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Intelliswift Software - San Francisco, CA
posted 2 months ago
About the position
The Senior Counsel, Payments position involves providing strategic legal and regulatory advice to support a payments platform and financial services. The role requires collaboration with business and compliance teams to ensure compliance with applicable laws, including money transmission and anti-money laundering regulations. The position also entails engaging with U.S. financial regulators and advising on various legal matters related to payments and e-commerce.
Responsibilities
- Advise on compliance with US state and federal money transmission, anti-money laundering, and consumer protection laws and regulations, as well as card network requirements, with an eye towards global scalability.
- Work closely with client's Financial Services and Compliance teams, providing legal support to maintain existing licenses and products, and to rollout new features and functionalities.
- Translate complex financial regulations into clear requirements for business and compliance teams.
- Engage directly with financial regulators, and advise on regulatory exams, regulatory reporting, and other matters.
- Advise on user-facing terms, commercial contracts with partners, policy documents, and upcoming legislation and regulation.
- Work closely with cross-functional teams, including Anti-Money Laundering/Sanctions Compliance, Risk, Finance/Treasury, Accounting, Marketing, Privacy, Information Security, Internal Audit, and Government Relations.
- Anticipate regulatory developments and proactively advise leadership on how client should navigate such developments.
Requirements
- J.D. degree (or foreign equivalent) and membership in at least one US state bar.
- 6+ years of experience providing financial legal and regulatory advice to regulated non-bank financial institutions, preferably in the fintech space, including in-house experience with payments matters in the context of internet or technology companies and/or relevant law firm work.
- Experience advising on US state and federal money transmission, anti-money laundering, and consumer protection laws and regulations.
- Experience in commercial and consumer lending, loan brokering, alternative forms of financing, card network rules, and commercial contracts is strongly preferred.
- Excellent communication, analytical, and problem-solving skills.
- Experience providing strategic and pragmatic regulatory advice to business and compliance teams.
- Technical understanding of the payments and financial ecosystem, especially as relevant to marketplaces.
- Ability to lead and deliver across a number of top-priority projects in a fast-paced work environment.
- Flexibility with the scope and variety of projects to be undertaken.
Nice-to-haves
- Strong curiosity about alternative payments, emerging payments technology, and the fintech industry.
- In-house legal department experience.
