Associate Regulatory Product Counsel

Summary

Join Lead Bank, a chartered banking-as-a-service platform, as an Associate Regulatory Counsel. You will be a key member of the risk team, supporting Payments and Banking-as-a-Service (BaaS) initiatives. This role involves providing legal guidance, drafting contracts, staying updated on regulations, and collaborating with internal and external stakeholders. The ideal candidate possesses 3+ years of payments law experience, is a member of a state bar, and has experience in reviewing disclosures and applying payments laws to innovative environments. Lead Bank offers competitive compensation, comprehensive benefits, paid parental leave, and a flexible vacation policy.

Requirements

• 3+ years of experience specializing in payments
• Active member in good standing of at least one state bar
• Experience reviewing commercial and consumer disclosures and documents for payments services
• Experience understanding, interpreting, and applying payments laws, regulations, and rules to innovative environments such as fintech and crypto
• Critical-thinker with the ability to be practical and balance competing risks (legal and non-legal)
• Eager to collaborate/compromise to get to the best, most efficient outcome
• Strong judgment, good instincts and sharp analytical skills
• Strong communication skills and the ability to work cross-functionally to align stakeholders on the goals and behaviors required for success
• Welcomes divergent opinions and perspectives
• Client focused mentality
• Intellectually curious self-starter that likes to roll up your sleeves

Responsibilities

• Provide legal and regulatory guidance to clients and internal teams for the Bank’s Payments initiatives, including federal and state consumer payments laws and regulations (EFTA, NACHA, GLBA, UDAAP, crypto, money transmission licensing, card network rules, etc.)
• Draft and negotiate complex contracts with clients, partners, and vendors, ensuring compliance with applicable law
• Stay abreast of relevant banking and payments regulation, legislation and other developments and trends that may impact the company and its Payments vertical
• Perform all other duties as assigned

Preferred Qualifications

• Experience in a law firm advising clients regarding payments services
• Experience with fintech or Banking-as-a-Service (BaaS) environment
• Experience drafting and negotiating commercial contracts
• Experience with stablecoin and crypto based payment flows
• Interested in expanding experience into other banking products like lending and deposits

Benefits

• Competitive compensation, based on experience, geographic location, and role
• Medical, Dental, Vision, Life, 401k Matching, and other wellness benefits, including FSA, HSA and HRA
• Paid parental leave
• Flexible vacation policy, including PTO and paid holidays
• A fun and challenging team environment in a dynamic industry with ample opportunities for career growth