Director, FinTech Counsel

Overview

A mid-level attorney with experience in the FinTech sector is sought to provide legal support for embedded finance products and services. This role involves negotiating bank partnerships, counseling on innovative commercial and consumer financial products, and independently leading commercial transactions. The position supports a business line focused on financial solutions tailored for restaurants, including embedded banking products, AI-driven financial management tools, stored-value cards, and payment processing.

Responsibilities

• Draft and negotiate complex commercial agreements with financial institutions, payment processors, strategic partners, and merchants related to fintech products and services.
• Serve as the legal representative on cross-functional teams to design and implement financial products, ensuring compliance with financial regulations, partner contracts, card brand rules, and industry best practices.
• Research and respond to legal questions, disputes, and escalations; advise stakeholders on legal and regulatory requirements and risks.
• Draft user agreements such as cardholder agreements, credit agreements, and website terms of service.
• Review customer-facing materials including advertising, enablement tools, and user experience content for compliance with federal and state laws, providing guidance to Marketing, Design, and Go-to-Market teams.

Requirements

• Juris Doctor (J.D.) from an ABA-accredited U.S. law school and membership in good standing with at least one state bar.
• Extensive experience advising fintech businesses and senior stakeholders on a variety of financial products and services, including embedded finance and payment solutions.
• Strong commercial drafting skills and experience independently leading negotiations within the financial services industry.
• Deep knowledge of financial laws and regulations, including but not limited to:
  • Commercial and consumer banking regulations (Reg B, Reg E, Reg Z, Reg CC, Reg DD)
  • Federal and state consumer protection laws (UDA(A)P)
  • Laws governing electronic funds transactions (Reg E, NACHA)
  • State and federal money transmitter laws
  • Card association and payment network rules
• Exceptional written and verbal communication skills, with the ability to simplify complex legal concepts for diverse business audiences including senior leadership.
• Ability to collaborate effectively with product and cross-functional teams to provide legal guidance while supporting business objectives.
• Experience advising on products incorporating AI components is preferred.

Compensation & Benefits

• Base salary range: $192,000 to $260,000 USD, determined by skills and experience.
• Additional compensation may include overtime, bonuses, commissions (if eligible), benefits, and equity (if eligible).
• Competitive benefits programs designed to support a healthy lifestyle and flexible work arrangements.

Location & Work Model

• Hybrid work model fostering in-person collaboration while accommodating individual needs.

Additional Information

• The hiring process utilizes AI tools to assist recruiters and interviewers with administrative tasks; all hiring decisions are made by people.
• The organization is committed to diversity, equity, and inclusion, creating equitable opportunities and fostering an inclusive culture.
• Reasonable accommodations are available for applicants with disabilities throughout the hiring process.
• Note: For roles in Massachusetts, it is unlawful to require or administer lie detector tests as a condition of employment.