Regulatory Product Counsel

Overview

The organization is seeking a Regulatory Product Counsel to support the bank’s Banking-as-a-Service (BaaS) and payments businesses. This role provides practical, product-minded legal guidance to internal stakeholders across partner onboarding, product launch, product expansion, and ongoing partner oversight.

This position involves translating banking and payments regulations into actionable advice that helps teams move quickly within the organization’s risk tolerance. The Regulatory Product Counsel will work closely with Product, Program Management, Compliance, FinCrimes, Risk, Operations, Finance, and other legal team members to identify legal issues early, guide product design and operational decisions, and help scale partner oversight and product review processes.

Responsibilities

• Provide legal and regulatory guidance for the bank’s BaaS initiatives, including federal and state consumer lending and payments laws and regulations (TILA, ECOA, EFTA, FCRA, etc.), as well as privacy and information security.
• 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.).
• Advise cross-functional teams on applying consumer financial laws and related regulatory requirements in fintech environments, including consumer and commercial lending, deposit, payments, and hybrid products.
• Assess how product changes affect legal risk, operational controls, partner obligations, and required stakeholder approvals.
• Track legal and regulatory developments impacting BaaS and payments programs and translate updates into practical internal guidance.
• Help build scalable review processes, playbooks, and documentation to improve consistency and efficiency across the legal function.
• Perform other duties as assigned.

Requirements

• J.D. and active membership in good standing in at least one state bar.
• Approximately 6+ years of relevant legal experience in banking, fintech, payments, consumer financial services, or a comparable regulatory practice.
• Ability to understand, interpret, and apply banking and payments laws to novel products, partner models, and technology-enabled services.
• Experience reviewing or advising on consumer-facing product terms, disclosures, policies, or workflows.
• Strong legal judgment and analytical rigor, with comfort balancing legal, regulatory, operational, and business considerations.
• Strong communication skills and ability to work cross-functionally with legal and non-legal stakeholders.
• Practical, collaborative approach and willingness to build processes in a fast-moving environment.
• Comfort leveraging AI tools to increase productivity and accuracy.
• Intellectual curiosity, ownership mentality, and comfort operating as structures evolve.
• Payment systems: familiarity with operational and disclosure mechanics for money movement products, including ACH, wires, card rails, FedNow, RTP preferred.
• Stablecoins/Crypto: familiarity with stablecoin- or crypto-enabled payment programs preferred.
• Prepaid products: familiarity with prepaid account and prepaid debit-card programs, including customer agreements, disclosures, error-resolution rights, and funds access preferred.

Compensation & Benefits

• Competitive compensation based on experience, geographic location, and role.
• Medical, dental, vision, life, 401k matching, and other wellness benefits.
• Flexible vacation policy.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Fair Chance Ordinance

• Pursuant to the San Francisco Fair Chance Ordinance, qualified applicants with arrest and conviction records will be considered.
• Pursuant to the Los Angeles County Fair Chance Ordinance, qualified applicants with arrest and conviction records will be considered.

Compensation Zones (US)

Pay is based on a number of factors and may vary depending on geographical market location, job-related knowledge, skills, and experience. These ranges may be modified in the future.

• Zone 1: $176,000 - $200,000 (SF/Bay Area, NYC, Seattle)
• Zone 2: $166,000 - $195,000 (Los Angeles, Chicago, Austin, Denver, Boston, Washington DC, San Diego, Philadelphia, Portland, Sacramento, Miami)
• Zone 3: $150,000 - $180,000 (Other US Metros)

Location

Offices in San Francisco, Sunnyvale, and New York City, with an FDIC-insured bank in Kansas City.