Senior Counsel, Product

Summary

Join Affirm's Product Counsel Legal team as a hardworking product lawyer supporting the servicing and underwriting lifecycle for payments and BNPL loans. Counsel Affirm's business teams on consumer financial services laws and regulations. Advise on financial regulatory requirements, including PSD2, AML/KYC, and EU Directives. Support Affirm's loan and payment product origination and servicing. Provide strategic advice on EU consumer finance and protection laws. Monitor legal and regulatory developments in consumer lending and servicing. Identify and evaluate business and legal risks. Draft terms and conditions and disclosures. Create initiatives related to Affirm products. This role requires a qualified lawyer with 5+ years PQE and experience in consumer credit lifecycle.

Requirements

• Ideal candidate will have 6+ years of related business, government, or fintech experience, preferably with a focus on Payments, Consumer Credit, Banking, or BNPL
• Relevant education. You’re a qualified lawyer with a minimum of 5 years PQE, and ideally 7 years of professional legal experience
• Someone who has established expertise in all areas of the consumer credit lifecycle, including originations, underwriting, licensing, KYC/AML, servicing, credit reporting, & collections
• A quick learner who genuinely enjoys legal analysis and collaboration in a fast-paced environment - you take your work seriously, but don’t take yourself too seriously
• Experience developing creative approaches to legal challenges while providing business-focused legal advice
• Inquisitive and proactive in identifying risks and proposing creative and effective solutions
• Strong project management, critical thinking, creativity, and analytical skills
• Someone focused on maintaining positive relationships and trust with cross-functional business partners
• Passion for improving credit products and consumer experiences

Responsibilities

• Counsel Affirm’s Business teams and other cross-functional stakeholders on relevant consumer financial services laws and regulations affecting new and existing products and services, including the PSD2, Regulatory compliance
• Advise on relevant financial regulatory requirements: including PSD2, AML/KYC, EU Directive and Dutch Consumer Rights laws. e.g. PSD2, AMLD, CBPR2, MTRs, DORA, SCA)
• Support Affirm’s origination and servicing of loan and payment products
• Provide strategic advice regarding EU consumer finance and protection laws
• Monitor legal and regulatory developments in consumer lending and servicing
• Be a trusted advisor and teammate, sharing legal and other expertise and support when needed
• Identify and evaluate business and legal risks and act as a trusted partner for creative legal problem-solving
• Draft terms and conditions, disclosures, review copy
• Create and solve initiatives related to new and existing Affirm products to ensure business partners are supported

Preferred Qualifications

A combination of private practice and in-house experience is preferred

Benefits

• Health care coverage - Affirm covers all premiums for all levels of coverage for you and your dependents
• Flexible Spending Wallets - generous stipends for spending on Technology, Food, various Lifestyle needs, and family forming expenses
• Time off - competitive vacation and holiday schedules allowing you to take time off to rest and recharge
• ESPP - An employee stock purchase plan enabling you to buy shares of Affirm at a discount
• Flexible Spending Wallets for tech, food and lifestyle
• Away Days - wellness days to take off work and recharge
• Learning & Development programs
• Parental benefits
• Employee Resource & Community Groups