working familiarity with payments and money movement concepts (money transmission, stored value/wallets, EFTA/Reg E, card network basics) sufficient to spot issues and partner effectively with business teams
- Comfortable advising on novel product structures and partnering with business teams in a fast-moving environment
- Strong organizational skills with the ability to manage multiple workstreams while maintaining quality
Benefits
- Employee Discounts: Discounts on select grading services for approved submissions
- 401(K) Matching Plan
- Health Insurance: Medical, dental, and vision for you and your family’s well-being
- Vacation/Paid Time Off: Paid vacation for full-time employees
- Holiday Pay: 10 company paid holidays for all regular, full-time employees
- Flexible Hours: Flexible schedules with varying shifts are available to accommodate your needs
Important Details
